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Texas Adjuster Exam Questions & Answers 100% Verified

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Which of the following statements best describes an inland marine policy? - ANSWER-Pertains to Cargo with no fixed location Alex is traveling through College Station and hits a deer, and the damages are $1500. He has comprehensive coverage with a $500 deductible. What will you pay? - ANSWER-$1000 This department is responsible for making rates and determines the rates charged by the insurer - ANSWER-Actuarial department Johnny has 30/60/25 limits on his auto policy, and he negligently r...

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Property and Casualty Insurance Nevada State Law Supplement Exam Questions & Answers

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A characteristic unique to surplus lines insurance is that it - ANSWER-May be written with unauthorized insurers provided there are no authorized insurers selling that type of policy in Nevada The commissioner must examine authorized insurers at least one every - ANSWER-5 years Which of these insurance professionals investigates or settles claims for a fee or commission - ANSWER-Adjuster A producer offers a prospective buyer a trip to Jamaica in order the persuade him to buy a policy. I...

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RHODE ISLAND ADJUSTER EXAM QUESTION & ANSWERS 100% SOLVEDRHODE ISLAND ADJUSTER EXAM QUESTION & ANSWERS 100% SOLVED

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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...

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HAWAII PUBLIC ADJUSTER EXAM QUESTIONS & ANSWERS(GRADED A+)

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In a homeowners policy, Coverage D- Loss of Use will NOT cover: * Meals out when a home is damaged and not habitable * loss of rental income if a renter can't stay in the apartment until damages are repaired * hotel expenses when damage prevents the insured from living in the home * loss of rental income after damage to a rental unit has been fixed, but no new renter has been found - ANSWER-* loss of rental income after damage to a rental unit has been fixed, but no new renter has been foun...

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WV Adjuster Test Questions and Answers 100% Correct

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If an insurance company is fined (max $1000) by commissioner, how many days do they have to pay or appeal the fine? - ANSWER-30 Days Subrogation occurs when? - ANSWER-The insurer steps into the position of the insured and may collect from the responsible party for damages What is the purpose of excess insurance? - ANSWER-To provide additional liability coverage above and beyond that which is provided by the primary policy How is the value of personal property determined when using ACV? ...

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Health: General Lines 2-20 Florida Exam Questions With Accurate Answers

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How many optional clauses are available through the heath insurance company? - ANSWER-10 Cancellation Clause - ANSWER-Allows an insurance company to cancel mid-term. 20 Days notice Conditionally Renewable - ANSWER-Allows the insurer to not-renew a health insurance policy based on certain conditions. Policy must state those conditions. Optionally Renewable - ANSWER-Company may not cancel the policy mid term, but may elect to non-renew. Guaranteed Renewable - ANSWER-Requires an insurer...

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Statutes Exam Questions and Answers 100% Accurate

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Pg. 80 An adjuster is required to notify the Department of a change in address, telephone and email with ___days. - ANSWER-30 Pg. 82 Transaction of matters arising out of a contract of insurance is governed by Florida Statute ______? - ANSWER-624.10 Pg. 80 A public adjuster may represent a claimant in all of the following matters, EXCEPT: - ANSWER-Workers' compensation claim Pg. 82 5. A public adjuster is required to post a ___bond. - ANSWER-$50,000 Pg. 83 Adjuste...

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NC Claims Adjuster Exam Study Questions With Correct Answers

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Liability Insurance PAP (Part A) - ANSWER-Pays all the sums and insured must legally pay as damage due to BI/PD caused by an accident and resulting from the ownership, maintenance or use of a covered auto. Coverage Part A through F of a PAP - ANSWER-A. Liability B. Medical Payments C. UM/UIM D. Physical Damage E. Insured Duties F. General Provisions Certificate of Insurance (COI) - ANSWER-A document that proves the existence of insurance coverage Occurrence - ANSWER-Something that ...

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USAA P&C Insurance Adjuster Exam Questions and Answers 100% Accurate

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Hazard - ANSWER-Condition that create or increases the chance or loss or contributes to the loss Physical Hazard - ANSWER-Visible ( operational features of a risk) Moral Hazard - ANSWER-Intentional dishonesty or illegal actions of a person (arson) Morale Hazard - ANSWER-Carelessness or indifference ( attitude). Takes additional risks (negligence) Pure Risk - ANSWER-Chance of loss. Insurable Law of Large Numbers - ANSWER-Law of average. Helps predict future losses accurately (sets ...

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