Exam (elaborations)
The Texas Insurance Adjuster Exam Questions and Complete Solutions Graded A+
- Course
- Institution
The Texas Insurance Adjuster Exam Questions and Complete Solutions Graded A+
[Show more]
Content preview
The Texas InsuranceAdjuster Exam Questions
and Complete Solutions
Graded A+
Denning [Date] [Course title]
, Insurance Adjuster - Answer: Any person who, as an independent contractor, or as an employee of an
independent contractor, adjustment bureau, association, insurance company or corporation, local
recording agent, managing general agent, or self-insured, investigates or adjusts losses on behalf of
either an insurer or a self insured, or any person who supervises the handling of claims.
Types of adjusters (Five) - Answer: staff adjusters, independent adjusters, contractors, public adjusters,
temporary/emergency licenses
Staff Adjusters - Answer: on the payroll of an insurance company and are paid a salary or the the hour
independent adjusters - Answer: usually handle claims for more than one company and receive a fee
based on time and expense. May be on the payroll of an independent adjusting firm and receive an
annual salary. Some are paid a percentage of the loss, and others are paid a per diem.
Contractors - Answer: may work for a company that furnishes adjusters for the handling of catastrophic
losses. Paid the same as independents.
Public Adjusters - Answer: work on the behalf of the insured in negotiating a claim settlement. Requires
another license.
Temporary/Emergency licenses - Answer: the Department allows temporary licenses for the purposes
of training and in cases of emergencies.
-catastrophe
-five-day notice, for training: firm or person requesting the emergency or temporary license is
responsible for the actions of the licensee.
Line of business adjuster licenses (Three) - Answer: adjuster-workers' compensation, Adjuster-property
and causality, Adjuster- all lines
Adjuster-workers' compensation - Answer: allows a person to adjust and/or supervise all workers'
compensation, employers liability, US Longshore and Harbor Workers' Compensation Act, Jones Act, and
all other federal acts.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller YourExamplug. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $13.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
76799 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now