TEXAS ALL LINES ADJUSTER EXAM 2023 2024 LATEST UPD
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TEXAS ALL LINES
ADJUSTER EXAM
BRAND NEW!! 2023-
2024 (200+
QUESTIONS AND
CORRECT ANSWERS)
VERIFIED
,What is the failure to use that degree of care which n ordinary person
of reasonable prudence would use under similar circumstances? -
CORRECT Negligence
What is a situation involving a person other than an insured? - CORRECT
Third Party Loss
What is the responsibility to another for one's negligence? - CORRECT
Liability
Mary has a homeowner's policy. Her Coverage A limit of liability is
$250,000 and her Coverage B limit of liability is $125,000. Her policy
has a 2% deductible. What is her deductible? - CORRECT $5,000
,The part of the insurance policy that details the rights and duties of the
insured and the insurance company in the policy? - CORRECT
Conditions
What is a partial legal defense that reduces the amount of damages
that a person can recover based upon the amount that this person's
own negligence contributed to the loss? - CORRECT Comparative
Negligence
Value of property based on the current cost to replace it minus
depreciation? - CORRECT Actual Cash Vale
This type of Auto Coverage pays for your damages if you were involved
in a hit and run: - CORRECT Uninsured Motorist
What is the cost associated with replacing property at current market
prices? - CORRECT Replacement Cost
, The process when an insurer and insured have a dispute regarding the
amount of the damage: - CORRECT Appraisal
The intentional misrepresentation of a material fact that may void a
contract? - CORRECT Fraud
What is the type of negotiation that is also sometimes called positional
or hard-bargaining? - CORRECT Distributive
An event that results in an insured loss and damages? - CORRECT
Occurrence
What is the period a policy is in force, from the beginning or effective
date? - CORRECT Policy Period
The amount the insured must pay in a loss before any payment is due? -
CORRECT Deductible
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