Texas All-Lines Adjuster course Final Exam;
Questions & Answers (Grade A+)
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? Correct Answer-...
Texas All-Lines Adjuster course Final Exam;
Questions & Answers (Grade A+)
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? Correct Answer-We have 6
months to reach a final settlement with you.
Janelle has just graduated college and is interested in becoming an adjuster. she
would like to be able to handle any type of claim. The most comprehensive type
of license would be: Correct Answer-All-Lines
Jack and Rebecca own a vacation home on Galveston Island which they have
insured under an HO-3 policy. After a week long winter ski trip to Aspen, they
return home to find their house burglarized and their 50" TV, computer
equipment, jewelry, a valuable gun collection and some fishing equipment
stolen. How would their HO-3 policy respond to this loss? Correct Answer-
The entire theft loss would be covered under Coverage C. subject the policy
limits and to certain limitations.
The oldest form of insurance known to exist is: Correct Answer-Ocean
Marine Insurance
, Texas All-Lines Adjuster course Final Exam;
Questions & Answers (Grade A+)
How is an injured employee's weekly compensation rate for Temporary Income
Benefits (TIBS) calculated under Texas Work
In workers compensation, an "injury is defined to mean: Correct Answer-
personal injury or death by "accident", arising out of work performed in the
course of employment.
Justin is a Property adjuster for XYZ Insurance Company. He receives a claim
involving the theft loss of various types of property. Justin's initial responsibility
upon investigating the loss is to first determine: Correct Answer-If coverage
exists
Jim is a public adjuster. He has an arrangement with a water extraction company
who pays him a commission of 10% for every referral that Jim sends their way.
Which of the following statements is correct? Correct Answer-This
arrangement reflects a breach of ethical conduct and a violation that could
jeopardize Jim's licensure.
, Texas All-Lines Adjuster course Final Exam;
Questions & Answers (Grade A+)
Which of the following would NOT be covered under Coverage C Personal
Property? Correct Answer-Your 10-year old German Shepherd chokes on a
bone and passes away.
A tornado strikes a duplex that is insured under a Dwelling (DP-3) policy. Which
of the following would NOT be covered by the Dwelling policy? Correct
Answer-Damage to another duplex right next door, also owned by the landlord.
Common carriers (i.e. 18-wheelers, trains, planes, etc.) are responsible for
damage to customer goods they transport EXCEPT for damages resulting from:
Correct Answer-Acts of God
You have just started your career handling Texas workers' compensation claims.
Which one of the following WOULD BE considered a violation of the Texas Unfair
Claim Settlement Practices Act? Correct Answer-Not responding to an
employee's calls because you're overworked and the claim involves complex
issues you just don't feel like addressing.
Which type of bond would be used to cover the exposure to employee theft?
Correct Answer-Fidelity bond
, Texas All-Lines Adjuster course Final Exam;
Questions & Answers (Grade A+)
Garrett wants a Texas All Lines Adjuster's license. Which of the following actions
will be necessary for Garrett to secure such a license? Correct Answer-Pass a
state qualifying exam or pre-licensing course that is certified by the Texas
Department of Insurance that includes an approved, comprehensive final
examination of 150 questions, and attach the Certificate of Completion to an
application for licensure.
The DP.3 Dwelling form is an "Open Risk" policy. This means that: Correct
Answer-All risks of direct physical loss are covered unless they are excluded
Assume your home caught fire due to a faulty electrical device. and one month
after the fire you receive a bill from the fire department for $450.00 for
responding to the fire. Would this be paid under your homeowner's policy?
Correct Answer-Yes. It is called Fire Department Service Charge and is an
Additional Coverage provided under the policy, limited to $500.
Generally, if an employee suffers an occupational injury and accepts workers'
compensation benefits, he or she: Correct Answer-Gives up the right to sue
the employer for personal injury and pain and suffering. The employee can only
make claim for workers' compensation benefits.
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