Florida Claims Adjuster Exam, 6-20 All Lines Adjuster- Florida- Review
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Florida Claims Adjuster Exam, 6-20 All Lines Adjuster- Florida- Review1 / 46 nsureds applibandonment nsurer and 2. Hazard: Something that increases the probability that a loss will occur. 3. Warra... nty: A policy condition, either based on information in the i cation or inserted by the insurer. It is a guarantee of a fact. 4. Misrepresentation: An untrue statement by the insured, made in an application for insurance but which does not become a part of the policy. 5. Concealment: The failure of the insured to reveal relevant facts known to the insured in applying for insurance. 6. Abandonment: Property insurance policies usually contain an a clause, stating the insured cannot dump damaged property on the i demand its full value. 7. Severability: The insurance applies separately to each insured as if other insureds did not exist. 1. Peril: Something that causes a loss. [Show More]
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