1 Exam (elaborations) Texas Claims License Exam Questions Well Answered Graded A 2024. 2 Exam (elaborations) Insurance Adjuster Final Review Exam With Solved Solutions 2024. 3 Exam (elaborations) Adjuster Texas Post Exam Quizess And Updated Answers 2024. 4 Exam (elaborations) Texas Insurance St...
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Subrogate Subrogation is the right for an insurer to legally pursue a third party that caused an insurance loss to the insured. This is done as a means of recovering the amount of the claim paid by the insurance carrier to the insured for the loss. - Answer While investigating a claim, you determ...
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Add to cartSubrogate Subrogation is the right for an insurer to legally pursue a third party that caused an insurance loss to the insured. This is done as a means of recovering the amount of the claim paid by the insurance carrier to the insured for the loss. - Answer While investigating a claim, you determ...
Risk -Answer Uncertainty Types of risk -Answer Pure vs speculative Pure not insured Peril -Answer Cause of loss- open vs named Hazard -Answer Types- physical , moral , morale Indemnity -Answer No gain Subrogation -Answer Insurance sues at fault party Fiduciary -...
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Add to cartRisk -Answer Uncertainty Types of risk -Answer Pure vs speculative Pure not insured Peril -Answer Cause of loss- open vs named Hazard -Answer Types- physical , moral , morale Indemnity -Answer No gain Subrogation -Answer Insurance sues at fault party Fiduciary -...
You have just completed the handling of John Wood's roof claim. Mr Wood disagrees with your coverage determination to deny his claim, what must you provide to mr. Wood? - Answer written explanation of full or partial rejection of the claim. An employee of the insurance company's claim departm...
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Add to cartYou have just completed the handling of John Wood's roof claim. Mr Wood disagrees with your coverage determination to deny his claim, what must you provide to mr. Wood? - Answer written explanation of full or partial rejection of the claim. An employee of the insurance company's claim departm...
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? - Answer We have 6 months to reach a final settlement with you. Janelle has just graduated ...
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Add to cartA 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? - Answer We have 6 months to reach a final settlement with you. Janelle has just graduated ...
Actual Cash Value (ACV) - Answer A valuation method used by insurers to reflect an item's current market value right before being damaged or destroyed. Formula: (Replacement cost - Accumulated Depreciation) Adhesion - Answer Characteristic of an insurance contract. Means that one party (th...
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Add to cartActual Cash Value (ACV) - Answer A valuation method used by insurers to reflect an item's current market value right before being damaged or destroyed. Formula: (Replacement cost - Accumulated Depreciation) Adhesion - Answer Characteristic of an insurance contract. Means that one party (th...
Accumulated Depreciation - Answer The total decrease in an item's value over a period of time. Formula: (Annual Depreciation x Number of years used) Acreage Reporting Date - Answer The deadline for providing the insurer with an acreage report, which is used to determine the amount of cover...
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Add to cartAccumulated Depreciation - Answer The total decrease in an item's value over a period of time. Formula: (Annual Depreciation x Number of years used) Acreage Reporting Date - Answer The deadline for providing the insurer with an acreage report, which is used to determine the amount of cover...
All of the following are criteria for an accident to have occurred "in the course of" the employment under a workers' compensation policy, EXCEPT: - Answer While performing a task that a fellow worker requested, that was unusual to the employee's job description, but occurred on the employer...
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Add to cartAll of the following are criteria for an accident to have occurred "in the course of" the employment under a workers' compensation policy, EXCEPT: - Answer While performing a task that a fellow worker requested, that was unusual to the employee's job description, but occurred on the employer...
insurance - Answer financial took that protects individual and organizations from unforeseen and extraordinary financial losses by transferring risk to another party insured - Answer individual or organization that pays premiums in exchange for protection insurer - Answer company, group,...
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Add to cartinsurance - Answer financial took that protects individual and organizations from unforeseen and extraordinary financial losses by transferring risk to another party insured - Answer individual or organization that pays premiums in exchange for protection insurer - Answer company, group,...
Adjuster - Answer any person who, as an independent contractor, or as an employee of an independent contractor; adjustment bureau; association; insurance company or corporation; local recording agent; managing general agent; or self-insured, investigates or adjusts losses on behalf of either an i...
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Add to cartAdjuster - Answer any person who, as an independent contractor, or as an employee of an independent contractor; adjustment bureau; association; insurance company or corporation; local recording agent; managing general agent; or self-insured, investigates or adjusts losses on behalf of either an i...
