SUPER-DUPER TEXAS ADJUSTER LICENSE NEWEST 2024
ACTUAL EXAM COMPLETE 300 QUESTIONS AND
CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |
ALREADY GRADED A+
When a regular bill of lading is issued, who will be responsible for the invoice cost of
any damaged property?
A The person to whom the goods are being shipped
B The shipper
C The driver of the truck
D The carrier - ANSWER: D The carrier
When a regular bill of lading is issued, the carrier will be responsible for the invoice
cost of any damaged property, and the shipper does not have to specifically declare
a value.
Which inland marine form would provide the best protection for a dry cleaning
company against loss or damage to their customer's property while in the care,
custody, and control of the dry cleaners?
A Furriers block policy
B Personal property coverage part
C Vendor's single interest policy
D Bailee's customer policy - ANSWER: D Bailee's customer policy
A bailee's policy does not cover property of the insured, but does cover their
customer's property while in the care of the insured.
Coverage under the builders risk form will end in all of the following situations
EXCEPT
A The insured has sold the property.
B 60 days after the construction has ended.
C Construction has been abandoned.
D 60 days after the building became occupied. - ANSWER: B 60 days after the
construction has ended.
Coverage under the builders risk form ends if it is abandoned without any plans to
complete it or if the insured's interest in the property ceases, or 60 days after the
building is occupied, or 90 days after construction is completed.
Which of the following is NOT found in a commercial package policy?
A Certificate of authority
,B Common policy conditions
C Common policy declarations
D Interline endorsements - ANSWER: A Certificate of authority
Regardless of how the policy is written, it will be comprised of the following
essential elements: common policy declarations page, common policy conditions,
interline endorsements, and coverage parts.
The mobilehome endorsement alters the homeowners policy to cover a mobilehome
and other structures on land
A Leased by the owner of the land.
B Owned or leased by the resident of the mobilehome.
C Owned or leased by a landlord who does not reside on the premises.
D Owned by a landlord who does not use the mobilehome located on it. - ANSWER:
B Owned or leased by the resident of the mobilehome.
The mobilehome endorsement alters the homeowners policy to cover a mobilehome
and other structures on land owned or leased by the resident of the mobilehome.
Under the additional living expenses coverage, if a civil authority prohibits the
insured from using the dwelling because of direct damage to a neighboring location
from a peril covered in the insured's policy, loss would be covered for up to
A 1 month.
B 90 days.
C 1 week.
D 2 weeks - ANSWER: D 2 weeks
A dwelling policy will pay loss of use due to civil authority for a maximum of two
weeks.
In a commercial package policy, who may cancel the policy in writing and make
changes to the policy with the consent of the insurer?
A Insurer
B First named insured
C Last named insured
D Beneficiary - ANSWER: B First named insured
Some commercial policies may have more than one named insured. Complications
and confusion over contractual duties are reduced by making the insurer and the
first named insured the primary parties for carrying out responsibilities.
To be eligible for businessowners policy (BOP) coverage, an office building CANNOT
be higher than
,A 2 stories.
B 3 stories.
C 6 stories.
D 10 stories. - ANSWER: C 6 stories.
Office buildings eligible for coverage under BOP may not be more than 6 stories high
and more than 100,000 square feet.
An installation floater is used to insure
A Appliances intended to become a permanent part of the building.
B Buildings under construction.
C All types of for-sale merchandise.
D Dams, power plants, water plants, and other such installations. - ANSWER: A
Appliances intended to become a permanent part of the building.
The installation floater covers the interest of the owner, seller, or contractor of
refrigeration systems, elevators, or other pieces of large equipment intended to
become a permanent part of the building on location awaiting or in the process of
being installed or tested.
The extra expense coverage form provides
A Extra money for an insured whose accounts receivable records have been
damaged.
B Additional money to pay for property damage losses at a covered location.
C Payment for unforeseen expenses an insured may incur while the business is shut
down following a property damage loss.
