Adjuster Pro Oklahoma Practice Exam| 75 Questions| Correct Solutions 100%!!

The source of the adjusters authority - ANSWERSIn the context of insurance adjusting, who is the principal? Coverage is not negotiable - ANSWERSWhen Nancy is pulling into her driveway, she accidentally hit the gas and plowed through her front wall. She tries to negotiate the claim with the adjuster, why is this not possible? True - ANSWERSTrue or false: assuring a claimant a policy is covered without determining the cause of loss is considered improperly acting as a fiduciary agent? Civil disputes between parties - ANSWERSTort Law The principle of indemnity - ANSWERSMelindas home sustained $6,500 in damages when Jared ran into it with his truck. Melinda received $6,599 from her insurance company and Jared also paid her $5,000. Melinda has now profited from this loss and is in violation of: A morale hazard - ANSWERSRobby drives likes to race other drivers and isn't concerned with damages because of his good insurance. Robby's behavior is Public adjuster - ANSWERSA fiduciary agent of behalf of the claimant Insured - ANSWERSAn individual or organization that pays premiums in exchange for financial protection Principle of indemnity - ANSWERSPrevents an insured from making a profit Policy recission - ANSWERS