OH Public Adjuster Practice Questions - Ohio Public Adjuster Exam

What does 'waiver and estoppel' mean in insurance law?

The insured waives their right to file a claim The insurer voluntarily gives up a known right (waiver) or is prevented from asserting a right due to prior conduct (estoppel) The public adjuster waives their fee The state waives licensing requirements

Correct Answer:

The insurer voluntarily gives up a known right (waiver) or is prevented from asserting a right due to prior conduct (estoppel)

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