Texas Insurance Adjuster Exam
Adjuster Brent -correct answer-An all-lines licensed adjuster with one year experience
assigned to adjust a claim on a manufacturing plant with over $1 million in losses.
Business income loss issues -correct answer-Extensive issues related to loss of income due to
business interruption.
TDI guidelines -correct answer-Regulations set by the Texas Department of Insurance that
govern adjusters' actions.
Unfair Claim Settlement Practices -correct answer-The name of the law, not a part of the
Texas Insurance Code, which protects consumers from unethical sales practices.
Public Adjuster -correct answer-An adjuster who represents the insured in negotiating claims
with insurance companies.
Charge a 20% fee for his services -correct answer-A legal action that a Public Adjuster can
take when representing a client.
Continuing education requirements -correct answer-Obligations that licensed adjusters must
meet to maintain their licenses.
Minimum score of 70% on the renewal exam -correct answer-The score required for Linda to
maintain her adjuster license in Texas.
Adjuster licensing requirements -correct answer-Conditions that must be met to obtain a TDI
licensed adjuster status.
15 hours of continuing education -correct answer-The number of hours Bill must obtain
every 2 years to maintain his adjuster license.
Texas All Lines Adjuster License -correct answer-A license that Ronald must apply for after
completing his pre-licensing course.
Workers Compensation Adjuster -correct answer-One of the three different licenses for
insurance adjusters.
CPCU & AIC -correct answer-Two types of designations that allow a person to be exempt
from an adjuster's license examination.
Insurance licenses expiration -correct answer-In Texas, insurance licenses expire every two
years on the 15th of the month you were licensed in, every other year.
Ethics courses requirement -correct answer-After the September 30, 2022 renewal deadline,
Texas Department of Insurance requires adjusters to take three hours of ethics courses.
Aleatory contract -correct answer-An insurance policy is an aleatory contract, meaning that
performance depends on the occurrence of an uncertain event.
, Consideration in contracts -correct answer-Each party to a contract must give something of
value, known as consideration, which may consist of money, an act, a promise, or the giving
up of a legal right.
Material facts disclosure -correct answer-Tiffany's failure to disclose damage to her home
could lead to consequences if the insurance company proves intentional concealment.
estoppel -correct answer-A legal principle that prevents someone from arguing something
contrary to a claim made or implied by a previous action or statement.
fraud -correct answer-An intentional deception made for personal gain or to damage
another individual.
indemnity -correct answer-A security or protection against a financial loss or damage.
concealment -correct answer-The act of hiding or not disclosing information that is material
to a contract.
misrepresentation -correct answer-A false statement of fact that induces another party to
enter into a contract.
30 business days -correct answer-The time frame within which an insurance company must
accept or reject a claim after obtaining all necessary information.
due diligence -correct answer-The effort made by an insured to protect their property from
further damage.
15 business days -correct answer-The time frame for an insurance company to affirm or deny
a claim after receiving all requested information.
Consideration -correct answer-The value exchanged in a contract, such as the insurer's
promise to pay and the insured's premium.
$12,500.00 -correct answer-The total estimated damages to the flooring in Sue Swift's home
after leaving the bathwater running.
named insured -correct answer-The individual listed as the primary policyholder in the
insurance policy.
insurable interest -correct answer-A stake in the insured property that would cause a
financial loss if damaged.
statutory duty -correct answer-A legal obligation imposed by law.
Indemnification -correct answer-The principle that ensures an insured is restored to the
same financial position after a loss as before the loss.
Coinsurance -correct answer-A provision in an insurance policy that requires the insured to
carry a certain percentage of the total insurance value.
Adjuster Brent -correct answer-An all-lines licensed adjuster with one year experience
assigned to adjust a claim on a manufacturing plant with over $1 million in losses.
Business income loss issues -correct answer-Extensive issues related to loss of income due to
business interruption.
TDI guidelines -correct answer-Regulations set by the Texas Department of Insurance that
govern adjusters' actions.
Unfair Claim Settlement Practices -correct answer-The name of the law, not a part of the
Texas Insurance Code, which protects consumers from unethical sales practices.
Public Adjuster -correct answer-An adjuster who represents the insured in negotiating claims
with insurance companies.
Charge a 20% fee for his services -correct answer-A legal action that a Public Adjuster can
take when representing a client.
Continuing education requirements -correct answer-Obligations that licensed adjusters must
meet to maintain their licenses.
Minimum score of 70% on the renewal exam -correct answer-The score required for Linda to
maintain her adjuster license in Texas.
Adjuster licensing requirements -correct answer-Conditions that must be met to obtain a TDI
licensed adjuster status.
15 hours of continuing education -correct answer-The number of hours Bill must obtain
every 2 years to maintain his adjuster license.
Texas All Lines Adjuster License -correct answer-A license that Ronald must apply for after
completing his pre-licensing course.
Workers Compensation Adjuster -correct answer-One of the three different licenses for
insurance adjusters.
CPCU & AIC -correct answer-Two types of designations that allow a person to be exempt
from an adjuster's license examination.
Insurance licenses expiration -correct answer-In Texas, insurance licenses expire every two
years on the 15th of the month you were licensed in, every other year.
Ethics courses requirement -correct answer-After the September 30, 2022 renewal deadline,
Texas Department of Insurance requires adjusters to take three hours of ethics courses.
Aleatory contract -correct answer-An insurance policy is an aleatory contract, meaning that
performance depends on the occurrence of an uncertain event.
, Consideration in contracts -correct answer-Each party to a contract must give something of
value, known as consideration, which may consist of money, an act, a promise, or the giving
up of a legal right.
Material facts disclosure -correct answer-Tiffany's failure to disclose damage to her home
could lead to consequences if the insurance company proves intentional concealment.
estoppel -correct answer-A legal principle that prevents someone from arguing something
contrary to a claim made or implied by a previous action or statement.
fraud -correct answer-An intentional deception made for personal gain or to damage
another individual.
indemnity -correct answer-A security or protection against a financial loss or damage.
concealment -correct answer-The act of hiding or not disclosing information that is material
to a contract.
misrepresentation -correct answer-A false statement of fact that induces another party to
enter into a contract.
30 business days -correct answer-The time frame within which an insurance company must
accept or reject a claim after obtaining all necessary information.
due diligence -correct answer-The effort made by an insured to protect their property from
further damage.
15 business days -correct answer-The time frame for an insurance company to affirm or deny
a claim after receiving all requested information.
Consideration -correct answer-The value exchanged in a contract, such as the insurer's
promise to pay and the insured's premium.
$12,500.00 -correct answer-The total estimated damages to the flooring in Sue Swift's home
after leaving the bathwater running.
named insured -correct answer-The individual listed as the primary policyholder in the
insurance policy.
insurable interest -correct answer-A stake in the insured property that would cause a
financial loss if damaged.
statutory duty -correct answer-A legal obligation imposed by law.
Indemnification -correct answer-The principle that ensures an insured is restored to the
same financial position after a loss as before the loss.
Coinsurance -correct answer-A provision in an insurance policy that requires the insured to
carry a certain percentage of the total insurance value.
