Independent adjuster - Study guides, Class notes & Summaries

NY INDEPENDENT GENERAL ADJUSTER EXAM - SERIES 17-70 Questions and Correct Answers 2024 Dram Shop Liability refers to: - Answer -Liquor Law Liability. The insured has suffered a covered loss under his DP-3 dwelling form. He fails to protect the property from further loss. The additional loss that occurs as a result of his inactions may be denied because of what clause in the policy? - Answer -Neglect. To be eligible for the New York assigned risk auto plan a person must: - Answer -Hold a v...

Which of the following would NOT be found in the conditions section of a homeowners insurance policy? Subrogation rights Duties of the insured Insurance premium Mortgagee clause - correct answerThe insurance premium is not shown in the conditions section of the homeowner policy. Which of the following is true regarding dealers physical damage coverage under a garage policy? It is a blanket limit for covered autos. It extends coverage to customers' autos. It is an annual maximum...

NY INDEPENDENT ACCIDENT & HEALTH INSURANCE ADJUSTER EXAM SERIES 17-63

AUTO INDEPENDENT ADJUSTER CERTIFICATION EXAM QUESTIONS AND CORRECT DETAILED ANSWERS | EVERYTHING YOU NEED TO PASS with A+ EVRT - ANSWER-Early Vehicle Routing Tool EFT - ANSWER-Electronic Funds Transfer Competitive Bids - ANSWER-process requires that two or more repairers submit competitive estimates or "bids" for a specific repair job PCPs - ANSWER-Prevailing Competitive Prices

New York Independent Adjuster General Test Exam Questions with Verified Solutions

SC Property, Casualty, Surety, Marine Exam Questions and Answers 100% Answered!!Accumulated Depreciation - ANSWERSThe total decrease in an item's value over a period of time. Formula:(Annual Depreciation x Number ofyears used) 1-J Acreage Reporting Date - ANSWERSThe deadline for providing the insurer with an acreage report, which is used to determine the amount of coverage needed and the premium charged for a particular crop. 3-E Actual Cash Value (ACV) - ANSWERSA valuation method used by...

NYS 17-71 Independent Adjuster Exam Test Prep Questions with Verified Solutions

Dram Shop Liability refers to: - correct answerLiquor Law Liability. The insured has suffered a covered loss under his DP-3 dwelling form. He fails to protect the property from further loss. The additional loss that occurs as a result of his inactions may be denied because of what clause in the policy? - correct answerNeglect. To be eligible for the New York assigned risk auto plan a person must: - correct answerHold a valid driver's license. Any insurance adjuster whose license has be...

NYS 17-71 Independent Adjuster Exam Test Prep Questions with Verified SolutionsNYS 17-71 Independent Adjuster Exam Test Prep Questions with Verified Solutions

Insurance - Transfer of risk from one person or organization to an insurance company Indemnity - The principle to restore the insured to the pre-loss economic or financial condition. Law of Large numbers - Mathematical principle used by insurers to predict losses to charge the appropriate premiums Insurable Interest - Proof that someone stands to lose financially if a loss occurs; must exist at the time of the loss in property and casualty insurance Binder - Temporary insurance contr...