Umpire definitions - Study guides, Class notes & Summaries

Florida 6-20 All Lines Adjuster Test 2024 Update| Complete Questions & Answers | Rated A+. A public adjuster represents the interest of: A. The insurer B. The Insured C. The employer D. The interest of the general public -- CORRECT ANSWER->> -B. The insured Which of the following is the type of report that indicates the initial results of a claim investigation? A. Field Report B. Interim Report C. Full Report D. None of the above -- CORRECT ANSWER->> -A. Field Report S...

2-20 License Exam Questions And Definitions Updated 2024. Admitted Aircraft Liability Coverage - correct answer. A coverage sometimes written in conjunction with Aircraft Passenger Liability which can provide reimbursement for death or dismemberment without requiring legal action. Appraisal Clause - correct answer. Clause which provides an appraisal procedure when the insured and the insurer are in disagreement regarding the amount of a loss. Insured and insurer each ...

Florida Personal Lines 20-44 Definitions Complete Solutions Abandonment Clause ️A clause often contained in property insurance policies stating that the insured cannot abandon damaged property to the insurer and demand to be reimbursed for its full value Accident ️A sudden fortuitous event Actual Cash Value (ACV) ️The cost to replace an item of property at the time of loss, less an allowance for depreciation. Often used to determine amount of reimbursement for a loss (ACV=Repla...

Missouri Property and Casualty Graded A+ Insurance Terms and Definitions - Absolute Liability: Liability arising from extreme dangers, such as explosives. Strict liability applies, meaning no fault needs to be shown (e.g., owning a wild animal). - Accident: An unexpected event occurring at a specific time and place. - Actual Cash Value (ACV): Cost to replace property at the time of loss, minus depreciation; used for reimbursement calculations. - Additional Insured: A person or entity, apar...

Florida 6-20 All Lines Adjuster Test| 276 questions| 50 Pages| With Complete Solutions Florida 6-20 All Lines Adjuster Test| 276 questions| 50 Pages| With Complete Solutions A public adjuster represents the interest of: A. The insurer B. The Insured C. The employer D. The interest of the general public - Correct Answer -B. The insured Which of the following is the type of report that indicates the initial results of a claim investigation? A. Field Report B. Interim Report C. Full Re...

The giving up of a known right is called: A. Estoppel B. Violation of policy conditions C. Rebating D. Waiver - <<ANSWERS>>D. Waiver An innocent party relies on certain statements made by the adjuster and is damaged as a result. The guilty party may be legally prohibited from asserting that the fact does not exist because of: A. Waiver B. Estoppel C. Duties of the adjuster D. Law of contract - <<ANSWERS>>B. Estoppel Should an insured fail to report a claim...

A public adjuster represents the interest of: A. The insurer B. The Insured C. The employer D. The interest of the general public - B. The insured Which of the following is the type of report that indicates the initial results of a claim investigation? A. Field Report B. Interim Report C. Full Report D. None of the above - A. Field Report States have adopted statutes regarding claims adjusting. To avoid unfair treatment to a claimant the adjuster must not: A. Promptly inves...

Public Adjuster Exam with Questions and Answers Declarations ANSWER Indentity, address, named insured,policy term, amount of insurance, liability, policy premium & deductibles of anpolicy Insuring agreement ANSWER Describes covered perils, risk assumed,nature of coverage or makes reference to the contractual agreement between the insurer & the insured. Conditions ANSWER Set provisions, rules of conduct, duties & obligations of both parties. Such as the policy period, the insured's obli...

Iowa Personal Lines Latest Update Graded A+ DP-1 Basic Form Dwelling Policy: Provides coverage on a named peril basis. DP-1 Losses are paid actual cash value Extended Coverage Perils W.C. SHAVVER: Wind, Civil Commotion, Smoke, Hail, Aircraft, Vehicles, Volcanic Eruption, Explosion, and Riot DP-2 Broad Form Dwelling Policy: Provides replacement cost coverage on dwellings & buildings on a "named peril" basis, contents are actual cash value Uninsurable (excluded) losses Under the open- peril ...

Florida 6-20 All Lines Adjuster Test Questions and Answers Graded A+ A public adjuster represents the interest of: A. The insurer B. The Insured C. The employer D. The interest of the general public B. The insured Which of the following is the type of report that indicates the initial results of a claim investigation? A. Field Report B. Interim Report C. Full Report D. None of the above A. Field Report States have adopted statutes regarding claims adjusting. To avoid unf...