TEXAS ALL LINES ADJUSTER EXAM BRAND
NEW!! (200+ QUESTIONS AND CORRECT
ANSWERS) VERIFIED ANSWERS
All of the following are criteria for an accident to have occurred "in the course
of" the employment under a workers' compensation policy, EXCEPT: - answer-
While performing a task that a fellow worker requested, that was unusual to
the employee's job description, but occurred on the employer's premises
during working hours.
Which of the following statements is NOT TRUE regarding the implied
warranties of an Ocean Marine policy? - answer-The implied warranties are
attached to the policy as an endorsement..
Parmelia is covered under two separate standardized Personal Automobile
policies, with Part C limits under both policies set at $200,000. Parmelia is
involved in an accident with an uninsured motorist and she sustains bodily
injury damages for $262,320. How much will Parmelia receive when she
submits a claim for these damages - answer-$200,000
,All of the following are "Perils of the Sea" under an Ocean Marine policy,
EXCEPT: - answer-Pirates
The amount of insurance countersigned, issued, or sold by an agent or
producer to cover immediate family members, an employer, or employees is
known as: - answer-Controlled business
Which of the following standardized Dwelling insurance forms provides
coverage for loss of rental income - answer-The DP-1, DP-2, and DP-3 forms
The "Part B - Medical Payments" coverage of a personal automobile policy
covers injuries for all of the following, EXCEPT: - answer-A passenger who is
injured in another vehicle that is struck by the insured's vehicle in an accident
Which of the following are the Texas Workers' Compensation benefits that are
increased by a cost-of-living adjustment (COLAs) - answer-Lifetime Income
Benefits (LIBs) only
Hannah must take time away from work to help assist in the investigation of a
claim that was made against her BOP policy. The policy will pay for Hannah's
actual loss of earnings up to: - answer-$250 per day.
Surplus Lines companies in Texas have _____ to acknowledge the receipt of a
claim. - answer-30 days.
All of the following are characteristics of a principal that a surety will scrutinize
during the underwriting process, EXCEPT: - answer-Consideration.
,Under Section II of a Homeowners policy, a cemetery plot owned by the
insured is considered to be: - answer-An insured location.
Which of the following is NOT one of the four major coverages of an Ocean
Marine policy? - answer-Seaworthiness.
A ship has suffered damage and sunk. Which of the following would respond to
cover the loss of the ship? - answer-Hull Insurance.
As a fiduciary agent, an adjuster has the power to bind the insurer. Which of
the following statements is FALSE regarding this power? - answer-Only an
adjuster's written statements can legally bind an insurer.
The standardized Dwelling forms consider all eruptions of a volcano within a
__________ period to be a single "occurrence". - answer-72-hour
Whose responsibility is it to complete a "proof of loss"? - answer-The claimant.
Which of the following would NOT be determined by a court when an insurer
has filed a declaratory judgment action? - answer-The type and amount of
damages that will be paid to a plaintiff for the claim that is being disputed.
Which of the following statements is TRUE regarding the Homeowners
"additional coverage" known as Landlord's Furnishings? - answer-The coverage
is not additional insurance and does not increase the limits of the policy.
, Which of the following would be covered under the Jones Act? - answer-Crew
members of a ship.
All of the following statements are true regarding a Personal Liability
Supplement, EXCEPT: - answer-The policy will cover watercraft liability.
The Section I Additional Coverage of the standard Businessowners policy
provides coverage for "Debris Removal". Which of the following statements
best describes the limit for this coverage? - answer-The total limit may be up to
25% of the policy limit for the loss payable with the deductible included, plus
up to an additional $25,000 if the policy limits are exhausted
An agent, insured or claimant has intentionally deceived an insurer for financial
gain. Such an act is known as: - answer-Fraud
Which of the following losses would be covered under a Commercial Property
policy with the special cause of loss form attached? - answer-A fire that breaks
out in an office building and causes damage to two of the offices..
If the Navigational Limits or Lay-Up period shown on the Declarations page of a
standardized Yacht policy is breached because of something out of the control
of the insured: - answer-The insurer must be notified within 10 days after the
breach and any additional premium that is due must be paid.
