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HowTmanyTdaysTdoesTtheTinsurerThaveTtoTsendToutTformsTwhenTnotifie
dTofTaccident?T-TCorrectTAnswer-tenTdays
AtTwhatTtimeTisTtheTpolicyTeffective?T-TCorrectTAnswer-12:01Tam
WhatTareTtheTfinancialTresponsibilityTlimitsTinTRhodeTIsland?T-
TCorrectTAnswer-25/50/25
ByTvirtueTofTpayment,TtheTinsuranceTcompanyTassumesTtheTrightsTofTt
heTinsuredTtoTpursueTtheTresponsibleTpartyTforTdamagesTonlyTtoTtheTex
tentTofTtheTinsuranceTcompany'sTpayment,TandTasTaTservice,TtheTinsura
nceTcompanyTwillTattemptTtoTrecoverTtheTinsured'sTdeductible.TWhatT
doesTthisTdescribe?T-TCorrectTAnswer-subrogation
WhenTcompaniesTcannotTcomeTtoTaTdecisionTofTwhoTisTliableTandTresp
onsibleTforTdamages,TwhatTprocessTsolvesTthisTproblem?T-
TCorrectTAnswer-arbitration
WhatThappensTwhenTanTinsuranceTcompanyTbringsTyouTbackTtoTyourTc
onditionTbeforeTtheTlossToccurs?T-TCorrectTAnswer-indemnification
, IfTtheTinsuredThasTanTautoTpolicyTwithT$50,000TliabilityTcoverageTandTs
eesTaTneighborTheTdislikesTandTrunsTtheTneighbor'sTfootTover,ThowTmu
chTwouldTtheTinsurerTpay?T-TCorrectTAnswer-$0.00
Insured'sTHondaTAccordTisTinTbodyTshopTsoTheTborrowsTaTfriend'sTToyo
taTCorollaTandTgetsTintoTanTaccidentTandTbothThaveTaTPAP.TWhatTcomp
anyTwouldTpayTforTtheTfriend'sTcar?T-TCorrectTAnswer-Toyota'sTinsurer
WhatTisTNOTTaTcomprehensiveTloss?T-TCorrectTAnswer-
collisionTwithTaTshoppingTcart
WhatTisTcoveredTafterTaThurricane?T-TCorrectTAnswer-windstorm
WhatTisTusedTuntilTaTpolicyTisTused?T-TCorrectTAnswer-binder
WhoTcanTrevokeTanTadjuster'sTlicense?T-TCorrectTAnswer-
insuranceTcommissioner
WhatTisTtheTmostTimportantTthingTforTanTadjusterTtoTtakeTinTanTinvesti
gation?T-TCorrectTAnswer-locusTdiagramTandTphotographs
IfTtheTInsuredTgoesTtoTFloridaTonTvacationTandTrentsTaTcarTandTisTinvolv
edTinTanTaccidentTbutThasTaTRhodeTIslandTPAP,ThowTwouldTtheTclaimTb
eTpaid?T-TCorrectTAnswer-PDTwithTnoTdeductible