Umpire definitions - Study guides, Class notes & Summaries

Florida 6-20 All Lines Adjuster Test 276 - Questions & Answers (RATED A+) BEST VERSION 2023 A public adjuster represents the interest of: A. The insurer B. The Insured C. The employer D. The interest of the general public 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 Report D. None of the above States have adopted statutes regarding claims adjusting. To avoid unfair treatment to a cl...

A public adjuster represents the interests of: A. The insurer B. The Insured C. The employer D. The interest of the general public - 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 Report D. None of the above - A. Field Report States have adopted statutes regarding claims adjusting. To avoid unfair treatment to a claimant the adjuster must not: A. Promptly inve...

that indicates the initial results of a claim investigation? A. Field Report B. Interim Report C. Full Report D. None of the above A. Field Report States have adopted statutes regarding claims adjusting. To avoid unfair treatment to a claimant the adjuster must not: A. Promptly investigate the claim. B. Follow the laws regarding the number of days in which to commence an investigation. C. Deny the claim until a fair and prompt investigation has commenced. D. Pay the claim within a reasonable num...

State Farm License Exam 2023/2024 When will the license expire? What should you do after? - It will be expired 2 years after the date of issue. - The agent must complete a 30 hours course every 2 years to renew expiring license. - A person who continuously having license for 20 years are exempt from continuing education requirements. Can you apply to renew late? - Yes, you have up to 90 days to send in a late renewal application. U will just have to pay a late fee. - After 90 days ...

Adjuster Pro - Florida Certified Adjuster Glossary 100% accurate answers Accumulated Depreciation The total decrease in an item's value over a period of time. Formula: (Annual Depreciation x Number of years used) Actual Cash Value (ACV) A valuation method used by insurers to reflect an item's current market value right before being damaged or destroyed. Formula: (Replacement cost - Accumulated Depreciation) Adhesion One of the characteristics of an insurance contract. Means t...

Law of Large Numbers - Answer- the more examples used to develop any statistic, the more reliable the statistic will be Underwriting - Answer- The process and insurance company uses to decide whether to except or reject an application for a policy insurance. underwriters evaluate the risk and exposure of a potential policyholders they decide how much coverage the policyholder should receive how much they should pay for it or whether even to except the risk and insure them. underwriting involv...

NEWYORK General Adjuster Midterm Exam 2024 Questions and Answers 12/1 - even numbered yrs. On what date does an adjuster's license need to be renewed? $1,000 What is the amount of bond that must be posted to obtain and adjuster's license? Not until hearing held When can the Superintendent of Insurance revoke an adjuster's license? A. anytime b. by sending a 30 day notice of the renovation c. not until a hearing is held d. When proof of offense has been received Example of unfair c...

Adjuster Pro - Florida Certified Adjuster Glossary| 260 QUESTIONS| 19 PAGES Adjuster Pro - Florida Certified Adjuster Glossary| 260 QUESTIONS| 19 PAGES Accumulated Depreciation Correct Answer: The total decrease in an item's value over a period of time. Formula: (Annual Depreciation x Number of years used) Actual Cash Value (ACV) Correct Answer: A valuation method used by insurers to reflect an item's current market value right before being damaged or destroyed. Formula: (Replacement c...

Insuring Agreement - Correct Answer-company's obligation to pay, includes the perils and coverage for specific or named peril policies Exclusions - Correct Answer-what the policy will not pay for Definitions - Correct Answer-names of the persons insured in addition to the named insured are listed here, along with any other (blank) of terms in the policy Additional Coverage - Correct Answer-coverages under a policy that are provided by the insurer at no extra cost Casualty Policies - Corr...

Florida 6-20 All Lines Adjuster Test 100% accurate answers ,latest 2023 A public adjuster represents the interest of: A. The insurer B. The Insured C. The employer D. The interest of the general public 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 Report D. None of the above A. Field Report States have adopted statutes regarding claims adjusting. To avoid ...