TEXAS ADJUSTER EXAM 2024-2025 ACTUAL
EXAM 100 QUESTIONS AND CORRECT DETAILED
ANSWERS (VERIFIED ANSWERS) |AGRADE
Terms in this set (488)
Abandonment is a loss The insured may not abandon her property in the
provision that clarifies that event of a claim to obtain a total loss settlement
the insured may NOT do
which of the following?
- The insured may not
move to another state
until her claim is settled
- The insured may not
change insurance carriers
during the claim
settlement process
- The insured may not
abandon her property in
the event of a claim to
obtain a total loss
settlement
- The insured may not
upgrade to a more
expensive vehicle once
her claim is settled
,ABC Insurance Company Domestic
has offices around the
world, and its corporate
office is located in Maine.
If ABC is providing
coverage to residents of
Maine, they would be
considered
- Local
- Alien
- Foreign
- Domestic
ABC Insurance Company Foreign
has offices around the
world, and its corporate
office is located in Maine.
If ABC is providing
coverage to residents of
New York, in New York,
they would be considered
- Illegal
- Foreign
- Alien
- Domestic
According to contract law, Good faith
a covenant of fair dealings
and what other concept is
implied in every contract?
- Friendship
- Legal
- Good Faith
- Care
,According to Coverage C A gun that was stolen, valued $2000
in the homeowners policy,
which of the following
would be covered in full
after the loss is reported?
- $500 in cash
- A gun that was stolen,
valued $2000
- A diamond ring that was
stolen, valued at $5000
- A trailer that was stolen
valued at $3000
According to Texas law, 30 days
how long after receiving
claim documentation does
the insurer have to notify
the claimant of
acceptance or rejection if
arson is suspected?
- 15 business days
- 30 business days
- 15 days
- 30 days
, According to the building An accountant borrows 2 additional computers for
and personal property the office during tax season
coverage form, which of
the following could be
covered by Coverage C
(personal property or
others)?
- A dry cleaner has
customers' clothes in her
possession for cleaning
- A computer repair shop
is repairing a computer for
a customer
- An accountant borrows 2
additional computers for
the office during tax
season
- A florist made an
arrangement for a
customer, and it is
awaiting delivery
According to the $2500
commercial building and
personal property
coverage form, signs
attached to the building
are covered for:
- $2500
- $0
- $1000
- $500
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