Mortgagee clause Study guides, Class notes & Summaries
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FLORIDA CLAIMS ADJUSTER EXAM 2024 WITH 100% CORRECT ANSWERS
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FLORIDA CLAIMS ADJUSTER EXAM 2024 WITH 100% CORRECT ANSWERS 
 
 
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 company will make a payment to: 
A. The first mortgagee, ABC 
B. The Insured 
C. Jointly to ABC and XYZ 
D. All listed interests - correct answer D. All listed interests 
Remember that the insurer is not responsible to know the degrees of interest. In the event of a loss, one paym...
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Florida Claims Adjuster Exam 2023 , 6-20 All Lines Adjuster- Florida- Review
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Florida Claims Adjuster Exam 2023 
 
1.	Peril: Something that causes a loss. 
 
2.	Hazard: Something that increases the probability that a loss will occur. 
 
 
 
 
3.	Warranty: A policy condition, either based on information in the i nsureds appli- cation or inserted by the insurer. It is a guarantee of a fact. 
 
4.	Misrepresentation: An untrue statement by the insured, made in an application for insurance but which does not become a part of the policy. 
 
 
 
5.	Concealment: Th...
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Florida Real Estate STATE exam Questions and Answers 100% Pass
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Florida Real Estate STATE exam Questions and Answers 100% Pass 
The best protection that the public has during a Real Estate transaction is (are) 
A. The national and state association of REALTORS 
B. The punishment of licensees dealing dishonesty 
C. the high ethical standards of real estate agents D. FREC and the license law D. FREC and the license law 
A group license 
A. allows a broker to have a branch office 
B. allows a sales associate to work for more than one broker 
C. may be held by a...
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AL Practice Exam – Adjusting 2023 with complete solution
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1.	1. The insured carries a BOP policy with protective systems such as a sprinkler system. If the system becomes inoperative, the insured must 
advise the insurance company of the problem within	if the system cannot be restored to working order: 48 hours Your Answer 
2.	2. Tina has two policies (Policy X and Policy Y) that cover the same risk on a pro rata basis. Policy X has a limit of $100,000 and Policy Y has a limit of 
$25,000. When Tina suffers a loss totaling $75,000, how will the two pol...
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Florida General Lines Agent Exam questions with 100% correct answers
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Florida General Lines Agent Exam 
questions with 100% correct answers 
What is the definition of a risk that is insurable? 
a.Risk is defined as a chance or the possibility of financial loss; only pure risks are 
insurable as there is no possibility of a gain 
b.A chance of a loss or gain 
c.A risk where there is a possibility of a gain 
d.A chance for insurance coverage - Correct Answer ️️ -a 
What is an insurance policy? 
a.A binder that offers initial insurance coverage 
b.An oral agreeme...
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LA Claims Adjuster Property and Causality Practice Exam 1 Questions and Answers 2024
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Insurable Interest - ______in the property and would suffer a financial loss if the property were damaged by an insured peril, their family members (names need not be listed in the policy), and others such as a lien holder, for example, the bank that holds the mortgage on a house. 
 
Cause of Loss Forms - ____establish and define the causes of loss (or perils) for which coverage is provided under the form. (Please do not confuse the "cause of loss" forms with the "proof of loss" form, which ...
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NJ PROPERTY PRODUCER LATEST UPDATE GRADED A+
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NJ PROPERTY PRODUCER LATEST 
 
UPDATE GRADED A+ 
 
Declarations Section of an insurance policy containing the basic underwriting information 
such as the insured's name, address, amount of coverage and premiums, and a description of 
insured's location. 
 
Where is Declarations page found? Usually first page. 
 
Insuring Agreement Section of an insurance policy containing the insurer's promise to pay. 
 
What does the insuring agreement list? Insuring agreement lists the parties to the contra...
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Property and Casualty Review 2024 Questions and Answers
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Property and Casualty Review 2024 
Questions and Answers 
A unique exclusion that is found only in the Fine Art Floater is: - Correct Answer ️️ -Art 
on Exhibition (Due to most frequent thefts during gallery showings) 
Which section of a Special form policy determines whether a peril is covered? - Correct 
Answer ️️ -Exclusions 
New zoning laws prevent an Insured from replacing a destroyed property. If the Insured 
transfers ownership of the property to the Insurer, this is an example of...
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Florida Claims Adjuster Exam Questions and Answers 100% Pass
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Florida Claims Adjuster Exam 
Questions and Answers 100% Pass 
The following are basic characteristics of a property or liability insurance contract, 
except: 
A. Personal Contract 
B. Conditional Contract 
C. Loss of Settlement Contract 
D. Contract of Adhesion -Answer-Loss of Settlement Contract 
The Insurer's responsibility to pay for a property loss may be conditioned on the insured 
having used reasonable means to avoid the loss, to protect the property against further 
loss, and to give t...
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Florida General Lines Agent Exam Questions And Answers
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Florida General Lines Agent Exam Questions And Answers 
 
 
What is the definition of a risk that is insurable? 
 
a.Risk is defined as a chance or the possibility of financial loss; only pure risks are insurable as there is no possibility of a gain 
b.A chance of a loss or gain 
c.A risk where there is a possibility of a gain 
d.A chance for insurance coverage - ANS a 
 
What is an insurance policy? 
 
a.A binder that offers initial insurance coverage 
b.An oral agreement related to insura...
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