Texas adjusters all lines - Study guides, Class notes & Summaries

Texas All Lines Adjuster 2023 QUESTIONS AND ANSWERS Insurance - CORRECT ANSWERS The transfer of risk. Insured - CORRECT ANSWERS 1ST party. Customer. Person covered by policy. Insurer - CORRECT ANSWERS 2ND party. Insurance company Adjuster - CORRECT ANSWERS Investigates/adjusts claims Licensing age requirement - CORRECT ANSWERS 18 NOT exempt for licensing - CORRECT ANSWERS MBA Expiration date o...

Texas all lines adjuster exam questions & answers 2024/2025 All of the following are criteria for an accident to have occurred "in the course of" the employment under a workers' compensation policy, EXCEPT: - ANSWERSWhile 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 pol...

Texas all lines adjuster exam A Questions & answers 2024 updateTexas all lines adjuster exam A Questions & answers 2024 update All of the following are criteria for an accident to have occurred "in the course of" the employment under a workers' compensation policy, EXCEPT: - 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 ...

Texas All Lines Adjuster Test with Verified Answers Updated 2024 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 A recipient location recipient location Businesses who support insured by being the primary buyer for their products HO-3 (special form) covers the dwelling and other str...

Texas All Lines Adjuster Study Final Exam Questions & 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? - ANSWERSWe 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 claim. The most comprehensi...

Texas All Lines Adjuster Exam 2024 All of the following are criteria for an accident to have occurred "in the course of" the employment under a workers' compensation policy, EXCEPT: 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? The implied wa...

Texas All Lines AdjusterReinsurance Allows an insurance company to sell part of the risk they have assumed from a policyholder and thereby write more insurance and protect the company from any large losses it would not be able to handle on its own. Stock Companies Insurance companies owned by stockholders. Charge non-assessable fixed premiums. If company creates a profit, they may pay stockholders through dividends Mutual Companies Insurance company owned by the policyholders. Can p...

Texas All Lines Adjuster Test Accumulated Depreciation - 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 - Answer- 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) - Answer- A valuation method used by insurers to reflect an item's current market value...

Texas All Lines Adjuster License Exam Questions & Answers 2024/2025 Horatio is a business owner who is part of a business owners group that are buying old commercial buildings in their small city and refurbishing them. Horatio has bought a beautiful historical building made mostly of wood. He installs a sprinkler system right away to prevent a fire. What risk management strategy is Horatio using? - ANSWERSRisk Reduction A church has had the woodwork in the building refinished and new sta...