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Question

To be considered an insurance contract, a policy must be?
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A partial owner of a building cannot receive full value for the building in the event of a loss because of?
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Claim Adjuster

Quiz 1

QuestionAnswer
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
 

 



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