Texas auto insurance - Study guides, Class notes & Summaries

Texas All Lines Adjuster License Final Exam (The Adjuster School)Uninsured Motorist This type of Auto Coverage pays for your damages if you were involved in a hit-and-run: Uninsured Motorist Comprehensive Liability Collison Liability What is the responsibility to another for one's negligence? Hazard Liability Risk Negligence Deductible The amount the insured must pay in a loss before any payment is due is known as: Loss Ratio Deductible Premium Surcharge Conditions...

Texas All Lines Adjuster Test with Verified Answers Updated 2024 The insured has filed a claim under the "Business Income Department Properties - Broad Form" because the primary buyer of products and services from the business has filed for bankruptcy under this form the primary buyers business would be known as A recipient location recipient location Businesses who support insured by being the primary buyer for their products HO-3 (special form) covers the dwelling and other str...

Personal lines Property & Casualty Exam Questions and Answers 100% Pass Risk - Correct Answer ️️ -Chance or Uncertainty of a Loss Peril - Correct Answer ️️ -Possible cause of a loss 2 Years - Correct Answer ️️ -The Commissioner of insurance is appointed by the governor for a term of ______ ending on February 1 of each odd-numbered year? 5 Years - Correct Answer ️️ -The Commissioner of insurance MUST have ________ of experience in business or government. $50,000 - Correct ...

Texas Adjuster Exam If an automobile policy has split limits of 30/60/25. What is the maximum amount of liability coverage that would be paid in a covered loss where three people are involved. - ANSWER $30,000 Which of the following statements best describes an inland marine policy? - ANSWER Pertains to Cargo with no fixed location Alex is traveling through College Station...

All of the following pieces of information can be found in the conditions section of an insurance policy EXCEPT: Causes of loss that are not covered Which of the following best defines the principle of indemnity? After a loss, the insured should be restored to his approximate financial condition before the loss Brainpower Read More SureTrust Insurance was founded and operates in Texas. In Texas, Suretrust is considered a domestic insurer What is a reserve, in insuranc...

Texas Property and Casualty Insurance Exam Questions with 100% Correct Answers Which of the following factors concerning the Garage policy is incorrect? -Section 1 is used to list the covered autos with their appropriate symbol - section II is liability coverage - Garage Operations other than covered auto relates to the ownership, maintenance or use of covered autos - Garage operations- covered autos is a coverage available under section II liability Garage Operations other than covered au...

Texas All Lines Adjuster License CourseCommercial Auto Insurance - correct answer Commercial auto insurance contains two coverage's Liability and Physical Damage Others which are basic to business auto exposures and added by endorsement are Personal Injury Protection Medical Payments and Uninsured Motorists Liability Coverage Commercial Auto Insurance - correct answer For whatever have been selected to be " covered autos Commercial Auto Insurance protects those who are " insured's " from...

All of the following pieces of information can be found in the conditions section of an insurance policy EXCEPT: correct answers Causes of loss that are not covered Which of the following best defines the principle of indemnity? correct answers After a loss, the insured should be restored to his approximate financial condition before the loss SureTrust Insurance was founded and operates in Texas. In Texas, Suretrust is considered correct answers a domestic insurer What is a reserve, in ...

Texas All-Lines Adjuster course Final Exam [QUESTIONS AND CORRECT ANSWERS) VERIFIED ANSWERS 2024/2025 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. Which of the following is a TRUE statement concerning auto physical damage coverage under a Personal or Busi...

Texas Insurance License Exam Prep P&C || All Questions & Answers (Graded A+) Texas Insurance License Exam Prep P&C || All Questions & Answers (Graded A+) What are 3 subjects an auto policy covers? - ANSWER - 1. Body 2. The vehicle 3. Assets Bodily Injury Types - ANSWER - Personal Injury Med Pay Uninsured Motorist No Fault Insurance - ANSWER - State stipulates that parties cannot file a claim to the other persons insurance policy unless required in excess. Instead, each party is r...