Insurance adjuster test - Study guides, Class notes & Summaries

Adjuster Pro - Insurance Adjuster Test Questions and Answers Already Passed What is insurance? protection against financial loss what is a premium a scheduled amount to be paid for an insurance policy. What are premiums used for premiums are collected into a "pool" or "reserve to pay out claimants when needed. how can insurance companies afford to pay for an individuals catastrophic loss? the insurer collects premiums from all policy holders and uses them to pay out the claims ...

Adjuster Pro - Insurance Adjuster Test Questions with 100% Verified Correct Answers What is insurance? - Correct Answer protection against financial loss what is a premium - Correct Answer a scheduled amount to be paid for an insurance policy. What are premiums used for - Correct Answer premiums are collected into a "pool" or "reserve to pay out claimants when needed. how can insurance companies afford to pay for an individuals catastrophic loss? - Correct Answer the insurer collect...

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PA Motor Vehicle Physical Damage Appraiser - Practice Exam 100+ questions correctly answered & verified True or False: Each appraiser, while engaged in appraisal duties, must carry his/her appraiser's license & display it to an owner of the vehicle or shop upon request: - ANSWER true What are the number of business days you have per Act 361 to inspect vehicle? - ANSWER 6 How many days after an inspection should a total loss be offered to the owner? - ANSWER 5 Aftermarket parts...

Insurance Adjuster Test Questions With 100% Verified Correct Answers 2024/2025 Which type of coverage relates to damage to or destruction of detached structures in a typical homeowners policy? Coverage B Coverage A Coverage D Coverage C - Correct Answer Cov B The unfair trade practice of offering inducements for the purchase of insurance is called? controlled business rebating misrepresentation false advertising - Correct Answer rebating In which type of group life...

What is insurance? Correct Answer: protection against financial loss what is a premium Correct Answer: a scheduled amount to be paid for an insurance policy. What are premiums used for Correct Answer: premiums are collected into a "pool" or "reserve to pay out claimants when needed. how can insurance companies afford to pay for an individuals catastrophic loss? Correct Answer: the insurer collects premiums from all policy holders and uses them to pay out the claims of a few. w...

Adjuster Pro - Insurance Adjuster Test Questions And 100% Correct Answers ...

Lloyds of London was most known for insuring what product? Tobacco Shipments How did the Chinese families use the concept of pooling to protect their crops? Divided shipments to multiple ships The chinese were credited with being the first to create the concept of insurance. The main method used was to ship their goods on multiple ships instead of on one single vessel. What concept of insurance does this demonstrate? spreading the risk John just bought a boat. He has never owned...

Adjuster Pro - Insurance Adjuster Test What is insurance? - -protection against financial loss what is a premium - -a scheduled amount to be paid for an insurance policy. What are premiums used for - -premiums are collected into a "pool" or "reserve to pay out claimants when needed. how can insurance companies afford to pay for an individuals catastrophic loss? - -the insurer collects premiums from all policy holders and uses them to pay out the claims of a few. what is Indemnity - -pa...