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Terms in this set (227)
BBX Insurers terminated Henrys 48 months
appointment as its adjuster on
Dec 1. How many months does
Henry remain eligible to be
appointed as an adjuster by
another insurer?
which of the following is a a license or registration from the state
requirement to operate as an
insurence agent in FL
when considering depreciation in physical deterioration, functional obsolecense,
adjusting claims, consider all 3 of future life expentancy
these
insurers must keep records of their five years
insurance transactions for how
many years after the transaction
was complete
, when a paino was damaged by actual cash value, (replacement of property
vandals who broke into a house, minus physical depreciation)
the insurance company subtracted
200$ for depreciation. on what
grounds did the insurer value this
loss
ad adjusters license can be violating ethics, selling unregistered securities,
suspended for demostrating untrustworthiness
a claims adjuster is required to record activites that happened during
maintain a compelte and accurate adjustment, allow others to service the claim,
claim file for all of these reasons facilate examination by insurance regulators
contract where only one party is unilateral contract
required to make an enforceable
promise
contract that occurs when a bilateral contract
promise is made in return for a
promise by other party
contract in which both parties conditional contract
must perform certain duties and
follow rules of conduct to make
the contract enforceable.
a contract where the values aleatory contract
exchanged may not be equal but
depend on an uncertain event