TEXAS ALL LINES ADJUSTER UPDATED EXAMS
SCRIPT QUESTIONS AND ANSWERS SURE A+
✔✔Compensatory Damages - ✔✔Money awarded in civil court for tangible and
intangible damages caused by a policyholder.
✔✔Compensatory damages - Special - ✔✔Money awarded for the exact value of the
physical damage caused to the plaintiff up to the trial date. This is an objective value
determined by receipts and medical bills.
✔✔Compensatory damages - General - ✔✔Money awarded for the emotional losses of
the plaintiff that will continue after the trial date. These are a subjective value and are
determined by the court.
✔✔Competence - ✔✔One of the four qualifications of a legally binding contract. All
parties must be competent, with the necessary legal and mental capacity.
✔✔Complaint - ✔✔A complaint initiates a civil lawsuit by a claimant requesting financial
relief from damages caused by a policyholder.
✔✔Concealment - ✔✔The act of withholding relevant material facts from an insurer.
✔✔Conditions - ✔✔The section of a policy that qualifies or limits an insurer's promise to
pay or perform.
✔✔Consideration - ✔✔One of the four qualifications of a legally binding contract. All
parties must bring something of value to the contract.
✔✔Contract - ✔✔An agreement entered into voluntarily by two parties or more with the
intention of creating a legal obligation.
✔✔Coverages - ✔✔The amount and extent of protection provided by an insurance
policy.
,✔✔Crime - ✔✔An offense against the State or Federal Government, or a breach of law,
for which the offender shall make satisfaction to the public.
✔✔Criminal - ✔✔Someone who has been convicted of a criminal act in a court of law.
✔✔Crop Hail Insurance - ✔✔A form of Crop Yield Insurance that is usually provided by
private insurers without government subsidy. It offers named-peril protection on an
acreage basis.
✔✔Crop Insurance - ✔✔Insurance coverage designed to protect a farmer's financial
investment in his or her crops. Covers losses to a crop's profitability.
✔✔Crop Revenue Insurance - ✔✔Crop insurance that combines crop-yield insurance
and price insurance to protect against losses to crop value.
✔✔Crop Yield Insurance - ✔✔Crop insurance that covers physical losses to actual
crops.
✔✔Damages - general - ✔✔Intangible losses such as pain and suffering, or mental
anguish.
✔✔Damages - special - ✔✔Tangible, financial losses that can be documented.
✔✔Dangerous Instrumentality Doctrine - ✔✔States that anyone involved in the use of
inherently dangerous products or machines is held 100% liable for their own damages.
✔✔Dec Page - ✔✔Also called the Declarations Page. First page of a policy, which
provides a summary of the contract; includes names of insured, addresses, coverage
limits, policy period, etc.
✔✔Declined Coverage - ✔✔takes place when an insurance company rejects an
application for coverage.
✔✔Deductible - ✔✔Deductible: the amount the policyholder must pay out-of-pocket
before the insurance company will pay the remaining costs.
✔✔Deductible - fixed - ✔✔A fixed deductible is one specific, predetermined amount that
a policyholder must pay out-of-pocket before he can be indemnified.
✔✔Deductible - percentage - ✔✔A deductible that is calculated as a percentage of the
value of the insured risk.
✔✔Deductible - franchise - ✔✔A franchise deductible states that the policyholder only
pays for damages that are less than his deductible. If the cost of damages equals or
, exceeds his deductible, the insurer pays the full amount and the policyholder pays
nothing.
✔✔Defamation - ✔✔Damage to another's name or reputation, whether by libel, which is
in print, or by slander, which is in speech.
✔✔Default Judgement - ✔✔Default Judgement is entered by the court against the party
who failed to defend against a claim brought on by another party. In other words, if the
person fails to show up and answer the claim the court will find in favor of the other
party.
✔✔Definitions - ✔✔Page in policy that gives specific limited meaning to terms used in
policy.
✔✔Depreciation - ✔✔A decline in value of property caused by wear or loss of
usefulness usually measured by a specific formula.
✔✔Direct Loss - ✔✔Physical harm to tangible property caused by a peril.
✔✔Discoverable - ✔✔Capable of being demanded and handed over as evidence in a
court of law; during litigation proceedings, the adjuster's claims file is discoverable.
✔✔Eligiblity - ✔✔Eligibility Requirements are found in some insurance policies. They
identify the conditions that must be met by the policyholder in order to qualify for
coverage under a policy.
✔✔End of Insurance Date - ✔✔The date that crop insurance coverage will end. It is the
earliest of: total crop destruction, harvest of the crop, final adjustment of a loss,
abandonment of a crop, or a date predesignated by crop type.
✔✔Endorsement(s) - ✔✔An optional provision that can be added to a policy to
increase, reduce, or modify coverage for specific property types or perils.
✔✔Errors and Omissions - ✔✔Liability insurance that indemnifies professionals for
errors or oversights on the part of the insured that caused harm to their clients.
✔✔Estoppel - ✔✔A legal principle that bars a party from asserting something contrary
to what has been implied by his previous actions or statements.
✔✔Ethical - ✔✔Adhering to moral laws and to principles of fairness.
✔✔Evaluation - ✔✔Evaluation, determining the approximate value of damages relevant
to a claim i.e. total of medical bills, costs of repair & replacement of damaged property
and the consideration of the financial provisions of the insurance policy.
