Liberalization - Study guides, Class notes & Summaries

6.20 All Lines Adjuster- Florida- Review of Quizzes with Complete Solutions 2024/2025 The deductible - Correct Answer The dollar amount that the insured pays before the insurer is required to pay the remainder of the loss is known as? Replacement cost - Correct Answer Which loss settlement provides new for old? the claims adjuster's role in the insurance industry includes - Correct Answer Give appropriate legal advice and write binding contracts following are examples of a peril - Cor...

FLORIDA 2-20 EXAM | 837 TEST BANK ACTUAL QUESTIONS AND ANSWERS 100% CORRECT | LATEST UPDATE 2024 {WELL ILLUSTRATED} 1.If someone would suffer economic loss from damage to their property, they have: A: a subrogation right B: a proximate cause C: an insurable interest D: a contingent claim C: an insurable interest 2. A convenience used to provide temporary insurance is called: A - Insurance B - binder C- property coverage D- liability coverage B - binder 3. The failure of ...

Florida Claims Adjuster Exam Questions 100% Verified Correct Answers 2024/2025 Insurance applies separately to each insured as if other insureds did not exist. - Correct Answer Severability Property insurance policies usually contain a(n) __________ clause, *stating the insured cannot dump damaged property on the insurer and demand its full value.* - Correct Answer Abandonment One wherein economic loss would be suffered from an adverse happening to the subject. - Correct Answer Insurable ...

NJ PROPERTY PRODUCER LATEST UPDATE GRADED A+ Declarations Section of an insurance policy containing the basic underwriting information such as the insured's name, address, amount of coverage and premiums, and a description of insured's location. Where is Declarations page found? Usually first page. Insuring Agreement Section of an insurance policy containing the insurer's promise to pay. What does the insuring agreement list? Insuring agreement lists the parties to the contra...

Florida Claims Adjuster Exam | 206 Questions with 100% Correct Answers | 33 Pages 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...

6-20 Claims Adjuster Questions and Answers Graded A+ The following are basic characteristics of a property or liability insurance contract, EXCEPT: A. Personal Contract B. Conditional Contract C. Loss Settlement Contract D. Contract of Adhesion - Answer ️️ -C. Loss Settlement Contract The Insurers responsibility to pay for a property loss may be conditioned on the insured having used reasonable means to avoid the loss, to protect the property against further loss, and to give the in...

1. Methods of risk management include: A. Transfer B. Sharing C. Avoidance D. All of the above. D. All of the above. 2. An insured has suffered a fire loss to his/her dwelling. This insured is which party to the claim? A. Third party B. First party C. Second party D. Loss payee B. First party 3. Mr. Jones, a pedestrian, was injured by Mr. Smith while driving his vehicle. Mr. Smith is insured by I Am Bogus Insurance Company. The insurance company would be which party to the claim? A. First part...

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 made by the insurer and it is up to the additional interests on working out ...

6-20 Claims Adjuster Questions and Answers Graded A+ The following are basic characteristics of a property or liability insurance contract, EXCEPT: A. Personal Contract B. Conditional Contract C. Loss Settlement Contract D. Contract of Adhesion - Answer ️️ -C. Loss Settlement Contract The Insurers responsibility to pay for a property loss may be conditioned on the insured having used reasonable means to avoid the loss, to protect the property against further loss, and to give the in...

Why did Starbucks fail? - Answer 1. Expanded too fast 2. Didn't market to Australian Cafe and Expresso Culture 3. Local Cafe > Chain 4. Coffee too sweet Globalization - Answer A process of broadening of interdependent relationships among people who are divided into national borders Reduction of Barriers - Answer Removal of blocks that inhibit the movement of goods, services, capital, technology, people International Business - Answer Any commercial transactions between 2 ...