Texas All Lines Adjuster Laws & Regulation Review Questions And Answers.
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Texas All Lines Adjuster Laws & Regulation
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Texas All Lines Adjuster Laws & Regulation
Texas All Lines Adjuster Laws & Regulation Review 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 claims; C. Those perso...
Texas All Lines Adjuster Laws & Regulation
Review 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 claims; 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 past 12 months the applicant has completed a
certified adjuster prelicensing education program and passed the state examination. -
correct answer. 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 least 25 yrs. of age; B. resides in this state or a state that permits a
resident of this state to act as an adjuster in that state; C. is trustworthy; D. has passed
the required examination or presents evidence that the applicant has been exempted
from the examination. - correct answer. 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. 90 days; D. 60 days. - correct answer. C. An emergency license is
effective for a period not to exceed 90 days. The commissioner may extend 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 adjuster's place of business: A. Within 10 days; B. Within 20 days; C. Within 30
days; D. Notification must be made promptly - correct answer. 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 answer. D. All licensees must
complete 30 hours of continuing education within each reporting period. However,
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 reasonably 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 answer. C. The right to examine policyholders under oath, in the case
of questionable claims or potential fraud, is a right of an insurer during a claim
investigation and is part of the contractural agreement between the insurer and the
insured. Failing to do so does not constitute a violation of the state's unfair claims
settlement practices.
A contract that provides insurance coverage for up to 30 days, pending the issuance of
the permanent policy, is called a: A. binder; B. endorsement; C. lender; D. remedy -
correct answer. 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 licensed agents.
What happens when a married couple who jointly owns residential property divorces
during the term of their homeowners insurance policy? A. Both insureds must reapply
for separate insurance on the property; B. The owner's must decide who will become
the named insured and transfer ownership of the insurance policy to that person; C. The
insurance remains in effect, and the interests of both owners are covered as long as the
policy exists or as long as the policy is not cancelled; D. The insurer has the option to
continue the policy that is in force or require the insureds to apply for new and separate
policies. - correct answer. 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 spouse 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 agreement 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 casualty policies in Texas; d. the
agreement must exist before the dispute arises for arbitration to take place. - correct
answer. C. Property insurance contracts may contain a clause that allows the insurer
and insured to arbitrate a disagreement about the amount to be paid for a claim if the
agreement is in writing, if the controversy 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 misrepresented information on the insurance application? A. when the
insurer can prove that the misrepresentation led to an event that caused the policy to
pay; B. When the insured refuses to submit a new application; C. When the claim was
submitted within the first six months that the policy was in effect; D. When the insured
can prove that the misrepresentation was made with the knowledge of the insurer's
agent. - correct answer. A. No insurer may use the fact that a policyholder has given
false or untrue information on an insurance application as a reason to cancel the policy
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