Adjuster Pro - Insurance adjuster test ACTUAL
exam: QUESTION AND ANSWERS UPDATED
2026 LATEST
Save
Practice questions for this set
Learn 1 /7 Study with Learn
Claim filed against an insurance policy by a third party not named on that
policy
Choose an answer
1 What is insurance? 2 Utmost Good Faith
3 what is Indemnity 4 Third party claims
Don't know?
Terms in this set (154)
, What is insurance? protection against financial loss
what is a premium a scheduled amount to be paid for an insurance
policy.
What are premiums used for premiums are collected into a "pool" or "reserve
to pay out claimants when needed.
how can insurance companies the insurer collects premiums from all policy
afford to pay for an individuals holders and uses them to pay out the claims of a
catastrophic loss? few.
what is Indemnity payment for damages, that is not more or less
than the amount caused by the damage.
principle of idemnity insurance will pay no more or less than the actual
financial loss suffered
indemnification may also include repairs to property
reimbursement for additional living expenses
rental cars and hotels
costs directly associated with a loss
4 Parts of Legal Contract 1. Agreement
2. Consideration
3. Competent Parties
4. Legal Purpose
legal contract - agreement mutual intent by offeror and offeree
exam: QUESTION AND ANSWERS UPDATED
2026 LATEST
Save
Practice questions for this set
Learn 1 /7 Study with Learn
Claim filed against an insurance policy by a third party not named on that
policy
Choose an answer
1 What is insurance? 2 Utmost Good Faith
3 what is Indemnity 4 Third party claims
Don't know?
Terms in this set (154)
, What is insurance? protection against financial loss
what is a premium a scheduled amount to be paid for an insurance
policy.
What are premiums used for premiums are collected into a "pool" or "reserve
to pay out claimants when needed.
how can insurance companies the insurer collects premiums from all policy
afford to pay for an individuals holders and uses them to pay out the claims of a
catastrophic loss? few.
what is Indemnity payment for damages, that is not more or less
than the amount caused by the damage.
principle of idemnity insurance will pay no more or less than the actual
financial loss suffered
indemnification may also include repairs to property
reimbursement for additional living expenses
rental cars and hotels
costs directly associated with a loss
4 Parts of Legal Contract 1. Agreement
2. Consideration
3. Competent Parties
4. Legal Purpose
legal contract - agreement mutual intent by offeror and offeree
