2024 Texas Adjuster Exam Questions with
Verified Answers
If an automobile policy has split limits of 30/60/25. What is the maximum amount of liability coverage
that would be paid in a covered loss where three people are involved.
$30,000
Which of the following statements best describes an inland marine policy?
Pertains to Cargo with no fixed location
Alex is traveling through College Station and hits a deer, and the damages are $1500. He has
comprehensive coverage with a $500 deductible. What will you pay?
$1000
This department is responsible for making rates and determines the rates charged by the insurer
Actuarial department
Johnny has 30/60/25 limits on his auto policy, and he negligently ran into a parked car driven by Steve
Garcia. What is the maximum amount of coverage that can be provided for the damage to Steve's
car?
25,000
Your customer has HO-B homeowners policy with a Coverage A limit os $300,000. His mortgage
payment is $1,400 per month. He can't stay in his home for 1 month due to a claim that was caused
by smoke. He is staying in a local hotel for 1 month. The cost of the hotel is $900 for the moth. How
much will you pay your policyholder for Additional Living Expenses
$900
Insurance for ocean vessels is the ______ type of insurance?
oldest
Your insured has a homeowners policy with a Coverage A limit of $50,000, His coverage B limit is
$20,000. His deductible is 1%. He has 30 trees that are damaged during the fire. How much are you
going to pay on his claim?
2500
If you have a covered loss, in excess of a limit, you can apply that excess towards the deductible. This
best describes?
Absorbing the deductible
What type of contract exists when the insurance policy is valid even though there is an unequal
exchange?
Aleatory Contract
What is the intentional or unintentional impression by the insurance company that a certain fact
exists when it does not?
Estoppel
, An event that results in an insured loss / damages.
Occurrence
Joseph ross owns a 2014 Toyota Avalon. while at the mall shopping, someone hit his car and left a big
dent on the right side of his car. He does not know who hit his car, and there are no witnesses to this
accident. What type of insurance protection does he need to protect him from financial loss in this
situation
Comprehensive
Morris has a Texas Dwelling policy on his property. His property burns down in a fire. He claims that
he has also sustained a financial loss because he is not able to rent the property to his tenants. What
can you tell him?
He has coverage for loss of fair Rental Value
Method of dispute resolution that occurs when there is a dispute regarding whether or not something
is covered under the policy
Arbitration
A customer claims he tripped on a stair in John's Art Gallery and broke his leg. The only way the
customer will have a successful claim against John's insurance is?
John must be found legally liable for the incident
Janet thompson works for universal insurance company of Texas. She is involved in a work related
accident in the supply room. She immediately notifies her supervisor about the accident. Universal
insurance company must report the injuries within how many days of being notified of the injury?
8 days
Provisions in an insurance policy that indicates what is not covered?
Exclusions
As a public administrator you want to get insurance for your county's bridges and tunnels. What kind
of policy would you look for?
Inland Marine
Lewis has a Texas dwelling policy on his property in Lewisville Texas. His tenant called him to tell him
that the property was broke into and all of his contents were stolen. Lewis files a claim for his tenant's
stolen contents. What do you tell Lewis about his claim?
The contents are covered up to 10% of the Coverage B limit of liability.
Is the size of a loss, the extent of damages
Severity
What is the intentional relinquishment of a known right by the insurance company or agent upon
which the insured relies
Wavier
Verified Answers
If an automobile policy has split limits of 30/60/25. What is the maximum amount of liability coverage
that would be paid in a covered loss where three people are involved.
$30,000
Which of the following statements best describes an inland marine policy?
Pertains to Cargo with no fixed location
Alex is traveling through College Station and hits a deer, and the damages are $1500. He has
comprehensive coverage with a $500 deductible. What will you pay?
$1000
This department is responsible for making rates and determines the rates charged by the insurer
Actuarial department
Johnny has 30/60/25 limits on his auto policy, and he negligently ran into a parked car driven by Steve
Garcia. What is the maximum amount of coverage that can be provided for the damage to Steve's
car?
25,000
Your customer has HO-B homeowners policy with a Coverage A limit os $300,000. His mortgage
payment is $1,400 per month. He can't stay in his home for 1 month due to a claim that was caused
by smoke. He is staying in a local hotel for 1 month. The cost of the hotel is $900 for the moth. How
much will you pay your policyholder for Additional Living Expenses
$900
Insurance for ocean vessels is the ______ type of insurance?
oldest
Your insured has a homeowners policy with a Coverage A limit of $50,000, His coverage B limit is
$20,000. His deductible is 1%. He has 30 trees that are damaged during the fire. How much are you
going to pay on his claim?
2500
If you have a covered loss, in excess of a limit, you can apply that excess towards the deductible. This
best describes?
Absorbing the deductible
What type of contract exists when the insurance policy is valid even though there is an unequal
exchange?
Aleatory Contract
What is the intentional or unintentional impression by the insurance company that a certain fact
exists when it does not?
Estoppel
, An event that results in an insured loss / damages.
Occurrence
Joseph ross owns a 2014 Toyota Avalon. while at the mall shopping, someone hit his car and left a big
dent on the right side of his car. He does not know who hit his car, and there are no witnesses to this
accident. What type of insurance protection does he need to protect him from financial loss in this
situation
Comprehensive
Morris has a Texas Dwelling policy on his property. His property burns down in a fire. He claims that
he has also sustained a financial loss because he is not able to rent the property to his tenants. What
can you tell him?
He has coverage for loss of fair Rental Value
Method of dispute resolution that occurs when there is a dispute regarding whether or not something
is covered under the policy
Arbitration
A customer claims he tripped on a stair in John's Art Gallery and broke his leg. The only way the
customer will have a successful claim against John's insurance is?
John must be found legally liable for the incident
Janet thompson works for universal insurance company of Texas. She is involved in a work related
accident in the supply room. She immediately notifies her supervisor about the accident. Universal
insurance company must report the injuries within how many days of being notified of the injury?
8 days
Provisions in an insurance policy that indicates what is not covered?
Exclusions
As a public administrator you want to get insurance for your county's bridges and tunnels. What kind
of policy would you look for?
Inland Marine
Lewis has a Texas dwelling policy on his property in Lewisville Texas. His tenant called him to tell him
that the property was broke into and all of his contents were stolen. Lewis files a claim for his tenant's
stolen contents. What do you tell Lewis about his claim?
The contents are covered up to 10% of the Coverage B limit of liability.
Is the size of a loss, the extent of damages
Severity
What is the intentional relinquishment of a known right by the insurance company or agent upon
which the insured relies
Wavier
