Texas insurance adjuster Study guides, Class notes & Summaries

Texas Insurance Adjuster Exam – Questions & Answers

Insurance Adjuster 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) staff adjusters, independent adjusters, contractors, public adjusters, temporary/emergen...

You have just completed the handling of John Wood's roof claim. Mr Wood disagrees with your coverage determination to deny his claim, what must you provide to mr. Wood? - Answer written explanation of full or partial rejection of the claim. An employee of the insurance company's claim department - Answer staff adjuster Dr. Phillips completed a surgical procedure on his patient. it was later determined his method was completed incorrectly and caused more damage. what type of liability...

The Texas Insurance Adjuster Exam Questions and Complete Solutions Graded A+

Define Accident - Answer An unforeseen, unintended even; something unexpected Define Additional Living Expenses - Answer Extra charges covered by homeowner's policies over and above the policyholder's customary living expenses due to damage by a covered peril that makes the home temporarily uninhabitable. Define Actual Cash Value - Answer The value of your property, based on the current cost to replace it minus depreciation. Define Adjuster - Answer A person who investigates and settl...

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 Insurance Adjuster Question with complete solution 2023Define Accident - correct answer An unforeseen, unintended even; something unexpected Define Additional Living Expenses - correct answer Extra charges covered by homeowner's policies over and above the policyholder's customary living expenses due to damage by a covered peril that makes the home temporarily uninhabitable. Define Actual Cash Value - correct answer The value of your property, based on the current c...

Texas Insurance Adjuster Exam - Study Guide With Complete Solutions

Texas All Lines Adjuster Test 2024 Measures taken by an insurance company to ensure that their exposure is not too high and to control the effect of a loss; for example, an insurer might charge higher premiums to drivers who have received speeding tickets. - correct answer Risk Management A federal agency under the USDA that administers the Federal Crop Insurance Program. - correct answer Risk Management Agency Groups of people with similar insurance needs who form an organization t...

Texas All Lines Insurance Adjuster With complete Solution Define Accident {{Correct Ans- An unforeseen, unintended even; something unexpected Define Additional Living Expenses {{Correct Ans- Extra charges covered by homeowner's policies over and above the policyholder's customary living expenses due to damage by a covered peril that makes the home temporarily uninhabitable. Define Actual Cash Value {{Correct Ans- The value of your property, based on the current cost to replace it minus ...