SUPER DUPER TEXAS ADJUSTER LICENSE EXAM QUESTIONS AND ANSWERS
Автор: LearnCertificationexams
Загружено: 2024-12-10
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Loss Settlement Valuation: In ___________________, the insurer
agrees to pay the face value of the policy limit if there is a total loss
regardless of the actual cash value (ACV) - ANSWER- a "valued"
policy
Loss Settlement Valuation: What are the 2 purposes of a deductible? -
ANSWER- (1) to encourage loss control (2) To avoid small claims
Loss Settlement Valuation: The ____________ is the self-insured
portion of an insured loss and is taken off the final settlement amount
before the settlement check is written. - ANSWER- Deductible
Adjusting losses: The insurance company's initial contact with the
insured should be within ____ hours of receiving the claim - ANSWER24
Adjusting losses: During a catastrophic situation, the insurance company
must acknowledge receipt of a claim within _________ - ANSWER- 30
Days
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