Oklahoma adjuster license - Study guides, Class notes & Summaries

An insurer must appoint a producer within how many days after accepting business from that producer? - ANSWER-15 days The Commissioner must examine the affairs of all domestic insurance companies every... - ANSWER-5 years What is the penalty for engaging in an unfair method of competition? - ANSWER-Cease and desist order HO policy renewal notices must be mailed at least how many days prior to policy expiration? - ANSWER-30 days Can an insurer take adverse action based on credit infor...

Claims Adjuster Exam 1 Questions and Answers Graded A+ Actual Cash Value (ACV) Cost to replace property with new property of like kind and quality less depreciation. Combined Single Limit One limit per occurrence is what we pay up to Split limit What we pay up to per person and per occurrence Deductible What the customer will have to pay; we cover everything else Declarations Page (Dec Page) The basic information about a policy: Who - names of insurer and insur...

Actual Cash Value (ACV) - Correct answer-Cost to replace property with new property of like kind and quality less depreciation. Combined Single Limit - Correct answer-One limit per occurrence is what we pay up to Split limit - Correct answer-What we pay up to per person and per occurrence Deductible - Correct answer-What the customer will have to pay; we cover everything else Declarations Page (Dec Page) - Correct answer-The basic information about a policy: Who - names of insurer and ins...