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
Value of property based on the current cost to replace it
minus depreciation? - CORRECT ANSWER Actual Cash
Vale
This type of Auto Coverage pays for your damages if you
were involved in a hit and run: - CORRECT ANSWER
Uninsured Motorist
What is the cost associated with replacing property at
current market prices? - CORRECT ANSWER
Replacement Cost
The process when an insurer and insured have a dispute
regarding the amount of the damage: - CORRECT
ANSWER Appraisal
The intentional misrepresentation of a material fact that
may void a contract? - CORRECT ANSWER Fraud
, What is the type of negotiation that is also sometimes
called positional or hard-bargaining? - CORRECT
ANSWER Distributive
An event that results in an insured loss and damages? -
CORRECT ANSWER Occurrence
What is the period a policy is in force, from the beginning
or effective date? - CORRECT ANSWER Policy Period
The amount the insured must pay in a loss before any
payment is due? - CORRECT ANSWER Deductible
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
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
Value of property based on the current cost to replace it
minus depreciation? - CORRECT ANSWER Actual Cash
Vale
This type of Auto Coverage pays for your damages if you
were involved in a hit and run: - CORRECT ANSWER
Uninsured Motorist
What is the cost associated with replacing property at
current market prices? - CORRECT ANSWER
Replacement Cost
The process when an insurer and insured have a dispute
regarding the amount of the damage: - CORRECT
ANSWER Appraisal
The intentional misrepresentation of a material fact that
may void a contract? - CORRECT ANSWER Fraud
, What is the type of negotiation that is also sometimes
called positional or hard-bargaining? - CORRECT
ANSWER Distributive
An event that results in an insured loss and damages? -
CORRECT ANSWER Occurrence
What is the period a policy is in force, from the beginning
or effective date? - CORRECT ANSWER Policy Period
The amount the insured must pay in a loss before any
payment is due? - CORRECT ANSWER Deductible
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
