Texas All Lines Adjuster License Final
Exam (The Adjuster School) Exam
Questions with 100% Correct Answers |
Verified 20256 | ASSURED SUCCESS
Uninsured Motorist - CORRECT ANSWERS This type of Auto Coverage pays for your damages
if you were involved in a hit-and-run:
Uninsured Motorist
Comprehensive
Liability
Collison
Liability - CORRECT ANSWERS What is the responsibility to another for one's negligence?
Hazard
Liability
Risk
Negligence
Deductible - CORRECT ANSWERS The amount the insured must pay in a loss before any
payment is due is known as:
Loss Ratio
Deductible
Premium
Surcharge
,Conditions - CORRECT ANSWERS The part of the insurance policy that details the rights and
duties of the insured and the insurance company in the policy:
Definitions
Exclusions
Endorsements
Conditions
Occurrence - CORRECT ANSWERS An event that results in an insured loss and damages:
Risk
Peril
Occurrence
Hazard
Distributive - CORRECT ANSWERS What is the type of negotiation that is also sometimes
called positional or hard-bargaining negotiation?
Avoiding
Distributive
Integrative
Competing
Actual Cash Value - CORRECT ANSWERS What is the value of your property, based on the
current cost to replace it minus depreciation?
Negligence - CORRECT ANSWERS What is the failure to use a degree of care that which an
ordinary person of reasonable prudence would use under similar circumstances?
,Appraisal - CORRECT ANSWERS What is the process when an insurer and an insured have a
dispute regarding the amount of the damage?
Meditation
Appraisal
Resolution
Arbitration
Third-Party Loss - CORRECT ANSWERS What is the situation involving a person other than an
insured?
Peril
Hazard
Third Party Loss
First Party Loss
Replacement Cost - CORRECT ANSWERS What is the cost associated with replacing property
at current market prices?
Replacement Cost
Market Value
Agreed Value
Actual Cash Value
Comparative Negligence - CORRECT ANSWERS What is a partial legal defense that reduces
the amount of damages that a person can recover based upon the amount that this person's own
negligence contributed to the loss?
Contributory Negligence
Comparative Negligence
Assumption of Risk
, Attractive Nuisance
$5,000 - CORRECT ANSWERS Mary has a Homeowner's policy. Her Coverage A limit of liability
is $250,000 and her Coverage B limit of liability is $125,000. Her policy has a 2% deductible. What is her
deductible?
$3,750
$2,500
$1,250
$5,000
Policy Period - CORRECT ANSWERS What is the period a policy is in force, from the beginning
or effective date to the expiration date?
Coverage A - CORRECT ANSWERS What Homeowner's coverage policy protects against
loss/damages to a home or dwelling?
Coverage B - CORRECT ANSWERS What Homeowner's coverage policy protects against
loss/damages to other structures?
Coverage C - CORRECT ANSWERS What Homeowner's coverage policy protects against
loss/damages to personal property?
Coverage D - CORRECT ANSWERS What Homeowner's coverage policy covers additional living
expenses?
Coverage E - CORRECT ANSWERS What Homeowner's coverage policy covers comprehensive
personal liability?
Exam (The Adjuster School) Exam
Questions with 100% Correct Answers |
Verified 20256 | ASSURED SUCCESS
Uninsured Motorist - CORRECT ANSWERS This type of Auto Coverage pays for your damages
if you were involved in a hit-and-run:
Uninsured Motorist
Comprehensive
Liability
Collison
Liability - CORRECT ANSWERS What is the responsibility to another for one's negligence?
Hazard
Liability
Risk
Negligence
Deductible - CORRECT ANSWERS The amount the insured must pay in a loss before any
payment is due is known as:
Loss Ratio
Deductible
Premium
Surcharge
,Conditions - CORRECT ANSWERS The part of the insurance policy that details the rights and
duties of the insured and the insurance company in the policy:
Definitions
Exclusions
Endorsements
Conditions
Occurrence - CORRECT ANSWERS An event that results in an insured loss and damages:
Risk
Peril
Occurrence
Hazard
Distributive - CORRECT ANSWERS What is the type of negotiation that is also sometimes
called positional or hard-bargaining negotiation?
Avoiding
Distributive
Integrative
Competing
Actual Cash Value - CORRECT ANSWERS What is the value of your property, based on the
current cost to replace it minus depreciation?
Negligence - CORRECT ANSWERS What is the failure to use a degree of care that which an
ordinary person of reasonable prudence would use under similar circumstances?
,Appraisal - CORRECT ANSWERS What is the process when an insurer and an insured have a
dispute regarding the amount of the damage?
Meditation
Appraisal
Resolution
Arbitration
Third-Party Loss - CORRECT ANSWERS What is the situation involving a person other than an
insured?
Peril
Hazard
Third Party Loss
First Party Loss
Replacement Cost - CORRECT ANSWERS What is the cost associated with replacing property
at current market prices?
Replacement Cost
Market Value
Agreed Value
Actual Cash Value
Comparative Negligence - CORRECT ANSWERS What is a partial legal defense that reduces
the amount of damages that a person can recover based upon the amount that this person's own
negligence contributed to the loss?
Contributory Negligence
Comparative Negligence
Assumption of Risk
, Attractive Nuisance
$5,000 - CORRECT ANSWERS Mary has a Homeowner's policy. Her Coverage A limit of liability
is $250,000 and her Coverage B limit of liability is $125,000. Her policy has a 2% deductible. What is her
deductible?
$3,750
$2,500
$1,250
$5,000
Policy Period - CORRECT ANSWERS What is the period a policy is in force, from the beginning
or effective date to the expiration date?
Coverage A - CORRECT ANSWERS What Homeowner's coverage policy protects against
loss/damages to a home or dwelling?
Coverage B - CORRECT ANSWERS What Homeowner's coverage policy protects against
loss/damages to other structures?
Coverage C - CORRECT ANSWERS What Homeowner's coverage policy protects against
loss/damages to personal property?
Coverage D - CORRECT ANSWERS What Homeowner's coverage policy covers additional living
expenses?
Coverage E - CORRECT ANSWERS What Homeowner's coverage policy covers comprehensive
personal liability?
