TEXAS PROPERTY AND CASUALTY EXAM NEWEST 2024 ACTUAL EXAM
QUESTIONS AND CORRECT DETAILED ANSWERS | ALREADY GRADED
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,TEXAS PROPERTY AND CASUALTY EXAM NEWEST 2024 ACTUAL EXAM
1.What is the principle of Indemnity?
Answer_
Returning insured to their pre- loss status.
2.What is the most common percentage of co-insurance ?
Answer_
18%
3. Where can an adjuster find perils covered in an insurance policy?
Answer_
Insurrant agreement
4. Which policy provision contains the policy territory?
Answer_
A waiver is a voluntary relinquishment of a given right.
5. Define wavier?
Answer_
A waiver is a voluntary relinquishment of a given right.
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, TEXAS PROPERTY AND CASUALTY EXAM NEWEST 2024 ACTUAL EXAM
6. What is pro-rata liability?
Answer_
Pro- rata liability is shared coverage paid proportionally.
7. What is a warranty and why is it so important to an insurance
company?
Answer_
A warranty is a guarantee of action, if not filled the policy is void.
8.Where would an adjuster find the name insured in an insurance
contract?
Answer_
You would find the name insured on the Dec. Page.
9. What is subrogation?
Answer_
SUbrogation is when an insurer writes to collect from the responsible ( at
fault) party.
10. Who has the right of salvage?
Answer_
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