D Coverage that will permit the insured to continue in business without interruption
following a property damage loss. - ANSWER: D Coverage that will permit the insured
to continue in business without interruption following a property damage loss.
Extra expense coverage is for money spent to minimize a business interruption after
a direct property loss.
Which of the following losses would NOT be covered by the dwelling policy if the
dwelling is vacant for over 60 days?
A Windstorm
B Internal explosion
C Vandalism
D Fire - ANSWER: C Vandalism
Under a dwelling policy, vandalism and malicious mischief (VMM) coverage is
suspended after 60 days.
, The Physicians and Surgeons Equipment Floater in NOT intended for which of the
following?
A Medical supplies located in a hospital
B Surgeon's supplies located in the surgeon's office
C Waiting room furniture in a doctor's office
D Office equipment located in a dentist's office - ANSWER: A Medical supplies
located in a hospital
This coverage form protects individuals in the medical or dental profession for loss
to valuable medical and dental equipment, materials and supplies, including office
equipment and furniture, and similar property of others. Coverage is not intended
for hospitals, schools or other institutions.
All of the following are special personal property limits under a homeowners policy
EXCEPT
A $500 for business personal property on the insured premises.
B $1,500 for securities, accounts, deeds, and evidences of debt.
C $1,500 for trailers not used with watercraft.
D $2,500 for theft of firearms. - ANSWER: A $500 for business personal property on
the insured premises.
HO forms place a $2,500 limit for business personal property that applies on
premises only. A limit of $500 applies to loss of business personal property while
away from the premises.
Coverage under a Floor Plan Merchandise form is written on a reporting form basis
that requires the insured to file reports with the insurer. What is the time frame for
those reports?
A By the 15th of each month
B 20 days after the report is due
C Within 30 days after the end of each month
D Within the first 10 days of each month - ANSWER: C Within 30 days after the end
of each month
Coverage is written on a reporting form basis that requires the insured to file reports
with the insurer within 30 days after the end of each month.
A commercial property special form covers property in transit up to
A $5,000.
B ACV.
C $500.
D Full replacement cost. - ANSWER: A $5,000.
ACTUAL EXAM COMPLETE 300 QUESTIONS AND
CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |
ALREADY GRADED A+
When a regular bill of lading is issued, who will be responsible for the invoice cost of
any damaged property?
A The person to whom the goods are being shipped
B The shipper
C The driver of the truck
D The carrier - ANSWER: D The carrier
When a regular bill of lading is issued, the carrier will be responsible for the invoice
cost of any damaged property, and the shipper does not have to specifically declare
a value.
Which inland marine form would provide the best protection for a dry cleaning
company against loss or damage to their customer's property while in the care,
custody, and control of the dry cleaners?
A Furriers block policy
B Personal property coverage part
C Vendor's single interest policy
D Bailee's customer policy - ANSWER: D Bailee's customer policy
A bailee's policy does not cover property of the insured, but does cover their
customer's property while in the care of the insured.
Coverage under the builders risk form will end in all of the following situations
EXCEPT
A The insured has sold the property.
B 60 days after the construction has ended.
C Construction has been abandoned.
D 60 days after the building became occupied. - ANSWER: B 60 days after the
construction has ended.
Coverage under the builders risk form ends if it is abandoned without any plans to
complete it or if the insured's interest in the property ceases, or 60 days after the
building is occupied, or 90 days after construction is completed.
Which of the following is NOT found in a commercial package policy?
A Certificate of authority
,B Common policy conditions
C Common policy declarations
D Interline endorsements - ANSWER: A Certificate of authority
Regardless of how the policy is written, it will be comprised of the following
essential elements: common policy declarations page, common policy conditions,
interline endorsements, and coverage parts.
The mobilehome endorsement alters the homeowners policy to cover a mobilehome
and other structures on land
A Leased by the owner of the land.
B Owned or leased by the resident of the mobilehome.
C Owned or leased by a landlord who does not reside on the premises.
D Owned by a landlord who does not use the mobilehome located on it. - ANSWER:
B Owned or leased by the resident of the mobilehome.
