Texas adjusting - Study guides, Class notes & Summaries

Texas all lines adjuster exam (Adjusting Test) (Recent 2023-2024 Exam) (Questions and Answers) All 150 Questions

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 AdjustingAccumulated Depreciation - correct answer The total decrease in an item's value over a period of time. Formula: (Annual Depreciation x Number of years used) Actual Cash Value (ACV) - correct answer An item's current market value right before being damaged or destroyed. Formula: (Replacement Cost-Accumulated Depreciation) Adhesion - correct answer One of the characteristics of an insurance contract. One party sets the terms and the other party can "take it or...

Accumulated Depresciation The total decrease in an item's value over a period of time. Formula: (Annual Depreciation x Number of years used) Actual Cash Value (ACV) An item's current market value right before being damaged or destroyed. Formula: (Replacement Cost-Accumulated Depreciation) Adhesion One of the characteristics of an insurance contract. One party sets the terms and the other party can "take it or leave". Adjusted Gross Revenue (Crop Insurance) Narrowest (and least expensi...

Texas Adjusting Test - Questions And Answers

Texas all lines adjuster exam (Adjusting Test) (Recent Exam) (Questions and Answers) All 150 Questions

Accumulated Depresciation correct answersThe total decrease in an item's value over a period of time. Formula: (Annual Depreciation x Number of years used) Actual Cash Value (ACV) correct answersAn item's current market value right before being damaged or destroyed. Formula: (Replacement Cost-Accumulated Depreciation) Adhesion correct answersOne of the characteristics of an insurance contract. One party sets the terms and the other party can "take it or leave". Adjusted Gross Re...

TEXAS ALL-LINES ADJUSTING QUESTIONS WITH CORRECT DETAILED ANSWERS

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