Tx adjuster test with 1 - Study guides, Class notes & Summaries

ADJUSTER - Answer- an individual employed by a property/casualty insurer to evaluate losses and settle policyholder claims; independent adjusters are independent contractors who adjust claims for different insurance companies Types of adjuster licenses - Answer- 1. All-Lines 2. Public adjusters 3. Property and casualty 4. Surety 5. Worker's Compensation Texas License Requirements - Answer- 1. 18 yrs old 2. resident of TX, or a state that permit's a resident of Texas to act as an adj...

TX ADJUSTER TEST | 111 Questions with 100% Correct Answers 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. Correct Answer: While investigating a claim, you determine that the loss was caused by a defective mechanism in the dishwasher. You would attempt to_________________________? Appraisal Co...