Texas All-Lines Adjuster course Final
Exam
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? - We have 6 months to reach a final settlement ...
Texas All-Lines Adjuster course Final
Exam
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? - We have 6 months to reach a final settlement with
you.
Janelle has just graduated college and is interested in becoming an adjuster. she would
like to be able to handle any type of claim. The most comprehensive type of license
would be: - All-Lines
Jack and Rebecca own a vacation home on Galveston Island which they have insured
under an HO-3 policy. After a week long winter ski trip to Aspen, they return home to
find their house burglarized and their 50" TV, computer equipment, jewelry, a valuable
gun collection and some fishing equipment stolen. How would their HO-3 policy respond
to this loss? - The entire theft loss would be covered under Coverage C. subject the
policy limits and to certain limitations.
The oldest form of insurance known to exist is: - Ocean Marine Insurance
How is an injured employee's weekly compensation rate for Temporary Income Benefits
(TIBS) calculated under Texas Work
Comp laws? - The comp rate = (AWW - Post Injury Earnings) × 70%
In workers compensation, an "injury is defined to mean: - personal injury or death by
"accident", arising out of work performed in the course of employment.
Justin is a Property adjuster for XYZ Insurance Company. He receives a claim involving
the theft loss of various types of property. Justin's initial responsibility upon investigating
the loss is to first determine: - If coverage exists
Jim is a public adjuster. He has an arrangement with a water extraction company who
pays him a commission of 10% for every referral that Jim sends their way. Which of the
following statements is correct? - This arrangement reflects a breach of ethical conduct
and a violation that could jeopardize Jim's licensure.
Which of the following would NOT be covered under Coverage C Personal Property? -
Your 10-year old German Shepherd chokes on a bone and passes away.
A tornado strikes a duplex that is insured under a Dwelling (DP-3) policy. Which of the
following would NOT be covered by the Dwelling policy? - Damage to another duplex
right next door, also owned by the landlord.
,Common carriers (i.e. 18-wheelers, trains, planes, etc.) are responsible for damage to
customer goods they transport EXCEPT for damages resulting from: - Acts of God
You have just started your career handling Texas workers' compensation claims. Which
one of the following WOULD BE considered a violation of the Texas Unfair Claim
Settlement Practices Act? - Not responding to an employee's calls because you're
overworked and the claim involves complex issues you just don't feel like addressing.
Which type of bond would be used to cover the exposure to employee theft? - Fidelity
bond
Garrett wants a Texas All Lines Adjuster's license. Which of the following actions will be
necessary for Garrett to secure such a license? - Pass a state qualifying exam or pre-
licensing course that is certified by the Texas Department of Insurance that includes an
approved, comprehensive final examination of 150 questions, and attach the Certificate
of Completion to an application for licensure.
The DP.3 Dwelling form is an "Open Risk" policy. This means that: - All risks of direct
physical loss are covered unless they are excluded
Assume your home caught fire due to a faulty electrical device. and one month after the
fire you receive a bill from the fire department for $450.00 for responding to the fire.
Would this be paid under your homeowner's policy? - Yes. It is called Fire Department
Service Charge and is an Additional Coverage provided under the policy, limited to
$500.
Generally, if an employee suffers an occupational injury and accepts workers'
compensation benefits, he or she: - Gives up the right to sue the employer for personal
injury and pain and suffering. The employee can only make claim for workers'
compensation benefits.
Janelle has a Texas Personal Auto Policy with 30/60/25 policy limits. She hits a car with
4 occupants, all of whom are hurt.
They all sue. Each of the injured parties receives identical verdicts of $40,000. Under
Janelle's bodily injury liability coverage, what is the total amount that the company
would pay for the injuries to these plaintiffs? - $60,000
A person or entity who guarantees the performance or payment of one party who is
obligated by contract to another is called a: - Surety
If your insured were to ask you if a Dwelling policy would pay for his loss of rental
income after a fire loss while the property is being repaired. what would you tell him? -
Yes, and it's called Fair Rental Value coverage and is available under Coverage D.
, Fred runs a convenience store that sells gasoline. One day a customer pulls away from
the pump while the gas is still pumping, breaks the pump line and causes gasoline to
escape all over the parking lot and into the storm drain. Fred files a claim under his
commercial property policy. Damage to repair the pump totals $545.00 and $257.00
worth of gasoline was pumped out before anyone noticed and stopped the pump. The
local HazMat team was called out by the authorities to clean up the parking lot and the
storm drain. Fred received a bill from the County for $12.850.00 for the clean up. He
sends the bill to you to pay. What kind of coverage is available to Fred as a commercial
property extension of coverage needed to pay this loss? - Pollution Clean Up and
Removal
A cargo ship loaded with lumber and sailing from Seattle, Washington to Tokyo, Japan,
encountered "the perfect storm" during its trip across the Pacific Ocean. Some of the
lumber was thrown overboard to save the ship. This action is called: - Jettison
Roberto owns a house on Lake Conroe. The house is insured with an HO-3 policy.
During a storm, a tornado touches down and severely damages the house. Because the
house is untenable and it will take 2 months to complete repairs, Roberto moves Into a
local Marriott Residence Inn. Under which of the following coverages would Roberto be
able to recover the additional expense of the Marriott and other costs? - Coverage D:
Loss of Use
Dwelling policies: - provide basic property protection for individuals who want to protect
their financial interest in a property
Which of the following perils or exposure are Fidelity bonds generally used to insure
against? - Embezzlement
To be compensable under workers' compensation laws, most jurisdictions require that
an injury: - arise out of and in the course of employment.
A customer of the Sunshine Grocery Store hit her leg on a low shelf in the isle of the
store. The claim was assigned to you for handling. After contacting the claimant and
taking a statement, you learn that the injury was minor and, at most, an inconvenience.
Medical expenses were only $525.00 and there were no complications. You think the
best way to handle the case Is to offer to pay her medical bills without admitting liability
and try backing away without committing to any kind of settlement. How would you do
it? - Tell her you'll pay her bills and ask her to call you if she has any questions. You
would then wish her well and, when the bills arrive, pay them under the business's
Medical Payments coverage.
You just started working as an adjuster with handling Texas 1st and 3rd party property
damage claims. Which one of the following would NOT be an example of an unfair claim
settlement practice? - Deciding not to take a statement from an insured under oath in
the investigation of a 1st party property claim.
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