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Texas All Lines Adjuster Laws & Regulation Review Quiz 2024/2025 already graded A+
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Texas All Lines Adjuster Laws & Regulation Review Quiz 2024/2025 already graded A+
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Texas All Lines Adjuster Laws &Regulation Review Quiz
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 have a certificate of completion showing that within the past
12 months the applicant has completed a certified adjuster prelicensing education program and
passed the state examination. - ANSB. A person adjusting workers compensation claims is not
exempt.
All of the following are qualifications of applicants for an adjuster license in Texas except: A. is
at least 25 yrs. of age; B. resides in this state or a state that permits a resident of this state to
act as an adjuster in that state; C. is trustworthy; D. has passed the required examination or
presents evidence that the applicant has been exempted from the examination. - ANSA.
Applicants must be at least 18 yrs. of age.
An emergency adjuster license is effective for a period not to exceed: A. 180 days B. 120 days;
C. 90 days; D. 60 days. - ANSC. An emergency license is effective for a period not to exceed 90
days. The commissioner may extend the term of the emergency license for an additional period
of 90 days.
A licensed adjuster must notify the commissioner if the adjuster changes the location of the
adjuster's place of business: A. Within 10 days; B. Within 20 days; C. Within 30 days; D.
Notification must be made promptly - ANSD. A licensed adjuster shall promptly notify the
commissioner if the adjuster changes the location of the adjuster's place of business.
All licensees must complete ________ hours of continuing education within each reporting
period. A. 15; B. 20; C. 24; D. 30 - ANSD. All licensees must complete 30 hours of continuing
education within each reporting period. However, limited lines licensees, those selling life
insurance not exceeding $15,000 and county mutual agents are required to comlete 10 hours of
continuing education during each reporting period.
Which one of the following is not an example of an unfair claim settlement practice? A.
Knowingly misrepresenting pertinent facts to claimants; B. Failing to acknowledge
communication within a reasonably prompt period; C. Failing to examine a claimant under oath;
D. Not attempting in good faith to promptly settle a claim when liability is clear. - ANSC. The
right to examine policyholders under oath, in the case of questionable claims or potential fraud,
is a right of an insurer during a claim investigation and is part of the contractural agreement
between the insurer and the insured. Failing to do so does not constitute a violation of the
state's unfair claims settlement practices.
, A contract that provides insurance coverage for up to 30 days, pending the issuance of the
permanent policy, is called a: A. binder; B. endorsement; C. lender; D. remedy - ANSA. A binder
is a contract that provides temporary insurance coverage for up to 30 days, pending the
issuance of the permanent policy. Lenders must accept binders issued by properly appointed
and licensed agents.
What happens when a married couple who jointly owns residential property divorces during the
term of their homeowners insurance policy? A. Both insureds must reapply for separate
insurance on the property; B. The owner's must decide who will become the named insured and
transfer ownership of the insurance policy to that person; C. The insurance remains in effect,
and the interests of both owners are covered as long as the policy exists or as long as the policy
is not cancelled; D. The insurer has the option to continue the policy that is in force or require
the insureds to apply for new and separate policies. - ANSC. A homeowners or fire insurance
policy issued in Texas must contain a provision that the policy, if issued to cover community
property, will remain in full force and effect as to the interest of each spouse irrespective of
divorce or change of ownership between the spouses. The spouses or former spouses may
apply for separate insurance, but the law does not require them to do so.
All of the following statements regarding arbitration agreements are correct except: A. the
agreement must be in writing to be enforced; B. one party may revoke the agreement by
providing the fair value for the disputed loss; C. arbitration agreement clauses must be included
in all property and casualty policies in Texas; d. the agreement must exist before the dispute
arises for arbitration to take place. - ANSC. Property insurance contracts may contain a clause
that allows the insurer and insured to arbitrate a disagreement about the amount to be paid for a
claim if the agreement is in writing, if the controversy exists at the time the agreement is made
and if the controversy arises between the parties after the date of the agreement. The
agreement may be revoked by either party for a lawful reason by providing the fair value of the
contract.
When can an insurer refuse to pay a claim under a homeowner's policy because the
policyowner misrepresented information on the insurance application? A. when the insurer can
prove that the misrepresentation led to an event that caused the policy to pay; B. When the
insured refuses to submit a new application; C. When the claim was submitted within the first six
months that the policy was in effect; D. When the insured can prove that the misrepresentation
was made with the knowledge of the insurer's agent. - ANSA. No insurer may use the fact that a
policyholder has given false or untrue information on an insurance application as a reason to
cancel the policy or to deny a claim unless it can be proved that the misrepresentation led to an
event that caused the policy to pay a claim that would not otherwise have been paid.
While personal injury protection (PIP) benefits under an auto policy are paid without regard to
fault, an insurer may not pay benefits for any injury: A. caused to the insured by the insured; B.
caused by a public vehicle; C. caused by an underinsured driver; D. under $1500. - ANSA.
Personal Injury Protection (PIP) is required under all auto policies issued in Texas unless
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