Chapter 16 - Insurance Claims
Adjusting Questions with Revised
Answers () 100% Guarantee
Pass.
An "insurance claim" is a - CORRECT ANSWERS formal request to an insurance company
requesting a payment, based on the terms of an insurance policy (contract).
A "_______" party claim is made by a policyholder, insured, or beneficiary, directly against the insurance
company. They are filed under policies such as Dwelling or Automobile Physical Damage - CORRECT
ANSWERS first
A "_____" party claim is made against an insured who is covered by a liability policy, such as Commercial
General Liability or Malpractice insurance policies - CORRECT ANSWERS third
Claims Adjusters - CORRECT ANSWERS They inspect and investigate property damage or
personal injury claims to
determine the amount an insurance company is liable to pay for a loss.
Types of Insurance Claims Adjusters - CORRECT ANSWERS independent adjusters
"public adjusters
Independent Adjuster - - CORRECT ANSWERS works on behalf of an insurance
company and is not permitted to adjust claims on behalf of the individual
policyholder
, Name 3 Independent Adjuster titles - CORRECT ANSWERS "Property & Casualty Adjuster",
"General Lines Adjuster" or
"All Lines Adjuster"
Public Adjuster -
A public adjuster is an - CORRECT ANSWERS independent contractor representing solely the
financial interests of the insured named in the policy. The insured, and not the insurance company, pays
the public adjuster for his or her services.
State laws prohibit public adjusters from adjusting ________ type claims and restrict their
authority to the adjustment of ________ claims - CORRECT ANSWERS liability
property insurance
Regulation of Public Adjusters - CORRECT ANSWERS Because public adjusters work directly
with the public without the supervision of an insurance company, state laws regulate the public adjuster
more stringently than independent
adjusters. These additional regulations include:
Most states require a _______ be posted with the Department by anyone who is conducting business in
the state as a public adjuster. This _______would serve as a method to pay retribution to any
policyholder who might be wronged by a public adjuster. - CORRECT ANSWERS bond
bond
Adjusting Questions with Revised
Answers () 100% Guarantee
Pass.
An "insurance claim" is a - CORRECT ANSWERS formal request to an insurance company
requesting a payment, based on the terms of an insurance policy (contract).
A "_______" party claim is made by a policyholder, insured, or beneficiary, directly against the insurance
company. They are filed under policies such as Dwelling or Automobile Physical Damage - CORRECT
ANSWERS first
A "_____" party claim is made against an insured who is covered by a liability policy, such as Commercial
General Liability or Malpractice insurance policies - CORRECT ANSWERS third
Claims Adjusters - CORRECT ANSWERS They inspect and investigate property damage or
personal injury claims to
determine the amount an insurance company is liable to pay for a loss.
Types of Insurance Claims Adjusters - CORRECT ANSWERS independent adjusters
"public adjusters
Independent Adjuster - - CORRECT ANSWERS works on behalf of an insurance
company and is not permitted to adjust claims on behalf of the individual
policyholder
, Name 3 Independent Adjuster titles - CORRECT ANSWERS "Property & Casualty Adjuster",
"General Lines Adjuster" or
"All Lines Adjuster"
Public Adjuster -
A public adjuster is an - CORRECT ANSWERS independent contractor representing solely the
financial interests of the insured named in the policy. The insured, and not the insurance company, pays
the public adjuster for his or her services.
State laws prohibit public adjusters from adjusting ________ type claims and restrict their
authority to the adjustment of ________ claims - CORRECT ANSWERS liability
property insurance
Regulation of Public Adjusters - CORRECT ANSWERS Because public adjusters work directly
with the public without the supervision of an insurance company, state laws regulate the public adjuster
more stringently than independent
adjusters. These additional regulations include:
Most states require a _______ be posted with the Department by anyone who is conducting business in
the state as a public adjuster. This _______would serve as a method to pay retribution to any
policyholder who might be wronged by a public adjuster. - CORRECT ANSWERS bond
bond
