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Texas All Lines Adjuster Laws & Regulation Review Quiz Questions And Answers
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Texas All Lines Adjuster Laws & Regulation Review Quiz Questions And Answers
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Texas All Lines Adjuster Laws &Regulation Review Quiz Questions And
Answers
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 .claim
s; .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 .pa
st .12 .months .the .applicant .has .completed .a .certified .adjuster .prelicensing .education .program .and .p
assed .the .state .examination. .- .correct .answers .✔✔ .-
B. .A .person .adjusting .workers .compensation .claims .is .not .exempt.
All .of .the .following .are .qualifications .of .applicants .for .an .adjuster .license .in .Texas .except: .A. .is .at .le
ast .25 .yrs. .of .age; .B. .resides .in .this .state .or .a .state .that .permits .a .resident .of .this .state .to .act .as .a
n .adjuster .in .that .state; .C. .is .trustworthy; .D. .has .passed .the .required .examination .or .presents .evide
nce .that .the .applicant .has .been .exempted .from .the .examination. .- .correct .answers .✔✔ .-
A. .Applicants .must .be .at .least .18 .yrs. .of .age.
An .emergency .adjuster .license .is .effective .for .a .period .not .to .exceed: .A. .180 .days .B. .120 .days; .C. .9
0 .days; .D. .60 .days. .- .correct .answers .✔✔ .-
C. .An .emergency .license .is .effective .for .a .period .not .to .exceed .90 .days. .The .commissioner .may .exte
nd .the .term .of .the .emergency .license .for .an .additional .period .of .90 .days.
A .licensed .adjuster .must .notify .the .commissioner .if .the .adjuster .changes .the .location .of .the .adjuste
r's .place .of .business: .A. .Within .10 .days; .B. .Within .20 .days; .C. .Within .30 .days; .D. .Notification .must .
be .made .promptly .- .correct .answers .✔✔ .-
D. .A .licensed .adjuster .shall .promptly .notify .the .commissioner .if .the .adjuster .changes .the .location .of
.the .adjuster's .place .of .business.
All .licensees .must .complete .________ .hours .of .continuing .education .within .each .reporting .period. .A
. .15; .B. .20; .C. .24; .D. .30 .- .correct .answers .✔✔ .-
D. .All .licensees .must .complete .30 .hours .of .continuing .education .within .each .reporting .period. .Howe
ver, .limited .lines .licensees, .those .selling .life .insurance .not .exceeding .
, $15,000 .and .county .mutual .agents .are .required .to .comlete .10 .hours .of .continuing .education .during
.each .reporting .period.
Which .one .of .the .following .is .not .an .example .of .an .unfair .claim .settlement .practice? .A. .Knowingly .
misrepresenting .pertinent .facts .to .claimants; .B. .Failing .to .acknowledge .communication .within .a .reas
onably .prompt .period; .C. .Failing .to .examine .a .claimant .under .oath; .D. .Not .attempting .in .good .faith .
to .promptly .settle .a .claim .when .liability .is .clear. .- .correct .answers .✔✔ .-
C. .The .right .to .examine .policyholders .under .oath, .in .the .case .of .questionable .claims .or .potential .fra
ud, .is .a .right .of .an .insurer .during .a .claim .investigation .and .is .part .of .the .contractural .agreement .be
tween .the .insurer .and .the .insured. .Failing .to .do .so .does .not .constitute .a .violation .of .the .state's .unf
air .claims .settlement .practices.
A .contract .that .provides .insurance .coverage .for .up .to .30 .days, .pending .the .issuance .of .the .perman
ent .policy, .is .called .a: .A. .binder; .B. .endorsement; .C. .lender; .D. .remedy .- .correct .answers .✔✔ .-
A. .A .binder .is .a .contract .that .provides .temporary .insurance .coverage .for .up .to .30 .days, .pending .the
.issuance .of .the .permanent .policy. .Lenders .must .accept .binders .issued .by .properly .appointed .and .lic
ensed .agents.
What .happens .when .a .married .couple .who .jointly .owns .residential .property .divorces .during .the .ter
m .of .their .homeowners .insurance .policy? .A. .Both .insureds .must .reapply .for .separate .insurance .on .t
he .property; .B. .The .owner's .must .decide .who .will .become .the .named .insured .and .transfer .ownersh
ip .of .the .insurance .policy .to .that .person; .C. .The .insurance .remains .in .effect, .and .the .interests .of .bo
th .owners .are .covered .as .long .as .the .policy .exists .or .as .long .as .the .policy .is .not .cancelled; .D. .The .i
nsurer .has .the .option .to .continue .the .policy .that .is .in .force .or .require .the .insureds .to .apply .for .ne
w .and .separate .policies. .- .correct .answers .✔✔ .-
C. .A .homeowners .or .fire .insurance .policy .issued .in .Texas .must .contain .a .provision .that .the .policy, .if
.issued .to .cover .community .property, .will .remain .in .full .force .and .effect .as .to .the .interest .of .each .s
pouse .irrespective .of .divorce .or .change .of .ownership .between .the .spouses. .The .spouses .or .former .
spouses .may .apply .for .separate .insurance, .but .the .law .does .not .require .them .to .do .so.
All .of .the .following .statements .regarding .arbitration .agreements .are .correct .except: .A. .the .agreeme
nt .must .be .in .writing .to .be .enforced; .B. .one .party .may .revoke .the .agreement .by .providing .the .fair .
value .for .the .disputed .loss; .C. .arbitration .agreement .clauses .must .be .included .in .all .property .and .ca
sualty .policies .in .Texas; .d. .the .agreement .must .exist .before .the .dispute .arises .for .arbitration .to .take
.place. .- .correct .answers .✔✔ .-
C. .Property .insurance .contracts .may .contain .a .clause .that .allows .the .insurer .and .insured .to .arbitrat
e .a .disagreement .about .the .amount .to .be .paid .for .a .claim .if .the .agreement .is .in .writing, .if .the .cont
roversy .exists .at .the .time .the .agreement .is .made .and .if .the .controversy .arises .between .the .parties .
after .the .date .of .the .agreement. .The .agreement .may .be .revoked .by .either .party .for .a .lawful .reason
.by .providing .the .fair .value .of .the .contract.
When .can .an .insurer .refuse .to .pay .a .claim .under .a .homeowner's .policy .because .the .policyowner .mi
srepresented .information .on .the .insurance .application? .A. .when .the .insurer .can .prove .that .the .misr
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