Claims adju - Study guides, Class notes & Summaries

Florida Claims Adjuster Exam Questions with Correct Answers 1 / 36 1. 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 ma...

Florida Claims Adjuster Exam Review Rated A+ Guaranteed Success 2023!!! (332Qs)

Florida Claims Adjuster Exam questions and answers (206 Questions)

An adjuster is a fiduciary agent with a responsibility of loyalty to the interest of The insured and insurer An insurer gives which of the following as Consideration for an insurance policy? A Promise The interest of the insured and all other persons in the property involved in a claim is found in A Proof of Loss An insured rear-ends another driver's vehicle. The auto policy that pays damages to repair the damaged vehicle is a _______? Liability Policy Your ins...

CLAIMS ADJUSTER EXAM 2024 Insurance - correct answer -an economic device used to protect against extreme unforeseen loss - the transfer of risk from one party to another Premium - correct answer -the fee paid by the insured in exchange for insurance Principle of Indemnity - correct answer -the insurer should be restored to where they were before the incident -no profit can be made Idemnification - correct answer -to compensate for loss or damage; to provide security for financ...

Florida Certified Claims Adjuster License 2024 Rated & Graded A+ Florida Certified Claims Adjuster License 2024 Rated & Graded A+ Florida Certified Claims Adjuster License 2024 Rated & Graded A+

FLORIDA CLAIMS ADJUSTER EXAM 6 20 ALL LINES ADJUSTER- FLORIDA REVIEW FLORIDA CLAIMS ADJUSTER EXAM 6 20 ALL LINES ADJUSTER- FLORIDA REVIEW FLORIDA CLAIMS ADJUSTER EXAM 6 20 ALL LINES ADJUSTER- FLORIDA REVIEW FLORIDA CLAIMS ADJUSTER EXAM 6 20 ALL LINES ADJUSTER- FLORIDA REVIEW

Severability correct answers Insurance applies separately to each insured as if other insureds did not exist. Abandonment correct answers Property insurance policies usually contain a(n) __________ clause, *stating the insured cannot dump damaged property on the insurer and demand its full value.* Insurable Interest correct answers One wherein economic loss would be suffered from an adverse happening to the subject. Liberalization correct answers States that if the insurer adopts a revi...

FLORIDA CLAIMS ADJUSTER EXAM 2024 WITH 100% CORRECT ANSWERS 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 a loss, one paym...

FLORIDA CLAIMS ADJUSTER EXAM 2024 WITH 100% ACCURATE SOLUTIONS 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 a loss, one pa...