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2026
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Terms in this set (48)
Adjuster moves states, how long 30 days
to notify dept of financial
services?
Vacant or unoccupied house is No, policy reduces coverage if the building is
vandalized, will property vacant or unoccupied for 60 days
insurance cover it?
When considering depreciation, Physical deterioration, functional
adjusters consider these factors obsolescence, and future life expectancy
Not reporting a claim within the Conditional contract of the policy
policy timeframe breaks the
Adjusters keep complete and Record activities that occur during adjustment,
accurate claim files for these permit others to service the claim if the
reasons: adjuster is unavailable, support denial of the
claim
, What is the role of a primary care Coordinate member's health care treatment
physician (PCP) in managed care and access to medical specialists in the
plans? network
Individual short term disability 2 years
plans pay up to
In which case would the applicant The applicant is entitled to insurance but
be eligible for coverage through cannot buy it through the voluntary market.
an insurer in the residual insurance
market
Failing to promptly settle a claim Unfair claims settlement practice
for which liability is uncertain is
not an
PAP allows a leased vehicle to be 6 months
on the declaration list of a policy if
it is leased to the named insured
for how many months
If a bank's counterfeit money A branch office in that country
insuring agreement covers a loss
for accepting counterfeit money
in another country it must have
What organization developed a National Workers Compensation Organization
standard workers comp and
employers liability insurance
policy used in most stated?