Louisiana Claims Adjusters Definitions Test 1

Play an AI-generated podcast conversation about this lesson

According to RS 22:1661, what is the definition of 'adjuster'?

An individual who investigates or adjusts losses on behalf of a claimant
An individual who investigates or adjusts losses on behalf of an insurer (correct)
An individual who investigates or adjusts losses on behalf of a policyholder
An individual who investigates or adjusts losses on behalf of an insured

According to RS 22:1661, what is the definition of 'business entity'?

A corporation, partnership, limited liability company, or other legal entity
A corporation, association, partnership, or limited liability company
A corporation, association, partnership, limited liability company, or limited liability partnership (correct)
A corporation, association, partnership, or other legal entity

According to RS 22:1661, what is the definition of 'home state'?

The state in which the adjuster maintains the principal place of business
The state in which the adjuster maintains both the principal place of residence and business
The state in which the adjuster maintains the principal place of residence
The state in which the adjuster is licensed and acts as an adjuster (correct)

According to RS 22:1661, what is the definition of 'fingerprint'?

An impression of the lines on the finger taken for purpose of identification (D) Signup and view all the answers

According to RS 22:1661, what is the definition of 'insurer'?

Any type of insurer authorized or approved unauthorized to conduct business in this state (D) Signup and view all the answers

According to RS 22:1661, what is the definition of 'person'?

An individual or a business entity (D) Signup and view all the answers

Which one of these is the most correct?

An adjuster is an individual who investigates or adjusts losses on behalf of an insurer. (B) Signup and view all the answers

Which one of these is the most correct?

A business entity refers to a corporation, association, partnership, or other legal entity. (A) Signup and view all the answers

Which one of these is the most correct?

Fingerprints refer to an electronic or ink impression of the lines on the finger taken for the purpose of identification. (B) Signup and view all the answers

True or false: An adjuster can only be an employee of an insurance company.

False (B) Signup and view all the answers

True or false: Fingerprints taken for identification purposes must be in electronic format.

True (A) Signup and view all the answers

True or false: A business entity can only be a corporation.

False (B) Signup and view all the answers

Match the following terms with their definitions according to RS 22:1661:

Adjuster = An individual who investigates or adjusts losses on behalf of an insurer Business entity = A corporation, association, partnership, limited liability company, limited liability partnership or other legal entity Fingerprints = An impression of the lines on the finger taken for purpose of identification Home state = The District of Columbia and any state or territory of the United States in which the adjuster's principal place of residence or principal place of business is located Signup and view all the answers

Match the following terms with their definitions according to RS 22:1661:

Individual = A natural person Insurer = Any type of insurer authorized or approved unauthorized to conduct business in this state Person = An individual or a business entity Uniform individual application = The current version of the National Association of Insurance Commissioners (NAIC) Uniform Individual Application for resident and nonresident individuals Signup and view all the answers

Match the following terms with their definitions according to RS 22:1661:

Adjuster = An individual who investigates or adjusts losses on behalf of an insurer as an independent contractor or as an employee Business entity = A corporation, association, partnership, limited liability company, limited liability partnership or other legal entity Home state = The District of Columbia and any state or territory of the United States in which the adjuster's principal place of residence or principal place of business is located Individual = A natural person Signup and view all the answers

According to RS 22:1661, what is the definition of 'adjuster'?

An individual who investigates or adjusts losses on behalf of an insurer as an independent contractor or as an employee of an adjustment bureau, an association, a property and casualty producer, an independent contractor, an insurer, or a managing general agent. Signup and view all the answers

According to RS 22:1661, what is the definition of 'business entity'?

A corporation, association, partnership, limited liability company, limited liability partnership, or other legal entity. Signup and view all the answers

According to RS 22:1661, what is the definition of 'home state'?

The District of Columbia and any state or territory of the United States in which the adjuster's principal place of residence or principal place of business is located. If neither the state in which the adjuster maintains the principal place of residence nor the state in which the adjuster maintains the principal place of business has a substantially similar law governing adjusters, the adjuster may declare another state in which he becomes licensed and acts as an adjuster to be the 'home state'. Signup and view all the answers