Texas claims license - Study guides, Class notes & Summaries

Texas All Lines Adjuster Review Exam Questions & Answers 2024/2025 All of the following are exempted from the requirement of an adjuster's license examination except: A. Those persons holding CPCU designation; B. those persons adjusting workers compensation claims; C. Those persons who have received the Associate in Claims (AIC) designation; D. Those persons who have a certificate of completion showing that within the past 12 months the applicant has completed a certified adjuster prelicen...

Texas All Lines Adjuster 2024 License Test – With Questions & Answers (Rated A+) Texas All Lines Adjuster 2024 License Test – With Questions & Answers (Rated A+) Accumulated Depreciation - ANSWER - The total decrease in an item's value over a period of time. Formula: (Annual Depreciation x Number of years used) Acreage Reporting Date - ANSWER - The deadline for providing the insurer with an acreage report, which is used to determine the amount of coverage needed and the premium charg...

Group 1 Exam Questions and answers latest update Which of the following is not a duty of the Commissioner? A Issue an insurance license for a producer B Make state insurance laws C Handle insurance-related consumer complaints D Enforce state insurance laws B The Commissioner may examine the records of an insurance company for the purpose of: A Approving coverages B Approving claims C Setting rates D Determining solvency D The Commissioner is authorize...

Group 1 Exam Questions and answers latest update Which of the following is not a duty of the Commissioner? A Issue an insurance license for a producer B Make state insurance laws C Handle insurance-related consumer complaints D Enforce state insurance laws B The Commissioner may examine the records of an insurance company for the purpose of: A Approving coverages B Approving claims C Setting rates D Determining solvency D The Commissioner is authorize...

Texas Real Estate State Exam Questions and Answers 100% Pass When was TREC created? 1947 TREC has the authority to.. make rules and regulations. It's rules and laws govern license holders TREC has how many commission members? 9 members, 3 represent the general public and 6 are real estate brokers TREC has the power to.. subpoena books, records, and witnesses and issue and revoke real estate licenses If your license is revoked by TREC... You can appeal the decision to the district court Who...

Texas Property & Casualty License Exam 2024 Questions with 100% Correct Answers Property vs Casualty: What is considered property? Structure & Personal Property Property vs Casualty: What is considered casualty? Non-property losses. Legal liability to others. 3rd Party Risk uncertainty of financial loss Pure Risk Chance of Loss Speculative Risk Chance of Loss or Gain (Gamble) Insurance (covers which type of risk?) Pure Risk Only How does the law of large num...

Insurance adjuster correct answers Any person who, as an independent contractor, or as an employee of an independent contractor, adjustment bureau, association, insurance company or corporation, local recording agent, managing general agent, or self-insured, investigates or adjusts losses on behalf of either an insurer or a self insured, or any person who supervises the handling of claims. Staff Adjusters correct answers On the payroll of an insurance company and are paid a salary or by hour ...

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...

Which regulatory body handles violations of related insurance issues only? correct answersTexas Insurance Code (TIC) What license carries the minimum requirements to handle homeowner's claims? correct answersProperty, Casualty & Surety 30% of the questions on the license exam are considered "Knowledge-based" questions. What are the remaining 70% considered? correct answersApplication-based Most Workers' Compensation policies have what type of policy limit? correct answersNone Whi...

Texas Principles of Real Estate Express Exam Questions & Answers Updated Latest. What kind of professionals manage the legal aspects of a development project? Real Estate attorneys, title companies, surveyors, property insurance companies and government regulatory officials What types of professionals are involved in the transfer of rights and interest in Real Estate? Titles companies, Real Estate Brokers/ Sales Persons, Mortgage Brokers, Mortgage Bankers, Appraisers, Insurers Property...