Policy of estoppel - Study guides, Class notes & Summaries
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KENTUCKY ADJUSTER EXAM PREP EXAM QUESTIONS WITH COMPLETE VERIFIED ANSWERS LATEST UPDATES
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KENTUCKY ADJUSTER EXAM PREP EXAM QUESTIONS WITH COMPLETE VERIFIED ANSWERS LATEST UPDATES 
Insurance 
Transfers risk of financial losses from one party to another 
Insured 
Individual or organization that pays premiums in exchange for protection 
Insurer 
Company, group, or government agency offering financial protection 
Insurance policy 
A legally binding contract in which the insurer agrees to take on specified risks in exchange for the insured's premium. 
Principle of indemnity 
Restoration t...
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Law 3220 Exam 4 Clemson Latest Update Graded A
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Law 3220 Exam 4 Clemson Latest Update Graded A Agency An agency is created when a person or company (an agent) agrees to act for or in place of another person or company (the principal) 
Parties in an Agency -The principal creates authority in an agent -The agent receives authority and carries out the principal's instructions -Third parties make contract or are involved in torts with the agents 
Disclosed Principal Identity of principal is known by the third party at time of making of contract w...
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Texas Property & Casualty Insurance, Insurance (100% accurate answers)
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An Insurance company is the_____. correct answers Principle 
 
An insurance company issued a homeowners policy that included ambiguous language regarding how a loss was settled. The insured sued the insurance company and won. The judge stated that due to the ambiguous language in the contract the decision must be made in favor of the insured. The judge was basing this decision on which of the following types of insurance contract? correct answers Contract of adhesion 
 
The _____ page in an insu...
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XCEL SOLUTIONS: Georgia Life-Only Pre-Licensing Questions and Answers 100% Pass
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XCEL SOLUTIONS: Georgia Life-Only Pre-Licensing 
Questions and Answers 100% Pass 
When a policy pays dividends to its policyholders, it is said to be 
-profitable 
-mutual 
-nonparticipating 
-participating - Correct Answer ️️ --Participating 
A participating policy is one in which insurance policies pay out dividends to the 
policyholders. 
A nonprofit incorporated society that does not have capital stock and operates for the 
sole benefit of its members is known as: 
-a fraternal benefit s...
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Florida Health 240 Insurance with 100% correct answers
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Rules of Construction 
Help to identify and establish the intent of the parties to the contract 
 
 
 
Utmost good faith 
Each party is entitled to rely on the representation of the other, and each party should have a reasonable expectation that the other is acting in good faith without attempts to conceal or deceive. 
 
 
 
Aleatory Contract 
A contract under which one party's performance is contingent on an uncertain event. 
 
 
 
property and casualty agent 
has the power to bind the insurer...
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Florida 6-20 All Lines Adjuster Test Question and answers 2023 verified
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Florida 6-20 All Lines Adjuster Test Question and answers 2023 verified 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 u...
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NEW HAMPSHIRE ADJUSTER EXAM PREP: SERIES 12-75 QUESTIONS WITH CORRECT UPDATED ANSWERS GRADED A++
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NEW HAMPSHIRE ADJUSTER EXAM PREP: SERIES 12-75 QUESTIONS WITH CORRECT UPDATED ANSWERS GRADED A++ 
 
 
Which of the following best defines "insured"? 
 
A. Transfer of the risk of financial loss from one party to another 
B. A legally binding contract in which the insurance company agrees to pay for specified losses in exchange for premiums 
C. An individual or organization that pays premiums in exchange for financial protection 
D. A company, group, or government agency offering financial prot...
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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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Florida 6-20 All Lines Adjuster Test 2023 with Complete Questions and Answers 100% Correct
- Exam (elaborations) • 47 pages • 2023
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Florida 6-20 All Lines Adjuster Test 2023 with Complete Questions and Answers 100% CorrectFlorida 6-20 All Lines Adjuster Test 2023 with Complete Questions and Answers 100% CorrectA public adjuster represents the interest of: 
A. The insurer 
B. The Insured 
C. The employer 
D. The interest of the general public - 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 Report 
...
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TEST FOR ADJUSTER PRO, FLORIDA STUDY(QUESTIONS AND ANSWERS)A+ GRADED EXAM 2023-2024
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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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Kentucky Life Insurance Exam Questions With All Correct Answers
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Kentucky Life Insurance Exam Questions With All Correct Answers 
 
Elements of a Contract - CORRECT ANSWERS Competent parties, legal purpose, offer and acceptance, consideration 
Waiver - CORRECT ANSWERS Voluntary giving up of a known right or privilege, can be express or implied 
Estoppel - CORRECT ANSWERS A person is prohibited by virtue of his own past actions from claiming a right that would work to the detriment of another who relied on the...
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