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TEXAS ALL LINES ADJUSTER EXAM (Version 5) (Comprehensive Document for Exam Preparation)
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TEXAS ALL LINES ADJUSTER EXAM (Version 5) (Comprehensive Document for Exam Preparation)
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TEXAS ALL LINES ADJUSTER EXAM(150 Q&A)
1. 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?
John must be found legally liable for the incident
2. Meredith was attending this Christmas party that was held at the
Riverstone country club. While walking to the restroom she tripped
and fell on one of the steps that was broken. The broken step had
been covered up by a new rug. Meredith status in this situation is
that of a?
Invitee
3. 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?
8 days
4. 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?
25,000
5. Texas Spring Company produced 100 defective springs last
month. What type of claim can be brought against them in this
situation?
,Product Liability
6. Steve's Worker's compensation claim has been rejected. Steve
reported his claim 43 days after the incident occurred. What is a
possible reason why?
He did not report his injury to his employer within 30 days
7. Which of the following statements is true?:
Bullion/ Valuable papers is limited to $500 for all cause of loss
8. Jason was involved in a serious accident after his braking system
on his
brand new car failed to function properly while he was driving on
the highway.
The manufacturer for his car has had several complaints regarding
this faulty
braking system. What type of claim should Jason file against the
manufacture
of his vehicle.:
Product Liability
9. Your policyholder submitted a claim or fire damage to his
structure that
was caused by fire. The origin of the fire was caused by a defective
wiring
harness in the electrical system of his stove. After you process and
pay the
claim, you will need to notify the manufacturer of his stove of your
intent to
,________ against them for the damages the were caused by their
defective
product?:
Mediate
10. You make initial contact with your insured. During this
conversation, you
should:
Obtain the loss facts and set an appointment to inspect the damages
11. What are the types of adjuster licenses approved for issuance in
Texas?: All Lines, Property, Property and Casualty, Surety, Workers
Compensation
12. You are handling a flood claim in Houston, Texas. Your
Policyholder has a
flood policy on his home. The replacement cost of his dwelling is
$230,000. The
flood related damages to the dwelling are valued at $220,000. The
replacement
cost of the damaged contents on his claim is $85,000. The actual
cash value of
the damaged contents is $63,000. How much will you pay him for his
damaged
contents? Do not consider a deductible.: $63,000
13. Replacement cost less depreciation best defines: Actual Cash
Value
, 14. John has a homeowners policy with he following coverage's
(Coverage A-
$90,000, Coverage B- $50,000: Clause 1 deductible 1%, Clause 2
deductible -
$1,000). His Cloth awning was damaged during the fire. His cloth
awning is
valued at $4,000. How much are you going to pay on his claim?:
$3,500
15. Joseph Ross owns a 2014 Toyota Avalon. While at the mall
shopping
someone hits his car and left a big dent on the right side of his car.
He does
not know who hit his car and there were no witnesses to this
accident. What
type of insurance protection does he need to protect him from
financial loss
in this situation?: Uninsured Motorist
16. In the course of making repairs to a rental house, a fire break
out. The landlord's
Texas dwelling policy for the building would cover all of the
following
EXCEPT: The tenant's damaged personal Property
17. Mark Johnson is a licensed Public Adjuster in the state of Texas.
Why does
Mark need to purchase an adjuster bond?: The requirement of bonds is
for the
public interest to guarantee that the laws ordinances and regulations relating
to
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