Claims Adjuster Final (Multiple Choice
Questions) Complete Study Guide | Actual Exam
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1 An adjuster is a fiduciary agent with a responsibility of loyalty to the interest of
An insured has PIP with a $1000 deductible. If the insured has an accident and
2
incurs covered medical bills in the amount of $1200, what will PIP pay?
My coin collection was appraised and my insurance company specifically insured
3 the
valued of that collection. That is an example of:
, Your insurance company wrote an auto insurance binder for an owner who said that
he
did not have any prior accidents. Immediately thereafter it was discovered that he
4 did not
tell the truth. The company now wants to cancel the binder as quickly as possible.
What
is true?
Don't know?
Terms in this set (144)
An adjuster is a fiduciary agent with The insured and insurer
a responsibility of loyalty to the
interest of
An insurer gives which of the A Promise
following as Consideration for an
insurance policy?
The interest of the insured and all A Proof of Loss
other persons in the property
involved in a claim is
found in
An insured rear-ends another Liability Policy
driver's vehicle. The auto policy that
pays damages to
repair the damaged vehicle is a
_______?
, Your insurance company wrote an 5 days notice required
auto insurance binder for an owner
who said that he
did not have any prior accidents.
Immediately thereafter it was
discovered that he did not
tell the truth. The company now
wants to cancel the binder as
quickly as possible. What
is true?
For insurance to pay damages, an When the loss takes place
insurable interest must exist:
Texting while driving is best Hazard
described as a:
A covered loss is $90,000. Policy A $60,000
has a limit of $100,000. Policy B has
a limit of
$200,000. Both policies are pro-rata
policies. How much will policy B
pay for this loss?
I sold my home yesterday, signed a Purchaser's policy
deed and transferred title. Last
night there was a
house fire. I had not yet cancelled
my homeowner's insurance. The
purchaser also had a
homeowner's policy. Which policy
should pay to pay the claim?
Giving prompt notice of loss is best Condition
described as a policy:
Questions) Complete Study Guide | Actual Exam
Questions & Correct Answers (Verified Detailed
Answers) A Grade,
Save
Practice questions for this set
Learn 1 /7 Study with Learn
$160
Choose an answer
1 An adjuster is a fiduciary agent with a responsibility of loyalty to the interest of
An insured has PIP with a $1000 deductible. If the insured has an accident and
2
incurs covered medical bills in the amount of $1200, what will PIP pay?
My coin collection was appraised and my insurance company specifically insured
3 the
valued of that collection. That is an example of:
, Your insurance company wrote an auto insurance binder for an owner who said that
he
did not have any prior accidents. Immediately thereafter it was discovered that he
4 did not
tell the truth. The company now wants to cancel the binder as quickly as possible.
What
is true?
Don't know?
Terms in this set (144)
An adjuster is a fiduciary agent with The insured and insurer
a responsibility of loyalty to the
interest of
An insurer gives which of the A Promise
following as Consideration for an
insurance policy?
The interest of the insured and all A Proof of Loss
other persons in the property
involved in a claim is
found in
An insured rear-ends another Liability Policy
driver's vehicle. The auto policy that
pays damages to
repair the damaged vehicle is a
_______?
, Your insurance company wrote an 5 days notice required
auto insurance binder for an owner
who said that he
did not have any prior accidents.
Immediately thereafter it was
discovered that he did not
tell the truth. The company now
wants to cancel the binder as
quickly as possible. What
is true?
For insurance to pay damages, an When the loss takes place
insurable interest must exist:
Texting while driving is best Hazard
described as a:
A covered loss is $90,000. Policy A $60,000
has a limit of $100,000. Policy B has
a limit of
$200,000. Both policies are pro-rata
policies. How much will policy B
pay for this loss?
I sold my home yesterday, signed a Purchaser's policy
deed and transferred title. Last
night there was a
house fire. I had not yet cancelled
my homeowner's insurance. The
purchaser also had a
homeowner's policy. Which policy
should pay to pay the claim?
Giving prompt notice of loss is best Condition
described as a policy:
