KS Public Adjuster Practice Questions - Kansas Public Adjuster Exam

A Kansas public adjuster receives a joint settlement check. What is the proper handling procedure?

Deposit it into their personal checking account Ensure proper endorsement, deposit into a trust or escrow account, deduct the agreed fee (maximum 10%), and promptly remit the balance to the policyholder Cash the check and pay the client in cash Return the check to the insurer

Correct Answer:

Ensure proper endorsement, deposit into a trust or escrow account, deduct the agreed fee (maximum 10%), and promptly remit the balance to the policyholder

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