Texas (Texas)

1. What type of reinsurance contract involves two companies automatically sharing their risk exposure?: Treaty 2. The stated amount or percent of liquid assets that an insurer must have on hand that will satisfy future obligations to its policyholders is called: reserves 3. When third-party ownership is involved, applicants who also happen to be the stated primary beneficiary are required to have: insurable interest 4. Statements made on an insurance application that are believed to be true to t...

Texas Promulgated Contracts-CHAMPIONS COMPLETE TEST 2023/2024 1. The elements of a valid contract are, competent parties, consideration, legal subject matter, in writing, and ___________. (a) Default (b) Mutual consent (c) Property condition (d) Recording B 2. A(n) __________________ contract is defined as a contract that is binding on the parties, with one or more of the parties having contractual duties that have not yet been performed. (a) Executory (b) Executed (c) Bilateral (d) Void A 3. In...

TEXAS MANICURE LICENSE EXAM PSI STUDY TEST 2023/2024 GRADED A+ BEST FOR REVISION !! 2 / 43 1. White spots on the nails are known as: Leukonychia 2. Tuberculosis can be transmitted through: Coughing 3. What is an efficacy claim?: A list ofspecific germs on a product label, which has been proven to kill 4. Which of the following bacteria that growsin clusterslike a bunch of grapes, cause abscess, pustules, and boils?: Staphylococci/staphylococcus 5. Lifting,stretching, or squeezing movement: Petri...

TEXAS MANICURE LICENSE EXAM PSI STUDY TEST 2023/2024 GRADED A+ BEST FOR REVISION !! 2 / 43 1. White spots on the nails are known as: Leukonychia 2. Tuberculosis can be transmitted through: Coughing 3. What is an efficacy claim?: A list ofspecific germs on a product label, which has been proven to kill 4. Which of the following bacteria that growsin clusterslike a bunch of grapes, cause abscess, pustules, and boils?: Staphylococci/staphylococcus 5. Lifting,stretching, or squeezing movem...

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 ANS $30,000 Which of the following statements best describes an inland marine policy? - CORRECT ANS 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 ...

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 ANS While investigating a claim, you determine that the loss was caused by a defective mechanism in the dishwasher. You would attempt to_________________________? Appraisal - CORRECT ANS What is the process when an insurer and an insur...

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 employer's premises during working hours. Which of the following statements is NOT TRUE regarding the implied warranties of an Ocean Marine policy? - CORRECT ANSWER The implied warranties are atta...

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...

Accumulated Depreciation - CORRECT ANS 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 ANS The deadline for providing the insurer with an acreage report, which is used to determine the amount of coverage needed and the premium charged for a particular crop. Actual Cash Value (ACV) - CORRECT ANS A valuation method used by insurers to reflect an item's current market value right before being...

Keratin - CORRECT ANSWER Hair and nails are chiefly composed of a horny substance called? Quo vidas - CORRECT ANSWER An even and smooth brush out cut over the entire head is called? Emery board - CORRECT ANSWER Which of the following is an implement? Brush the hair - CORRECT ANSWER What should be done after draping the client? Every two years - CORRECT ANSWER How often must a barber, manicurist or barber technician license be renewed? Pay a 75 dollar exam fee, pass both written and prac...