RHODE ISLAND ADJUSTER Study guides, Class notes & Summaries

AT WHAT TIME IS THE POLICY EFFECTIVE? - ANSWER-12:01 AM WHAT IS THE MAIN DIFFERENCE BETWEEN A NON-WAIVER AGREEMENT AND A ROR? - ANSWER--NON-WAIVER IS SIGNED BY THE INSURED AND INSURER -ROR IS A LETTER IF AN INSURED IS COVERED BY 2 POLICIES ON ONE LOSS AND THE INS. COMPANIES SETTLE IT, WHAT CLAUSE WOULD THIS BE UNDER? - ANSWER-OTHER INSURANCE CLAUSE WHEN AN INSURED REQUESTS STATUS UPDATE, HOW MANY DAYS DOES THE ADJ HAVE TO NOTIFY THEM IN WRITING THAT STILL INVEST.? - ANSWER-10 DAYS I...

RHODE ISLAND ADJUSTER EXAM HOW MANY DAYS DOES THE INSURER HAVE TO SEND OUT FORMS WHEN NOTIFIED OF AN INCIDENT? - 10 DAYS AT WHAT TIME IS THE POLICY EFFECTIVE? - 12:01 AM WHAT IS THE MAIN DIFFERENCE BETWEEN A NON-WAIVER AGREEMENT AND A ROR? - -NON-WAIVER IS SIGNED BY THE INSURED AND INSURER -ROR IS A LETTER IF AN INSURED IS COVERED BY 2 POLICIES ON ONE LOSS AND THE INS. COMPANIES SETTLE IT, WHAT CLAUSE WOULD THIS BE UNDER? - OTHER INSURANCE CLAUSE WHEN AN INSURED REQUESTS STAT...

Rhode Island Adjuster's Exam Questions and Answers Graded A+ How many days does the insurer have to send out forms when notified of accident? ten days At what time is the policy effective? 12:01 am What are the financial responsibility limits in Rhode Island? 25/50/25 By virtue of payment, the insurance company assumes the rights of the insured to pursue the responsible party for damages only to the extent of the insurance company's payment, and as a service, the insurance company will...

Rhode Island Adjuster Practice Exam Questions and Answers Rated A+ Which of the following phrases BEST defines a hazard? A. The uncertainty of a loss B. The cause of a loss C. An unexpected loss D. A condition that increases the chance of a loss D A family takes their 50-horsepower outboard motor boat to the lake on a trailer towed behind their personal auto. The pleasure boat is appropriately covered for physical damage under which of the following policies? A. Dwelling B. Homeowners...

Rhode Island Adjuster Exam Spring Questions and Answers Graded A+ how many days does the insurer have to send out forms when notified of an incident? 10 days at what time is the policy effective? 12:01 am what is the main difference between a non-waiver agreement and a ror? -non-waiver is signed by the insured and insurer -ror is a letter if an insured is covered by 2 policies on one loss and the ins. companies settle it, what clause would this be under? other insurance clause when an ...

Which of the following phrases BEST defines a hazard? A. The uncertainty of a loss B. The cause of a loss C. An unexpected loss D. A condition that increases the chance of a loss - D A family takes their 50-horsepower outboard motor boat to the lake on a trailer towed behind their personal auto. The pleasure boat is appropriately covered for physical damage under which of the following policies? A. Dwelling B. Homeowners C. Boat owners D. Yacht - C Which of the following perils is co...

Which of the following phrases BEST defines a hazard? A. The uncertainty of a loss B. The cause of a loss C. An unexpected loss D. A condition that increases the chance of a loss D A family takes their 50-horsepower outboard motor boat to the lake on a trailer towed behind their personal auto. The pleasure boat is appropriately covered for physical damage under which of the following policies? A. Dwelling B. Homeowners C. Boat owners D. Yacht C Which of the following perils is covere...

how many days does the insurer have to send out forms when notified of an incident? 10 days at what time is the policy effective? 12:01 am what is the main difference between a non-waiver agreement and a ror? -non-waiver is signed by the insured and insurer -ror is a letter if an insured is covered by 2 policies on one loss and the ins. companies settle it, what clause would this be under? other insurance clause

Which of the following phrases BEST defines a hazard? A. The uncertainty of a loss B. The cause of a loss C. An unexpected loss D. A condition that increases the chance of a loss D A family takes their 50-horsepower outboard motor boat to the lake on a trailer towed behind their personal auto. The pleasure boat is appropriately covered for physical damage under which of the following policies? A. Dwelling B. Homeowners C. Boat owners D. Yacht C Which of the following perils is covere...