Claims adjuster final - Study guides, Class notes & Summaries

Claims Adjuster Final (Multiple Choice Questions) Already Passed An adjuster is a fiduciary agent with a responsibility of loyalty to the interest of - Answer ️️ - The insured and insurer An insurer gives which of the following as Consideration for an insurance policy? - Answer ️️ - A Promise The interest of the insured and all other persons in the property involved in a claim is found in - Answer ️️ -A Proof of Loss An insured rear-ends another driver's vehicle. The auto po...

An adjuster is a fiduciary agent with a responsibility of loyalty to the interest of - ANSWER-The insured and insurer An insurer gives which of the following as Consideration for an insurance policy? - ANSWER-A Promise The interest of the insured and all other persons in the property involved in a claim is found in - ANSWER-A Proof of Loss An insured rear-ends another driver's vehicle. The auto policy that pays damages to repair the damaged vehicle is a _______? - ANSWER-Liability Po...

SC Property, Casualty, Surety, Marine Exam Questions and Answers 100% Answered!!Accumulated Depreciation - ANSWERSThe total decrease in an item's value over a period of time. Formula:(Annual Depreciation x Number ofyears used) 1-J Acreage Reporting Date - ANSWERSThe deadline for providing the insurer with an acreage report, which is used to determine the amount of coverage needed and the premium charged for a particular crop. 3-E Actual Cash Value (ACV) - ANSWERSA valuation method used by...

An adjuster is a fiduciary agent with a responsibility of loyalty to the interest of CORRECT ANSWER The insured and insurer An insurer gives which of the following as Consideration for an insurance policy? CORRECT ANSWER A Promise The interest of the insured and all other persons in the property involved in a claim is found in CORRECT ANSWER A Proof of Loss An insured rear-ends another driver's vehicle. The auto policy that pays damages to repair the damaged vehicle is a _______? COR...

Claims Adjuster Final (Multiple Choice Questions) Questions And Answers Texting while driving is best described as a: Hazard A covered loss is $90,000. Policy A has a limit of $100,000. Policy B has a limit of $200,000. Both policies are pro-rata policies. How much will policy B pay for this loss? $60,000 I sold my home yesterday, signed a deed and transferred title. Last night there was a house fire. I had not yet cancelled my homeowner's insurance. The purchaser also had a homeow...

Claims Adjuster Final (Multiple Choice Questions) Questions and answers latest update

Claims Adjuster Final (Multiple Choice Questions) Already Passed An adjuster is a fiduciary agent with a responsibility of loyalty to the interest of - Answer ️️ - The insured and insurer An insurer gives which of the following as Consideration for an insurance policy? - Answer ️️ - A Promise The interest of the insured and all other persons in the property involved in a claim is found in - Answer ️️ -A Proof of Loss An insured rear-ends another driver's vehicle. The auto po...

Severability - Answer Insurance applies separately to each insured as if other insureds did not exist. Abandonment - Answer Property insurance policies usually contain a(n) __________ clause, *stating the insured cannot dump damaged property on the insurer and demand its full value.* Insurable Interest - Answer One wherein economic loss would be suffered from an adverse happening to the subject. Liberalization - Answer States that if the insurer adopts a revision which would bro...

Claims Adjuster Final Exam (Multiple Choice Questions and Correct Answers) An adjuster is a fiduciary agent with a responsibility of loyalty to the interest of - Correct Answer: The insured and insurer

In PA, a consumer reporting agency may list all of the following information about a consumer EXCEPT: - Medical Information The device that synchronizes the spark plug firing sequence is: - Camshaft Sensor If an insured fail to report a claim in a timely fashion the adjuster will usually: - Send the insured a reservation of rights letter When using a dedicated bench fixture to measure a unibody with front-end damage, where should fixtures be placed? - Fixtures should be placed in the damag...