Claims adjuster florida Study guides, Class notes & Summaries

Claims Adjuster Florida Exam (230 Questions with Correct Answers) Graded A+

For purposes of insurance, a "loss" is best defined as: an unwelcomed, unplanned reduction in economic value An automatic sprinkler system in a hotel building is a risk reduction measure because it: reduces the amount of damage that a fire is likely to do Insuring a new restaurant against business failure is not possible because business success or failure is: a speculative risk Which of the following is an example of pure risk? the possibility of a business being flooded Zenith In...

Claims Adjuster Florida Exam (230 Questions with Correct Answers) Graded A+

Florida Claims Adjuster Exam Review Rated A+ Guaranteed Success 2023!!! (332Qs)

Florida 6-20 All Lines Adjuster Test| 276 questions| 50 Pages| With Complete Solutions A public adjuster represents the interest of: A. The insurer B. The Insured C. The employer D. The interest of the general public - Correct Answer -B. The insured Which of the following is the type of report that indicates the initial results of a claim investigation? A. Field Report B. Interim Report C. Full Report D. None of the above - Correct Answer -A. Field Report States have adopted statute...

Peril Correct Answer: Something that causes a loss. Hazard Correct Answer: Something that increases the probability that a loss will occur. Warranty Correct Answer: A policy condition, either based on information in the insureds application or inserted by the insurer. It is a guarantee of a fact. Misrepresentation Correct Answer: An untrue statement by the insured, made in an application for insurance but which does not become a part of the policy. Concealment Correct Answer: Th...

Claims Adjuster Florida Questions And Answers(A+ GRADED) For purposes of insurance, a "loss" is best defined as: - ANSWER an unwelcomed, unplanned reduction in economic value An automatic sprinkler system in a hotel building is a risk reduction measure because it: - ANSWER reduces the amount of damage that a fire is likely to do Insuring a new restaurant against business failure is not possible because business success or failure is: - ANSWER ...

TEST FOR ADJUSTER PRO, FLORIDA STUDY(QUESTIONS AND ANSWERS)A+ GRADED EXAM 2023-2024 - CORRECT ANSWER-Subtract the deductible from covered damages to get indemnification - CORRECT ANSWER-6 unique characteristics of insurance policy 1 Contracts of adhesion (court ez win) 2 Utmost good faith 3 aleatory 4 personal 5 Unilateral (only insurer has obligation) 6 Conditional - CORRECT ANSWER-1945 regulate insurance Naic doesn't give benefits to comissioners 90 day to pay hijacking on...