TEXAS ALL LINES ADJUSTER EXAM ACTUAL EXAM
2024
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
2024
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
