Peril the cause of loss - Study guides, Class notes & Summaries
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Louisiana Life, Health, and Accident Insurance Licensing Exam questions and 100% correct answers
- Exam (elaborations) • 27 pages • 2023
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Insurance - correct answer the transfer of Pure risk to the insurance company in consideration for a premium 
 
must be pure risk and calculable. 
 
Pure Risk - correct answer the chance of loss without any chance of gain; insurable 
 
Speculative Risk - correct answer possibility for gain or loss; not insurable 
 
Risk - correct answer Chance of loss 
 
Exposure - correct answer a condition that could result in loss 
 
hazard - correct answer something that increases the chance of loss 
 ...
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New York State Auto Damage and Theft questions 17-71| Correct Answers| Verified
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Jim Smith is involved in a collision claim and is no longer able to use the vehicle to go to work. This "loss of use" is referred to as a: 
 
Direct loss 
Indirect loss 
Loss evaluation 
Consequential loss - ANSWERSConsequential loss 
 
When the rear of the vehicle is damaged and there is a gap between the trunk lid and the quarter panel, what else on the vehicle should the appraiser check? 
 
The center pillar 
The trunk floor 
The quarter panels 
The frame rails - ANSWERSThe frame rail...
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Alabama Property and Casualty Exam 2022/2023 with 100% correct answers
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If a company cancels an auto policy mid term, the refund will be made on 
 
a. pro rata basis 
b. short rate basis 
c. retroactive basis 
d. coinsurance basis 
Pro Rata Basis 
 
 
 
What is the term used to describe terminating the insurance relationship at the end of the policy period ? 
a. cancellation 
b. nonrenewal 
c. separation 
d. exclusion 
Nonrenewal 
 
 
 
Which is the best example of an indirect loss ? 
 
a. sequential loss 
b. liability loss 
c. employee theft 
d. loss of use 
Loss o...
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Alabama AdjusterPro Exam for P&C with WC and Crop (2023)
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Alabama AdjusterPro Exam for P&C with WC and Crop (2023) 
 
 
 Alabama AdjusterPro Exam for P&C with WC and Crop (2023) 
1: Incorrect	Indemnification may include all of the following except: 
		reimbursement for hotel costs. 
		 
		reimbursement for rental car costs. 
		 
	Answer Given	payment for repairs to property. 
		 
Actual 
Answer		payment for pain and suffering. 
		 
2: Correct	What is a reserve, in insurance terms? 
		The amount of revenue that the insurer sets aside to pay employee s...
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WebCE Exam Questions with correct Answers
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Indirect Loss - Answer- A secondary loss that follows from a direct loss to insured property from a covered peril. 
Ex. Hotel expenses incurred by the insured while a fire-damaged home is repaired is an indirect loss that follows the direct loss of the home. 
 
Exclusive Agency System - Answer- An insurance distribution system in which producers (agents) represent a single company. 
Ex. In the exclusive agency system, insurers use independent contractors (exclusive agents) that represent only on...
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Iowa Crop Insurance Exam All Answers Correct
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Iowa Crop Insurance Exam All Answers Correct 
Insurable Interest 
Economic stake in which a loss would result in financial hardship 
Risk 
uncertainly or chance of loss 
Brainpower 
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Two types of risk 
Pure and Speculative 
Pure Risk 
involves only the possibility of loss or no loss 
Speculative Risk 
Chance of loss or gain 
What type if risk does insurance deal with? 
Pure Risk 
Hazard 
condition that creates or increases the probability of a loss 
Physical hazard exa...
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Florida 6-20 All Lines Adjuster Test| 276 questions| 50 Pages| With Complete Solutions
- Exam (elaborations) • 52 pages • 2023
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Florida 6-20 All Lines Adjuster Test| 276 questions| 
50 Pages| With Complete Solutions 
Florida 6-20 All Lines Adjuster Test| 276 questions| 
50 Pages| With Complete Solutions 
A public adjuster represents the interest of: 
A. The insurer 
B. The Insured 
C. The employer 
D. The interest of the general public - Correct Answer -B. The insured 
Which of the following is the type of report that indicates the initial results of 
a claim investigation? 
A. Field Report 
B. Interim Report 
C. Full Re...
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New York State Auto Damage and Theft quiz 17-71 with correct answers
- Exam (elaborations) • 50 pages • 2023
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Jim Smith is involved in a collision claim and is no longer able to use the vehicle to go to work. This "loss of use" is referred to as a: 
 
Direct loss 
Indirect loss 
Loss evaluation 
Consequential loss 
Consequential loss 
 
 
 
When the rear of the vehicle is damaged and there is a gap between the trunk lid and the quarter panel, what else on the vehicle should the appraiser check? 
 
The center pillar 
The trunk floor 
The quarter panels 
The frame rails 
The frame rails 
 
 
 
In auto p...
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ACA Final Exam Questions and Answers 2023
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ACA Final Exam Questions and Answers 2023 
At the end of this course, you must do which of the following? 
 
Pass the final course exam with a scored of 70% or higher 
 
Print your certificate from this website 
 
Apply for your Insurance Adjuster license at the Florida Department of Financial Services website at 
 
All of the above 
All of the above 
 
 
 
Which of the following is NOT one of the duties of the Department of Financial Services? 
 
License adjusters 
Set rates and write policies ...
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ADJUSTER PRO - INSURANCE ADJUSTER TEST(QUESTIONS AND REVIEWED ANSWERS) 2023-2024
- Exam (elaborations) • 14 pages • 2023
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ADJUSTER PRO - INSURANCE 
ADJUSTER TEST(QUESTIONS AND 
REVIEWED ANSWERS) 2023-2024 
What is insurance? - CORRECT ANSWER-protection against financial loss 
what is a premium - CORRECT ANSWER-a scheduled amount to be paid for an 
insurance policy. 
What are premiums used for - CORRECT ANSWER-premiums are collected into a 
"pool" or "reserve to pay out claimants when needed. 
how can insurance companies afford to pay for an individuals catastrophic loss? - 
CORRECT ANSWER-the insurer collect...
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