TEXAS ALL LINES ADJUSTER QUESTIONS AND ANSWERS
MARKED A+
✔✔HIPAA - ✔✔Health Insurance Portability and Accountability Act, 1996 US law
protecting consumer privacy, regulating collection, use and storage of private
information.
✔✔HO Forms 2 - ✔✔The "broad" or "cheap" form of Homeowners Insurance; a basic,
named-peril HO form that nevertheless is less limited than the HO-8.
✔✔HO Forms 3 - ✔✔"Special form" of Homeowners Insurance; all-peril coverage for
structures, named-peril coverage for contents.
✔✔HO Forms 4 - ✔✔"Contents broad form"; named-peril renter's policy covering only
personal property and any structural improvements made at tenant's own expense.
✔✔HO Forms 5 - ✔✔"Comprehensive form" of Homeowners Insurance; provides all-
peril coverage to both structures and contents; the Cadillac of HO forms.
✔✔HO Forms 6 - ✔✔"Condo" or "unit owner's form"; named-peril homeowners policy
covering personal property and the surface structure of a condominium.
✔✔HO Forms 8 - ✔✔"Modified coverage form" of Homeowners Insurance; named-peril
coverage for structures and contents, fewer perils covered; form for buildings with low
value.
✔✔Homeowner's Policy - ✔✔An insurance policy that combines property coverage with
liability coverage for a person's home.
✔✔IIPPA - ✔✔The Insurance Information and Privacy Protection Act regulates how an
insurance company can use consumers' private information.
✔✔Impaired Property - ✔✔Property that is defective because the insured's deficient or
incomplete additions or work.
✔✔Income Protection (Crop Insurance) - ✔✔A form of Crop Revenue Insurance. One of
the cheapest available; provides a fixed revenue guarantee based on early commodity
prices for the crop type.
✔✔Indemnification - ✔✔Reimbursement for a loss, which leaves the claimant in the
same financial position that she was in before the loss.
✔✔Indemnify - ✔✔To restore by payment, repair, or replacement
, ✔✔Indemnity Insurance - ✔✔Insurance that indemnity's loss as opposed to liability
✔✔Indirect Loss - ✔✔An economic loss that results from the direct, or physical, loss.
✔✔Inland Marine - ✔✔Insurance that protects property being transported over land
✔✔Insurable acreage - ✔✔All of the acreage of the insured crop, for which a premium
rate is provided in the actuarial documents, in which the insured has a financial interest,
and which is planted in the county listed on the application.
✔✔Insurance - ✔✔A financial device that transfers the risk of unexpected, catastrophic
losses from one party to another.
✔✔Insurance Company - ✔✔Company which sells insurance policies to individuals or to
other companies.
✔✔Insurance Policy - ✔✔A contract wherein an insured pays premiums to an insurer in
exchange for financial protection in the event of a covered loss.
✔✔Insurance Rating Systems - ✔✔Methods of evaluating the risk involved in insuring a
person, property, or a corporation. Insurers use rating systems to calculate premiums.
✔✔Insured - ✔✔A person or entity who is covered under an insurance policy.
✔✔Insured crop - ✔✔The crop in the county for which coverage is available as specified
by the policy.
✔✔Insurer - ✔✔The person or entity providing coverage to one or more insureds.
✔✔Insuring Agreement - ✔✔A section of an insurance policy that summarizes the
insurer's promise to pay. Includes list of covered property and perils.
✔✔Interest - ✔✔Direct financial interest in protecting a unit.
✔✔Intervening Cause - ✔✔A separate occurrence that "intervenes" between a
defendant's actions and damage or loss to another person. An intervening cause may
decrease the defendant's liability, if the defendant can show that it was the intervening
cause (rather than the defendant himself) that caused the damage or loss. For example,
say your neighbor asked you to watch his Yorkshire terrier during his weekend vacation.
As the dog explores the ravine behind your house, a red tailed hawk swoops down and
carries the little dog away. When your neighbor sues you for negligence, you could
argue that the hawk (and not your own negligence) was the real cause of loss.
