Texas All Lines Adjuster Exam, Adjuster Test, Adjuster Exam, Texas All Lines Adjuster Exam, Texas All Lines Adjuster Test, Laws & Regulation, Pre-Licensing, Texas All Lines Adjuster Test, Adjuster Exam, Final Exam, Pre-licensing, Ch 1, License Mile High, Test Review, ch 8, Ch. 13, ch. 12, ch 7, ...
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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 ...
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Add to cartAll 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 ...
time. Formula: (Annual Depreciation x Number of years used) Acreage Reporting Date - Answer The deadline for providing the insurer with an acreage report, which is used to determine the amount of coverage needed and the premium charged for a particular crop. Actual Cash Value (ACV) - Answer A ...
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Add to carttime. Formula: (Annual Depreciation x Number of years used) Acreage Reporting Date - Answer The deadline for providing the insurer with an acreage report, which is used to determine the amount of coverage needed and the premium charged for a particular crop. Actual Cash Value (ACV) - Answer A ...
The insured has filed a claim under the "Business Income Department Properties - Broad Form" because the primary buyer of products and services from the business has filed for bankruptcy under this form the primary buyers business would be known as - Answer A recipient location recipient locati...
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Add to cartThe insured has filed a claim under the "Business Income Department Properties - Broad Form" because the primary buyer of products and services from the business has filed for bankruptcy under this form the primary buyers business would be known as - Answer A recipient location recipient locati...
DP - valuation - Answer DP-1 - ACV building & contents DP-2/3 - RCV building & ACV contents DP - limit for fair rental value - Answer 20% of A DP - coverages (A-E) - Answer A - dwelling B - other structures C - personal property D - fair rental value E - additional living expense DP - ...
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Add to cartDP - valuation - Answer DP-1 - ACV building & contents DP-2/3 - RCV building & ACV contents DP - limit for fair rental value - Answer 20% of A DP - coverages (A-E) - Answer A - dwelling B - other structures C - personal property D - fair rental value E - additional living expense DP - ...
Actual Cash Value (ACV) - Answer A valuation method used by insurers to reflect an item's current market value right before being damaged or destroyed. Formula: (Replacement cost - Accumulated Depreciation) Adhesion - Answer Characteristic of an insurance contract. Means that one party (the insu...
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Add to cartActual Cash Value (ACV) - Answer A valuation method used by insurers to reflect an item's current market value right before being damaged or destroyed. Formula: (Replacement cost - Accumulated Depreciation) Adhesion - Answer Characteristic of an insurance contract. Means that one party (the insu...
All of the following are exempted from the requirement of an adjuster's license examination except: A. Those persons holding CPCU designation; B. those persons adjusting workers compensation claims; C. Those persons who have received the Associate in Claims (AIC) designation; D. Those persons who h...
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Add to cartAll of the following are exempted from the requirement of an adjuster's license examination except: A. Those persons holding CPCU designation; B. those persons adjusting workers compensation claims; C. Those persons who have received the Associate in Claims (AIC) designation; D. Those persons who h...
insurance - Answer financial took that protects individual and organizations from unforeseen and extraordinary financial losses by transferring risk to another party insured - Answer individual or organization that pays premiums in exchange for protection insurer - Answer company, group, or go...
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Add to cartinsurance - Answer financial took that protects individual and organizations from unforeseen and extraordinary financial losses by transferring risk to another party insured - Answer individual or organization that pays premiums in exchange for protection insurer - Answer company, group, or go...
Subrogate Subrogation is the right for an insurer to legally pursue a third party that caused an insurance loss to the insured. This is done as a means of recovering the amount of the claim paid by the insurance carrier to the insured for the loss. - Answer While investigating a claim, you determine...
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Add to cartSubrogate Subrogation is the right for an insurer to legally pursue a third party that caused an insurance loss to the insured. This is done as a means of recovering the amount of the claim paid by the insurance carrier to the insured for the loss. - Answer While investigating a claim, you determine...
If an automobile policy has split limits of 30/60/25. What is the maximum amount of liability coverage that would be paid in a covered loss where three people are involved. - Answer $30,000 Which of the following statements best describes an inland marine policy? - Answer Pertains to Cargo with n...
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Add to cartIf an automobile policy has split limits of 30/60/25. What is the maximum amount of liability coverage that would be paid in a covered loss where three people are involved. - Answer $30,000 Which of the following statements best describes an inland marine policy? - Answer Pertains to Cargo with n...
A severe thunderstorm damaged a policyholder's residence. He called and asked how long it would be before he receives payment for his claim. Which of the following would NOT be an appropriate response? - Answer We have 6 months to reach a final settlement with you. Janelle has just graduated col...
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Add to cartA severe thunderstorm damaged a policyholder's residence. He called and asked how long it would be before he receives payment for his claim. Which of the following would NOT be an appropriate response? - Answer We have 6 months to reach a final settlement with you. Janelle has just graduated col...
Accumulated Depresciation - Answers The total decrease in an item's value over a period of time. Formula: (Annual Depreciation x Number of years used) Actual Cash Value (ACV) - Answers An item's current market value right before being damaged or destroyed. Formula: (Replacement Cost-Accumula...
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Add to cartAccumulated Depresciation - Answers The total decrease in an item's value over a period of time. Formula: (Annual Depreciation x Number of years used) Actual Cash Value (ACV) - Answers An item's current market value right before being damaged or destroyed. Formula: (Replacement Cost-Accumula...
