Claims Study guides, Class notes & Summaries

LPL OCTOBER/NOVEMBER PORTFOLIO 100 % PASS QUESTION 1 NATURE AND ASSESSMENT OF NON-PATRIMONIAL LOSS (ESSAY) (a) Study Nemangwela v Road Accident Fund (437/2022) [2023] ZASCA (8 June 2023) case herein attached as well as the Road Accident Fund Act 56 of 1996 as amended and answer the question below: Write a critical appreciation/analysis of the court’s reasoning to disqualify the forklift as a motor vehicle for the purposes of claiming damages from the Road Accident Fund. Refer t...

Florida Claims Adjuster Exam, 6-20 All Lines Adjuster- Florida- Review Already Passed 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 fail...

Florida Claims Adjuster Exam | 200+ Questions And Answers

Florida Claims Adjuster Latest Exam 200 Questions with Correct Answers

Accident Insurance - Answer Covers expenses associated with a covered accident and can extend to ambulance and emergency room expenses, intensive care, and hospital costs. Accident insurance also provides for loss of income, and a death benefit if injuries prove fatal. Accumulated Depreciation - Answer The total decrease in an item's value over a period of time. Formula: (annual depreciation x number of years used). Subtract this number from the item's replacement cost to get its actua...

QUESTIONS AND ANSWERS

Florida Claims Adjuster Exam Review Rated A+ Guaranteed Success 2023!!! (332Qs)

You work with the pricing actuary at Cash for Claims, a large Property/Casualty insurer. The CEO has some questions based on the most recent pricing analysis and the pricing actuary has asked you to assist with the response. The proposed rates were not in the range the CEO expected given the pricing analysis. The CEO has asked the pricing actuary to verify the total projected loss cost excluding potential large storm losses for 2020. In turn, the pricing actuary has asked you to independently ca...

An adjuster is a fiduciary agent with a responsibility of loyalty to the interest of The insured and insurer An insurer gives which of the following as Consideration for an insurance policy? A Promise The interest of the insured and all other persons in the property involved in a claim is found in A Proof of Loss An insured rear-ends another driver's vehicle. The auto policy that pays damages to repair the damaged vehicle is a _______? Liability Policy Your ins...