Which of the following is NOT eligible for a coverage under a Homeowners
insurance policy? - answer-Owner-occupants of a 5 to 6-family dwelling
NEW!! (200+ QUESTIONS AND CORRECT
ANSWERS) VERIFIED ANSWERS
All of the following are criteria for an accident to have occurred "in the course
of" the employment under a workers' compensation policy, EXCEPT: - answer-
While performing a task that a fellow worker requested, that was unusual to
the employee's job description, but occurred on the employer's premises
during working hours.
Which of the following statements is NOT TRUE regarding the implied
warranties of an Ocean Marine policy? - answer-The implied warranties are
attached to the policy as an endorsement..
Parmelia is covered under two separate standardized Personal Automobile
policies, with Part C limits under both policies set at $200,000. Parmelia is
involved in an accident with an uninsured motorist and she sustains bodily
injury damages for $262,320. How much will Parmelia receive when she
submits a claim for these damages - answer-$200,000
,All of the following are "Perils of the Sea" under an Ocean Marine policy,
EXCEPT: - answer-Pirates
The amount of insurance countersigned, issued, or sold by an agent or
producer to cover immediate family members, an employer, or employees is
known as: - answer-Controlled business
Which of the following standardized Dwelling insurance forms provides
coverage for loss of rental income - answer-The DP-1, DP-2, and DP-3 forms
The "Part B - Medical Payments" coverage of a personal automobile policy
covers injuries for all of the following, EXCEPT: - answer-A passenger who is
injured in another vehicle that is struck by the insured's vehicle in an accident
Which of the following are the Texas Workers' Compensation benefits that are
increased by a cost-of-living adjustment (COLAs) - answer-Lifetime Income
Benefits (LIBs) only
Hannah must take time away from work to help assist in the investigation of a
claim that was made against her BOP policy. The policy will pay for Hannah's
actual loss of earnings up to: - answer-$250 per day.
Surplus Lines companies in Texas have _____ to acknowledge the receipt of a
claim. - answer-30 days.
All of the following are characteristics of a principal that a surety will scrutinize
during the underwriting process, EXCEPT: - answer-Consideration.
,Under Section II of a Homeowners policy, a cemetery plot owned by the
insured is considered to be: - answer-An insured location.
Which of the following is NOT one of the four major coverages of an Ocean
Marine policy? - answer-Seaworthiness.
A ship has suffered damage and sunk. Which of the following would respond to
cover the loss of the ship? - answer-Hull Insurance.
As a fiduciary agent, an adjuster has the power to bind the insurer. Which of
the following statements is FALSE regarding this power? - answer-Only an
adjuster's written statements can legally bind an insurer.
The standardized Dwelling forms consider all eruptions of a volcano within a
__________ period to be a single "occurrence". - answer-72-hour
Whose responsibility is it to complete a "proof of loss"? - answer-The claimant.
Which of the following would NOT be determined by a court when an insurer
has filed a declaratory judgment action? - answer-The type and amount of
damages that will be paid to a plaintiff for the claim that is being disputed.
Which of the following statements is TRUE regarding the Homeowners
"additional coverage" known as Landlord's Furnishings? - answer-The coverage
is not additional insurance and does not increase the limits of the policy.
, Which of the following would be covered under the Jones Act? - answer-Crew
members of a ship.
All of the following statements are true regarding a Personal Liability
Supplement, EXCEPT: - answer-The policy will cover watercraft liability.
The Section I Additional Coverage of the standard Businessowners policy
provides coverage for "Debris Removal". Which of the following statements
best describes the limit for this coverage? - answer-The total limit may be up to
25% of the policy limit for the loss payable with the deductible included, plus
up to an additional $25,000 if the policy limits are exhausted
An agent, insured or claimant has intentionally deceived an insurer for financial
gain. Such an act is known as: - answer-Fraud
Which of the following losses would be covered under a Commercial Property
policy with the special cause of loss form attached? - answer-A fire that breaks
out in an office building and causes damage to two of the offices..
If the Navigational Limits or Lay-Up period shown on the Declarations page of a
standardized Yacht policy is breached because of something out of the control
of the insured: - answer-The insurer must be notified within 10 days after the
breach and any additional premium that is due must be paid.
Which of the following is NOT eligible for a coverage under a Homeowners
insurance policy? - answer-Owner-occupants of a 5 to 6-family dwelling
