Alberta General Insurance Level 1 Practice Exam

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Ace your Alberta General Insurance Level 1 Exam with our comprehensive practice quiz. Tailored to mimic the real test, our quiz offers detailed explanations, expert tips, and all you need to succeed. Start your path to becoming a licensed professional today!

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How is an independent adjuster different from a staff adjuster?

Works for the insured
Is licensed to sell insurance
Is appointed by the insurer
Operates their own insurance company

The correct answer is: Is appointed by the insurer

An independent adjuster is different from a staff adjuster because they are appointed by the insurer to work on specific claims, rather than being employed by the insurer directly. Option A, working for the insured, is incorrect because both independent and staff adjusters work on behalf of the insurer. Option B, being licensed to sell insurance, is incorrect because adjusters do not sell insurance, they evaluate and settle claims. Option D, operating their own insurance company, is incorrect because both independent and staff adjusters work for insurance companies, but independent adjusters are contracted to work on specific claims.