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TEXAS ALL LINES ADJUSTER EXAM ACTUAL EXAM 2024

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TEXAS ALL LINES ADJUSTER EXAM ACTUAL EXAM 2024 What is the failure to use that degree of care which n ordinary person of reasonable prudence would use under similar circumstances? Negligence What is a situation involving a person other than an insured? Third Party Loss What is the resp...

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  • May 19, 2024
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  • 2023/2024
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TEXAS ALL LINES ADJUSTER EXAM ACTUAL EXAM
2024
What is the failure to use that degree of care which n ordinary person of reasonable prudence would
use under similar circumstances?
Negligence


What is a situation involving a person other than an insured?
Third Party Loss


What is the responsibility to another for one's negligence?
Liability


Mary has a homeowner's policy. Her Coverage A limit of liability is $250,000 and her Coverage B limit
of liability is $125,000. Her policy has a 2% deductible. What is her deductible?
$5,000


The part of the insurance policy that details the rights and duties of the insured and the insurance
company in the policy?
Conditions


What is a partial legal defense that reduces the amount of damages that a person can recover based
upon the amount that this person's own negligence contributed to the loss?
Comparative Negligence


Value of property based on the current cost to replace it minus depreciation?
Actual Cash Vale


This type of Auto Coverage pays for your damages if you were involved in a hit and run:
Uninsured Motorist


What is the cost associated with replacing property at current market prices?
Replacement Cost


The process when an insurer and insured have a dispute regarding the amount of the damage:
Appraisal


The intentional misrepresentation of a material fact that may void a contract?
Fraud


What is the type of negotiation that is also sometimes called positional or hard-bargaining?
Distributive


An event that results in an insured loss and damages?
Occurrence

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