Texas adjusters license - Study guides, Class notes & Summaries

Horatio is a business owner who is part of a business owners group that are buying old commercial buildings in their small city and refurbishing them. Horatio has bought a beautiful historical building made mostly of wood. He installs a sprinkler system right away to prevent a fire. What risk management strategy is Horatio using? correct answers Risk Reduction A church has had the woodwork in the building refinished and new stain and varnish has been applied. The workers placed the rags and b...

Texas Adjuster All-Lines License Q-Bank (+280Q) All with correct Answers 2023 County Mutual Insurance Company is attempting to make Maytag reimburse them for water damages that were caused by a defective valve on their refrigerator. This process is known as ___________? {{Correct Ans- Subrogation What is the property insurance provision for when an insurer and an insured have a dispute regarding the amount of damage on a claim? {{Correct Ans- Appraisal clause ___________ is a significant ...

SF Texas All Lines Adjuster Pre Practice Exam Questions & Answers 2024/2025 Which regulatory body handles violations of related insurance issues only? - ANSWERSTexas Insurance Code (TIC) What license carries the minimum requirements to handle homeowner's claims? - ANSWERSProperty, Casualty & Surety 30% of the questions on the license exam are considered "Knowledge-based" questions. What are the remaining 70% considered? - ANSWERSApplication-based Most Workers' Compensation poli...

Texas All Lines Adjuster License Study Guide Exam Questions & Answers 2024 Staff Adjuster - ANSWERSAdjusters who work exclusively for an insurance company Independent adjuster - ANSWERSAn individual who is employed as an independent contractor to an adjusting / staffing company and handles claims for an insurance company Public adjuster - ANSWERSAdjusters that represent the insured by negotiating claims with the insurance company. Insurer - ANSWERSAny insurance company or self-insu...

Texas Adjusters License Q&A correct

Texas All Lines Adjuster 2023 QUESTIONS AND ANSWERS Insurance - CORRECT ANSWERS The transfer of risk. Insured - CORRECT ANSWERS 1ST party. Customer. Person covered by policy. Insurer - CORRECT ANSWERS 2ND party. Insurance company Adjuster - CORRECT ANSWERS Investigates/adjusts claims Licensing age requirement - CORRECT ANSWERS 18 NOT exempt for licensing - CORRECT ANSWERS MBA Expiration date o...

Texas Property & Casualty Adjusters Study Questions EXAM ALL QUESTIONS AND CORRECT DETAILED ANSWERS |ALREADY GRADED A+ (BRAND NEW!! What is the formula for figuring Actual Cash Value(ACV)? - CORRECT ANSWER Replacement cost minus depreciation equals ACV Define the appraisal process. When would the appraisal process be appropriate? - CORRECT ANSWER Used for value disputes. Each party selects an appraiser & umpire to make the decision. Which Personal Auto Policy coverage covers L...

Texas property and casualty adjusters license Q&A 100% solved

Mile High Adjusters - Texas All Lines Adjuster License Study Guide

Texas All-Line AdjusterStaff Adjuster - correct answer Adjusters who work exclusively for an insurance company Independent Adjuster - correct answer An individual who employs as an independent contactor to an adjusting and staffing company and handles claims for an insurance company Public Adjuster - correct answer Adjusters that represent the insured by negotiating claims with the insurance company Insurer - correct answer Any insurance company or self-insured. An organization or entit...