Oklahoma adjuster - Study guides, Class notes & Summaries

Underwriter - ANSWERSA person who selects risk for the insurer is Appointed by the gov - ANSWERSall of the following are true regarding the Oklahoma Insurance Commissioner EXCEPT Issued as often as necessary - ANSWERSRegarding the Oklahoma Insurance Department promulgating Rules and Regulations, which of the following is true? Glen Mulready - ANSWERSwho is the Oklahoma Insurance commissioner Receive new business from an eligible surplus lines broker - ANSWERSXYX insurance company is ...

Underwriter - ANSWERSA person who selects risk for the insurer is Appointed by the gov - ANSWERSall of the following are true regarding the Oklahoma Insurance Commissioner EXCEPT Issued as often as necessary - ANSWERSRegarding the Oklahoma Insurance Department promulgating Rules and Regulations, which of the following is true? Glen Mulready - ANSWERSwho is the Oklahoma Insurance commissioner Receive new business from an eligible surplus lines broker - ANSWERSXYX insurance company is ...

Underwriter - ANSWERSA person who selects risk for the insurer is Appointed by the gov - ANSWERSall of the following are true regarding the Oklahoma Insurance Commissioner EXCEPT Issued as often as necessary - ANSWERSRegarding the Oklahoma Insurance Department promulgating Rules and Regulations, which of the following is true? Glen Mulready - ANSWERSwho is the Oklahoma Insurance commissioner

OKLAHOMA ADJUSTER EXAM 2 QUESTIONS AND CORRECT ANSWERS VERIFIED LATEST GRADE A +

the commissioner must examine every domestic insurer and every foreign insurer at least one every ______ years - ANSWER-5 years maximum penalty for acting on a revoked, suspend license is $______ and up to five years in jail - ANSWER-$5,000 written proof of loss must be sent to insurer within ______ days of loss - ANSWER-60 days insurer must respond by settling or rejecting claim within ______ days after receiving notice from insured - ANSWER-60 Days records must be retained for at l...

Adjuster Pro Oklahoma Practice Exam Questions And Answers Public adjuster A fiduciary agent of behalf of the claimant Insured An individual or organization that pays premiums in exchange for financial protection Principle of indemnity Prevents an insured from making a profit Policy recission Public adjuster Hired by the claimant and paid commission

Oklahoma Insurance Adjuster Exam Prep Questions and Answers (Graded A) Oklahoma Insurance Adjuster Exam Prep Questions and Answers (Graded A) Oklahoma Insurance Adjuster Exam Prep Questions and Answers (Graded A) Insurance - ANSWER-Transfers risk from one party to another. pool or reserve - ANSWER-collected premiums to cover losses/claims Indemnity - ANSWER-restoration to previous financial condition Four essential elements of a contract - ANSWER-agreement, consideration, com...

ADJUSTER PRO OKLAHOMA PRACTICE EXAM 2024 ACTUAL QUESTIONS WITH CORRECT VERIFIED ANSWERS UPDATED AND GRADED A++ The source of the adjusters authority In the context of insurance adjusting, who is the principal? Coverage is not negotiable When Nancy is pulling into her driveway, she accidentally hit the gas and plowed through her front wall. She tries to negotiate the claim with the adjuster, why is this not possible? True True or false: assuring a claimant a policy is covered without dete...

Alabama adjuster exam pt 2 Exam Questions and Answers (verified answers) 739 Questions 2024/2025 RATED A+Define: Claimant - CORRECT ANSWERS A person or entity that requests indemnification for losses under the terms of an insurance policy Define: Adjuster - CORRECT ANSWERS Person who investigates, evaluates, and negotiates claims arising under insurance contracts Define: Adjusting - CORRECT ANSWERS The process of comparing a claimant's losses to the promises made in an insurance policy ...