Claims adjusters - Study guides, Class notes & Summaries

Frank owned a home that was destroyed by a hurricane. Both ABC and XYZ Banks were listed as additional interests on his homeowner policy. The insurance company will make a payment to: A. The first mortgagee, ABC B. The Insured C. Jointly to ABC and XYZ D. All listed interests - Ans: D. All listed interests Remember that the insurer is not responsible to know the degrees of interest. In the event of a loss, one payment is made by the insurer and it is up to the additional interests on worki...

Florida Claims Adjuster Exam | 200+ Questions And Answers

What does claims management encompass ? - 1. Handling individual claims 2. Departmental claims processes and procedures. (What term/s do the ) courts use to determine bad faith? - harsh, vindictive, reprehensible, highhanded, oppressive, malicious what benchmark are adjusters held to? - Utmost good faith broader claims management functions (6) - 1. establish procedures, 2. providing administrative support, 3. establish a system of record keeping, 4. align operations to corporate vision and ...

Florida Claims Adjuster Exam questions and answers (206 Questions)

Florida Claims Adjuster Exam Questions with Correct Answers 1 / 36 1. Frank owned a home that was destroyed by a hurricane. Both ABC and XYZ Banks were listed as additional interests on his homeowner policy.The insurance company will make a payment to: A. The first mortgagee, ABC B. The Insured C. Jointly to ABC and XYZ D. All listed interests: D. All listed interests Remember that the insurer is not responsible to know the degrees of interest. In the event of a loss, one payment is ma...

FLORIDA CLAIMS ADJUSTER EXAM 2024 WITH 100% CORRECT ANSWERS Frank owned a home that was destroyed by a hurricane. Both ABC and XYZ Banks were listed as additional interests on his homeowner policy. The insurance company will make a payment to: A. The first mortgagee, ABC B. The Insured C. Jointly to ABC and XYZ D. All listed interests - correct answer D. All listed interests Remember that the insurer is not responsible to know the degrees of interest. In the event of a loss, one paym...

Florida Claims Adjuster Exam Questions And Answers With Latest Quiz Florida Claims Adjuster Exam Questions And Answers With Latest Quiz

Severability correct answers Insurance applies separately to each insured as if other insureds did not exist. Abandonment correct answers 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 correct answers One wherein economic loss would be suffered from an adverse happening to the subject. Liberalization correct answers States that if the insurer adopts a revi...

Florida Claims Adjuster Exam Complete Questions And Answers 2024 Solutions Florida Claims Adjuster Exam Complete Questions And Answers 2024 Solutions