MN Public Adjuster Practice Questions - Minnesota Public Adjuster Exam

What is the 'appraisal process' under a standard property insurance policy in Minnesota?

A real estate appraisal A dispute resolution process where each party selects an appraiser, the two appraisers select an umpire, and agreement by any two determines the loss amount A government property assessment A process for determining the insurance premium

Correct Answer:

A dispute resolution process where each party selects an appraiser, the two appraisers select an umpire, and agreement by any two determines the loss amount

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