Adjuster pro terms Study guides, Class notes & Summaries
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Adjuster Pro Texas with Complete Questions and Answers 100% Verified
- Exam (elaborations) • 30 pages • 2023
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Adjuster Pro Texas with Complete Questions and Answers 100% VerifiedAdjuster Pro Texas with Complete Questions and Answers 100% VerifiedAdjuster Pro Texas with Complete Questions and Answers 100% VerifiedAdjuster Pro Texas with Complete Questions and Answers 100% Verified 
All of the following pieces of information can be found in the conditions section of an insurance policy EXCEPT: - ANSWER-Causes of loss that are not covered 
 
Which of the following best defines the principle of indemnity? -...
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ADJUSTER PRO TERMS QUESTIONS WITH COMPLETE SOLUTIONS UPDATED.
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ADJUSTER PRO TERMS QUESTIONS WITH COMPLETE SOLUTIONS UPDATED. 
 
 
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 that one party (th...
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ADJUSTER PRO TERMS QUESTIONS WITH COMPLETE SOLUTIONS UPDATED.
- Exam (elaborations) • 34 pages • 2024
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ADJUSTER PRO TERMS QUESTIONS WITH COMPLETE SOLUTIONS UPDATED. 
 
 
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 that one party (th...
-
Adjuster Pro - Insurance adjuster test latest 2023 already passed
- Exam (elaborations) • 31 pages • 2023
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Adjuster Pro - Insurance adjuster test latest 2023 already passed What is insurance? protection against financial loss 
what is a premium a scheduled amount to be paid for an insurance policy. 
What are premiums used for 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? the insurer collects premiums from all policy holders and uses them to pay out the claims of a few. 
what is Ind...
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TEST FOR ADJUSTER PRO, FLORIDA STUDY(QUESTIONS AND ANSWERS)A+ GRADED EXAM 2023-2024
- Exam (elaborations) • 98 pages • 2023
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TEST FOR ADJUSTER PRO, FLORIDA 
STUDY(QUESTIONS AND ANSWERS)A+ 
GRADED EXAM 2023-2024 
- CORRECT ANSWER-Subtract the deductible from covered damages to get 
indemnification 
- CORRECT ANSWER-6 unique characteristics of insurance policy 
1 Contracts of adhesion (court ez win) 
2 Utmost good faith 
3 aleatory 
4 personal 
5 Unilateral (only insurer has obligation) 
6 Conditional 
- CORRECT ANSWER-1945 regulate insurance 
Naic doesn't give benefits to comissioners 
90 day to pay 
hijacking on...
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ADJUSTER PRO TERMS Questions and Answers 2023
- Exam (elaborations) • 24 pages • 2023
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ADJUSTER PRO TERMS Questions and Answers 2023 
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 that one party (the insure...
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BUNDLED ADJUSTER PRO TERMS QUESTIONS WITH COMPLETE SOLUTIONS UPDATED
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BUNDLED ADJUSTER PRO TERMS QUESTIONS WITH COMPLETE SOLUTIONS UPDATED
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Adjuster Pro - Florida Certified Adjuster Glossary Exam Prep 2023.
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Adjuster Pro - Florida Certified Adjuster Glossary Exam Prep 2023. 
Accumulated Depreciation - 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) - ANSWER 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 - ANSWER One of the characteristics of an insurance contrac...
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ADJUSTER PRO TERMS WITH CORRECT DEFINATIONS
- Exam (elaborations) • 36 pages • 2023
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ADJUSTER PRO TERMS WITH CORRECT DEFINATIONS ...
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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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