USAA Licensing Exam Latest Update 2024-2025
Actual Exam from Credible Source with 270
Questions and 100% Verified Detailed Correct
Answers Guaranteed A+ Approved by Professor
##/##/## - CORRECT ANSWER: BI-any one person/BI-for the whole accident/Property
Damage for any one accident
$25,000? - CORRECT ANSWER: The most PD liability that will be paid for any one
accident.
$60,000? - CORRECT ANSWER: The most BI liability paid as a result of any one
accident, regardless of the number of BI claims
1. Coverage is not listed for the peril/hazard
2. The insured is not liable for the damage - CORRECT ANSWER: What are the two
reasons a claim would be denied?
10-days - CORRECT ANSWER: How many days' advance notice is an adjuster entitled
to receive in the event of a hearing with the Texas Department of Insurance?
15 Business days - CORRECT ANSWER: How many days does an adjust have to
accept or reject the claim after he receives complete information?
15 days - CORRECT ANSWER: How many days does an adjust have to acknowledge
the claim
24-hours - CORRECT ANSWER: A licensed property and casualty adjuster must
complete how many hours of continuing education within a 2 year licensing period?
5 calendar days - CORRECT ANSWER: How many days does an adjuster have to send
the check after he agrees to pay the claim?
,A Foreign Insurer - CORRECT ANSWER: An insurer domiciled outside the state where
she writes business is called a (____)
A Property and Casualty Adjuster licenses allows? - CORRECT ANSWER: This license
allows a person to adjust or supervise claims in all areas of property and casualty
insurance EXECPT workers' compensation.
A Staff Adjuster - CORRECT ANSWER: A (_____) is on the payroll of an insurance
company and is paid a salary or by the hour
A surety bond protects the? - CORRECT ANSWER: The obligee
Absolute Liability - CORRECT ANSWER: Liability without fault; duty owed and duty
breached; established by society (Personal Exposure) Pools, pets, firearms
Accident is? - CORRECT ANSWER: A sudden and unforeseen event at a fixed time and
place that causes BI or PD loss
Adjuster - CORRECT ANSWER: According to the Texas Insurance Code, any person
who investigates or adjusts losses, or any person who supervises the handling of claims
must be licensed as an (_______________)
Aggregate limit is? - CORRECT ANSWER: Business or commercial limit. Maximum
coverage during the entire policy period.
Alien Insurer - CORRECT ANSWER: An insurer organized and domiciled outside the
United States is called an (_____)
An individual must be what age to receive their property and casualty adjuster license? -
CORRECT ANSWER: 18 years old
, An insurance policy is prepared by the insurance company, with little or no input from
the insured. This means that an insurance police is - CORRECT ANSWER: An adhesion
contract
An occurrence form involves the what coverage company? - CORRECT ANSWER: The
company providing the insurance at the time of the occurrence.
An unfair claims settlement practice - CORRECT ANSWER: If the adjuster tells the
insured that he has no coverage under a policy when the coverage really exists, this
would be an example of what type of claims settlement practice?
An unfair claims settlement practice. - CORRECT ANSWER: If an adjuster were to deny
a claim without providing the policyholder with a reasonable explanation for the denial,
this would be an example of what type of claims settlement practice?
Arbitration in NOT? - CORRECT ANSWER: Required in Texas!
Arbitration involves what type of issue? - CORRECT ANSWER: Coverage Issues
Are endorsements done verbally? - CORRECT ANSWER: No they are done in writing
B.O.P is restricted to what type of business? - CORRECT ANSWER: Small businesses
policy, think mom and pop with tight supervision and low claims, low risk.
BAILED - CORRECT ANSWER: B- Bonds
A- First Aid at the scene of the accident
I - Interest on judgments against insured
L- Loss of earnings for the first policyholders
E- Expenses determined by the adjuster
D- Defense and investigation costs
Actual Exam from Credible Source with 270
Questions and 100% Verified Detailed Correct
Answers Guaranteed A+ Approved by Professor
##/##/## - CORRECT ANSWER: BI-any one person/BI-for the whole accident/Property
Damage for any one accident
$25,000? - CORRECT ANSWER: The most PD liability that will be paid for any one
accident.
$60,000? - CORRECT ANSWER: The most BI liability paid as a result of any one
accident, regardless of the number of BI claims
1. Coverage is not listed for the peril/hazard
2. The insured is not liable for the damage - CORRECT ANSWER: What are the two
reasons a claim would be denied?
10-days - CORRECT ANSWER: How many days' advance notice is an adjuster entitled
to receive in the event of a hearing with the Texas Department of Insurance?
15 Business days - CORRECT ANSWER: How many days does an adjust have to
accept or reject the claim after he receives complete information?
15 days - CORRECT ANSWER: How many days does an adjust have to acknowledge
the claim
24-hours - CORRECT ANSWER: A licensed property and casualty adjuster must
complete how many hours of continuing education within a 2 year licensing period?
5 calendar days - CORRECT ANSWER: How many days does an adjuster have to send
the check after he agrees to pay the claim?
,A Foreign Insurer - CORRECT ANSWER: An insurer domiciled outside the state where
she writes business is called a (____)
A Property and Casualty Adjuster licenses allows? - CORRECT ANSWER: This license
allows a person to adjust or supervise claims in all areas of property and casualty
insurance EXECPT workers' compensation.
A Staff Adjuster - CORRECT ANSWER: A (_____) is on the payroll of an insurance
company and is paid a salary or by the hour
A surety bond protects the? - CORRECT ANSWER: The obligee
Absolute Liability - CORRECT ANSWER: Liability without fault; duty owed and duty
breached; established by society (Personal Exposure) Pools, pets, firearms
Accident is? - CORRECT ANSWER: A sudden and unforeseen event at a fixed time and
place that causes BI or PD loss
Adjuster - CORRECT ANSWER: According to the Texas Insurance Code, any person
who investigates or adjusts losses, or any person who supervises the handling of claims
must be licensed as an (_______________)
Aggregate limit is? - CORRECT ANSWER: Business or commercial limit. Maximum
coverage during the entire policy period.
Alien Insurer - CORRECT ANSWER: An insurer organized and domiciled outside the
United States is called an (_____)
An individual must be what age to receive their property and casualty adjuster license? -
CORRECT ANSWER: 18 years old
, An insurance policy is prepared by the insurance company, with little or no input from
the insured. This means that an insurance police is - CORRECT ANSWER: An adhesion
contract
An occurrence form involves the what coverage company? - CORRECT ANSWER: The
company providing the insurance at the time of the occurrence.
An unfair claims settlement practice - CORRECT ANSWER: If the adjuster tells the
insured that he has no coverage under a policy when the coverage really exists, this
would be an example of what type of claims settlement practice?
An unfair claims settlement practice. - CORRECT ANSWER: If an adjuster were to deny
a claim without providing the policyholder with a reasonable explanation for the denial,
this would be an example of what type of claims settlement practice?
Arbitration in NOT? - CORRECT ANSWER: Required in Texas!
Arbitration involves what type of issue? - CORRECT ANSWER: Coverage Issues
Are endorsements done verbally? - CORRECT ANSWER: No they are done in writing
B.O.P is restricted to what type of business? - CORRECT ANSWER: Small businesses
policy, think mom and pop with tight supervision and low claims, low risk.
BAILED - CORRECT ANSWER: B- Bonds
A- First Aid at the scene of the accident
I - Interest on judgments against insured
L- Loss of earnings for the first policyholders
E- Expenses determined by the adjuster
D- Defense and investigation costs
