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Claims Adjuster Exam (2023 – 2024) With Complete Solutions $10.49   Add to cart

Exam (elaborations)

Claims Adjuster Exam (2023 – 2024) With Complete Solutions

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  • Course
  • Claims Adjuster
  • Institution
  • Claims Adjuster

Claims Adjuster Exam (2023 – 2024) With Complete Solutions

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  • January 26, 2023
  • 10
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • claims adjuster
  • Claims Adjuster
  • Claims Adjuster
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Claims Adjuster Exam (2023 – 2024) With
Complete Solutions


Multi Peril-Package - Any policy which provides property & liability coverage (not homeowner)



ISO policy - Sold in Texas, but not Texas form



Only Texas DP 1 - Mainly the only TDP sold, now with plethora of endorsements



Texas Standard Fire Policy - Granddaddy of all Texas property policies



Business auto coverage e.g. - Owner of a taxi to cover collision damage



Inland Marine (build milk policy) would cover e.g. - 3k gallons of milk in tanker truck



Texas Standard, Standard Fire & Business Owner - Would all cover damage to something like a gift
card shop fire



Tx Personal Auto Policy e.g. - Owner of family far, for potential injury to other people



Trucker's policy - Trucking company, for potential damage to other people's trailers which the
trucking company may be pulling



Actual Cash Value (ACV) - Replacement cost less depreciation

, Garage Liability e.g. - For valet parking service to have appropriate liability coverage it needs what
kind of policy?



Flood, workers comp, crop, costal wind among others - Types of casualty claims I will be unable to
handle under license I'm studying for



Ocean Marine Hull coverage - Would have to be written for an insured to cover potential collision
damage to insured's ship



Covered (if it's not written) - 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 - 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? - Texas started TAIPA

Risk pool



Minus PIP ($2,500)

Uninsured/underinsured motorist coverage - What does TAIPA provide?



When can you get TAIPA - Once you've been rejected by 2 or more insurance companies



Commercial General Liability coverage - 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

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