Texas Property and Casualty Adjusters License Questions and Answers
Texas Property and Casualty Adjusters License Questions and Answers Risk ANSWER Uncertainty Types of risk ANSWER Pure vs speculative Pure not insured Peril ANSWER Cause of loss- open vs named Hazard ANSWER Types- physical , moral , morale Indemnity ANSWER No gain Subrogation ANSWER Insurance sues at fault party Fiduciary ANSWER Responsible for property of others Waiver ANSWER Insurance company voluntarily gives up a policy right Warranty ANSWER Written into contract-a promise- if broken claim does not have to be paid Limit of liability ANSWER Max company pays Law of numbers ANSWER Claims from a large number of homogenous risks more predictable
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- Texas Adjuster Licensing
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- Texas Adjuster Licensing
Documentinformatie
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- 4 mei 2024
- Aantal pagina's
- 16
- Geschreven in
- 2023/2024
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Onderwerpen
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types of risk
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indemnity
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subrogation
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supplementary payments
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texas property and casualty adjusters license ques
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types of adjusters license
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