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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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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