A higher tier for a subscription

VIP membership

A guaranteed small loss that's used to prevent a large loss.

VIP Membership+Higher tier membership

Just stuff to read.

Guidelines that make sure I don't break the rules

A contract where one party undertakes to indemnify another or pay a specified amount based on contingincies. NEEDS a premium

A special contract that I sign which agrees to pay a specified amount to another party based on contingencies. DOES NOT need a premium

Not against public policy or other wise illegal

Legal capacity of parties to contract

A sufficient consideration for each promise

A manifestation of assent to its own terms by the parties who make the contract

Declaration of Independence

An oath to a promise

Material relating to the subjects covered, and all guidelines.

A piece of paper that puts on oath that you'll pay your premium or else you'll be fined

Summarizes promises form insurance holder

Agreement from one person to another person

Agreement on how much you'll be paying for your premium

Agreement that summarizes the promises from the insurance company

Exclusions and conditions eliminate coverages which might duplicate those in other policies to be insured.

Insurance in case my home gets damaged which is covered for 8 years

Insurance from the Apple Store on my brand new iPhone 16 pro max which is covered for 90 days

Insurance for my battery powered kids car which covers collision, theft, storm damage

Insurance for an automobile in which one party agrees to pay another party's financial loss which covers collision, theft, storm damage

Collision

Destruction

Comprehensive

Binding

Policy protecting family in case you decide you don't want the home any more

Policy that protects an individuals house in case loss by fire, natural causes, vandalism

Policy that protects only the appliances inside the home

Policy that protects you incase someone dings your wall paint, doors, window, or cabinets

Another insurance company you can sign with if your not happy with your current one

A more better policy based insurance company

Companies that insure the insurance companies

Companies that are bundled with insurance companies that lower the premium assuming you sign an extended contract

A person that carries their insurance

A person who owns insurance

A company which sells insurance

A pamphlet which says all the available insurance companies that are accepted

The insurance companies policy

A written agreement

A process that determines involved in insuring a client

A process from the client that determines if the insurance company is covering what they said they were going to cover

The United States Army reserves

Money set aside from the client in order to pay for premium

Money set aside from insurance company in order to pay for claims

A reserved amount of time that your insurance company will keep you covered for after it ends.

Making sure something fits

Adjusting the temperature

Adjusting money set aside

Adjusting the loss and verifying that the loss is covered by insurance company

A single independent contractor

A company who doesn't rely on workers

A company that has trained employees who provide various levels of services to insurance companies in connection to claims made with the insurance carrier.

A company that hires untrained employees who provide various levels of services to insurance companies in connection to claims made with the insurance carrier.

Someone who adjusts the regulations

Is the person hired to work for an independent adjusting company.

Is the person hired to work for the insurance company

Someone who is hired to adjust home regulations

Property, casualty, life, health & disability

Property, collision, life, health & disability

Comprehensive, collision, life, and health disability

Property, comprehensive, life, collision

True

False

Producers within the industry that provide a valuable service to the community.

An individual who fixes the damages

An insurance company within the industry that provides a valuable service to the community

An individual who files a claim to the insurance company claiming some form of damage

An independent adjuster hired by an insurance company to represent the interest of that company.

An adjuster hired to work for and is paid by an insurance company and can only represent the interests of the company.

Adjuster works inside and outside an office.  Some companies hire and supervise independent adjusters to carry out those parts of the claims process that the inside company adjuster cannot. 

Both A and B

Neither

Adjuster is self-employed and is not affiliated with either insurers or bureaus. 

Adjuster works inside and outside an office, and represents only the insurance company

A licensed adjuster who is the only other party besides an attorney who can legally represent the rights of an insured during the claims process. 

B and C

Adjuster is hired to work for and is paid by an insurance company and can only represent the interests of the company.

None above

Adjuster is self-employed and is not affiliated with either insurers or bureaus. 

An adjuster that takes a percentage of the claim

Adjuster offers services on a fee-for-service basis.

Adjuster is hired to work for and is paid by an insurance company and can only represent the interests of the company

Adjuster that takes a percentage of a claim

ALL OF ABOVE

Both B and C

Adjuster takes a percentage of a claim

Adjuster is employed as an agent by an adjustment bureau that serves multiple company clients. This could also be known as a third-party administration company.

Neither

Indemnifying the insured, identifying the cause of loss when, where, how? scoping and inspecting, estimating, reporting

Indemnifying the insurance company, identifying the cause of gain, who, what, when, where? not looking and not inspecting, giving bad estimates, not reporting

Neither

Indemnifying the insured, identifying the cause of loss when, where, how, scoping and inspecting, and done

Xactimate

None of these

Estim8te

Propay LLC

Peril refers to a type of food

None of these

Aviation insurance is a package policy comprised of physical damage (hull), personal injury, and liability coverage. It protects from the risks associated with owning and operating an aircraft.

None of these

None of these

A and B

Both B and C

Negotiation, Documentation, Signature, no witness

Agreement, consideration, both parties need to be competent, there needs to be legal purpose.

A federal agency founded in 1909 that oversees all insurance companies in the U.S.

A private organization founded in 1929 that sells insurance policies directly to consumers.

A non-profit group founded in 1963 that provides financial assistance to insurance companies.

The NAIC founded in 1871, is a collective organization of state insurance regulators in the U.S.

A conditional contract contains a number of conditions that both parties must comply with. A type of conditional contract is a property or liability insurance policy.

None of these

Both A and B

A contract of adhesion is a verbal agreement between one party

None of these

When one of the parties of a contract cannot negotiate the terms of a contract but has to accept what is being offered

Both B and C

Is the concept that a person may not profit from an incident that triggers coverage under a policy of insurance.

Both A and D

None of these

Interests explicitly defined in the contract.

Interest is imposed by law, as opposed to liability arising from an agreement or contract.

Legal liability interest refers to the right to receive compensation for nothing

Legal liability interest is a type of insurance paper

None of these

Both A and B

False expectations of loss interest refer to the actual loss from investments.

This is used to determine if insurable interest exists.

Factual expectations of loss interest are the historical data of future investment performances.