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Adjuster - Answer any person who, as an independent contractor, or as an employee of an independent contractor; adjustment bureau; association; insurance company or corporation; local recording agent; managing general agent; or self-insured, investigates or adjusts losses on behalf of either an i...
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Add to cartAdjuster - Answer any person who, as an independent contractor, or as an employee of an independent contractor; adjustment bureau; association; insurance company or corporation; local recording agent; managing general agent; or self-insured, investigates or adjusts losses on behalf of either an i...
abandonment - Answer a term that applies to property and signifies both a relinquishing of it and the letting go of all legal rights to it, as well, with the intent to claim a total loss. Abandonment of property to an insurance company is something sinusoids are expressly prohibited from doing in...
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Add to cartabandonment - Answer a term that applies to property and signifies both a relinquishing of it and the letting go of all legal rights to it, as well, with the intent to claim a total loss. Abandonment of property to an insurance company is something sinusoids are expressly prohibited from doing in...
Texas Department of Insurance - Answer Governing body regulating insurance companies and personnel. Commissioner - Answer The head of the state department of insurance. 2 years - Answer Length of appointment for insurance commissioner. Line - Answer The type of insurance Texa...
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Add to cartTexas Department of Insurance - Answer Governing body regulating insurance companies and personnel. Commissioner - Answer The head of the state department of insurance. 2 years - Answer Length of appointment for insurance commissioner. Line - Answer The type of insurance Texa...
Insurance History and Regulation: Insurance - Answer Coverage by contract whereby one party undertakes to indemnity (hold harmless) or guarantee another against loss by a specified contingency or peril. Insurance History and Regulation: NAIC - Answer An organization whose purpose is to organi...
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Add to cartInsurance History and Regulation: Insurance - Answer Coverage by contract whereby one party undertakes to indemnity (hold harmless) or guarantee another against loss by a specified contingency or peril. Insurance History and Regulation: NAIC - Answer An organization whose purpose is to organi...
The insured has filed a claim under the "Business Income Department Properties - Broad Form" because the primary buyer of products and services from the business has filed for bankruptcy under this form the primary buyers business would be known as - Answer A recipient location recipient loc...
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Add to cartThe insured has filed a claim under the "Business Income Department Properties - Broad Form" because the primary buyer of products and services from the business has filed for bankruptcy under this form the primary buyers business would be known as - Answer A recipient location recipient loc...
What are 3 subjects an auto policy covers? - Answer 1. Body 2. The vehicle 3. Assets Bodily Injury Types - Answer Personal Injury Med Pay Uninsured Motorist No Fault Insurance - Answer State stipulates that parties cannot file a claim to the other persons insurance policy unless re...
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Add to cartWhat are 3 subjects an auto policy covers? - Answer 1. Body 2. The vehicle 3. Assets Bodily Injury Types - Answer Personal Injury Med Pay Uninsured Motorist No Fault Insurance - Answer State stipulates that parties cannot file a claim to the other persons insurance policy unless re...
How many hours of ethics continuing education must an agent complete in any 2-year license period? A. 4 B. 5 C. 3 D. 2 - Answer D The commissioner has the power to A. appoint a stock insurance company board of directors B. issue certificates of authority to insurers C. authorize a mutual insur...
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Add to cartHow many hours of ethics continuing education must an agent complete in any 2-year license period? A. 4 B. 5 C. 3 D. 2 - Answer D The commissioner has the power to A. appoint a stock insurance company board of directors B. issue certificates of authority to insurers C. authorize a mutual insur...
All of the following pieces of information can be found in the conditions section of an insurance policy EXCEPT: - Answer Causes of loss that are not covered Which of the following best defines the principle of indemnity? - Answer After a loss, the insured should be restored to his approximat...
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Add to cartAll of the following pieces of information can be found in the conditions section of an insurance policy EXCEPT: - Answer Causes of loss that are not covered Which of the following best defines the principle of indemnity? - Answer After a loss, the insured should be restored to his approximat...
Which kind of losses are covered under a standard fire policy? - Answer Direct All fires are not covered by the Standard Fire policies, only those that: - Answer are hostile and have a flame or glow At what time does a fire policy go into affect? - Answer 12:01am standard time at the ...
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Add to cartWhich kind of losses are covered under a standard fire policy? - Answer Direct All fires are not covered by the Standard Fire policies, only those that: - Answer are hostile and have a flame or glow At what time does a fire policy go into affect? - Answer 12:01am standard time at the ...
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