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SUPER-DUPER TEXAS ADJUSTER LICENSE NEWEST 2024 ACTUAL EXAM COMPLETE 300 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+ $22.99   Add to cart

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SUPER-DUPER TEXAS ADJUSTER LICENSE NEWEST 2024 ACTUAL EXAM COMPLETE 300 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+

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SUPER-DUPER TEXAS ADJUSTER LICENSE NEWEST 2024 ACTUAL EXAM COMPLETE 300 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+

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  • October 14, 2024
  • 14
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • SUPER-DUPER TEXAS ADJUSTER LICENSE
  • SUPER-DUPER TEXAS ADJUSTER LICENSE
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10/14/24, 3:37 PM SUPER-DUPER TEXAS ADJUSTER LICENSE NEWEST 2024 ACTUAL EXAM COMPLETE 300 QUESTIONS AND CORRECT D…




SUPER-DUPER TEXAS ADJUSTER LICENSE
NEWEST 2024 ACTUAL EXAM COMPLETE 300
QUESTIONS AND CORRECT DETAILED ANSWERS
(VERIFIED ANSWERS) |ALREADY GRADED A+


Terms in this set (309)


Coverage by contract whereby one party undertakes
Insurance History and
to indemnity (hold harmless) or guarantee another
Regulation: Insurance
against loss by a specified contingency or peril.

An organization whose purpose is to organize the
Insurance History and regulatory and supervisory efforts of the various state
Regulation: NAIC insurance commissioners from around the United
States.

Protection of Consumer Regulates the consumer interest in regard to
Interests: The Texas insurance.
Department of Insurance
(TDI)

Protection of Consumer Insurance Commissioner
Interests: Head of the
Texas Department of
Insurance

Protection of Consumer was set up by the State of Texas to establish certain
Interests: Chapter 541 - practices which constitute unfair and/or deceptive
Unfair and Deceptive insurance acts.
Insurance Practices




https://quizlet.com/956854477/super-duper-texas-adjuster-license-newest-2024-actual-exam-complete-300-questions-and-correct-detailed-answers-v… 1/14

, 10/14/24, 3:37 PM SUPER-DUPER TEXAS ADJUSTER LICENSE NEWEST 2024 ACTUAL EXAM COMPLETE 300 QUESTIONS AND CORRECT D…

Protection of Consumer within 15 days 1) acknowledge receipt of a claim 2)
Interests: Texas Insurance begin investigation 3) request items from the claimant.
Code requires what within
how many days of receipt
of a claim that the insurer?

Insurance: What is the to provide a way to spread risk over a large group of
purpose of insurance? people

IS AN INSURANCE PRINCIPLE STATING THAT AN
INSURED MAY NOT BE COMPENSATED BY
Insurance: Principle of INSURANCE COMPANY IN AN AMOUNT
Indemnity EXCEEDING THE INSURED'S ECONOMIC LOSS. It is a
principle that returns the insured to their previous
financial condition.

Insurance: What are the 1) to prevent the insured from profiting from a loss 2)
two purposes of to reduce moral hazard
indemnity?

(1) the potential for a financial loss or the statistical
chance of danger from exposure to a hazard or peril
Insurance: what is risk?
(2) the uncertainty about loss that exists whenever
more than one outcome is possible

Insurance: Proximate is the first event in an uninterrupted chain of events
Cause that leads to a loss

Speculative: affords the opportunity for gain as well as
Insurance: What are the 2 the possibility of loss
types of risk? Pure: a risk where there is the potential of real loss
due to exposure to a peril

Insurance: example of risk to avoid risks associated with swimming pools, don't
avoidance buy a home with a pool.

Insurance: example of risk to reduce fire damage, install a sprinkler system in
reduction home

Insurance: Example of risk insurance company accepts risk when they've
retention accepted the insured.


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