Help
Options
Question
To be considered an insurance contract, a policy must be?
click to flip
Didn't know it?
click below
click below
Knew it?
click below
click below
Don't know
Question
A partial owner of a building cannot receive full value for the building in the event of a loss because of?
Remaining cards (13)
Know
retry
shuffle
restart
0:00
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.
Normal Size Small Size show me how
Normal Size Small Size show me how
Claim Adjuster
Quiz 1
| Question | Answer |
|---|---|
| To be considered an insurance contract, a policy must be? | |
| A partial owner of a building cannot receive full value for the building in the event of a loss because of? | |
| When the insured transfers his/her rights to collect for damages to the insurer, it is known as? | Subrogation |
| Which of the following best describes a franchise deductible? | |
| Hurricane insurance in coastal areas in Florida is written subject to which of the following deductibles? | |
| The clause that prohibits the insured from dumping damaged property on the insurance company and demanding to be paid in full is? | The abandonment clause |
| When two or more policies apply to the same loss, the one that pays first is called? | |
| Insurance may apply separately to each insured, as if the other insureds did not exist. This is known as the doctrine of? | Severability |
| If an insurance policy is unclear or ambiguous, in whose favor does the policy respond? | |
| Which loss settlement provides new for old? | |
| The claims adjuster's role in the insurance industry includes all of the following EXCEPT? | The principle of proximate cause |
| Comparative negligence: | |
| ACV is defined as? | Replacement cost minus depreciation |
| The concept that one should not profit from the payment provided by an insurance policy is known as? | Indemnity |
Created by:
skylinemassage