Duties of the claimant Study guides, Class notes & Summaries

1 year - If you don't renew your registration how long is it before you have to get a new criminal record check 10 - How many days does a condo management company have to provide a copy of management agreement upon receiving written request 10,000 for individual 100,000 for business - Max fines from PIPA if convicted of an offence 180 days - Builder has how many days to go to court to register a certificate of lis pendens 1st degree relative - A spouse, or children ate considered what de...

AINS 101| 78 Questions and Answers, 100% Correct| Latest The two main sectors of the insurance industry are Property-casualty insurance and life-health insurance. Because insurance contracts impose an obligation for ethical practices and behaviors on the parties while dealing with one another, an insurance contract is called a Contract of utmost good faith. Earned premiums are shown on an insurer's income statement because they are Revenues Destructive competition in the insurance i...

Florida Statutes, Rules, and Regulations Common to all Lines Life & Health 24% Exam Questions and Answers | 100% Correct| 2024 Update Unlicensed Entities - Answer ️️ -Any entity that is operating without the proper authorization. Authorized agents and entities are required to be LICENSED OR REGISTERED with the FLORIDA OFFICE OF INSURANCE REGULATION. Financial Services Regulation - Answer ️️ -The Department of Financial Services enforces the provisions of the Insurance Code and to ...

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: correct answers true What are the number of business days you have per Act 361 to inspect vehicle? correct answers 6 How many days after an inspection should a total loss be offered to the owner? correct answers 5 Aftermarket parts can only be used when? correct answers The parts are listed and coded in the estimate Wh...

A public adjuster represents the interest of: A. The insurer B. The Insured C. The employer D. The interest of the general public correct answers 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 answers A. Field Report States have adopted statutes regarding claims adjusting. To avoid unfair treatment to a claimant the adjuster must n...

Who owns thier renewals ~~> Independents Events that may NOT be recovered by insurance are ~~> Gambling, investing, market value of home What underlying coverages typically are required for an umbrella ~~> Auto and Personal Conditions that prohibit assignments of the policy ~~> Transfer of rights and duties Expectant interest are ~~> Not insured Flood, power failure and earth movement are ~~> Excluded on DP & HO 2 | P a g e | © copyright 2024/2025 | Gra...

Which of the following is NOT one of the duties of the Department of Financial Services? b. Dept does NOT set rates nor write policies - ANSWER-Set rates and write policies for various company products The adjuster has a particular relationship to his principal, the insurer. Which of the following best describes this relationship? - ANSWER-It is a fiduciary relationship. The Claims Adjuster's role in the insurance industry includes all the following EXCEPT: - ANSWER-Gives appropriate leg...

Utah Life Insurance Test Questions and Answers Already Passed Minimum Age to receive a license 18 Continuing Education Hours 24 Hours every 2 years (3 Hours must be in ethics) Insurer must respond to claimant communications within how many days? 15 days Commissioner Powers and duties include: Imposing penalties, including fines, suspensions, and revocations. All insurance forms (riders, policies, applications, endorsements, and contracts) must be filed and approved by the Commi...

New York Adjuster Exam Questions and Answers Graded A+ (2024/2025) The insured has moved into a dwelling that was being build and was covered by the "Dwelling Under Construction" endorsement. How long does the insured have to report his / her occupancy to the insurance company? 30 days When a New York Homeowners policy is still in the 60-day underwriting period, the insurer may cancel it for any reason by providing a ______ notice. 30 day Personal property that is covered under the Person...

Florida Adjuster Exam Questions and Answers 100% Pass Which of the following is NOT one of the duties of the Department of Financial Services? b. Dept does NOT set rates nor write policies - Answer- Set rates and write policies for various company products The adjuster has a particular relationship to his principal, the insurer. Which of the following best describes this relationship? - Answer- It is a fiduciary relationship. The Claims Adjuster's role in the insurance industry includes...