Texas All Lines Adjuster [QUESTIONS AND
CORRECT ANSWERS) VERIFIED ANSWERS 2024/2025
What is the failure to use that degree of care which n
ordinary person of reasonable prudence would use under
similar circumstances? - CORRECT ANSWER
Negligence
What is a situation involving a person other than an
insured? - CORRECT ANSWER Third Party Loss
The insurer must review the claim and accept or reject
within how many days? - CORRECT ANSWER 15
calendar
Oral or written false statement that is malicious -
CORRECT ANSWER Defamation
Time requirements does the policy holder have to
complete the requirements that the insurer has requested?
- CORRECT ANSWER No requirements
Days for insurer to pay the claim - CORRECT ANSWER
5 business
Insurer must acknowledge the claim begin the
investigation, and request all the information needed in
, what time frame? - CORRECT ANSWER 15 Calendar
days
What must an insurer provide for the declination,
cancellation, or nonrenewal of an insurance policy? -
CORRECT ANSWER Written Statement
Established in 1991 to ensure prompt payment of
insurance claims? - CORRECT ANSWER Article 21.55
An insurer may not consider a _______ as a basis for
declination? - CORRECT ANSWER 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? - CORRECT
ANSWER 30
If the insurer needs additional time to evaluate and
investigate a claim, they can request how many additional
days? - CORRECT ANSWER 45 Calendar Days
Under the Texas HO-B, the structure is covered for what
type of losses? - CORRECT ANSWER All risk of
physical loss, unless excluded
Under the Texas HO-B, jewelry, watches, and furs are
limited to? - CORRECT ANSWER $500 for losses
caused by theft
CORRECT ANSWERS) VERIFIED ANSWERS 2024/2025
What is the failure to use that degree of care which n
ordinary person of reasonable prudence would use under
similar circumstances? - CORRECT ANSWER
Negligence
What is a situation involving a person other than an
insured? - CORRECT ANSWER Third Party Loss
The insurer must review the claim and accept or reject
within how many days? - CORRECT ANSWER 15
calendar
Oral or written false statement that is malicious -
CORRECT ANSWER Defamation
Time requirements does the policy holder have to
complete the requirements that the insurer has requested?
- CORRECT ANSWER No requirements
Days for insurer to pay the claim - CORRECT ANSWER
5 business
Insurer must acknowledge the claim begin the
investigation, and request all the information needed in
, what time frame? - CORRECT ANSWER 15 Calendar
days
What must an insurer provide for the declination,
cancellation, or nonrenewal of an insurance policy? -
CORRECT ANSWER Written Statement
Established in 1991 to ensure prompt payment of
insurance claims? - CORRECT ANSWER Article 21.55
An insurer may not consider a _______ as a basis for
declination? - CORRECT ANSWER 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? - CORRECT
ANSWER 30
If the insurer needs additional time to evaluate and
investigate a claim, they can request how many additional
days? - CORRECT ANSWER 45 Calendar Days
Under the Texas HO-B, the structure is covered for what
type of losses? - CORRECT ANSWER All risk of
physical loss, unless excluded
Under the Texas HO-B, jewelry, watches, and furs are
limited to? - CORRECT ANSWER $500 for losses
caused by theft
