N.C. Claims Adjuster Exam: NC Claims Adjuster Exam : Insur... - $17.45 Add To Cart
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Law of Large Numbers (Ans- the more examples used to develop any statistic, the more reliable the statistic will be Underwriting (Ans- The process a... [Show More]
The amount the insured must pay in a loss before any payment is due is known as? (Ans- Deductible What is a partial legal defense that reduces the amo... [Show More]
The insured has filed a claim under the "Business Income Department Properties - Broad Form" because the primary buyer of products and services from the bu... [Show More]
Peril (Ans- Something that causes a loss. Hazard (Ans- Something that increases the probability that a loss will occur. Warranty (Ans- A policy... [Show More]
Accumulated Depreciation (Ans- The total decrease in an item's value over a period of time. Formula: (Annual Depreciation x Number of years used) Acre... [Show More]
What is insurance? (Ans- protection against financial loss what is a premium (Ans- a scheduled amount to be paid for an insurance policy. What ar... [Show More]
Accumulated Depreciation (Ans- The total decrease in an item's value over a period of time. Formula: (Annual Depreciation x Number of years used) Actu... [Show More]
If an automobile policy has split limits of 30/60/25. What is the maximum amount of liability coverage that would be paid in a covered loss where three peo... [Show More]
Which kind of losses are covered under a standard fire policy? (Ans- Direct All fires are not covered by the Standard Fire policies, only those that: ... [Show More]
Lender Interest Provisions (Ans- Protects lender interest by allowing the lender certain rights in the policy. Coinsurance Penalty (Ans- A property ... [Show More]
Liability Insurance PAP (Part A) (Ans- Pays all the sums and insured must legally pay as damage due to BI/PD caused by an accident and resulting from the... [Show More]
Manny is purchasing a Commercial Property policy with a Business Income form included. Manny can select from any of the following as a method to provide co... [Show More]
Inception/Expiration Date (Ans- an insurance policy covers the insured starting at 12:01am on the day on which coverage begins and expires at 12:01am on ... [Show More]
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