TEXAS ALL LINES ADJUSTER
EXAM BRAND NEW!! 2023-
2024 (300+ QUESTIONS AND
CORRECT ANSWERS)
VERIFIED ANSWERS
What is the failure to use that degree of care which n ordinary
person of reasonable prudence would use under similar
circumstances? - -Negligence
-What is a situation involving a person other than an insured? - -
Third Party Loss
-What is the responsibility to another for one's negligence? - -
Liability
-Mary has a homeowner's policy. Her Coverage A limit of
liability is $250,000 and her Coverage B limit of liability is
$125,000. Her policy has a 2% deductible. What is her
deductible? - -$5,000
-The part of the insurance policy that details the rights and
duties of the insured and the insurance company in the policy? -
-Conditions
-What is a partial legal defense that reduces the amount of
damages that a person can recover based upon the amount that
this person's own negligence contributed to the loss? - -
Comparative Negligence
-Value of property based on the current cost to replace it minus
depreciation? - -Actual Cash Vale
, -This type of Auto Coverage pays for your damages if you were
involved in a hit and run: - -Uninsured Motorist
-What is the cost associated with replacing property at current
market prices? - -Replacement Cost
-The process when an insurer and insured have a dispute
regarding the amount of the damage: - -Appraisal
-The intentional misrepresentation of a material fact that may
void a contract? - -Fraud
-What is the type of negotiation that is also sometimes called
positional or hard-bargaining? - -Distributive
-An event that results in an insured loss and damages? - -
Occurrence
-What is the period a policy is in force, from the beginning or
effective date? - -Policy Period
-The amount the insured must pay in a loss before any payment
is due? - -Deductible
-The insurer must review the claim and accept or reject within
how many days? - -15 calendar
-Oral or written false statement that is malicious - -Defamation
-Time requirements does the policy holder have to complete the
requirements that the insurer has requested? - -No requirements
-Days for insurer to pay the claim - -5 business
-Insurer must acknowledge the claim begin the investigation,
and request all the information needed in what time frame? - -15
Calendar days
, -What must an insurer provide for the declination, cancellation,
or nonrenewal of an insurance policy? - -Written Statement
-Established in 1991 to ensure prompt payment of insurance
claims? - -Article 21.55
-An insurer may not consider a _______ as a basis for declination?
- -Customer Inquiry
-An insurer may refuse to renew a policy if the insurer has
mailed notice of nonrenewal to the insured at least_____ days
before the policy's expiration date? - -30
-If the insurer needs additional time to evaluate and investigate
a claim, they can request how many additional days? - -45
Calendar Days
-Under the Texas HO-B, the structure is covered for what type of
losses? - -All risk of physical loss, unless excluded
-Under the Texas HO-B, jewelry, watches, and furs are limited
to? - -$500 for losses caused by theft
-Under the Texas HO-B policy, the most paid for a tree? - -$250
-The Special Limit of Liability for Bullion/ Valuable Papers is? - -
$500
-HO-B policy, you would choose the Deductible Clause 1 for
losses caused by? - -Windstorm, Hurricane, Hail
-Trees, shrubs, plants, and lawns are not covered for losses
caused by? - -Windstorm
-If your policyholder has a percentage deductible, how do you
determine what the deductible amount is? - -Apply the
percentage to Coverage A limit of liability
, -What is a crucial element to the adjustment process? - -Claim
investigation
-The adjuster must set appointment ______ to meet both the
needs of the adjuster and the policyholder? - -At reasonable
times
-What should adjusters do to obtain a fair and equitable
settlement? - -Work in Good Faith
-What should you do to make sure your policyholder always
stays informed? - -Timely Follow Up
-The claim activit log must be clear, concise, factual, and
always? - -Up to date
-Adjuster should make initial contact within - -24 hours
-Adjusters should remain... - -calm and professional
-The employee has to report injury in ____ days - -30 days
-Two examples of compensation provided by worker's
compensation? - -Paying for medical bills and replacing bills
-How many types of worker' comp disability? - -4
-Workers Compensation provides income and medical if they
are? - -Injured on the job?
