SF: Texas All Lines Adjuster; Pre-licensing Practice Exam 2023/2024 with 100% correct answers TX ADJUSTER TEST EXAM 2023/2024 WITH 100% CORRECT ANSWERS
[Show more]
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 answersWhile investigating a claim, you det...
Preview 2 out of 12 pages
Add to cartSubrogate 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 answersWhile investigating a claim, you det...
Accumulated Depresciation correct answersThe total decrease in an item's value over a period of time. Formula: (Annual Depreciation x Number of years used) Actual Cash Value (ACV) correct answersAn item's current market value right before being damaged or destroyed. Formula: (Replacement Cos...
Preview 3 out of 23 pages
Add to cartAccumulated Depresciation correct answersThe total decrease in an item's value over a period of time. Formula: (Annual Depreciation x Number of years used) Actual Cash Value (ACV) correct answersAn item's current market value right before being damaged or destroyed. Formula: (Replacement Cos...
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. correct answers$30,000 Which of the following statements best describes an inland marine policy? correct answersPertains to ...
Preview 2 out of 11 pages
Add to cartIf 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. correct answers$30,000 Which of the following statements best describes an inland marine policy? correct answersPertains to ...
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 ...
Preview 3 out of 26 pages
Add to cartWhich 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 ...
In order to become a licensed Insurance Adjuster in the state of TX, an individual must be_______________ yrs old. correct answers18 The Texas All Lines Adjuster License can only be held by residents of TX? T or F correct answersFalse List type of Insurance Adjuster Licenses available in Texas...
Preview 2 out of 12 pages
Add to cartIn order to become a licensed Insurance Adjuster in the state of TX, an individual must be_______________ yrs old. correct answers18 The Texas All Lines Adjuster License can only be held by residents of TX? T or F correct answersFalse List type of Insurance Adjuster Licenses available in Texas...
Contributory Negligence correct answersdefense against negligence that if an individual contributes to his or her own loss in any way, then another cannot be held liable. Neither party can collect damages Comparative Negligence correct answersallows an injured party to collect from another party ...
Preview 2 out of 8 pages
Add to cartContributory Negligence correct answersdefense against negligence that if an individual contributes to his or her own loss in any way, then another cannot be held liable. Neither party can collect damages Comparative Negligence correct answersallows an injured party to collect from another party ...
Law of Large Numbers correct answersthe more examples used to develop any statistic, the more reliable the statistic will be Underwriting correct answersThe process and insurance company uses to decide whether to except or reject an application for a policy insurance. underwriters evaluate the ri...
Preview 2 out of 13 pages
Add to cartLaw of Large Numbers correct answersthe more examples used to develop any statistic, the more reliable the statistic will be Underwriting correct answersThe process and insurance company uses to decide whether to except or reject an application for a policy insurance. underwriters evaluate the ri...
Insurance History and Regulation: Insurance Coverage by contract whereby one party undertakes to indemnity (hold harmless) or guarantee another against loss by a specified contingency or peril. Insurance History and Regulation: NAIC An organization whose purpose is to organize the regulator...
Preview 4 out of 41 pages
Add to cartInsurance History and Regulation: Insurance Coverage by contract whereby one party undertakes to indemnity (hold harmless) or guarantee another against loss by a specified contingency or peril. Insurance History and Regulation: NAIC An organization whose purpose is to organize the regulator...
Accident correct answersSudden, unexpected events that cause property damage or bodily injury. Actual Damages correct answersDamages that have a specified cost to repair them Actual Total Loss correct answersComplete destruction of insured property, so that nothing of value remains. ACV (Ac...
Preview 2 out of 10 pages
Add to cartAccident correct answersSudden, unexpected events that cause property damage or bodily injury. Actual Damages correct answersDamages that have a specified cost to repair them Actual Total Loss correct answersComplete destruction of insured property, so that nothing of value remains. ACV (Ac...
Adjuster correct answersany 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 a...
Preview 1 out of 2 pages
Add to cartAdjuster correct answersany 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 a...
What is the minimum liability coverage for bodily injury correct answers$30,000 per person and $60,000 per accident. What is the limit on property damage per auto accident correct answers$25,000 What is 30/60/25 correct answersThe current minimum limits of liability coverage for bodily injury ...
Preview 1 out of 2 pages
Add to cartWhat is the minimum liability coverage for bodily injury correct answers$30,000 per person and $60,000 per accident. What is the limit on property damage per auto accident correct answers$25,000 What is 30/60/25 correct answersThe current minimum limits of liability coverage for bodily injury ...
Texas Department of Insurance correct answersGoverning body regulating insurance companies and personnel. Commissioner correct answersThe head of the state department of insurance. 2 years correct answersLength of appointment for insurance commissioner. Line correct answersThe type of insur...
