Texas Adjuster EXAM LATEST UPDATED
VERSION QUESTIONS AND VERIFIED CORRECT
ANSWERS JUST RELEASED
When a loss occurs, an individual should be restored to the appropriate financial
condition he or she was in before the loss. This is known as? - answer>>>Principle of
indemnity
Mona insurer is going to cancel her insurance policy. In order for the cancellation to be
legal, what must the insured do? - answer>>>Notify Mona in writing that her policy is
being canceled with the reason why.
Which of the following is not ground for license denial or revocation? - answer>>>never
having lived or never intending to reside in the state of Texas
You are handling a flood claim in Houston Texas. Your policyholder has a flood policy on
his home. The replacement cost of his dwelling is $230,000. The flood related damages to
the dwelling are valued at $220,000. The replacement cost of the damage contents on his
claim is $85,000. The actual cash value of the damage contents is $63,000. How much will
you pay him for his damage contents? Do not considered a deductible -
answer>>>$63,000
Your policyholder has a homeowners policy with the following limits on it. Coverage
$140,000, coverage B $70,000 and the deductible is 1%. Her home was burglarized and
she has filed a theft claim for stolen contents. What will be her deductible on this theft
claim - answer>>>$700
, Millennium vessel company sustained damage to one of their vessels that was
transporting goods across the golf of Mexico. Which policy would they need in order to
get their damaged vessel repaired? - answer>>>They would need ocean Marine policy
______________ Is a significant miss statement in an application form -
answer>>>Material misrepresentation
The leftover value of a claim when an insurance company recovers and sells property to
reduce its financial loss? - answer>>>Salvage
You have just completed the handling of John Woods roof claim. Mr. Wood disagrees
with your courage and determination to deny his claim. What must you provide to Mr.
Wood? - answer>>>Written explanation of full or partial rejection of the claim
Blake Nelson's license expired two years ago. He would like to obtain his adjusters license
so that he can resume his adjusting career. What does he do to obtain his license? -
answer>>>Start over by taking the pre-licensing course and exam and resubmitting
application
A temporary contract pending issue of the policy that is subject to the terms of the
contract to be written later. - answer>>>Binder
Meredith was attending the Christmas party that was held at the Riverstone country club.
While walking to the restroom, she tripped and fell on one of the steps that was broken.
The broken step had been covered up by a new rug. Meredith's status in this situation is
that of an - answer>>>Invitee
What is the responsibility to another for ones negligence? - answer>>>liability
VERSION QUESTIONS AND VERIFIED CORRECT
ANSWERS JUST RELEASED
When a loss occurs, an individual should be restored to the appropriate financial
condition he or she was in before the loss. This is known as? - answer>>>Principle of
indemnity
Mona insurer is going to cancel her insurance policy. In order for the cancellation to be
legal, what must the insured do? - answer>>>Notify Mona in writing that her policy is
being canceled with the reason why.
Which of the following is not ground for license denial or revocation? - answer>>>never
having lived or never intending to reside in the state of Texas
You are handling a flood claim in Houston Texas. Your policyholder has a flood policy on
his home. The replacement cost of his dwelling is $230,000. The flood related damages to
the dwelling are valued at $220,000. The replacement cost of the damage contents on his
claim is $85,000. The actual cash value of the damage contents is $63,000. How much will
you pay him for his damage contents? Do not considered a deductible -
answer>>>$63,000
Your policyholder has a homeowners policy with the following limits on it. Coverage
$140,000, coverage B $70,000 and the deductible is 1%. Her home was burglarized and
she has filed a theft claim for stolen contents. What will be her deductible on this theft
claim - answer>>>$700
, Millennium vessel company sustained damage to one of their vessels that was
transporting goods across the golf of Mexico. Which policy would they need in order to
get their damaged vessel repaired? - answer>>>They would need ocean Marine policy
______________ Is a significant miss statement in an application form -
answer>>>Material misrepresentation
The leftover value of a claim when an insurance company recovers and sells property to
reduce its financial loss? - answer>>>Salvage
You have just completed the handling of John Woods roof claim. Mr. Wood disagrees
with your courage and determination to deny his claim. What must you provide to Mr.
Wood? - answer>>>Written explanation of full or partial rejection of the claim
Blake Nelson's license expired two years ago. He would like to obtain his adjusters license
so that he can resume his adjusting career. What does he do to obtain his license? -
answer>>>Start over by taking the pre-licensing course and exam and resubmitting
application
A temporary contract pending issue of the policy that is subject to the terms of the
contract to be written later. - answer>>>Binder
Meredith was attending the Christmas party that was held at the Riverstone country club.
While walking to the restroom, she tripped and fell on one of the steps that was broken.
The broken step had been covered up by a new rug. Meredith's status in this situation is
that of an - answer>>>Invitee
What is the responsibility to another for ones negligence? - answer>>>liability
