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LOUISIANA CLAIMS ADJUSTER'S WORKERS COMP LICENSE STUDY GUIDE WITH COMPLETE SOLUTION
Question: What is Accident Insurance?
Correct answer: Covers expenses associated with a
covered accident and can extend to ambulance and
emergency room expenses, intensive care, and hospital
costs. Accident insurance also provides for loss of
income, and a death benefit if injuries prove fatal.
Question: What is Accumulated Depreciation?
Correct answer: The total decrease in an item's value over
a period of time. Formula: (annual depreciation x number
of years used). Subtract this number from the item's
replacement cost to get its actual cash value (ACV).
Question: What is Acreage Reporting Date?
Correct answer: In crop insurance, the deadline for
providing the insurer with an acreage report, which is
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