Bundle for Adjuster Exams Compilation $40.95 Add To Cart
25 Items
What coverage does Community Eligibility apply to? Correct Answer: Flood insurance through FEMA What's the difference between Emergency Program and Reg... [Show More]
Consequential also known as Indirect Loss Correct Answer: An insured's business is damaged because of a fire and he is forced to close business temporaril... [Show More]
Law of Large Numbers Correct Answer: the more examples used to develop any statistic, the more reliable the statistic will be Underwriting Correct Answ... [Show More]
Accident Correct Answer: Sudden, unexpected events that cause property damage or bodily injury. Actual Damages Correct Answer: Damages that have a spe... [Show More]
All of the following are exempted from the requirement of an adjuster's license examination except: A. Those persons holding CPCU designation; B. those per... [Show More]
Subrogate Subrogation is the right for an insurer to legally pursue a third party that caused an insurance loss to the insured. This is done as a means of ... [Show More]
In GA, _____insurance cannot be written by a reciprocal type insurer. - ✔✔life No insurer or licensee doing business in Georgia may pay any commissions... [Show More]
All of the following are criteria for an accident to have occurred "in the course of" the employment under a workers' compensation policy, EXCEPT: - ✔✔... [Show More]
What is the primary difference between a staff adjuster and an independent adjuster? Correct Answer: A staff adjuster works for an insurance company and a... [Show More]
PERILS Correct Answer: A CAUSE OF PROPERTY LOSSES UNDER AN INSURANCE CONTRACT EX: WINDSTORM, HURRICANE, EXPLOSION, COLLAPSE OF BUILDING, VANDALISM, ACCIDE... [Show More]
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... [Show More]
All of the following describe insurable interest EXCEPT: • It must exist at the time of the loss • It must exist for insurance to respond • Shows ... [Show More]
Which kind of losses are covered under a standard fire policy? Correct Answer: Direct All fires are not covered by the Standard Fire policies, only tho... [Show More]
An adjuster is a fiduciary agent with a responsibility of loyalty to the interest of Correct Answer: The insured and insurer An insurer gives which of ... [Show More]
Actual Cash Value (ACV) Correct Answer: Cost to replace property with new property of like kind and quality less depreciation. Combined Single Limit Co... [Show More]
What is an eligible building for flood insurance? Correct Answer: A structure with 2 or more outside rigid walls and a fully secure roof, built on a perma... [Show More]
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... [Show More]
What is insurance? Correct Answer: protection against financial loss what is a premium Correct Answer: a scheduled amount to be paid for an insurance ... [Show More]
Those who are eligible for coverage under the Florida Automobile Joint Underwriting Association are? Correct Answer: Military Personnel A non-resident o... [Show More]
Which of the following is NOT one of the four critical elements of a contract? (A) A mutual understanding and agreement with the terms of the contract. ... [Show More]
The insurer and insured agree to a specific value of insured item Correct Answer: Agreed Value Policies Someone who has care, custody or control of ano... [Show More]
Florida No-Fault Tort Exemption Correct Answer: Those who comply with the law are granted limited immunity from suits of others through PIP coverage. 4... [Show More]
A claim in the property/casualty industry Is defined as: Correct Answer: an assertion of an alleged legal right against a person, entity, company or insur... [Show More]
Peril Correct Answer: Something that causes a loss. Hazard Correct Answer: Something that increases the probability that a loss will occur. Warrant... [Show More]
Frank owned a home that was destroyed by a hurricane. Both ABC and XYZ Banks were listed as additional interests on his homeowner policy. The insurance com... [Show More]
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