Ms adjuster license - Study guides, Class notes & Summaries

Jerome was shopping at ABC Imports when a light fixture fell from the ceiling and hit him on the head. Jerome's injuries resulted in an extended hospital stay, so he sued ABC Imports and was awarded $400,000. Assuming ABC Imports carries a CGL with a General Aggregate of $750,000 and a per occurrence limit of $250,000, what is the maximum that ABC's insurer will pay for Jerome's injuries? - CORRECT ANSWER $250,000 Strict Liability: - CORRECT ANSWER holds a person liable for h...

MS adjuster license exam

MS ADJUSTER LICENSE EXAM 2024 QUESTIONS WITH CORRECT ANSWERS ALREADY PASSED AND VERIFIED Jerome was shopping at ABC Imports when a light fixture fell from the ceiling and hit him on the head. Jerome's injuries resulted in an extended hospital stay, so he sued ABC Imports and was awarded $400,000. Assuming ABC Imports carries a CGL with a General Aggregate of $750,000 and a per occurrence limit of $250,000, what is the maximum that ABC's insurer will pay for Jerome's injuries? - C...

MS Adjuster License Exam Questions And Answers In which of these situations could a Mississippi insurer cancel a policy after 60 days with sufficient notice? The policyholder's son has his license suspended during the policy period. Bonnie's PAP includes Comprehensive coverage. Which of the following losses could this coverage pay for? Bonnie's car catches fire Sam suffers $6,000 in injuries when Nicole runs a red light and crashes her uninsured car into Sam's. Sam's ...

Texas All lines adjuster license insurance terms and related concepts Chapter 1 Law of Large Numbers - correct answer the more examples used to develop any statistic, the more reliable the statistic will be Underwriting - correct answer The process and insurance company uses to decide whether to except or reject an application for a policy insurance. underwriters evaluate the risk and exposure of a potential policyholders they decide how much coverage the policyholder should receive how much...

Texas All lines adjuster license insurance terms and related concepts Chapter 1 Exam Latest 2023Texas All lines adjuster license insurance terms and related concepts Chapter 1 Exam Latest 2023

Law of Large Numbers correct answers the more examples used to develop any statistic, the more reliable the statistic will be Underwriting correct answers The process and insurance company uses to decide whether to except or reject an application for a policy insurance. underwriters evaluate the risk and exposure of a potential policyholders they decide how much coverage the policyholder should receive how much they should pay for it or whether even to except the risk and insure them. underwr...

Texas All lines adjuster license insurance terms and related concepts Chapter 1.

Law of Large Numbers correct answersthe more examples used to develop any statistic, the more reliable the statistic will be Underwriting correct answersThe process and insurance company uses to decide whether to except or reject an application for a policy insurance. underwriters evaluate the risk and exposure of a potential policyholders they decide how much coverage the policyholder should receive how much they should pay for it or whether even to except the risk and insure them. underwrit...