-An employee of Office of Injured Employee Counsel is known
as? - -Ombudsman
-Employer must report injuries within___? - -8 days
-Four Categories of Workers Compensation laws? - -Disability,
Medical, Survivor, Rehab
EXAM BRAND NEW!! 2023-
2024 (300+ QUESTIONS AND
CORRECT ANSWERS)
VERIFIED ANSWERS
What is the failure to use that degree of care which n ordinary
person of reasonable prudence would use under similar
circumstances? - -Negligence
-What is a situation involving a person other than an insured? - -
Third Party Loss
-What is the responsibility to another for one's negligence? - -
Liability
-Mary has a homeowner's policy. Her Coverage A limit of
liability is $250,000 and her Coverage B limit of liability is
$125,000. Her policy has a 2% deductible. What is her
deductible? - -$5,000
-The part of the insurance policy that details the rights and
duties of the insured and the insurance company in the policy? -
-Conditions
-What is a partial legal defense that reduces the amount of
damages that a person can recover based upon the amount that
this person's own negligence contributed to the loss? - -
Comparative Negligence
-Value of property based on the current cost to replace it minus
depreciation? - -Actual Cash Vale
, -This type of Auto Coverage pays for your damages if you were
involved in a hit and run: - -Uninsured Motorist
-What is the cost associated with replacing property at current
market prices? - -Replacement Cost
-The process when an insurer and insured have a dispute
regarding the amount of the damage: - -Appraisal
-The intentional misrepresentation of a material fact that may
void a contract? - -Fraud
-What is the type of negotiation that is also sometimes called
positional or hard-bargaining? - -Distributive
-An event that results in an insured loss and damages? - -
Occurrence
-What is the period a policy is in force, from the beginning or
effective date? - -Policy Period
-The amount the insured must pay in a loss before any payment
is due? - -Deductible
-The insurer must review the claim and accept or reject within
how many days? - -15 calendar
-Oral or written false statement that is malicious - -Defamation
-Time requirements does the policy holder have to complete the
requirements that the insurer has requested? - -No requirements
-Days for insurer to pay the claim - -5 business
-Insurer must acknowledge the claim begin the investigation,
and request all the information needed in what time frame? - -15
Calendar days
, -What must an insurer provide for the declination, cancellation,
or nonrenewal of an insurance policy? - -Written Statement
-Established in 1991 to ensure prompt payment of insurance
claims? - -Article 21.55
-An insurer may not consider a _______ as a basis for declination?
- -Customer Inquiry
-An insurer may refuse to renew a policy if the insurer has
mailed notice of nonrenewal to the insured at least_____ days
before the policy's expiration date? - -30
-If the insurer needs additional time to evaluate and investigate
a claim, they can request how many additional days? - -45
Calendar Days
-Under the Texas HO-B, the structure is covered for what type of
losses? - -All risk of physical loss, unless excluded
-Under the Texas HO-B, jewelry, watches, and furs are limited
to? - -$500 for losses caused by theft
-Under the Texas HO-B policy, the most paid for a tree? - -$250
-The Special Limit of Liability for Bullion/ Valuable Papers is? - -
$500
-HO-B policy, you would choose the Deductible Clause 1 for
losses caused by? - -Windstorm, Hurricane, Hail
-Trees, shrubs, plants, and lawns are not covered for losses
caused by? - -Windstorm
-If your policyholder has a percentage deductible, how do you
determine what the deductible amount is? - -Apply the
percentage to Coverage A limit of liability
, -What is a crucial element to the adjustment process? - -Claim
investigation
-The adjuster must set appointment ______ to meet both the
needs of the adjuster and the policyholder? - -At reasonable
times
-What should adjusters do to obtain a fair and equitable
settlement? - -Work in Good Faith
-What should you do to make sure your policyholder always
stays informed? - -Timely Follow Up
-The claim activit log must be clear, concise, factual, and
always? - -Up to date
-Adjuster should make initial contact within - -24 hours
-Adjusters should remain... - -calm and professional
-The employee has to report injury in ____ days - -30 days
-Two examples of compensation provided by worker's
compensation? - -Paying for medical bills and replacing bills
-How many types of worker' comp disability? - -4
-Workers Compensation provides income and medical if they
are? - -Injured on the job?
-An employee of Office of Injured Employee Counsel is known
as? - -Ombudsman
-Employer must report injuries within___? - -8 days
-Four Categories of Workers Compensation laws? - -Disability,
Medical, Survivor, Rehab
