TX ADJUSTER TRAINING STUDY SHEET 2026
UPDATED QUESTIONS AND ANSWERS
◉Commerce. Answer: The exchange or transport of goods or
property.
◉Commercial. Answer: Having to do with commerce or business
activity in general.
◉Commercial Crime Insurance. Answer: Commercial insurance that
covers employee dishonesty and theft by employees or others.
◉Commercial Lines. Answer: A variety of insurance coverages that
protect those involved in the business of creating, selling, displaying,
evaluating, or shipping, etc. Example include: Business Owner's
Policy; Commercial Property; Commercial General Liability; Workers
Compensation; Professional Liability (D&O), Errors and Omissions
(E&O) and Employment-Related Practices Liability.
◉Commercial Property Floater. Answer: A means of protecting a
business' property that is not in one fixed location.
,◉Common Crop Insurance Policy. Answer: A single uniform policy
that combines Crop Revenue Coverage, Revenue Assurance, Income
Protection, and Indexed Income Protection.
◉Common Law. Answer: Based on court decisions and customs
when statutory law does not provide an answer; creates precedent.
◉Compensatory Damages. Answer: Money awarded in civil court for
tangible and intangible damages caused by a policyholder.
◉Compensatory damages - Special. Answer: Money awarded for the
exact value of the physical damage caused to the plaintiff up to the
trial date. This is an objective value determined by receipts and
medical bills.
◉Compensatory damages - General. Answer: Money awarded for the
emotional losses of the plaintiff that will continue after the trial date.
These are a subjective value and are determined by the court.
◉Competence. Answer: One of the four qualifications of a legally
binding contract. All parties must be competent, with the necessary
legal and mental capacity.
,◉Complaint. Answer: A complaint initiates a civil lawsuit by a
claimant requesting financial relief from damages caused by a
policyholder.
◉Concealment. Answer: The act of withholding relevant material
facts from an insurer.
◉Conditions. Answer: The section of a policy that qualifies or limits
an insurer's promise to pay or perform.
◉Consideration. Answer: One of the four qualifications of a legally
binding contract. All parties must bring something of value to the
contract.
◉Contract. Answer: An agreement entered into voluntarily by two
parties or more with the intention of creating a legal obligation.
◉Coverages. Answer: The amount and extent of protection provided
by an insurance policy.
◉Crime. Answer: An offense against the State or Federal
Government, or a breach of law, for which the offender shall make
satisfaction to the public.
, ◉Criminal. Answer: Someone who has been convicted of a criminal
act in a court of law.
◉Crop Hail Insurance. Answer: A form of Crop Yield Insurance that
is usually provided by private insurers without government subsidy.
It offers named-peril protection on an acreage basis.
◉Crop Insurance. Answer: Insurance coverage designed to protect a
farmer's financial investment in his or her crops. Covers losses to a
crop's profitability.
◉Crop Revenue Insurance. Answer: Crop insurance that combines
crop-yield insurance and price insurance to protect against losses to
crop value.
◉Crop Yield Insurance. Answer: Crop insurance that covers physical
losses to actual crops.
◉Damages - general. Answer: Intangible losses such as pain and
suffering, or mental anguish.
◉Damages - special. Answer: Tangible, financial losses that can be
documented.
UPDATED QUESTIONS AND ANSWERS
◉Commerce. Answer: The exchange or transport of goods or
property.
◉Commercial. Answer: Having to do with commerce or business
activity in general.
◉Commercial Crime Insurance. Answer: Commercial insurance that
covers employee dishonesty and theft by employees or others.
◉Commercial Lines. Answer: A variety of insurance coverages that
protect those involved in the business of creating, selling, displaying,
evaluating, or shipping, etc. Example include: Business Owner's
Policy; Commercial Property; Commercial General Liability; Workers
Compensation; Professional Liability (D&O), Errors and Omissions
(E&O) and Employment-Related Practices Liability.
◉Commercial Property Floater. Answer: A means of protecting a
business' property that is not in one fixed location.
,◉Common Crop Insurance Policy. Answer: A single uniform policy
that combines Crop Revenue Coverage, Revenue Assurance, Income
Protection, and Indexed Income Protection.
◉Common Law. Answer: Based on court decisions and customs
when statutory law does not provide an answer; creates precedent.
◉Compensatory Damages. Answer: Money awarded in civil court for
tangible and intangible damages caused by a policyholder.
◉Compensatory damages - Special. Answer: Money awarded for the
exact value of the physical damage caused to the plaintiff up to the
trial date. This is an objective value determined by receipts and
medical bills.
◉Compensatory damages - General. Answer: Money awarded for the
emotional losses of the plaintiff that will continue after the trial date.
These are a subjective value and are determined by the court.
◉Competence. Answer: One of the four qualifications of a legally
binding contract. All parties must be competent, with the necessary
legal and mental capacity.
,◉Complaint. Answer: A complaint initiates a civil lawsuit by a
claimant requesting financial relief from damages caused by a
policyholder.
◉Concealment. Answer: The act of withholding relevant material
facts from an insurer.
◉Conditions. Answer: The section of a policy that qualifies or limits
an insurer's promise to pay or perform.
◉Consideration. Answer: One of the four qualifications of a legally
binding contract. All parties must bring something of value to the
contract.
◉Contract. Answer: An agreement entered into voluntarily by two
parties or more with the intention of creating a legal obligation.
◉Coverages. Answer: The amount and extent of protection provided
by an insurance policy.
◉Crime. Answer: An offense against the State or Federal
Government, or a breach of law, for which the offender shall make
satisfaction to the public.
, ◉Criminal. Answer: Someone who has been convicted of a criminal
act in a court of law.
◉Crop Hail Insurance. Answer: A form of Crop Yield Insurance that
is usually provided by private insurers without government subsidy.
It offers named-peril protection on an acreage basis.
◉Crop Insurance. Answer: Insurance coverage designed to protect a
farmer's financial investment in his or her crops. Covers losses to a
crop's profitability.
◉Crop Revenue Insurance. Answer: Crop insurance that combines
crop-yield insurance and price insurance to protect against losses to
crop value.
◉Crop Yield Insurance. Answer: Crop insurance that covers physical
losses to actual crops.
◉Damages - general. Answer: Intangible losses such as pain and
suffering, or mental anguish.
◉Damages - special. Answer: Tangible, financial losses that can be
documented.