SCRIPT QUESTIONS AND ANSWERS SURE A+
✔✔Compensatory Damages - ✔✔Money awarded in civil court for tangible and
intangible damages caused by a policyholder.
✔✔Compensatory damages - Special - ✔✔Money awarded for the exact value of the
physical damage caused to the plaintiff up to the trial date. This is an objective value
determined by receipts and medical bills.
✔✔Compensatory damages - General - ✔✔Money awarded for the emotional losses of
the plaintiff that will continue after the trial date. These are a subjective value and are
determined by the court.
✔✔Competence - ✔✔One of the four qualifications of a legally binding contract. All
parties must be competent, with the necessary legal and mental capacity.
✔✔Complaint - ✔✔A complaint initiates a civil lawsuit by a claimant requesting financial
relief from damages caused by a policyholder.
✔✔Concealment - ✔✔The act of withholding relevant material facts from an insurer.
✔✔Conditions - ✔✔The section of a policy that qualifies or limits an insurer's promise to
pay or perform.
✔✔Consideration - ✔✔One of the four qualifications of a legally binding contract. All
parties must bring something of value to the contract.
✔✔Contract - ✔✔An agreement entered into voluntarily by two parties or more with the
intention of creating a legal obligation.
✔✔Coverages - ✔✔The amount and extent of protection provided by an insurance
policy.
,✔✔Crime - ✔✔An offense against the State or Federal Government, or a breach of law,
for which the offender shall make satisfaction to the public.
✔✔Criminal - ✔✔Someone who has been convicted of a criminal act in a court of law.
✔✔Crop Hail Insurance - ✔✔A form of Crop Yield Insurance that is usually provided by
private insurers without government subsidy. It offers named-peril protection on an
acreage basis.
✔✔Crop Insurance - ✔✔Insurance coverage designed to protect a farmer's financial
investment in his or her crops. Covers losses to a crop's profitability.
✔✔Crop Revenue Insurance - ✔✔Crop insurance that combines crop-yield insurance
and price insurance to protect against losses to crop value.
✔✔Crop Yield Insurance - ✔✔Crop insurance that covers physical losses to actual
crops.
✔✔Damages - general - ✔✔Intangible losses such as pain and suffering, or mental
anguish.
✔✔Damages - special - ✔✔Tangible, financial losses that can be documented.
✔✔Dangerous Instrumentality Doctrine - ✔✔States that anyone involved in the use of
inherently dangerous products or machines is held 100% liable for their own damages.
✔✔Dec Page - ✔✔Also called the Declarations Page. First page of a policy, which
provides a summary of the contract; includes names of insured, addresses, coverage
limits, policy period, etc.
✔✔Declined Coverage - ✔✔takes place when an insurance company rejects an
application for coverage.
✔✔Deductible - ✔✔Deductible: the amount the policyholder must pay out-of-pocket
before the insurance company will pay the remaining costs.
✔✔Deductible - fixed - ✔✔A fixed deductible is one specific, predetermined amount that
a policyholder must pay out-of-pocket before he can be indemnified.
✔✔Deductible - percentage - ✔✔A deductible that is calculated as a percentage of the
value of the insured risk.
✔✔Deductible - franchise - ✔✔A franchise deductible states that the policyholder only
pays for damages that are less than his deductible. If the cost of damages equals or
, exceeds his deductible, the insurer pays the full amount and the policyholder pays
nothing.
✔✔Defamation - ✔✔Damage to another's name or reputation, whether by libel, which is
in print, or by slander, which is in speech.
✔✔Default Judgement - ✔✔Default Judgement is entered by the court against the party
who failed to defend against a claim brought on by another party. In other words, if the
person fails to show up and answer the claim the court will find in favor of the other
party.
✔✔Definitions - ✔✔Page in policy that gives specific limited meaning to terms used in
policy.
✔✔Depreciation - ✔✔A decline in value of property caused by wear or loss of
usefulness usually measured by a specific formula.
✔✔Direct Loss - ✔✔Physical harm to tangible property caused by a peril.
✔✔Discoverable - ✔✔Capable of being demanded and handed over as evidence in a
court of law; during litigation proceedings, the adjuster's claims file is discoverable.
✔✔Eligiblity - ✔✔Eligibility Requirements are found in some insurance policies. They
identify the conditions that must be met by the policyholder in order to qualify for
coverage under a policy.
✔✔End of Insurance Date - ✔✔The date that crop insurance coverage will end. It is the
earliest of: total crop destruction, harvest of the crop, final adjustment of a loss,
abandonment of a crop, or a date predesignated by crop type.
✔✔Endorsement(s) - ✔✔An optional provision that can be added to a policy to
increase, reduce, or modify coverage for specific property types or perils.
✔✔Errors and Omissions - ✔✔Liability insurance that indemnifies professionals for
errors or oversights on the part of the insured that caused harm to their clients.
✔✔Estoppel - ✔✔A legal principle that bars a party from asserting something contrary
to what has been implied by his previous actions or statements.
✔✔Ethical - ✔✔Adhering to moral laws and to principles of fairness.
✔✔Evaluation - ✔✔Evaluation, determining the approximate value of damages relevant
to a claim i.e. total of medical bills, costs of repair & replacement of damaged property
and the consideration of the financial provisions of the insurance policy.
