Georgia Adjuster 192 Correctly Answered Questions Latest Update

flood plain {Ans: map out area}Admitted Aircraft Liability Coverage {Ans: A coverage sometimes written in conjunction with Aircraft Passenger Liability which can provide reimbursement for death or dismemberment without requiring legal action.}settlement paddling {Ans: increasing settlement, dishonest}annual transit policy {Ans: incoming and out going shipment (one year)}Pollutant Cleanup and Removal {Ans: 180 days}medical practice {Ans: 7th birthday}conditionally renewable {Ans: option to cancel, if condition are meet}Hangar keepers liability {Ans: bailee insurance}80% of 500,000 = {Ans: 400,000}liaison {Ans: adjuster between insurer and claimant}mortgage clause {Ans: protect mortgage companies}only private companies follow state law {Ans: Georgia}fiduciary {Ans: trust, representation for a principal-contractor or insurance company}(2) guaranty associations {Ans: property and casualty life and health for 90 days}what perils are insured against under the "additional coverage"? {Ans: all perils}Death benefit {Ans: max 230,000, funeral 7,500}libel {Ans: written}Aviation Risk Pool {Ans: Insurance pool-small (less insurance) but risk is huge- ( cost effect-accident) large sum of money paid out}CGL {Ans: basic and supplement}Actual Cash Value (ACV) {Ans: depreciation value}