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4 Cards in this Set
- Front
- Back
- 3rd side (hint)
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States have adopted statutes regarding claims adjusting. To avoid unfair treatment to a claimant the adjuster must not: |
Deny the claim until a fair and prompt investigation has commenced |
It is an unfair claim practice if the adjuster denies a claim prior to a prompt and comprehensive investigation has been completed |
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The New York Superintendent of Insurance may refuse to renew, suspend or revoke a license as a result of which of the following?
I. A violation of any provision of the New York Insurance Code. II. An adjuster making a material misstatement in application for license. III. An adjuster being found guilty of fraud or dishonest practices. |
I, II and III. |
The violations illustrated reflect character, ethics and morality that are not wanted in the insurance industry. |
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The Superintendent may refuse to renew, revoke, or suspend the license of any adjuster, if after notice and hearing, if it is determined that the adjuster has |
All responses listed are correct |
All of the reasons listed are cause for nonrenewal, revocation or suspension of an adjuster license |
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Under pollution clean up and removal coverage under the BOP, when must a loss be reported |
180 days |
The expenses will be paid only if they are reported to the insurer within 180 days of the date of the direct loss or the end of the policy period |
