Texas All lines Adjuster; Questions & Answers
(Grade A+)
Adjuster Correct Answer-an individual license under Insurance Code Article
21.07-4
All lines, Property & Casualty, Workers Compensation Correct Answer-Types
of Texas adjusters
CPCU designated, Associat in claims (AIC) designation, completed course or
exam with 12 months, expired license 91-364 days Correct Answer-Exempt
from licensing exam
License expires on Correct Answer-2nd anniversary of issue date
Must apply after Correct Answer-90 days expired
Must retest after Correct Answer-one year
Required to complete _________ hours of CE with a two year period Correct
Answer-30
, Texas All lines Adjuster; Questions & Answers
(Grade A+)
Must complete at least two CE hours in Correct Answer-Ethics and/or
consumer protection
Exempt from required CE after Correct Answer-20 years
Failure to complete require CE Correct Answer-Fine of $50 per credit hour not
completed
Law of large numbers Correct Answer-helps to predict the number of losses
they will pay in a given time
The principal of Indemnity Correct Answer-no insured should be in a better
financial position after loss
The Principal of Insurable Interest Correct Answer-a party must have an
insurable interest to purchase insurance.
Contract Correct Answer-a legal agreement between two competent parties
that promises a certain performance in exchange for a certain considerations
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