Public adjuster - Study guides, Class notes & Summaries

The insurer and insured agree to a specific value of insured item Correct Answer: Agreed Value Policies Someone who has care, custody or control of another's property Correct Answer: Bailee Claim filed by policy holder against his _ Correct Answer: First Party Claim When a person who entrusts another with an object and it results in injury to someone can be held liable for the injury to someone. Can be held liable for the injury i.e. Firearm or DWI Correct Answer: Negligent Entrust...

Pennsylvania Public Adjuster Examination--Series 16-19 Set 1 Complete Questions And Answers 2023 A claim has occurred and the statute of limitation is about to expire. The law requires that first party claimants be given a _____ day notice and third party claimants must be given a _____ day notice. A first party claimant must be given a 30 day notice and a third party claimant must be given a 60 day notice of the expiration of the statute of limitations. The standard deductible for each cove...

Illinois Public Adjuster Exam Questions and Answers Latest 2023 RATED A+

Florida No-Fault Tort Exemption Correct Answer: Those who comply with the law are granted limited immunity from suits of others through PIP coverage. 4 Exceptions to Tort Exemption(Threshold of No-Fault) Correct Answer: 1. Significant and Permanent loss of bodily function. 2.Permanent injury other than scarring and disfigurement. 3.Significant and Permanent scarring or disfigurement. 4.Death What does NFIP stand for? Correct Answer: National Flood Insurance Program Form SR-22 Corr...

Illinois Public Adjuster Exam Questions and Answers Latest 2023

626.854 (3) Correct Answer: A public adjuster may not give legal advice or act on behalf of or aid any person in negotiating or settling a claim relating to bodily injury, death, or noneconomic damages. 626.854 (5) Correct Answer: A public adjuster may not directly or indirectly through any other person or entity solicit an insured or claimant by any means except on Monday through Saturday of each week and only between the hours of 8 a.m. and 8 p.m. on those days. 626.854 (6) Correct Ans...

Subordination Correct Answer: When the insured collets damages from his or her own insurance company and those damages were caused by negligent third-party, the insurance company steps into the shoes of the insured and is entitled to recover the damages actually paid to the insured from the negligent party liability insurance Correct Answer: Means that the payment by the insurance company will be made to a third-party injured or damaged by the insured. An insured can we never recover damage...

NY Life, Accident, and Health Insurance Agent/Broker Exam Series 17-55 actual exam Process 2103 (d-i) - CORRECT ANSWER-1. The Superintendent may issue a license to any person, firm or corporation who has complied with the requirements of the Insurance Code, authorizing the licensee to act as agent of any authorized insurer. Every individual applicant for a license under this section and every proposed sublicensee must be 18 years of age or older at the time of issuance of such licens...

PUBLIC ADJUSTER QUESTIONS AND ANSWERS ALREADY PASSED Program Trigger for terrorist acts must cause a collective damage in excess of? • $100,000,000 TF A public adjuster may own no more than 50% in a salvage or similar business? • F General Average • Loss shared by all parties Particular Average • Only one party shares in the loss. In a home owner policy there is no deductible for • Liability Coverage In BOP covered property is listed and described in what part of th...

Florida 3-20 Public Adjuster Exam 1 Questions And Answers With Verified Solutions Florida 3-20 Public Adjuster Exam 1 Questions And Answers With Verified Solutions