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
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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...
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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...
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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 ...
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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 ...
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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...
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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 ...
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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...
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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...
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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...
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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...
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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 ...
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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...
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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 ...
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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...
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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...
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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...
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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...
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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...
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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 ...
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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...
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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...
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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...
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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...
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