✔✔Joint - ✔✔Liability shared by two or more persons.
MARKED A+
✔✔HIPAA - ✔✔Health Insurance Portability and Accountability Act, 1996 US law
protecting consumer privacy, regulating collection, use and storage of private
information.
✔✔HO Forms 2 - ✔✔The "broad" or "cheap" form of Homeowners Insurance; a basic,
named-peril HO form that nevertheless is less limited than the HO-8.
✔✔HO Forms 3 - ✔✔"Special form" of Homeowners Insurance; all-peril coverage for
structures, named-peril coverage for contents.
✔✔HO Forms 4 - ✔✔"Contents broad form"; named-peril renter's policy covering only
personal property and any structural improvements made at tenant's own expense.
✔✔HO Forms 5 - ✔✔"Comprehensive form" of Homeowners Insurance; provides all-
peril coverage to both structures and contents; the Cadillac of HO forms.
✔✔HO Forms 6 - ✔✔"Condo" or "unit owner's form"; named-peril homeowners policy
covering personal property and the surface structure of a condominium.
✔✔HO Forms 8 - ✔✔"Modified coverage form" of Homeowners Insurance; named-peril
coverage for structures and contents, fewer perils covered; form for buildings with low
value.
✔✔Homeowner's Policy - ✔✔An insurance policy that combines property coverage with
liability coverage for a person's home.
✔✔IIPPA - ✔✔The Insurance Information and Privacy Protection Act regulates how an
insurance company can use consumers' private information.
✔✔Impaired Property - ✔✔Property that is defective because the insured's deficient or
incomplete additions or work.
✔✔Income Protection (Crop Insurance) - ✔✔A form of Crop Revenue Insurance. One of
the cheapest available; provides a fixed revenue guarantee based on early commodity
prices for the crop type.
✔✔Indemnification - ✔✔Reimbursement for a loss, which leaves the claimant in the
same financial position that she was in before the loss.
✔✔Indemnify - ✔✔To restore by payment, repair, or replacement
, ✔✔Indemnity Insurance - ✔✔Insurance that indemnity's loss as opposed to liability
✔✔Indirect Loss - ✔✔An economic loss that results from the direct, or physical, loss.
✔✔Inland Marine - ✔✔Insurance that protects property being transported over land
✔✔Insurable acreage - ✔✔All of the acreage of the insured crop, for which a premium
rate is provided in the actuarial documents, in which the insured has a financial interest,
and which is planted in the county listed on the application.
✔✔Insurance - ✔✔A financial device that transfers the risk of unexpected, catastrophic
losses from one party to another.
✔✔Insurance Company - ✔✔Company which sells insurance policies to individuals or to
other companies.
✔✔Insurance Policy - ✔✔A contract wherein an insured pays premiums to an insurer in
exchange for financial protection in the event of a covered loss.
✔✔Insurance Rating Systems - ✔✔Methods of evaluating the risk involved in insuring a
person, property, or a corporation. Insurers use rating systems to calculate premiums.
✔✔Insured - ✔✔A person or entity who is covered under an insurance policy.
✔✔Insured crop - ✔✔The crop in the county for which coverage is available as specified
by the policy.
✔✔Insurer - ✔✔The person or entity providing coverage to one or more insureds.
✔✔Insuring Agreement - ✔✔A section of an insurance policy that summarizes the
insurer's promise to pay. Includes list of covered property and perils.
✔✔Interest - ✔✔Direct financial interest in protecting a unit.
✔✔Intervening Cause - ✔✔A separate occurrence that "intervenes" between a
defendant's actions and damage or loss to another person. An intervening cause may
decrease the defendant's liability, if the defendant can show that it was the intervening
cause (rather than the defendant himself) that caused the damage or loss. For example,
say your neighbor asked you to watch his Yorkshire terrier during his weekend vacation.
As the dog explores the ravine behind your house, a red tailed hawk swoops down and
carries the little dog away. When your neighbor sues you for negligence, you could
argue that the hawk (and not your own negligence) was the real cause of loss.
✔✔Joint - ✔✔Liability shared by two or more persons.
