Texas all lines adjuster exam LATEST ACTUAL EXAM QUESTIONS AND CORRECT ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+
0 view 0 purchase
Course
Texas
Institution
Texas
Texas all lines adjuster exam LATEST 2023-
2024 ACTUAL EXAM QUESTIONS AND
CORRECT ANSWERS (VERIFIED ANSWERS)
|ALREADY GRADED A+
All of the following are criteria for an accident to have occurred "in the course of"
the employment under a workers' compensation policy, EXCEPT: - CORRECT
ANSW...
Texas all lines adjuster exam LATEST 2023-
2024 ACTUAL EXAM QUESTIONS AND
CORRECT ANSWERS (VERIFIED ANSWERS)
|ALREADY GRADED A+
All of the following are criteria for an accident to have occurred "in the course of"
the employment under a workers' compensation policy, EXCEPT: - CORRECT
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 premises during working hours.
Which of the following statements is NOT TRUE regarding the implied
warranties of an Ocean Marine policy? - CORRECT ANSWER The implied
warranties are attached to the policy as an endorsement..
Parmelia is covered under two separate standardized Personal Automobile
policies, with Part C limits under both policies set at $200,000. Parmelia is
involved in an accident with an uninsured motorist and she sustains bodily injury
damages for $262,320. How much will Parmelia receive when she submits a claim
for these damages - CORRECT ANSWER $200,000
Which of the following endorsements must be attached to a standard
Businessowners policy for coverage to apply to a businesses freezer that was
damaged by the interruption of a power source - CORRECT ANSWER
Utility Services - Direct Damage endorsement.
After completing an inspection of an insured's pressure equipment and fire
suppression systems, the inspector determines that the pressure equipment needs
to be repaired and the suppression systems have not been cleaned and inspected in
the time frame required by the policy. The insurer will: - CORRECT ANSWER
Suspend coverage immediately by red tagging the items until they are
,repaired, cleaned and pass reinspection
To be eligible for coverage under a standardized Dwelling policy, the insured
must not allow more than _______ boarders to live on the premises. - CORRECT
ANSWER 5
All of the following are "Perils of the Sea" under an Ocean Marine policy,
EXCEPT: - CORRECT ANSWER Pirates
The amount of insurance countersigned, issued, or sold by an agent or producer to
cover immediate family members, an employer, or employees is known as: -
CORRECT ANSWER Controlled business
Which of the following standardized Dwelling insurance forms provides coverage
for loss of rental income - CORRECT ANSWER The DP-1, DP-2, and DP-3
forms
The "Part B - Medical Payments" coverage of a personal automobile policy covers
injuries for all of the following, EXCEPT: - CORRECT ANSWER A
passenger who is injured in another vehicle that is struck by the insured's
vehicle in an accident
Which of the following are the Texas Workers' Compensation benefits that are
increased by a cost-of-living adjustment (COLAs) - CORRECT ANSWER
Lifetime Income Benefits (LIBs) only
Hannah must take time away from work to help assist in the investigation of a
claim that was made against her BOP policy. The policy will pay for Hannah's
actual loss of earnings up to: - CORRECT ANSWER $250 per day.
Surplus Lines companies in Texas have _____ to acknowledge the receipt of a
claim. - CORRECT ANSWER 30 days.
All of the following are characteristics of a principal that a surety will scrutinize
during the underwriting process, EXCEPT: - CORRECT ANSWER
Consideration.
,Under Section II of a Homeowners policy, a cemetery plot owned by the insured
is considered to be: - CORRECT ANSWER An insured location.
Which of the following is NOT one of the four major coverages of an Ocean
Marine policy? - CORRECT ANSWER Seaworthiness.
A ship has suffered damage and sunk. Which of the following would respond to
cover the loss of the ship? - CORRECT ANSWER Hull Insurance.
As a fiduciary agent, an adjuster has the power to bind the insurer. Which of the
following statements is FALSE regarding this power? - CORRECT ANSWER
Only an adjuster's written statements can legally bind an insurer.
The standardized Dwelling forms consider all eruptions of a volcano within a
__________ period to be a single "occurrence". - CORRECT ANSWER 72-
hour
Whose responsibility is it to complete a "proof of loss"? - CORRECT
ANSWER The claimant.
Which of the following would NOT be determined by a court when an insurer has
filed a declaratory judgment action? - CORRECT ANSWER The type and
amount of damages that will be paid to a plaintiff for the claim that is being
disputed.
Which of the following statements is TRUE regarding the Homeowners
"additional coverage" known as Landlord's Furnishings? - CORRECT
ANSWER The coverage is not additional insurance and does not increase
the limits of the policy.
Which of the following would be covered under the Jones Act? - CORRECT
ANSWER Crew members of a ship.
All of the following statements are true regarding a Personal Liability
Supplement, EXCEPT: - CORRECT ANSWER The policy will cover
watercraft liability.
, Which of the following statements is TRUE regarding Commercial Property
coverage? - CORRECT ANSWER Commercial property coverage can be
written as both a monoline policy and as part of a package policy.
What type of insurance is usually provided or subsidized by the state or federal
government because it is not ordinarily available from private insurers? -
CORRECT ANSWER Residual market insurance.
The optional coverage for "Employee Dishonesty" under a standard
Businessowners policy provides a "discovery period" for the insured to discover
the dishonest act and have coverage still apply. Which of the following statements
best describes the "discovery period" for this optional coverage? - CORRECT
ANSWER The "discovery period" is one year from the end of the policy period.
Which of the following would be considered an Unfair Claim Settlement Practice?
- CORRECT ANSWER Failing to deny coverage of a claim within a reasonable
amount of time after concluding the investigation
Which of the following is TRUE regarding the DP-2 Broad Form coverage for
"artificially generated electrical current"? - CORRECT ANSWER A fire must
be the result of the artificially generated electrical current for coverage to apply..
The Commercial Building and Personal Property coverage form provides five
extensions of coverage, but only if: - CORRECT ANSWER An 80% or higher
coinsurance percentage is shown on the Declarations page, and the property
amount of coverage, based on that percentage, is purchased.
All of the following would be considered "uninsured motorists", EXCEPT: -
CORRECT ANSWER A motorist driving with coverage up to the required state
financial responsibility limits for liability, but not high enough to pay the claims
for an at-fault accident.
Regulation of the insurance industry in the United States is primarily left to: -
CORRECT ANSWER State governments.
Which of the following coverages does NOT need to be added to a Garage
Coverage form by endorsement for coverage to apply? - CORRECT ANSWER
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller GREATSTUDY. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $11.49. You're not tied to anything after your purchase.
