Texas claims adjuster - Study guides, Class notes & Summaries

Texas All Lines Adjuster Review Exam Questions & Answers 2024/2025 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 prelicen...

Texas General Lines - Property and Casualty (Law and Regulations) Questions with 100% Correct Answers Licensing Purpose For the protection of the public of this state. Individuals must satisfy the following to be eligible to get a license: -18 years of age or older -Resident of state -Passed exam and pay fees -Filed application and submitted a fingerprint card -Not license for the purpose of selling to themselves, family, or employees Refuse to issue any license if: -Material ...

2022/2023 Texas Adjuster Study Guide 367 QUESTIONS AND ANSWERS 1. PERILS: A CAUSE OF PROPERTY LOSSES UNDER AN INSURANCE CON- TRACT EX: WINDSTORM, HURRICANE, EXPLOSION, COLLAPSE OF BUILD- ING, VANDALISM, ACCIDENTAL DISCHARGE, AND THEFT 2. LAW OF LARGE NUMBERS: A FUNDAMENTAL CONCEPT IN STATISTICS AND PROBABILITY THAT DESCRIBES HOW THE AVERAGE OF A RANDOM- LY SELECTED LARGE SAMPLE FROM A POPULATION. IT BASICALLY RE- LIES ON THE PRINCIPLE THAT THE LARGER THE POOL, THE MORE PRE- DICTAB...

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 All-Lines Adjuster Pre-Licensing Course Final Exam 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 claim. The most comprehensive type of ...

Claims Adjuster Exam Study Guide with 100% Verified Correct Answers Multi Peril-Package - Correct Answer Any policy which provides property & liability coverage (not homeowner) ISO policy - Correct Answer Sold in Texas, but not Texas form Only Texas DP 1 - Correct Answer Mainly the only TDP sold, now with plethora of endorsements Texas Standard Fire Policy - Correct Answer Granddaddy of all Texas property policies Business auto coverage e.g. - Correct Answer Owner of a taxi to cover...

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. B. A perso...

Texas All Lines Adjuster Test Questions and Answers 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 curr...

Texas All-Lines Adjusterinsurance - correct answer The transfer of risk. Insured - correct answer 1ST party. Customer. Person covered by policy. Insurer - correct answer 2ND party. Insurance company Adjuster - correct answer Investigates/adjusts claims Licensing age requirement - correct answer 18 NOT exempt for licensing - correct answer MBA Expiration date of adjusters license - correct answer 2nd anniversary of Licensee Birthday. Every 2 years after. Required CE hours - c...

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...