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New Mexico PSI ALL LINES ADJUSTER PRACTICE EXAM QUESTIONS AND CORRECT ANSWERS (VERIFIED ANSWERS) PLUS RATIONALES 2025
Typology: Exams
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Rationale: Insurers avoid catastrophic risks because they impact many at once, making them uninsurable.
Rationale: Most states, including NM, require licensees to report address changes within 30 days. 10.An insurance binder is:
17.The primary function of reinsurance is to:
24.What is the purpose of an appraisal clause?
29.A proof of loss is:
Rationale: Temporary licenses are often issued in cases of death or disability. 39.An example of “special damages” includes:
46.The primary goal of insurance regulation is to: