CLAIMS ADJUSTER EXAM QUESTIONS
AND CORRECT ANSWERS
MultiA2Peril-PackageA2-A2Ans--
AnyA2policyA2whichA2providesA2propertyA2&A2liabilityA2coverageA2(notA2homeowner)
ISOA2policyA2-A2Ans--SoldA2inA2Texas,A2butA2notA2TexasA2form
OnlyA2TexasA2DPA21A2-A2Ans--
MainlyA2theA2onlyA2TDPA2sold,A2nowA2withA2plethoraA2ofA2endorsements
TexasA2StandardA2FireA2PolicyA2-A2Ans--GranddaddyA2ofA2allA2TexasA2propertyA2policies
BusinessA2autoA2coverageA2e.g.A2-A2Ans--
OwnerA2ofA2aA2taxiA2toA2coverA2collisionA2damage
InlandA2MarineA2(buildA2milkA2policy)A2wouldA2coverA2e.g.A2-A2Ans--
3kA2gallonsA2ofA2milkA2inA2tankerA2truck
TexasA2Standard,A2StandardA2FireA2&A2BusinessA2OwnerA2-A2Ans--
WouldA2allA2coverA2damageA2toA2somethingA2likeA2aA2giftA2cardA2shopA2fire
TxA2PersonalA2AutoA2PolicyA2e.g.A2-A2Ans--
OwnerA2ofA2familyA2far,A2forA2potentialA2injuryA2toA2otherA2people
Trucker'sA2policyA2-A2Ans--
TruckingA2company,A2forA2potentialA2damageA2toA2otherA2people'sA2trailersA2whichA2theA2tr
uckingA2companyA2mayA2beA2pulling
ActualA2CashA2ValueA2(ACV)A2-A2Ans--ReplacementA2costA2lessA2depreciation
GarageA2LiabilityA2e.g.A2-A2Ans--
ForA2valetA2parkingA2serviceA2toA2haveA2appropriateA2liabilityA2coverageA2itA2needsA2whatA
2kindA2ofA2policy?
Flood,A2workersA2comp,A2crop,A2costalA2windA2amongA2othersA2-A2Ans--
TypesA2ofA2casualtyA2claimsA2IA2willA2beA2unableA2toA2handleA2underA2licenseA2I'mA2studyi
ngA2for
OceanA2MarineA2HullA2coverageA2-A2Ans--
WouldA2haveA2toA2beA2writtenA2forA2anA2insuredA2toA2coverA2potentialA2collisionA2damageA2
toA2insured'sA2ship
, CoveredA2(ifA2it'sA2notA2written)A2-A2Ans--
It'sA2safeA2toA2assumeA2thatA2ifA2somethingA2isA2notA2excludedA2inA2writingA2it'sA2appropria
teA2toA2assumeA2thatA2theA2lossA2is?
15/15/5A2ruleA2-A2Ans--15A2calendarA2daysA2toA2sendA2noticeA2youA2receivedA2claim
15A2businessA2daysA2toA2resolveA2case
5A2daysA2toA2payA2claimA2(ifA2applicable)
OptionsA2forA2HighA2RiskA2Drivers?A2-A2Ans--TexasA2startedA2TAIPA
RiskA2pool
MinusA2PIPA2($2,500)
Uninsured/underinsuredA2motoristA2coverageA2-A2Ans--WhatA2doesA2TAIPAA2provide?
WhenA2canA2youA2getA2TAIPAA2-A2Ans--
OnceA2you'veA2beenA2rejectedA2byA22A2orA2moreA2insuranceA2companies
CommercialA2GeneralA2LiabilityA2coverageA2-A2Ans--
CoversA2basicallyA2anyA2riskA2imaginableA2thatA2wouldA2"cause"A2bodilyA2injuryA2orA2prope
rtyA2damage
E.g.A2CustomerA2slip-fall;A2hitA2byA2debris;A2escalatorA2lurching;poisonA2getA2wellA2card
MultiA2perilA2orA2packageA2-A2Ans--
AnyA2policyA2thatA2providesA2bothA2propertyA2andA2liabilityA2coverage
ISOA2-A2Ans--AA2policyA2soldA2inA2Texas,A2butA2isA2notA2aA2TexasA2PolicyA2form
HowA2manyA2TexasA2DwellingA2policiesA2areA2soldA2now?A2-A2Ans--ONE
TXA2DwellingA2FormA21A2-A2Ans--TheA2dwellingA2policyA2soldA2inA2texas
TexasA2StandardA2FireA2PolicyA2is...A2-A2Ans--
TheA2granddaddyA2ofA2allA2TexasA2propertyA2policies
E.g.A2OwnerA2ofA2aA2taxiA2whoA2needsA2collisionA2damageA2forA2hisA2ownA2taxiA2-A2Ans--
BusinessA2autoA2e.g.
E.g.A23,000A2gallonsA2ofA2milkA2inA2tankerA2truckA2-A2Ans--
InlandA2MarineA2(BulkA2Milk)A2e.g.
E.g.FireA2damageA2toA2smallA2greetingA2cardA2shopA2(3A2possibleA2policies)A2-A2Ans--
TexasA2StandardA2Fire,A2StandardA2Fire,A2BusinessA2ownerA2e.g.
ActualA2CashA2ValueA2(ACV)A2-A2Ans--WhatA2isA2replacementA2costA2lessA2depreciation?
AND CORRECT ANSWERS
MultiA2Peril-PackageA2-A2Ans--
AnyA2policyA2whichA2providesA2propertyA2&A2liabilityA2coverageA2(notA2homeowner)
ISOA2policyA2-A2Ans--SoldA2inA2Texas,A2butA2notA2TexasA2form
OnlyA2TexasA2DPA21A2-A2Ans--
MainlyA2theA2onlyA2TDPA2sold,A2nowA2withA2plethoraA2ofA2endorsements
TexasA2StandardA2FireA2PolicyA2-A2Ans--GranddaddyA2ofA2allA2TexasA2propertyA2policies
BusinessA2autoA2coverageA2e.g.A2-A2Ans--
OwnerA2ofA2aA2taxiA2toA2coverA2collisionA2damage
InlandA2MarineA2(buildA2milkA2policy)A2wouldA2coverA2e.g.A2-A2Ans--
3kA2gallonsA2ofA2milkA2inA2tankerA2truck
TexasA2Standard,A2StandardA2FireA2&A2BusinessA2OwnerA2-A2Ans--
WouldA2allA2coverA2damageA2toA2somethingA2likeA2aA2giftA2cardA2shopA2fire
TxA2PersonalA2AutoA2PolicyA2e.g.A2-A2Ans--
OwnerA2ofA2familyA2far,A2forA2potentialA2injuryA2toA2otherA2people
Trucker'sA2policyA2-A2Ans--
TruckingA2company,A2forA2potentialA2damageA2toA2otherA2people'sA2trailersA2whichA2theA2tr
uckingA2companyA2mayA2beA2pulling
ActualA2CashA2ValueA2(ACV)A2-A2Ans--ReplacementA2costA2lessA2depreciation
GarageA2LiabilityA2e.g.A2-A2Ans--
ForA2valetA2parkingA2serviceA2toA2haveA2appropriateA2liabilityA2coverageA2itA2needsA2whatA
2kindA2ofA2policy?
Flood,A2workersA2comp,A2crop,A2costalA2windA2amongA2othersA2-A2Ans--
TypesA2ofA2casualtyA2claimsA2IA2willA2beA2unableA2toA2handleA2underA2licenseA2I'mA2studyi
ngA2for
OceanA2MarineA2HullA2coverageA2-A2Ans--
WouldA2haveA2toA2beA2writtenA2forA2anA2insuredA2toA2coverA2potentialA2collisionA2damageA2
toA2insured'sA2ship
, CoveredA2(ifA2it'sA2notA2written)A2-A2Ans--
It'sA2safeA2toA2assumeA2thatA2ifA2somethingA2isA2notA2excludedA2inA2writingA2it'sA2appropria
teA2toA2assumeA2thatA2theA2lossA2is?
15/15/5A2ruleA2-A2Ans--15A2calendarA2daysA2toA2sendA2noticeA2youA2receivedA2claim
15A2businessA2daysA2toA2resolveA2case
5A2daysA2toA2payA2claimA2(ifA2applicable)
OptionsA2forA2HighA2RiskA2Drivers?A2-A2Ans--TexasA2startedA2TAIPA
RiskA2pool
MinusA2PIPA2($2,500)
Uninsured/underinsuredA2motoristA2coverageA2-A2Ans--WhatA2doesA2TAIPAA2provide?
WhenA2canA2youA2getA2TAIPAA2-A2Ans--
OnceA2you'veA2beenA2rejectedA2byA22A2orA2moreA2insuranceA2companies
CommercialA2GeneralA2LiabilityA2coverageA2-A2Ans--
CoversA2basicallyA2anyA2riskA2imaginableA2thatA2wouldA2"cause"A2bodilyA2injuryA2orA2prope
rtyA2damage
E.g.A2CustomerA2slip-fall;A2hitA2byA2debris;A2escalatorA2lurching;poisonA2getA2wellA2card
MultiA2perilA2orA2packageA2-A2Ans--
AnyA2policyA2thatA2providesA2bothA2propertyA2andA2liabilityA2coverage
ISOA2-A2Ans--AA2policyA2soldA2inA2Texas,A2butA2isA2notA2aA2TexasA2PolicyA2form
HowA2manyA2TexasA2DwellingA2policiesA2areA2soldA2now?A2-A2Ans--ONE
TXA2DwellingA2FormA21A2-A2Ans--TheA2dwellingA2policyA2soldA2inA2texas
TexasA2StandardA2FireA2PolicyA2is...A2-A2Ans--
TheA2granddaddyA2ofA2allA2TexasA2propertyA2policies
E.g.A2OwnerA2ofA2aA2taxiA2whoA2needsA2collisionA2damageA2forA2hisA2ownA2taxiA2-A2Ans--
BusinessA2autoA2e.g.
E.g.A23,000A2gallonsA2ofA2milkA2inA2tankerA2truckA2-A2Ans--
InlandA2MarineA2(BulkA2Milk)A2e.g.
E.g.FireA2damageA2toA2smallA2greetingA2cardA2shopA2(3A2possibleA2policies)A2-A2Ans--
TexasA2StandardA2Fire,A2StandardA2Fire,A2BusinessA2ownerA2e.g.
ActualA2CashA2ValueA2(ACV)A2-A2Ans--WhatA2isA2replacementA2costA2lessA2depreciation?