Florida Insurance Claims Adjuster License Practice Exam

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Securities are valued based on their value when?

  1. On the day the policy is purchased

  2. On the day loss is discovered

  3. At the end of the fiscal year

  4. One week after the loss is reported

The correct answer is: On the day loss is discovered

Securities are investments that are bought and sold on financial markets. Their value can fluctuate depending on various factors such as market conditions, performance of the issuing company, and news events. Therefore, it is important to value securities when a loss is discovered, rather than on the day of purchase or at the end of the fiscal year. This value provides an accurate representation of the investment's current worth and is used to determine potential gains or losses. Valuing securities one week after a loss is reported may not reflect the most up-to-date information and could lead to inaccurate valuations.

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