Suretrust insurance Study guides, Class notes & Summaries

Texas Adjuster Pro Test 2023 Questions and Answers(Verified Answers) All of the following pieces of information can be found in the conditions section of an insurance policy EXCEPT: Causes of loss that are not covered Which of the following best defines the principle of indemnity? After a loss, the insured should be restored to his approximate financial condition before the loss SureTrust Insurance was founded and operates in Texas. In Texas, Suretrust is considered a domestic insurer W...

The purpose of the principle of indemnity is - Answer- to prevent an insured from making a profit on a loss. Jerrod is awarded $4000 in a court case after Ollie accidentally starts a fire and burns down his detached garage. This award is an example of - Answer- special damages Which of the following best describes a Fraternal Benefit Society - Answer- A fraternal benefit society is a social organization based around common interests and beliefs. SureTrust Insurance was founded and opera...

Texas Adjuster Pro Test 2023 Questions and Answers(Verified Answers) All of the following pieces of information can be found in the conditions section of an insurance policy EXCEPT: Causes of loss that are not covered Which of the following best defines the principle of indemnity? After a loss, the insured should be restored to his approximate financial condition before the loss SureTrust Insurance was founded and operates in Texas. In Texas, Suretrust is considered a domestic insurer W...

The fee paid by the insured in exchange for an insurance policy is called a: premium. Bobby just purchased an insurance policy for his home from XYZ Insurance. Which of the following would be a reason this policy may not be legally binding? A. Bobby is only 19 years old. B. Bobby paid his first premium when he and his agent agreed on a policy, but he is waiting for the policy documents to be prepared so he can sign them. C. Bobby has an outstanding warrant for selling marijuana. D. B...

ADJUSTER PRO TEXAS STUDY EXAM GUIDE All of the following pieces of information can be found in the conditions section of an insurance policy EXCEPT: - CORRECT ANSWER-Causes of loss that are not covered Which of the following best defines the principle of indemnity? - CORRECT ANSWERAfter a loss, the insured should be restored to his approximate financial condition before the loss SureTrust Insurance was founded and operates in Texas. In Texas, Suretrust is considered - CORRECT ANSWER...