Adjuster Pro Texas WITH
100% CORRECT ANSWERS
2024
All of the following pieces of information can be
found in the conditions section of an insurance
policy EXCEPT: - answer Causes of loss that are not
covered
Which of the following best defines the principle of
indemnity? - answer After a loss, the insured
should be restored to his approximate financial
condition before the loss
SureTrust Insurance was founded and operates in
Texas. In Texas, Suretrust is considered - answer a
domestic insurer
What is a reserve, in insurance terms? - answer A
pool of collected premiums that the insurer sets
aside to pay claims
Which of the following would you find in the
Conditions section of an insurance policy? - answer
The insured's duty after a loss
,Which of the following is found in the declarations
page of an insurance policy? - answer The name of
the insured party
Which of the following refers to being restored to
the financial condition you were in before a loss? -
answer Indemnification
Dr. Nelson routinely schedules her patients for lab
tests that they dont need so she can charge their
insurers for more money. Dr. Nelson is: - answer
committing health insurance fraud
Six Starts Development Company has just
purchased several large properties in Las Vegas.
As a result of this large purchase, they are a little
short on money and decide to save money by not
purchasing insurance on their new properties. Six
Stars is practicing: - answer Risk retention
Which of the following people committed soft
fraud? - answer Rafael accidentally slipped on a
wet floor at the supermarket. Although his only
injury was a sprained ankle, he claimed he had
back and neck pain when he sued the supermarket
in an effort to get more money in the settlement.
,When a car stops short in front of Mike's car, he
manages to hit the brakes in time and avoids a
collision. To Mike's surprise, the other driver then
throws the car into reverse and backs into Mike's
car! The other drivers actions are an example of: -
answer Hard fraud
When Louise goes online and fills out phony
applications with XYZ Auto Insurance in order to
print the temporary insurance cards and sell them
for a profit on the black market, she is: - answer
Committing hard fraud
Lucy has insurance on an expensive necklace she
likes to wear to work every day. After work, she
takes it off and leaves it in her car's cupholder so
she can put it back on in the morning on her way to
work. Lucy's behavior would be considered a: -
answer Morale hazard
When an insurer issues an insurance policy, the
actual item, person, or organization that is being
insured is called the: - answer Risk
Which of the following situations does not involve
an instance of "pure risk" - answer Loss of money
invested in the stock market
, Which of the following is an example of how some
insurers are fighting back against insurance fraud?
- answer Starting fraud busting units staffed with
former detectives and police officers
Which of the following is NOT a form of insurance
fraud? - answer Increasing your insurance
coverage when you think a loss is likely
Steve has just purchased a wedding ring for his
new bride. If something were to happen to the
ring, he'd be out of a lot of money, so he purchases
an insurance policy. He is able to do this because: -
answer The ring is a pure risk
Haley takes a bottle of water into a store, pours
some of it on the floor when no one is looking, and
then pretends to slip and fall. She cries out for
help in apparent pain until someone comes to her
aid. She then sues the store for her fake injury in
an effort to collect an insurance settlement. What
has Haley committed? - answer Hard fraud
After an earthquake, Jake's home is still standing,
but it is a little shaken. The damage is not
extensive but Jake wants to cash in on the
situation, so he takes a sledgehammer to some of
his extra belongings and adds them to his claim.
100% CORRECT ANSWERS
2024
All of the following pieces of information can be
found in the conditions section of an insurance
policy EXCEPT: - answer Causes of loss that are not
covered
Which of the following best defines the principle of
indemnity? - answer After a loss, the insured
should be restored to his approximate financial
condition before the loss
SureTrust Insurance was founded and operates in
Texas. In Texas, Suretrust is considered - answer a
domestic insurer
What is a reserve, in insurance terms? - answer A
pool of collected premiums that the insurer sets
aside to pay claims
Which of the following would you find in the
Conditions section of an insurance policy? - answer
The insured's duty after a loss
,Which of the following is found in the declarations
page of an insurance policy? - answer The name of
the insured party
Which of the following refers to being restored to
the financial condition you were in before a loss? -
answer Indemnification
Dr. Nelson routinely schedules her patients for lab
tests that they dont need so she can charge their
insurers for more money. Dr. Nelson is: - answer
committing health insurance fraud
Six Starts Development Company has just
purchased several large properties in Las Vegas.
As a result of this large purchase, they are a little
short on money and decide to save money by not
purchasing insurance on their new properties. Six
Stars is practicing: - answer Risk retention
Which of the following people committed soft
fraud? - answer Rafael accidentally slipped on a
wet floor at the supermarket. Although his only
injury was a sprained ankle, he claimed he had
back and neck pain when he sued the supermarket
in an effort to get more money in the settlement.
,When a car stops short in front of Mike's car, he
manages to hit the brakes in time and avoids a
collision. To Mike's surprise, the other driver then
throws the car into reverse and backs into Mike's
car! The other drivers actions are an example of: -
answer Hard fraud
When Louise goes online and fills out phony
applications with XYZ Auto Insurance in order to
print the temporary insurance cards and sell them
for a profit on the black market, she is: - answer
Committing hard fraud
Lucy has insurance on an expensive necklace she
likes to wear to work every day. After work, she
takes it off and leaves it in her car's cupholder so
she can put it back on in the morning on her way to
work. Lucy's behavior would be considered a: -
answer Morale hazard
When an insurer issues an insurance policy, the
actual item, person, or organization that is being
insured is called the: - answer Risk
Which of the following situations does not involve
an instance of "pure risk" - answer Loss of money
invested in the stock market
, Which of the following is an example of how some
insurers are fighting back against insurance fraud?
- answer Starting fraud busting units staffed with
former detectives and police officers
Which of the following is NOT a form of insurance
fraud? - answer Increasing your insurance
coverage when you think a loss is likely
Steve has just purchased a wedding ring for his
new bride. If something were to happen to the
ring, he'd be out of a lot of money, so he purchases
an insurance policy. He is able to do this because: -
answer The ring is a pure risk
Haley takes a bottle of water into a store, pours
some of it on the floor when no one is looking, and
then pretends to slip and fall. She cries out for
help in apparent pain until someone comes to her
aid. She then sues the store for her fake injury in
an effort to collect an insurance settlement. What
has Haley committed? - answer Hard fraud
After an earthquake, Jake's home is still standing,
but it is a little shaken. The damage is not
extensive but Jake wants to cash in on the
situation, so he takes a sledgehammer to some of
his extra belongings and adds them to his claim.
