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Exam (elaborations)

Texas Adjuster Exam Questions and Answers | Latest Update

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If an automobile policy has split limits of 30/60/25. What is the maximum amount of liability coverage that would be paid in a covered loss where three people are involved. $30,000 Which of the following statements best describes an inland marine policy? Pertains to Cargo with no fixed locat...

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  • September 27, 2024
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  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Adjuster
  • Adjuster
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2024/ 2025 | © copyright | This work may not be copied for profit gain Excel!

Texas Adjuster Exam Questions and
Answers | Latest Update
If an automobile policy has split limits of 30/60/25. What is the maximum amount of liability

coverage that would be paid in a covered loss where three people are involved.


✓ $30,000




Which of the following statements best describes an inland marine policy?


✓ Pertains to Cargo with no fixed location




Alex is traveling through College Station and hits a deer, and the damages are $1500. He has

comprehensive coverage with a $500 deductible. What will you pay?


✓ $1000




This department is responsible for making rates and determines the rates charged by the

insurer


✓ Actuarial department




Johnny has 30/60/25 limits on his auto policy, and he negligently ran into a parked car driven

by Steve Garcia. What is the maximum amount of coverage that can be provided for the

damage to Steve's car?


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,2024/ 2025 | © copyright | This work may not be copied for profit gain Excel!
✓ 25,000




Your customer has HO-B homeowners policy with a Coverage A limit os $300,000. His

mortgage payment is $1,400 per month. He can't stay in his home for 1 month due to a

claim that was caused by smoke. He is staying in a local hotel for 1 month. The cost of the

hotel is $900 for the moth. How much will you pay your policyholder for Additional Living

Expenses


✓ $900




Insurance for ocean vessels is the ______ type of insurance?


✓ oldest




Your insured has a homeowners policy with a Coverage A limit of $50,000, His coverage B

limit is $20,000. His deductible is 1%. He has 30 trees that are damaged during the fire. How

much are you going to pay on his claim?


✓ 2500




If you have a covered loss, in excess of a limit, you can apply that excess towards the

deductible. This best describes?


✓ Absorbing the deductible



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, 2024/ 2025 | © copyright | This work may not be copied for profit gain Excel!


What type of contract exists when the insurance policy is valid even though there is an

unequal exchange?


✓ Aleatory Contract




What is the intentional or unintentional impression by the insurance company that a certain

fact exists when it does not?


✓ Estoppel




An event that results in an insured loss / damages.


✓ Occurrence




Joseph ross owns a 2014 Toyota Avalon. while at the mall shopping, someone hit his car and

left a big dent on the right side of his car. He does not know who hit his car, and there are

no witnesses to this accident. What type of insurance protection does he need to protect

him from financial loss in this situation


✓ Comprehensive




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