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Texas All-Lines Adjuster course Final Exam Questions With Complete Solutions(100%verified)

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Texas All-Lines Adjuster course Final Exam Questions With Complete Solutions(100%verified) 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? - corr...

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  • August 31, 2024
  • 55
  • 2024/2025
  • Exam (elaborations)
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  • Course Texas All Lines Adjuster
  • Course Texas All Lines Adjuster
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Texas All-Lines Adjuster course Final Exam Questions
With Complete Solutions(100%verified)

A gsevere gthunderstorm gdamaged ga gpolicyholder's gresidence. gHe gcalled gand gasked

ghow glong git gwould gbe gbefore ghe greceives gpayment gfor ghis gclaim. gWhich gof gthe


gfollowing gwould gNOT gbe gan gappropriate gresponse? g- gANS-We ghave g6 gmonths gto


greach ga gfinal gsettlement gwith gyou.




Janelle ghas gjust ggraduated gcollege gand gis ginterested gin gbecoming gan gadjuster. gshe

gwould glike gto gbe gable gto ghandle gany gtype gof gclaim. gThe gmost gcomprehensive gtype


gof glicense gwould gbe: g- gANS-All-Lines




Jack gand gRebecca gown ga gvacation ghome gon gGalveston gIsland gwhich gthey ghave

ginsured gunder gan gHO-3 gpolicy. gAfter ga gweek glong gwinter gski gtrip gto gAspen, gthey


greturn ghome gto gfind gtheir ghouse gburglarized gand gtheir g50" gTV, gcomputer gequipment,


gjewelry, ga gvaluable ggun gcollection gand gsome gfishing gequipment gstolen. gHow gwould


gtheir gHO-3 gpolicy grespond gto gthis gloss? g- gANS-The gentire gtheft gloss gwould gbe


gcovered gunder gCoverage gC. gsubject gthe gpolicy glimits gand gto gcertain glimitations.




The goldest gform gof ginsurance gknown gto gexist gis: g- gANS-Ocean gMarine gInsurance



How gis gan ginjured gemployee's gweekly gcompensation grate gfor gTemporary gIncome

gBenefits g(TIBS) gcalculated gunder gTexas gWork

,Comp glaws? g- gANS-The gcomp grate g= g(AWW g- gPost gInjury gEarnings) g× g70%



In gworkers gcompensation, gan g"injury gis gdefined gto gmean: g- gANS-personal ginjury gor

gdeath gby g"accident", garising gout gof gwork gperformed gin gthe gcourse gof gemployment.




Justin gis ga gProperty gadjuster gfor gXYZ gInsurance gCompany. gHe greceives ga gclaim

ginvolving gthe gtheft gloss gof gvarious gtypes gof gproperty. gJustin's ginitial gresponsibility


gupon ginvestigating gthe gloss gis gto gfirst gdetermine: g- gANS-If gcoverage gexists




Jim gis ga gpublic gadjuster. gHe ghas gan garrangement gwith ga gwater gextraction gcompany

gwho gpays ghim ga gcommission gof g10% gfor gevery greferral gthat gJim gsends gtheir gway.


gWhich gof gthe gfollowing gstatements gis gcorrect? g- gANS-This garrangement greflects ga


gbreach gof gethical gconduct gand ga gviolation gthat gcould gjeopardize gJim's glicensure.




Which gof gthe gfollowing gwould gNOT gbe gcovered gunder gCoverage gC gPersonal gProperty?

g- gANS-Your g10-year gold gGerman gShepherd gchokes gon ga gbone gand gpasses gaway.




A gtornado gstrikes ga gduplex gthat gis ginsured gunder ga gDwelling g(DP-3) gpolicy. gWhich gof

gthe gfollowing gwould gNOT gbe gcovered gby gthe gDwelling gpolicy? g- gANS-Damage gto


ganother gduplex gright gnext gdoor, galso gowned gby gthe glandlord.

,Common gcarriers g(i.e. g18-wheelers, gtrains, gplanes, getc.) gare gresponsible gfor gdamage gto

gcustomer ggoods gthey gtransport gEXCEPT gfor gdamages gresulting gfrom: g- gANS-Acts gof


gGod




You ghave gjust gstarted gyour gcareer ghandling gTexas gworkers' gcompensation gclaims.

gWhich gone gof gthe gfollowing gWOULD gBE gconsidered ga gviolation gof gthe gTexas gUnfair


gClaim gSettlement gPractices gAct? g- gANS-Not gresponding gto gan gemployee's gcalls


gbecause gyou're goverworked gand gthe gclaim ginvolves gcomplex gissues gyou gjust gdon't


gfeel glike gaddressing.




Which gtype gof gbond gwould gbe gused gto gcover gthe gexposure gto gemployee gtheft? g-

gANS-Fidelity gbond




Garrett gwants ga gTexas gAll gLines gAdjuster's glicense. gWhich gof gthe gfollowing gactions

gwill gbe gnecessary gfor gGarrett gto gsecure gsuch ga glicense? g- gANS-Pass ga gstate gqualifying


gexam gor gpre-licensing gcourse gthat gis gcertified gby gthe gTexas gDepartment gof gInsurance


gthat gincludes gan gapproved, gcomprehensive gfinal gexamination gof g150 gquestions, gand


gattach gthe gCertificate gof gCompletion gto gan gapplication gfor glicensure.




The gDP.3 gDwelling gform gis gan g"Open gRisk" gpolicy. gThis gmeans gthat: g- gANS-All grisks

gof gdirect gphysical gloss gare gcovered gunless gthey gare gexcluded

, Assume gyour ghome gcaught gfire gdue gto ga gfaulty gelectrical gdevice. gand gone gmonth

gafter gthe gfire gyou greceive ga gbill gfrom gthe gfire gdepartment gfor g$450.00 gfor


gresponding gto gthe gfire. gWould gthis gbe gpaid gunder gyour ghomeowner's gpolicy? g- gANS-


Yes. gIt gis gcalled gFire gDepartment gService gCharge gand gis gan gAdditional gCoverage

gprovided gunder gthe gpolicy, glimited gto g$500.




Generally, gif gan gemployee gsuffers gan goccupational ginjury gand gaccepts gworkers'

gcompensation gbenefits, ghe gor gshe: g- gANS-Gives gup gthe gright gto gsue gthe gemployer gfor


gpersonal ginjury gand gpain gand gsuffering. gThe gemployee gcan gonly gmake gclaim gfor


gworkers' gcompensation gbenefits.




Janelle ghas ga gTexas gPersonal gAuto gPolicy gwith g30/60/25 gpolicy glimits. gShe ghits ga gcar

gwith g4 goccupants, gall gof gwhom gare ghurt.


They gall gsue. gEach gof gthe ginjured gparties greceives gidentical gverdicts gof g$40,000.

gUnder gJanelle's gbodily ginjury gliability gcoverage, gwhat gis gthe gtotal gamount gthat gthe


gcompany gwould gpay gfor gthe ginjuries gto gthese gplaintiffs? g- gANS-$60,000




A gperson gor gentity gwho gguarantees gthe gperformance gor gpayment gof gone gparty gwho

gis gobligated gby gcontract gto ganother gis gcalled ga: g- gANS-Surety




If gyour ginsured gwere gto gask gyou gif ga gDwelling gpolicy gwould gpay gfor ghis gloss gof

grental gincome gafter ga gfire gloss gwhile gthe gproperty gis gbeing grepaired. gwhat gwould

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