Oklahoma adjuster Study guides, Class notes & Summaries

____ are the types of cause of loss form in a commercial package policy - Basic, Broad, or Special _____ is not eligible for a dwelling policy - Farm _______ are specifically excluded from coverage in Coverage C of the homeowner's policy? - Animals __________ acts like a deductible and is the amount of loss the insured must cover out of pocket when seeking coverage from an Umbrella policy? - Self -retention limit (SIR) A bird flying into the windshield of an auto is considered? - A compre...

OKLAHOMA ADJUSTER LISENCE 3 EXAM WITH VERIFIED SOLUTIONS.

Underwriter - ANSWER-A person who selects risk for the insurer is Appointed by the gov - ANSWER-all of the following are true regarding the Oklahoma Insurance Commissioner EXCEPT Issued as often as necessary - ANSWER-Regarding the Oklahoma Insurance Department promulgating Rules and Regulations, which of the following is true? Glen Mulready - ANSWER-who is the Oklahoma Insurance commissioner Receive new business from an eligible surplus lines broker - ANSWER-XYX insurance company is ...

Oklahoma Adjuster Exam #2 Questions and Answers 100% CorrectOklahoma Adjuster Exam #2 Questions and Answers 100% CorrectOklahoma Adjuster Exam #2 Questions and Answers 100% CorrectOklahoma Adjuster Exam #2 Questions and Answers 100% CorrectOklahoma Adjuster Exam #2 Questions and Answers 100% Correct An individual applied for auto insurance and obtained coverage from EMU Insurance Company. Who is the first party in the contract? - ANSWER-The Insured If a fire hazard causes damage to a buildin...

Oklahoma Adjuster License – 3 Questions and Answers 100% CorrectOklahoma Adjuster License – 3 Questions and Answers 100% CorrectOklahoma Adjuster License – 3 Questions and Answers 100% Correct All of the following statements are TRUE regarding a proof of loss statement, EXCEPT: - ANSWER-A proof of loss is also known as a loss notice The "loss notice" is NOT the formal proof of loss. The loss notice is provided by the insured to the agent or insurer as soon as possible after the los...

All of the following statements are TRUE regarding a proof of loss statement, EXCEPT: - ANSWERSA proof of loss is also known as a loss notice The "loss notice" is NOT the formal proof of loss. The loss notice is provided by the insured to the agent or insurer as soon as possible after the loss has occurred. Which of the following acts is NOT considered to be "transacting insurance" within the state of Oklahoma? - ANSWERSTaking an agency's incoming payments, sometimes containing premiu...

An individual applied for auto insurance and obtained coverage from EMU Insurance Company. Who is the first party in the contract? - ANSWERSThe Insured If a fire hazard causes damage to a building, the fire is? - ANSWERSA peril wearing a seatbelt in a car is an example of which method or managing risk? - ANSWERSReduce Tiffany leaves her car unlocked when she goes shopping. She figures her car and its contents are insured, so there is no reason to worry. Which type of hazard is this an e...

An individual applied for auto insurance and obtained coverage from EMU Insurance Company. Who is the first party in the contract? - ANSWERSThe Insured If a fire hazard causes damage to a building, the fire is? - ANSWERSA peril wearing a seatbelt in a car is an example of which method or managing risk? - ANSWERSReduce Tiffany leaves her car unlocked when she goes shopping. She figures her car and its contents are insured, so there is no reason to worry. Which type of hazard is this an e...

All of the following statements are TRUE regarding a proof of loss statement, EXCEPT: - ANSWERSA proof of loss is also known as a loss notice The "loss notice" is NOT the formal proof of loss. The loss notice is provided by the insured to the agent or insurer as soon as possible after the loss has occurred. Which of the following acts is NOT considered to be "transacting insurance" within the state of Oklahoma? - ANSWERSTaking an agency's incoming payments, sometimes containing premiu...

An individual applied for auto insurance and obtained coverage from EMU Insurance Company. Who is the first party in the contract? - ANSWERSThe Insured If a fire hazard causes damage to a building, the fire is? - ANSWERSA peril wearing a seatbelt in a car is an example of which method or managing risk? - ANSWERSReduce Tiffany leaves her car unlocked when she goes shopping. She figures her car and its contents are insured, so there is no reason to worry. Which type of hazard is this an e...