Summary Texas All Lines Adjuster License Study Guide
2023 Complete Solutions Verified
Staff Adjuster
Adjusters who work exclusively for an insurance company
Independent adjuster
An individual who is employed as an independent contractor to an adjusting / staffing
company and handles claims for an insurance company
Public adjuster
Adjusters that represent the insured by negotiating claims with the insurance company.
Insurer
Any insurance company or self-insured. An organization or entity that facilitates the
pooling of funds and the payment of benefits (second party).
Insured
A person or organization covered by an insurance policy. (first party)
Claimant
A person or organization making a claim against an insured. (third-party)
Commissioner
A State officer who administers insurance laws and regulations.
TDI
Texas Department of Insurance
Licensee
An individual holding a license under the authority of the Texas Insurance codes.
Provider
An individual or organization including a corporation, partnership, depository institution,
insurance company, or entity chartered by the Farm Credit Administration as defined in
the insurance code, registered with the Department to offer continuing education
courses for licenses and/or pre-licensing instruction for Adjusters.
Texas department of insurance license number
an identification number that the department assigns to the licensee located on the
adjuster's license certificate
How many questions are on the all lines adjuster test and how long do students have to
take it?
150 questions and 180 minutes
What does DTPA stand for?
Deceptive Trade Practices Act
Negligence
failure to use the care that a reasonable and prudent person would have used under the
same or similar circumstances. (unintentional tort)
Intentional torts
Acts committed without negligence but resulting in damages
Strict liability
also referred to as absolute liability, meaning not dependent on negligence or intent to
harm, but based on the theory of the duty of making something safe that is inherently
dangerous.
, Name the five parts of a typical homeowner's policy - Coverages A-E
A, main dwelling.
B, other structures.
C, personal property or contents.
D, loss of use (ALE).
E, other coverages which would include endorsements.
Replacement cost (RC or RCV)
This is what the insured would pay to rebuild or repair the home based on current
construction cost. this is different from market value and does not include the value of
the land.62
Actual cash value (ACV)
This is the replacement cost of a property minus depreciation from age or condition
These are available if the insured wants more coverage than a policy provides for
certain items. Some of the most common of these expand or increase coverage for
jewelry, Fine Arts, camera equipment, coin or stamp collections, computer equipment,
radio and television satellite dishes as well as antennas.
Endorsements
How long does the insured have to provide an itemized list of the household items lost
or damaged and the cost of repairing them after reporting a loss?
60 days
If the house has a mortgage on it, who is the check made out to for a claim?
Checks are made payable to the insured and the lienholder
Repairs must be completed in ______ days (& contractor's bill received) in order for the
2nd check for the recoverable depreciation to be sent?
365
An insured or claimant may submit a written request for an additional _____ days for the
completion of repairs (to receive a 2nd check for the recoverable depreciation)?
180
abandonment
the relinquishing ownership of damaged property to the insurance company on a partial
loss
actual cash value (ACV)
the replacement cost of like kind and quantity at the time of loss, less a reasonable
amount of depreciation due to age and condition
additional living expense (ALE)
the necessary increase in living expense resulting from a loss by a covered Peril, and
incurred by the insured, to continue the normal standard of living of the named insured's
household
adjuster
an individual who investigates or adjusts losses on behalf of either an insurer or self-
insured, or any person who supervises the handling of claims
agent
an individual who sells Insurance, either an independent ______ who represents many
insurance companies or an exclusive ______ who only represents one insurance
company
Amendment
2023 Complete Solutions Verified
Staff Adjuster
Adjusters who work exclusively for an insurance company
Independent adjuster
An individual who is employed as an independent contractor to an adjusting / staffing
company and handles claims for an insurance company
Public adjuster
Adjusters that represent the insured by negotiating claims with the insurance company.
Insurer
Any insurance company or self-insured. An organization or entity that facilitates the
pooling of funds and the payment of benefits (second party).
Insured
A person or organization covered by an insurance policy. (first party)
Claimant
A person or organization making a claim against an insured. (third-party)
Commissioner
A State officer who administers insurance laws and regulations.
TDI
Texas Department of Insurance
Licensee
An individual holding a license under the authority of the Texas Insurance codes.
Provider
An individual or organization including a corporation, partnership, depository institution,
insurance company, or entity chartered by the Farm Credit Administration as defined in
the insurance code, registered with the Department to offer continuing education
courses for licenses and/or pre-licensing instruction for Adjusters.
Texas department of insurance license number
an identification number that the department assigns to the licensee located on the
adjuster's license certificate
How many questions are on the all lines adjuster test and how long do students have to
take it?
150 questions and 180 minutes
What does DTPA stand for?
Deceptive Trade Practices Act
Negligence
failure to use the care that a reasonable and prudent person would have used under the
same or similar circumstances. (unintentional tort)
Intentional torts
Acts committed without negligence but resulting in damages
Strict liability
also referred to as absolute liability, meaning not dependent on negligence or intent to
harm, but based on the theory of the duty of making something safe that is inherently
dangerous.
, Name the five parts of a typical homeowner's policy - Coverages A-E
A, main dwelling.
B, other structures.
C, personal property or contents.
D, loss of use (ALE).
E, other coverages which would include endorsements.
Replacement cost (RC or RCV)
This is what the insured would pay to rebuild or repair the home based on current
construction cost. this is different from market value and does not include the value of
the land.62
Actual cash value (ACV)
This is the replacement cost of a property minus depreciation from age or condition
These are available if the insured wants more coverage than a policy provides for
certain items. Some of the most common of these expand or increase coverage for
jewelry, Fine Arts, camera equipment, coin or stamp collections, computer equipment,
radio and television satellite dishes as well as antennas.
Endorsements
How long does the insured have to provide an itemized list of the household items lost
or damaged and the cost of repairing them after reporting a loss?
60 days
If the house has a mortgage on it, who is the check made out to for a claim?
Checks are made payable to the insured and the lienholder
Repairs must be completed in ______ days (& contractor's bill received) in order for the
2nd check for the recoverable depreciation to be sent?
365
An insured or claimant may submit a written request for an additional _____ days for the
completion of repairs (to receive a 2nd check for the recoverable depreciation)?
180
abandonment
the relinquishing ownership of damaged property to the insurance company on a partial
loss
actual cash value (ACV)
the replacement cost of like kind and quantity at the time of loss, less a reasonable
amount of depreciation due to age and condition
additional living expense (ALE)
the necessary increase in living expense resulting from a loss by a covered Peril, and
incurred by the insured, to continue the normal standard of living of the named insured's
household
adjuster
an individual who investigates or adjusts losses on behalf of either an insurer or self-
insured, or any person who supervises the handling of claims
agent
an individual who sells Insurance, either an independent ______ who represents many
insurance companies or an exclusive ______ who only represents one insurance
company
Amendment
