Texas Adjuster Exam Questions And Answers 100% Verified.
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Texas Adjuster
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Texas Adjuster
Texas Adjuster Exam Questions And Answers 100% Verified.
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 answer. $30,000
Which of the following sta...
Texas Adjuster Exam Questions And
Answers 100% Verified.
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 answer. $30,000
Which of the following statements best describes an inland marine policy? - correct
answer. Pertains to Cargo with no fixed location
Alex is traveling through College Station and hits a deer, and the damages are $1500.
He has comprehensive coverage with a $500 deductible. What will you pay? - correct
answer. $1000
This department is responsible for making rates and determines the rates charged by
the insurer - correct answer. Actuarial department
Johnny has 30/60/25 limits on his auto policy, and he negligently ran into a parked car
driven by Steve Garcia. What is the maximum amount of coverage that can be provided
for the damage to Steve's car? - correct answer. 25,000
Your customer has HO-B homeowners policy with a Coverage A limit os $300,000. His
mortgage payment is $1,400 per month. He can't stay in his home for 1 month due to a
claim that was caused by smoke. He is staying in a local hotel for 1 month. The cost of
the hotel is $900 for the moth. How much will you pay your policyholder for Additional
Living Expenses - correct answer. $900
Insurance for ocean vessels is the ______ type of insurance? - correct answer. oldest
Your insured has a homeowners policy with a Coverage A limit of $50,000, His
coverage B limit is $20,000. His deductible is 1%. He has 30 trees that are damaged
during the fire. How much are you going to pay on his claim? - correct answer. 2500
, If you have a covered loss, in excess of a limit, you can apply that excess towards the
deductible. This best describes? - correct answer. Absorbing the deductible
What type of contract exists when the insurance policy is valid even though there is an
unequal exchange? - correct answer. Aleatory Contract
What is the intentional or unintentional impression by the insurance company that a
certain fact exists when it does not? - correct answer. Estoppel
An event that results in an insured loss / damages. - correct answer. Occurrence
Joseph ross owns a 2014 Toyota Avalon. while at the mall shopping, someone hit his
car and left a big dent on the right side of his car. He does not know who hit his car, and
there are no witnesses to this accident. What type of insurance protection does he need
to protect him from financial loss in this situation - correct answer. Comprehensive
Morris has a Texas Dwelling policy on his property. His property burns down in a fire.
He claims that he has also sustained a financial loss because he is not able to rent the
property to his tenants. What can you tell him? - correct answer. He has coverage for
loss of fair Rental Value
Method of dispute resolution that occurs when there is a dispute regarding whether or
not something is covered under the policy - correct answer. Arbitration
A customer claims he tripped on a stair in John's Art Gallery and broke his leg. The only
way the customer will have a successful claim against John's insurance is? - correct
answer. John must be found legally liable for the incident
Janet thompson works for universal insurance company of Texas. She is involved in a
work related accident in the supply room. She immediately notifies her supervisor about
the accident. Universal insurance company must report the injuries within how many
days of being notified of the injury? - correct answer. 8 days
Provisions in an insurance policy that indicates what is not covered? - correct answer.
Exclusions
As a public administrator you want to get insurance for your county's bridges and
tunnels. What kind of policy would you look for? - correct answer. Inland Marine
Lewis has a Texas dwelling policy on his property in Lewisville Texas. His tenant called
him to tell him that the property was broke into and all of his contents were stolen. Lewis
files a claim for his tenant's stolen contents. What do you tell Lewis about his claim? -
correct answer. The contents are covered up to 10% of the Coverage B limit of
liability.
Is the size of a loss, the extent of damages - correct answer. Severity
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