CT All-Lines Adjuster Licensing Exam Questions and Answers |100% pass
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CT All-Lines Adjuster Licensing Exam Questions and Answers |100% pass Abandonment {{Correct Ans- Relinquishing of property and letting go of all legal rights with the intent to claim a total loss. ... Abandonment Clause {{Correct Ans- A property policy provision that stipulates that the insurer need not accept any damaged property that the insured chooses to relinquish. Absolute Liability {{Correct Ans- The performance of an act so dangerous as to be sufficient to trigger liability regardless of the degree of negligence. Accident {{Correct Ans- An unforeseen, unintended, and unexpected event, which occurs suddenly and at a definite place. Accounts Receivable Insurance {{Correct Ans- Pays for the cost of reconstructing accounts receivable records that have been damaged or destroyed by a covered peril. Action Over Claim {{Correct Ans- A demand by a third party in a subrogation action suing for damages from the employer. (Worker's Compensation) Actual Cash Value (ACV) {{Correct Ans- Placing value on a property as of the time of its loss or damage. Additional Living Expense Insurance {{Correct Ans- Provides payment for extra expenses made necessary by the insured's inability to reside in the insured dwelling because of a cover loss. Adhesion Contract {{Correct Ans- Standardized set of agreements offered by one party to another on a take it or leave it basis. [Show More]
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