Public Adjuster Study guides, Class notes & Summaries

Program Trigger for terrorist acts must cause a collective damage in excess of? - ANSWER • $100,000,000 TF A public adjuster may own no more than 50% in a salvage or similar business? - ANSWER • F General Average - ANSWER • Loss shared by all parties Particular Average - ANSWER • Only one party shares in the loss. In a home owner policy there is no deductible for - ANSWER • Liability Coverage In BOP covered property is listed and described in what part of the contract? -...

Public Adjuster - ANSWERPerson, partnership, that represents the public as an adjuster of claims Days to rescind a contract - ANSWER3 calendar days Public Adjuster minimum standards - ANSWERTitle must read Public Adjuster contract Name phone number address and business name of Adjuster Address of the insured and name Percentage of the payments received execution date and signatures right to cancel How can an adjuster collect his fee? - ANSWERa percentage of each check, no...

Program Trigger for terrorist acts must cause a collective damage in excess of? - ANSWER • $100,000,000 TF A public adjuster may own no more than 50% in a salvage or similar business? - ANSWER • F General Average - ANSWER • Loss shared by all parties Particular Average - ANSWER • Only one party shares in the loss. In a home owner policy there is no deductible for - ANSWER • Liability Coverage In BOP covered property is listed and described in what part of the contract? -...

A public adjuster represents the interest of - ANSWER The insured A public adjuster is an independent contractor representing solely the financial interests of the insured named in the policy. All of the following items have a built in limit (maximum) of coverage if the cause of loss is theft, EXCEPT - ANSWER Computers Once an insurer has received a proof of loss from a first party claimant, when must the insurer advise the claimant of the acceptance or denial of the claim? - ANSWER Wit...

A public adjuster represents the interest of - ANSWER The insured A public adjuster is an independent contractor representing solely the financial interests of the insured named in the policy. All of the following items have a built in limit (maximum) of coverage if the cause of loss is theft, EXCEPT - ANSWER Computers Once an insurer has received a proof of loss from a first party claimant, when must the insurer advise the claimant of the acceptance or denial of the claim? - ANSWER Wit...

Public Adjuster - ANSWERPerson, partnership, that represents the public as an adjuster of claims Days to rescind a contract - ANSWER3 calendar days Public Adjuster minimum standards - ANSWERTitle must read Public Adjuster contract Name phone number address and business name of Adjuster Address of the insured and name Percentage of the payments received execution date and signatures right to cancel How can an adjuster collect his fee? - ANSWERa percentage of each check, no...

Program Trigger for terrorist acts must cause a collective damage in excess of? - ANSWER • $100,000,000 TF A public adjuster may own no more than 50% in a salvage or similar business? - ANSWER • F General Average - ANSWER • Loss shared by all parties Particular Average - ANSWER • Only one party shares in the loss. In a home owner policy there is no deductible for - ANSWER • Liability Coverage In BOP covered property is listed and described in what part of the contract? -...

PUBLIC ADJUSTER EXAM QUESTIONS AND ANSWERS!!

PUBLIC ADJUSTER QUESTIONS AND ANSWERS 100% PASS Program Trigger for terrorist acts must cause a collective damage in excess of? • $100,000,000 TF A public adjuster may own no more than 50% in a salvage or similar business? • F General Average • Loss shared by all parties Particular Average • Only one party shares in the loss. In a home owner policy there is no deductible for • Liability Coverage In BOP covered property is listed and described in what part of the contract? • Decl...