Preview 1 out of 4 pages
Add to cartTexas Department of Insurance correct answersGoverning body regulating insurance companies and personnel. Commissioner correct answersThe head of the state department of insurance. 2 years correct answersLength of appointment for insurance commissioner. Line correct answersThe type of insur...
Hull Insurance correct answersInsurance that covers physical damage to vessels, including their machinery and fuel but not their cargo. Cargo Insurance correct answerscovers the shipper of the goods if the goods are damaged or lost Marine Insurance correct answersA form of insurance primarily ...
Preview 1 out of 2 pages
Add to cartHull Insurance correct answersInsurance that covers physical damage to vessels, including their machinery and fuel but not their cargo. Cargo Insurance correct answerscovers the shipper of the goods if the goods are damaged or lost Marine Insurance correct answersA form of insurance primarily ...
This type of Auto coverage pays for your damages if you were involved in a hit and run: Uninsured Motorist Comprehensive Liability Collision correct answersUninsured Motorist What is the responsibility to another for one's negligence: Hazard Liability Risk Negligence correct answersLiabi...
Preview 1 out of 4 pages
Add to cartThis type of Auto coverage pays for your damages if you were involved in a hit and run: Uninsured Motorist Comprehensive Liability Collision correct answersUninsured Motorist What is the responsibility to another for one's negligence: Hazard Liability Risk Negligence correct answersLiabi...
Risk correct answersUncertainty Types of risk correct answersPure vs speculative Pure not insured Peril correct answersCause of loss- open vs named Hazard correct answersTypes- physical , moral , morale Indemnity correct answersNo gain Subrogation correct answersInsurance sues at fa...
Preview 2 out of 14 pages
Add to cartRisk correct answersUncertainty Types of risk correct answersPure vs speculative Pure not insured Peril correct answersCause of loss- open vs named Hazard correct answersTypes- physical , moral , morale Indemnity correct answersNo gain Subrogation correct answersInsurance sues at fa...
Insurance correct answersFinancial tool that protects individuals and organizations from unforeseen and extraordinary financial losses by transferring risk to another party *insurance transfer risk from one party to another* How do insurance contracts work? correct answersInsured pays a premiu...
Preview 1 out of 4 pages
Add to cartInsurance correct answersFinancial tool that protects individuals and organizations from unforeseen and extraordinary financial losses by transferring risk to another party *insurance transfer risk from one party to another* How do insurance contracts work? correct answersInsured pays a premiu...
All of the following are criteria for an accident to have occurred "in the course of" the employment under a workers' compensation policy, EXCEPT: correct answersWhile performing a task that a fellow worker requested, that was unusual to the employee's job description, but occurred on the employ...
Preview 4 out of 43 pages
Add to cartAll of the following are criteria for an accident to have occurred "in the course of" the employment under a workers' compensation policy, EXCEPT: correct answersWhile performing a task that a fellow worker requested, that was unusual to the employee's job description, but occurred on the employ...
Accumulated Depreciation correct answersThe total decrease in an item's value over a period of time. Formula: (Annual Depreciation x Number of years used) Acreage Reporting Date correct answersThe deadline for providing the insurer with an acreage report, which is used to determine the amount of...
Preview 3 out of 28 pages
Add to cartAccumulated Depreciation correct answersThe total decrease in an item's value over a period of time. Formula: (Annual Depreciation x Number of years used) Acreage Reporting Date correct answersThe deadline for providing the insurer with an acreage report, which is used to determine the amount of...
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 correct answersA recipient location recipient ...
Preview 3 out of 19 pages
Add to cartThe 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 correct answersA recipient location recipient ...
insurance correct answersfinancial took that protects individual and organizations from unforeseen and extraordinary financial losses by transferring risk to another party insured correct answersindividual or organization that pays premiums in exchange for protection insurer correct answerscom...
Preview 4 out of 38 pages
Add to cartinsurance correct answersfinancial took that protects individual and organizations from unforeseen and extraordinary financial losses by transferring risk to another party insured correct answersindividual or organization that pays premiums in exchange for protection insurer correct answerscom...
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 h...
Preview 2 out of 10 pages
Add to cartAll 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 h...
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? We have 6 months to reach a final settlement with you. Janelle has just graduated college...
Preview 4 out of 31 pages
Add to cartA 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? We have 6 months to reach a final settlement with you. Janelle has just graduated college...
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Stuvia is a marketplace, so you are not buying this document from us, but from seller QUILLSKY. Stuvia facilitates payment to the seller.
No, you only buy these notes for $34.49. You're not tied to anything after your purchase.
4.6 stars on Google & Trustpilot (+1000 reviews)
94547 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now
