Georgia claims adjuster Study guides, Class notes & Summaries

The deductible - ANSWER-The dollar amount that the insured pays before the insurer is required to pay the remainder of the loss is known as? Replacement cost - ANSWER-Which loss settlement provides new for old? the claims adjuster's role in the insurance industry includes - ANSWER-Give appropriate legal advice and write binding contracts following are examples of a peril - ANSWER-Lighting, Explosion and Fire The abandonment clause - ANSWER-The clause that prohibits the insured from ...

In GA, _____insurance cannot be written by a reciprocal type insurer. - life No insurer or licensee doing business in Georgia may pay any commissions or valuable consideration to any person for services as an agent, subagent, or adjuster unless that person is duly licensed under the - Code Mediation is not _____ on the parties involved, but with arbitration the decision is final and _____. - Binding Standard and Poor's, A.M. Best and Moody's are examples of: - Independent Rating Service...

GA ADJUSTER EXAM REVIEW QUESTIONS WITH COMPLETE SOLUTIONS VERIFIED AND UPDATED GUARANTEED PASS In GA, _____insurance cannot be written by a reciprocal type insurer. life No insurer or licensee doing business in Georgia may pay any commissions or valuable consideration to any person for services as an agent, subagent, or adjuster unless that person is duly licensed under the Code Mediation is not _____ on the parties involved, but with arbitration the decision is final and _____. Binding ...

GEORGIA CLAIMS ADJUSTER LICENSING EXAM LATEST 2024 ACTUAL QUESTIONS AND CORRECT ANSWERS|A GRADED

Concealment: The failure of the insured to reveal relevant facts known to the insured in applying for insurance. 6. Abandonment: Property insurance policies usually contain an abandonment clause, stating the insured cannot dump damaged property on the insurer and demand its full value. 7. Severability: The insurance applies separately to each insured as if other insureds did not exist. 8. Proximate Cause: The cause having the most significant impact in bringing about the loss under a fir...

Peril - Answer Something that causes a loss. 10=10,000 Property Damage-the most paid out for damage caused to property of others. What is SR-22 ? - Answer A form of coverage known as a NAMED NOOWNER policy is required, this form offers insurance coverage only while the insured is operating automobiles owned by others. What are the two things that need to happen for financial responsibility that did not exist at the time of the accident ? - Answer -The legally valid claims of others must...

In GA, _____insurance cannot be written by a reciprocal type insurer. - life No insurer or licensee doing business in Georgia may pay any commissions or valuable consideration to any person fo r services as an agent, subagent, or adjuster unless that person is duly licensed under the - Code Mediation is not _____ on the parties involved, but with arbitration the decision is final and _____. - Binding Standard and Poor's, A.M. Best and Moody's are examples of: - Independent Rating Services What...

TDI DISASTER EXAM VERIFIED QUESTIONS AND ANSWERS 2023/2024 VERSION ACTUAL TEST GRADED A Quiz 1 1. If Lowest Cost Insurance Company chooses to accept his application for insurance, the insurer is the risk? • Retaining (Correct Answer) • Reducing •Avoiding • Transferring 2. If Lowest Cost Insurance Company declines his application for insurance, the insurer is the risk? • Retaining • Reducing •Avoiding (Correct Answer) • Transferring 3. Mr. Jones' heart atta...

The successful adjuster/negotiator should understand that communication includes all of the following EXCEPT? Select one: A. Verbal and non-verbal messages B. Questioning C. Listening D. Decision-making - Decision-making Which of the following is not a duty of the claims adjuster? Select one: A. Investigating B. Evaluating C. Negotiating D. Counseling - Counseling The adjuster's duty to the insurer is best described as? Select one: A. Friendly B. Factual C. Fun D. Fiduciary - ...

Peril Something that causes a loss. Hazard Something that increases the probability that a loss will occur. Warranty A policy condition, either based on information in the insureds application or inserted by the insurer. It is a guarantee of a fact. Misrepresentation An untrue statement by the insured, made in an application for insurance but which does not become a part of the policy. Concealment The failure of the insured to reveal relevant facts known to the insured in applying for i...