The mobilehome endorsement alters the homeowners policy to cover a mobilehome
and other structures on land owned or leased by the resident of the mobilehome.
Under the additional living expenses coverage, if a civil authority prohibits the
insured from using the dwelling because of direct damage to a neighboring location
from a peril covered in the insured's policy, loss would be covered for up to
A 1 month.
B 90 days.
C 1 week.
D 2 weeks - ANSWER: D 2 weeks
A dwelling policy will pay loss of use due to civil authority for a maximum of two
weeks.
In a commercial package policy, who may cancel the policy in writing and make
changes to the policy with the consent of the insurer?
A Insurer
B First named insured
C Last named insured
D Beneficiary - ANSWER: B First named insured
Some commercial policies may have more than one named insured. Complications
and confusion over contractual duties are reduced by making the insurer and the
first named insured the primary parties for carrying out responsibilities.
To be eligible for businessowners policy (BOP) coverage, an office building CANNOT
be higher than
,A 2 stories.
B 3 stories.
C 6 stories.
D 10 stories. - ANSWER: C 6 stories.
Office buildings eligible for coverage under BOP may not be more than 6 stories high
and more than 100,000 square feet.
An installation floater is used to insure
A Appliances intended to become a permanent part of the building.
B Buildings under construction.
C All types of for-sale merchandise.
D Dams, power plants, water plants, and other such installations. - ANSWER: A
Appliances intended to become a permanent part of the building.
The installation floater covers the interest of the owner, seller, or contractor of
refrigeration systems, elevators, or other pieces of large equipment intended to
become a permanent part of the building on location awaiting or in the process of
being installed or tested.
The extra expense coverage form provides
A Extra money for an insured whose accounts receivable records have been
damaged.
B Additional money to pay for property damage losses at a covered location.
C Payment for unforeseen expenses an insured may incur while the business is shut
down following a property damage loss.
D Coverage that will permit the insured to continue in business without interruption
following a property damage loss. - ANSWER: D Coverage that will permit the insured
to continue in business without interruption following a property damage loss.
Extra expense coverage is for money spent to minimize a business interruption after
a direct property loss.
Which of the following losses would NOT be covered by the dwelling policy if the
dwelling is vacant for over 60 days?
A Windstorm
B Internal explosion
C Vandalism
D Fire - ANSWER: C Vandalism
Under a dwelling policy, vandalism and malicious mischief (VMM) coverage is
suspended after 60 days.
, The Physicians and Surgeons Equipment Floater in NOT intended for which of the
following?
A Medical supplies located in a hospital
B Surgeon's supplies located in the surgeon's office
C Waiting room furniture in a doctor's office
D Office equipment located in a dentist's office - ANSWER: A Medical supplies
located in a hospital
This coverage form protects individuals in the medical or dental profession for loss
to valuable medical and dental equipment, materials and supplies, including office
equipment and furniture, and similar property of others. Coverage is not intended
for hospitals, schools or other institutions.
All of the following are special personal property limits under a homeowners policy
EXCEPT
A $500 for business personal property on the insured premises.
B $1,500 for securities, accounts, deeds, and evidences of debt.
C $1,500 for trailers not used with watercraft.
D $2,500 for theft of firearms. - ANSWER: A $500 for business personal property on
the insured premises.
HO forms place a $2,500 limit for business personal property that applies on
premises only. A limit of $500 applies to loss of business personal property while
away from the premises.
Coverage under a Floor Plan Merchandise form is written on a reporting form basis
that requires the insured to file reports with the insurer. What is the time frame for
those reports?
A By the 15th of each month
B 20 days after the report is due
C Within 30 days after the end of each month
D Within the first 10 days of each month - ANSWER: C Within 30 days after the end
of each month
Coverage is written on a reporting form basis that requires the insured to file reports
with the insurer within 30 days after the end of each month.
A commercial property special form covers property in transit up to
A $5,000.
B ACV.
C $500.
D Full replacement cost. - ANSWER: A $5,000.
