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ADJUSTER PRO - INSURANCE ADJUSTER TEST 2025 QUESTIONS AND ANSWERS
ADJUSTER PRO - INSURANCE ADJUSTER TEST 2025 QUESTIONS AND ANSWERS
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ADJUSTER PRO - INSURANCE ADJUSTER TEST 2025 QUESTIONS AND ANSWERS
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| Uploaded on: | September 9, 2025 |
| Last updated: | September 9, 2025 |
| Number of pages: | 28 |
| Written in: | 2025/2026 |
| Type: | Exam (elaborations) |
| Contains: | Questions & Answers |
| Tags: | ADJUSTER PRO - INSURANCE ADJUSTER TEST 2025 QUESTIONS AND ANSWERS |
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ADJUSTER PRO - INSURANCE ADJUSTER TEST 2025 QUESTIONS AND ANSWERS What is insurance? - ....ANSWER ...-protection against financial loss what is a premium - ....ANSWER ...-a scheduled amount to be paid for an insurance policy. What are premiums used for - ....ANSWER ...-premiums are collected into a "pool" or "reserve to pay out claimants when needed. how can insurance companies afford to pay for an individuals catastrophic loss? ....ANSWER ...-the insurer collects premiums from all policy holders and uses them to pay out the claims of a few. what is Indemnity - ....ANSWER ...-payment for damages, that is not more or less than the amount caused by the damage. principle of idemnity - ....ANSWER ...-insurance will pay no more or less than the actual financial loss suffered ....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 1
