Texas auto insurance exam - Study guides, Class notes & Summaries

Texas Auto Insurance Exam Complete Questions and Answers Graded A+ An example of a direct cause would be? - ANSWER Water Damage as a result of fire fighters putting out a fire. This can be found on a schedule part of an insurance agreement. - ANSWER name of the insured , location of property , and premium and effective date of coverage An insurance agency that conducts business in its home state is called? - ANSWER Domestic Business

All Lines Texas Adjuster Exam Questions & Answers Study Guide express authority, law of urgency, Dual capacity claims, personal auto policy, Personal Umbrella policy, Arbitration (ADR), Mediation, Building and Personal Property Coverage Form, Foreseeability Test, ACV (Actual Cash Value), Bid bonds/surety bonds, Commercial Building & Personal Property coverage form, Commercial Inland Marine policy, mutual insurance company, NAIC Model Unfair Claim Settlement Practices Act, Garage Coverage Form...

Texas Insurance License Exam Prep P&C Questions with 100% Correct Answers What are 3 subjects an auto policy covers? 1. Body 2. The vehicle 3. Assets Bodily Injury Types Personal Injury Med Pay Uninsured Motorist No Fault Insurance State stipulates that parties cannot file a claim to the other persons insurance policy unless required in excess. Instead, each party is required to file a primary claim against their own insurance regardless who is at fault. EX. Florida Finan...

Texas All-Lines Adjuster course Final Exam [QUESTIONS AND CORRECT ANSWERS) VERIFIED ANSWERS 2024/2025 A severe thunderstorm damaged a policyholder's residence. He called and asked how long it would be before he receives 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. Which of the following is a TRUE statement concerning auto physical damage coverage under a Personal or Busi...

Texas All Lines Adjuster exam Adjusting Test Questions and Answers 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? - ANSWERJohn must be found legally liable for the incident 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 st...

Texas Property and Casualty Insurance Exam Questions with 100% Correct Answers The list of perils covered under a policy is found in which part of the policy Insuring agreement 3 multiple choice options Which of the following statements pertaining to insurance companies is CORRECT? The primary purpose of a stock company is to earn profit for its stockholders. 3 multiple choice options The business Auto Coverage Form uses symbols to denote the vehicles to which each of the policy'...

Texas All-Lines Adjuster course Final Exam Questions With Complete Solutions(100%verified) A severe thunderstorm damaged a policyholder's residence. He called and asked how long it would be before he receives 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 graduated college and is interested in becoming an adjuster. she would like to be able to handle any type of ...

Texas All Lines Adjuster License Final Exam (The Adjuster School)Uninsured Motorist This type of Auto Coverage pays for your damages if you were involved in a hit-and-run: Uninsured Motorist Comprehensive Liability Collison Liability What is the responsibility to another for one's negligence? Hazard Liability Risk Negligence Deductible The amount the insured must pay in a loss before any payment is due is known as: Loss Ratio Deductible Premium Surcharge Conditions...

Texas Adjuster Exam 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. - ANSWER $30,000 Which of the following statements best describes an inland marine policy? - ANSWER Pertains to Cargo with no fixed location Alex is traveling through College Station...

Personal lines Property & Casualty Exam Questions and Answers 100% Pass Risk - Correct Answer ️️ -Chance or Uncertainty of a Loss Peril - Correct Answer ️️ -Possible cause of a loss 2 Years - Correct Answer ️️ -The Commissioner of insurance is appointed by the governor for a term of ______ ending on February 1 of each odd-numbered year? 5 Years - Correct Answer ️️ -The Commissioner of insurance MUST have ________ of experience in business or government. $50,000 - Correct ...