Most insurers give some producers the authority to pay claims up to a certain amount. In this role, producers function much like

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Most insurers give some producers the authority to pay claims up to a certain amount. In this role, producers function much like

A. A field claim representative.

B. An independent adjuster.

C. A public adjuster.

D. An inside claim representative.

Answer: D

AINS Chapter 6

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An insured's building has an actual cash value of $200,000, and he has insured the property for $120,000 with an 80% coinsurance clause. A $40,000 loss occurs. How much will the policy pay?

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In an insurance contract, the applicant's "consideration" is the
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The voluntary relinquishment of a legal right is called
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Which of the following statements about accumulated interest earned on dividends from an insurance policy is TRUE?
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All of the following are true regarding a decreasing term policy EXCEPT
Purchasing a life insurance policy in order to avoid the forced sale of assets upon death is called
Health insurance will typically cover which of the following perils?
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What is the purpose of establishing the target premium for a universal life policy?
Which of the following is NOT true regarding the accumulation period of an annuity?
Group health plans may deny participation based upon the
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