Which of the following is true regarding the liability of the insurer after a full acquittance?

Study for the Idaho Independent Adjuster Exam. Prepare with flashcards and multiple choice questions, each question has hints and explanations. Get ready for your examination!

When a full acquittance is granted, it signifies that the insurer has completed its obligations concerning the claims covered under the agreement. This means that the insurer is fully released from any further responsibilities or duties related to the claims that were settled.

In this context, a full acquittance essentially acts as a legal release, indicating that all claims for loss that the insured may have had against the insurer have been resolved. As a result, the insurer is not liable for any future claims that may arise from the same incident or related matters, thus reinforcing that they are relieved of ongoing obligations regarding those specific claims.

The other options imply ongoing responsibilities or liabilities of the insurer that contradict the fundamental nature of a full acquittance.

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