Claims Adjuster Exam Questions with 100%
Correct Answers | Verified 20256 | ASSURED
SUCCESS
Multi Peril-Package - CORRECT ANSWERS Any policy which provides property & liability
coverage (not homeowner)
ISO policy - CORRECT ANSWERS Sold in Texas, but not Texas form
Only Texas DP 1 - CORRECT ANSWERS Mainly the only TDP sold, now with plethora of
endorsements
Texas Standard Fire Policy - CORRECT ANSWERS Granddaddy of all Texas property policies
Business auto coverage e.g. - CORRECT ANSWERS Owner of a taxi to cover collision damage
Inland Marine (build milk policy) would cover e.g. - CORRECT ANSWERS 3k gallons of milk in
tanker truck
Texas Standard, Standard Fire & Business Owner - CORRECT ANSWERS Would all cover
damage to something like a gift card shop fire
Tx Personal Auto Policy e.g. - CORRECT ANSWERS Owner of family far, for potential injury to
other people
Trucker's policy - CORRECT ANSWERS Trucking company, for potential damage to other
people's trailers which the trucking company may be pulling
Actual Cash Value (ACV) - CORRECT ANSWERS Replacement cost less depreciation
Garage Liability e.g. - CORRECT ANSWERS For valet parking service to have appropriate
liability coverage it needs what kind of policy?
Flood, workers comp, crop, costal wind among others - CORRECT ANSWERS Types of casualty
claims I will be unable to handle under license I'm studying for
Ocean Marine Hull coverage - CORRECT ANSWERS Would have to be written for an insured to
cover potential collision damage to insured's ship
Covered (if it's not written) - CORRECT ANSWERS It's safe to assume that if something is not
excluded in writing it's appropriate to assume that the loss is?
15/15/5 rule - CORRECT ANSWERS 15 calendar days to send notice you received claim
15 business days to resolve case
5 days to pay claim (if applicable)
, Options for High Risk Drivers? - CORRECT ANSWERS Texas started TAIPA
Risk pool
Minus PIP ($2,500)
Uninsured/underinsured motorist coverage - CORRECT ANSWERS What does TAIPA provide?
When can you get TAIPA - CORRECT ANSWERS Once you've been rejected by 2 or more
insurance companies
Commercial General Liability coverage - CORRECT ANSWERS Covers basically any risk
imaginable that would "cause" bodily injury or property damage
E.g. Customer slip-fall; hit by debris; escalator lurching;poison get well card
Multi peril or package - CORRECT ANSWERS Any policy that provides both property and
liability coverage
ISO - CORRECT ANSWERS A policy sold in Texas, but is not a Texas Policy form
How many Texas Dwelling policies are sold now? - CORRECT ANSWERS ONE
TX Dwelling Form 1 - CORRECT ANSWERS The dwelling policy sold in texas
Texas Standard Fire Policy is... - CORRECT ANSWERS The granddaddy of all Texas property
policies
E.g. Owner of a taxi who needs collision damage for his own taxi - CORRECT ANSWERS
Business auto e.g.
E.g. 3,000 gallons of milk in tanker truck - CORRECT ANSWERS Inland Marine (Bulk Milk) e.g.
E.g.Fire damage to small greeting card shop (3 possible policies) - CORRECT ANSWERS Texas
Standard Fire, Standard Fire, Business owner e.g.
Actual Cash Value (ACV) - CORRECT ANSWERS What is replacement cost less depreciation?
Garage Liability - CORRECT ANSWERS For valet parking service to have appropriate liability
coverage... Need what policy?
Types of claims I am unable to do without attaining other licenses? (Name at least 2) - CORRECT
ANSWERS Flood
Workers comp
Crop
Coastal wind
Etc....
Ocean Marine Hull Coverage - CORRECT ANSWERS Cover potential collision damage to
insured's ship
Correct Answers | Verified 20256 | ASSURED
SUCCESS
Multi Peril-Package - CORRECT ANSWERS Any policy which provides property & liability
coverage (not homeowner)
ISO policy - CORRECT ANSWERS Sold in Texas, but not Texas form
Only Texas DP 1 - CORRECT ANSWERS Mainly the only TDP sold, now with plethora of
endorsements
Texas Standard Fire Policy - CORRECT ANSWERS Granddaddy of all Texas property policies
Business auto coverage e.g. - CORRECT ANSWERS Owner of a taxi to cover collision damage
Inland Marine (build milk policy) would cover e.g. - CORRECT ANSWERS 3k gallons of milk in
tanker truck
Texas Standard, Standard Fire & Business Owner - CORRECT ANSWERS Would all cover
damage to something like a gift card shop fire
Tx Personal Auto Policy e.g. - CORRECT ANSWERS Owner of family far, for potential injury to
other people
Trucker's policy - CORRECT ANSWERS Trucking company, for potential damage to other
people's trailers which the trucking company may be pulling
Actual Cash Value (ACV) - CORRECT ANSWERS Replacement cost less depreciation
Garage Liability e.g. - CORRECT ANSWERS For valet parking service to have appropriate
liability coverage it needs what kind of policy?
Flood, workers comp, crop, costal wind among others - CORRECT ANSWERS Types of casualty
claims I will be unable to handle under license I'm studying for
Ocean Marine Hull coverage - CORRECT ANSWERS Would have to be written for an insured to
cover potential collision damage to insured's ship
Covered (if it's not written) - CORRECT ANSWERS It's safe to assume that if something is not
excluded in writing it's appropriate to assume that the loss is?
15/15/5 rule - CORRECT ANSWERS 15 calendar days to send notice you received claim
15 business days to resolve case
5 days to pay claim (if applicable)
, Options for High Risk Drivers? - CORRECT ANSWERS Texas started TAIPA
Risk pool
Minus PIP ($2,500)
Uninsured/underinsured motorist coverage - CORRECT ANSWERS What does TAIPA provide?
When can you get TAIPA - CORRECT ANSWERS Once you've been rejected by 2 or more
insurance companies
Commercial General Liability coverage - CORRECT ANSWERS Covers basically any risk
imaginable that would "cause" bodily injury or property damage
E.g. Customer slip-fall; hit by debris; escalator lurching;poison get well card
Multi peril or package - CORRECT ANSWERS Any policy that provides both property and
liability coverage
ISO - CORRECT ANSWERS A policy sold in Texas, but is not a Texas Policy form
How many Texas Dwelling policies are sold now? - CORRECT ANSWERS ONE
TX Dwelling Form 1 - CORRECT ANSWERS The dwelling policy sold in texas
Texas Standard Fire Policy is... - CORRECT ANSWERS The granddaddy of all Texas property
policies
E.g. Owner of a taxi who needs collision damage for his own taxi - CORRECT ANSWERS
Business auto e.g.
E.g. 3,000 gallons of milk in tanker truck - CORRECT ANSWERS Inland Marine (Bulk Milk) e.g.
E.g.Fire damage to small greeting card shop (3 possible policies) - CORRECT ANSWERS Texas
Standard Fire, Standard Fire, Business owner e.g.
Actual Cash Value (ACV) - CORRECT ANSWERS What is replacement cost less depreciation?
Garage Liability - CORRECT ANSWERS For valet parking service to have appropriate liability
coverage... Need what policy?
Types of claims I am unable to do without attaining other licenses? (Name at least 2) - CORRECT
ANSWERS Flood
Workers comp
Crop
Coastal wind
Etc....
Ocean Marine Hull Coverage - CORRECT ANSWERS Cover potential collision damage to
insured's ship
