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NY Adjuster Practice Exam 2025 Questions and Answers
NY Adjuster Practice Exam 2025 Questions and Answers
Course:
NY Insurance Adjuster
Institution:
NY Insurance Adjuster
NY Adjuster Practice Exam 2025 Questions and Answers
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| Uploaded on: | September 13, 2025 |
| Last updated: | September 13, 2025 |
| Number of pages: | 22 |
| Written in: | 2025/2026 |
| Type: | Exam (elaborations) |
| Contains: | Questions & Answers |
| Tags: | NY Adjuster Practice Exam 2025 Questions and Answers |
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NY Adjuster Practice Exam 2025 Questions and Answers Claimant - --Answer Premium Pool - --Answer Insurance - --Answer --Insured individual who has filed a claim --Reserve where collected premiums are stored --Economic device for protecting against financial loss Principle of Indemnity - --Answer --Prevents insured from profiting from loss Premium - --Answer Indemnification - --Answer --Fee paid by insured for insurance coverage --Payment for repairs, ALE expenses, and costs related to loss Insurance Policy Contract - --Answer --Legally binding agreement providing financial protection; 4 requirements: agreement/consideration/competent parties/legal purpose Agreement - --Answer --Mutual consent between offeror and offeree ....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 1
