TEXAS ADJUSTER EXAM 2024-2025 ACTUAL
EXAM 100 QUESTIONS AND CORRECT DETAILED
ANSWERS (VERIFIED ANSWERS) |AGRADE
Terms in this set (488)
The Terrorism Risk It must involved a minimum of 12 terrorists
Insurance Act defined as a
violent act meetin all of
the following criteria
EXCEPT
- It must result in damage
within the United States or
on an air carrier, vessel, or
premises of a U.S. mission
- The minimum loss
caused by $5,000,000
- It must involved a
minimum of 12 terrorists
- It must be dangerous to
life, property, or
infrastructure as certified
by the US Secretary of
Treasury in consultation
with the Secretary of
Homeland Security and
the US Attorney General
,Mike, an insurance agent, Bald tires on the client's car
is meeting with his client,
and he is trying to explain
the difference between
perils and hazards that the
client faces. Which of the
following would be an
example of physical
hazards:
- Flood Damage caused
by heavy rains
- Bald Tires on client's car
- A tornado that damages
the client's home
- Fire that could damage
the client's home
An insured who wants to Occupy the dwelling and purchase the personal
add personal liability and liability endorsement
medical payments
coverage to a dwelling
policy must
- Pay an extra premium to
add extended coverage
to the policy
- Cancel the dwelling
policy and purchase a
homeowners policy
- Purchase the DP-3
- Occupy the dwelling and
purchase the personal
liability endorsement
,The jeweler's block Inventory being worn by an employee of the jewelry
coverage policy is used to store to spark customers' interest
insure all of the following
EXCEPT
- Inventory sold, but not
yet delivered to the
customer
- Inventory in jewelry store
showcase
- Inventory being worn by
an employee of the
jewelry store to spark
customers' interest
- Customers' jewelry or
watches being cleaned or
repaired
All of the following are Duty Accepted
elements of negligence
EXCEPT
- Actual Loss
- Proximate cause
- Duty Accepted
- Duty Breached
Depreciation is a decrease Refinishing
in value of property as a
result of all the following
EXCEPT
- Obsolescence
- Refinishing
- Wear and tear
- Age
, All insurance contracts The promise to pay for any covered loss.
require that an exchange
of value take place
between the insured and
insurer. The value added
by the insured is the
premium paid. The value
added by the insurer is:
- Found in the
declarations page
- Found in the conditions
section
- To cover all losses
- The promise to pay for
any covered loss.
Actual cash value is Replacement cost - depreciation
determined by which of
the following formulas?
- Replacement cost +
depreciation
- Replacement cost - total
value
- Replacement cost + total
value
- Replacement cost -
depreciation
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