NEW!!!Texas All Lines Adjuster Study guides, Class notes & Summaries

NEW!!!Texas All Lines Adjuster Test with Verified Answers

NEW!!!Texas All Lines Adjuster Test with Verified AnswersAccumulated 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 charged for a particular crop. Actual Cash Value (ACV) - Answer- A valuation method used by insurers to reflect an it...

NEW!!!Texas All Lines Adjuster Test with Verified Answers Adjuster - Emergency - Answer- Adjusters who are temporarily licensed by the insurance commissioner to handle claims during catastrophes or emergencies that produce an overwhelming number of claims in a short period of time. Adjuster - Independent - Answer- Self-employed adjusters who contract with multiple insurers at the same time. Paid on a commission or fee-plus-expenses basis for each claim. Also called: Fee Adjuster, Bureau Adj...