Ga claims - Study guides, Class notes & Summaries

What coverage does Community Eligibility apply to? Flood insurance through FEMA What's the difference between Emergency Program and Regular Program in the National Flood Insurance Program? Emergency applies to homes in communities that are a normally not a flood hazard. Regular programs are awarded to an entire community that is eligible due to flood hazard. What is the flood coverage on a regular program in a 1-4 Family Dwelling? $250,000 On what policy can you add the ...

What coverage does Community Eligibility apply to? - Flood insurance through FEMA What's the difference between Emergency Program and Regular Program in the National Flood Insurance Program? - Emergency applies to homes in communities that are a normally not a flood hazard. Regular programs are awarded to an entire community that is eligible due to flood hazard. What is the flood coverage on a regular program in a 1-4 Family Dwelling? - $250,000 On what policy can you add the Flood Progra...

What coverage does Community Eligibility apply to? Flood insurance through FEMA What's the difference between Emergency Program and Regular Program in the National Flood Insurance Program? Emergency applies to homes in communities that are a normally not a flood hazard. Regular programs are awarded to an entire community that is eligible due to flood hazard. What is the flood coverage on a regular program in a 1-4 Family Dwelling? $250,000 On what policy can you add the Flood Program endo...

Exam FX GA Property and Casualty Questions and Answers (Graded A) Exam FX GA Property and Casualty Questions and Answers (Graded A) Exam FX GA Property and Casualty Questions and Answers (Graded A) In Return for premium, and insurance company must.. - ANSWER-Be Fair in underwriting and pay covered losses In return for premium, an insurance company must be fair and impartial in underwriting of risks and must pay claims made for all covered losses. The part of a policy that clarifies ...

GA Claims Adjuster Licensing Exam ACTUAL QUESTIONS AND CORRECT ANSWERS 2024- 2025 best grade a+ All of the following coverage is available under a Standard Flood Insurance Policy issued by the National Flood Insurance Program except: a. Loss of Use b. Dwelling c. Personal Property d. Removal - ANSWER-A. Loss of Use The maximum number of days that a Standard Flood Insurance Policy will cover property removed is: a. 15 days b. 20 days c. 30 days d. 45 days - AN...

Automatic Increase Endorsement Used to keep the coverage current as a result of inflation on construction cost Punitive Damages (Exemplary Damages) It is an award above the pain and suffering amount as well as the special damages amount. An award intended to punish. 00:35 01:34 Comparative Negligence Establishes the percentage of fault shared by each driver in an accident in which both contribute to casusing the accident Experience Modification Rating The premi...

GA Claims Adjuster Licensing Exam Latest 2024 Already Passed What coverage does Community Eligibility apply to? - Answer ️️ -Flood insurance through FEMA What's the difference between Emergency Program and Regular Program in the National Flood Insurance Program? - Answer ️️ -Emergency applies to homes in communities that are a normally not a flood hazard. Regular programs are awarded to an entire community that is eligible due to flood hazard. What is the flood coverage on a reg...

Risk In the insurance industry, risk can have two meanings: 1) the potential for financial loss; being exposed or open to damage, 2) an insured item. Risk Avoidance Insurers' practice of denying insurance applications that they believe would involve an inordinate amount of risk. 00:24 01:34 Risk Management Measures taken by an insurance company to ensure that their exposure is not too high and to control the effect of a loss; for example, an insurer might charge highe...

In GA, _____insurance cannot be written by a reciprocal type insurer. CORRECT ANS life No insurer or licensee doing business in Georgia may pay any commissions or valuable consideration to any person for services as an agent, subagent, or adjuster unless that person is duly licensed under the CORRECT ANS Code Mediation is not _____ on the parties involved, but with arbitration the decision is final and _____. CORRECT ANS Binding Standard and Poor's, A.M. Best and Moody's are examples ...

What's the difference between Emergency Program and Regular Program in the National Flood Insurance Program? Correct Answer: Emergency applies to homes in communities that are a normally not a flood hazard. Regular programs are awarded to an entire community that is eligible due to flood hazard. What is the flood coverage on a regular program in a 1-4 Family Dwelling? Correct Answer: $250,000 On what policy can you add the Flood Program endorsement? Correct Answer: None! It has its own policy...