Common Policy Provisions - Answer insurance policies are standardized forms, most created by ISO (Insurance Services Office) or AAIS (American Association of Insurance Services). the provisions are within the policies established terms of the agreement Cancellation and Nonrenewal Condition - Answ...
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Add to cartCommon Policy Provisions - Answer insurance policies are standardized forms, most created by ISO (Insurance Services Office) or AAIS (American Association of Insurance Services). the provisions are within the policies established terms of the agreement Cancellation and Nonrenewal Condition - Answ...
Law of Large Numbers - Answer the more examples used to develop any statistic, the more reliable the statistic will be Underwriting - Answer The process and insurance company uses to decide whether to except or reject an application for a policy insurance. underwriters evaluate the risk and expos...
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Add to cartLaw of Large Numbers - Answer the more examples used to develop any statistic, the more reliable the statistic will be Underwriting - Answer The process and insurance company uses to decide whether to except or reject an application for a policy insurance. underwriters evaluate the risk and expos...
Staff Adjuster - Answer Adjusters who work exclusively for an insurance company Independent adjuster - Answer An individual who is employed as an independent contractor to an adjusting / staffing company and handles claims for an insurance company Public adjuster - Answer Adjusters that repres...
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Add to cartStaff Adjuster - Answer Adjusters who work exclusively for an insurance company Independent adjuster - Answer An individual who is employed as an independent contractor to an adjusting / staffing company and handles claims for an insurance company Public adjuster - Answer Adjusters that repres...
Insurance History and Regulation: Insurance - Answer Coverage by contract whereby one party undertakes to indemnity (hold harmless) or guarantee another against loss by a specified contingency or peril. Insurance History and Regulation: NAIC - Answer An organization whose purpose is to organize t...
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Add to cartInsurance History and Regulation: Insurance - Answer Coverage by contract whereby one party undertakes to indemnity (hold harmless) or guarantee another against loss by a specified contingency or peril. Insurance History and Regulation: NAIC - Answer An organization whose purpose is to organize t...
Commercial general liability ( CGL) - Answer This covers business liability hazards that are not covered under more specialiazed forms of insurance such as auto, marine, workers compensation and others. What are three forms of CGL - Answer Professional liability Product liability Premises lia...
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Add to cartCommercial general liability ( CGL) - Answer This covers business liability hazards that are not covered under more specialiazed forms of insurance such as auto, marine, workers compensation and others. What are three forms of CGL - Answer Professional liability Product liability Premises lia...
Define Accident - Answer An unforeseen, unintended even; something unexpected Define Additional Living Expenses - Answer Extra charges covered by homeowner's policies over and above the policyholder's customary living expenses due to damage by a covered peril that makes the home temporarily uni...
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Add to cartDefine Accident - Answer An unforeseen, unintended even; something unexpected Define Additional Living Expenses - Answer Extra charges covered by homeowner's policies over and above the policyholder's customary living expenses due to damage by a covered peril that makes the home temporarily uni...
Adjuster - Answer An individual licensed under Insurance Code Article 21.07-4. All lines adjuster's license - Answer An adjuster's license issued by the department to persons who have shown knowledge in the areas of property/casualty and worker's compensation by successfully completing the lic...
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Add to cartAdjuster - Answer An individual licensed under Insurance Code Article 21.07-4. All lines adjuster's license - Answer An adjuster's license issued by the department to persons who have shown knowledge in the areas of property/casualty and worker's compensation by successfully completing the lic...
Bonds invoke three parties _____ - Answer The principal, this is the party whi has a duty to perform AKA The obligor The surety, thisnis the party guaranteeing the performance by the principal. The surety is AKA the guarantor. The obligee this is the party reimbursed by the surety if the princ...
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Add to cartBonds invoke three parties _____ - Answer The principal, this is the party whi has a duty to perform AKA The obligor The surety, thisnis the party guaranteeing the performance by the principal. The surety is AKA the guarantor. The obligee this is the party reimbursed by the surety if the princ...
What is the minimum liability coverage for bodily injury - Answer $30,000 per person and $60,000 per accident. What is the limit on property damage per auto accident - Answer $25,000 What is 30/60/25 - Answer The current minimum limits of liability coverage for bodily injury are $30,000 per pe...
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Add to cartWhat is the minimum liability coverage for bodily injury - Answer $30,000 per person and $60,000 per accident. What is the limit on property damage per auto accident - Answer $25,000 What is 30/60/25 - Answer The current minimum limits of liability coverage for bodily injury are $30,000 per pe...
Hull Insurance - Answer Insurance that covers physical damage to vessels, including their machinery and fuel but not their cargo. Cargo Insurance - Answer covers the shipper of the goods if the goods are damaged or lost Marine Insurance - Answer A form of insurance primarily designed to cover ...
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Add to cartHull Insurance - Answer Insurance that covers physical damage to vessels, including their machinery and fuel but not their cargo. Cargo Insurance - Answer covers the shipper of the goods if the goods are damaged or lost Marine Insurance - Answer A form of insurance primarily designed to cover ...
Section I : Property - Answer This is the primary section that claims adjusters refer to in order to properly adjust loss. Section II : Liability - Answer Generally consistent between policies regardless of Section I, not typically an area of concern for adjusters Section II : Personal Liabili...
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Add to cartSection I : Property - Answer This is the primary section that claims adjusters refer to in order to properly adjust loss. Section II : Liability - Answer Generally consistent between policies regardless of Section I, not typically an area of concern for adjusters Section II : Personal Liabili...
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