Texas All Lines Adjuster Test

TX GENERAL LINES LIFE, ACCIDENT AND HEALTH EXAM PREP

Subrogate Subrogation is the right for an insurer to legally pursue a third party that caused an insurance loss to the insured. This is done as a means of recovering the amount of the claim paid by the insurance carrier to the insured for the loss. - correct answer-While investigating a claim, yo...

Texas State Exam Simulator - Life and Health Insurance (200 questions and verified answers Practice Exam)

Study Guide Ins TX - LAH05 - General Lines - Life, Accident, and Health What type of reinsurance contract involves two companies automatically sharing their risk exposure? - correct answer-Treaty The stated amount or percent of liquid assets that an insurer must have on hand that will satisfy fu...

LIFE SECTION 1 - correct answer-LIFE SECTION 1 1) Sandra Timms, age 27, is advised by her producer to purchase Life insurance to cover a 20-year-amortized $50,000 business-improvement loan. Which of the following plans would adequately protect Ms. Timms at the minimum premium outlay? - correct an...

A severe thunderstorm damaged a policyholder's residence. He called and asked how long it would be before he received payment for his claim. Which of the following would NOT be an appropriate response? - correct answer-We have 6 months to reach a final settlement with you. Janelle has just grad...

Accumulated Depreciation - correct answer-The total decrease in an item's value over a period of time. Formula: (Annual Depreciation x Number of years used) Acreage Reporting Date - correct answer-The deadline for providing the insurer with an acreage report, which is used to determine the amoun...

All of the following are criteria for an accident to have occurred "in the course of" the employment under a workers' compensation policy, EXCEPT: - correct answer-While performing a task that a fellow worker requested, that was unusual to the employee's job description, but occurred on the e...

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-Pertain...

Accumulated Depreciation - correct answer-The total decrease in an item's value over a period of time. Formula: (Annual Depreciation x Number of years used) Acreage Reporting Date - correct answer-The deadline for providing the insurer with an acreage report, which is used to determine the amoun...

All Lines Adjuster Exam The insured has filed a claim under the "Business Income Department Properties - Broad Form" because the primary buyer of products and services from the business has filed for bankruptcy under this form the primary buyers business would be known as - correct answer-A re...