Texas Claims Adjuster Exam Questions With Certified Answers
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Texas Claims Adjuster
Institution
Texas Claims Adjuster
Texas Claims Adjuster Exam Questions With Certified Answers
3 parts of CPP - Answer-2 or more coverages
declarations page
condition section
/.A breach of Warranty - Answer-The failure of the insured to comply with one or more of the policy conditions
/.accident vs occurence - Answer-o...
3 parts of CPP - Answer-2 or more coverages
declarations page
condition section
/.A breach of Warranty - Answer-The failure of the insured to comply with one or more
of the policy conditions
/.accident vs occurence - Answer-occurence can be a repeated event
/.accounts receivable coverage - Answer-10k on premis, 5k off premis
/.agregate limit - Answer-total amount for all claims paid in the policy limit
/.amount for debris removal? - Answer-additional 5% of the limit
/.Appraisal Clause - Answer-allows either the insured or the insurance company to
demand a binding appraisal of the loss.
/.Appraisal Clause - Answer-The property insurance provision allows either the insured
or the insurance company to demand a binding appraisal.
/.assignment clause - Answer-if the property is sold, the policy may not be assigned to
the new owner except with the written consent of the insurance company
/.Basic Cause of Loss - Answer-Normal Peril form that specifies the perils insured
against.
/.Binder - Answer-A legal agreement that provides temporary evidence of insurance
coverage.
/.BoP businesses can not exceed - Answer-6,000,000 in sales or 35,000vsqft
/.BoP cov A - Answer-Buildings RCV
/.Bop Cov B - Answer-Personal Property RCV
/.Broad Cause of Loss Form - Answer-Named peril form and provides coverage for the
perils named in the basic form, but adds additional perils and names them on the form.
, /.Burglary - Answer-an offender entering a residential or commercial structure with the
intent to steal something.
/.Coinsurance clause - Answer-A provision in property insurance policies stating that the
insurance company and the insured will share in the loss incurred by the insured, based
on a fixed percentage of the value of the insured property.
/.collision coverage must be aquired within how many days to be on old policy? -
Answer-14
/.compensatory damages - Answer-money the plantiff recieves for economic losses
/.Conditions - Answer-describes the duties of both the insured and the insurer in the
case of loss
/.Contracts must contain these 4 elements - Answer-1. Capacity of Contract/Competent
Parties
2. Legal Purposes
3. Offer and Acceptance
4. Consideration
/.Contribution by Equal Shares - Answer-Each insurer pays an equal amount of the loss
until covered
/.Coverage for the fair rental value will be for? - Answer-The shortest time required
/.CPP Cov A - Answer-Building coverage
/.CPP Cov B - Answer-Business personal property owned by the insured
/.CPP Cov C - Answer-Personal Property of others
/.debris removal - Answer-25k 180 days
/.Dwelling: Coverage A - Answer-dwelling
/.Dwelling: Coverage B - Answer-Other Structures
/.Dwelling: Coverage C - Answer-Personal Property
/.Dwelling: Coverage D - Answer-Fair Rental Value
/.Dwelling: Coverage E - Answer-Additional living expenses
/.electronic data - Answer-2500
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