TEXAS ALL LINES ADJUSTER - EXAMINATION COMPLETE
QUESTIONS AND DETAILED SOLUTIONS LATEST UPDATE THIS
YEAR JUST RELEASED
Question 1: Which of the following statements is NOT TRUE
regarding the implied warranties of an Ocean Marine policy?
Answer:
The implied warranties are attached to the policy as an endorsement..
Question 2: All of the following are criteria for an accident to have
occurred "in the course of" the employment under a workers'
compensation policy, EXCEPT:
Answer:
While performing a task that a fellow worker requested, that was unusual to the
employee's job description, but occurred on the employer's premises during
working hours.
Question 3: Parmelia is covered under two separate standardized
Personal Automobile policies, with Part C limits under both policies
set at $200,000. Parmelia is involved in an accident with an
uninsured motorist and she sustains bodily injury damages for
$262,320. How much will Parmelia receive when she submits a
claim for these damages
Answer:
$200,000
,Question 4: Which of the following endorsements must be attached
to a standard Businessowners policy for coverage to apply to a
businesses freezer that was damaged by the interruption of a
power source
Answer:
Utility Services - Direct Damage endorsement.
Question 5: After completing an inspection of an insured's
pressure equipment and fire suppression systems, the inspector
determines that the pressure equipment needs to be repaired and
the suppression systems have not been cleaned and inspected in
the time frame required by the policy. The insurer will:
Answer:
Suspend coverage immediately by red tagging the items until they are repaired,
cleaned and pass reinspection
Question 6: To be eligible for coverage under a standardized
Dwelling policy, the insured must not allow more than _______
boarders to live on the premises.
Answer:
5
Question 7: All of the following are "Perils of the Sea" under an
Ocean Marine policy, EXCEPT: Correct Answer: Pirates The
amount of insurance countersigned, issued, or sold by an agent or
producer to cover immediate family members, an employer, or
employees is known as:
,Answer:
Controlled business
Question 8: Which of the following standardized Dwelling
insurance forms provides coverage for loss of rental income
Answer:
The DP-1, DP-2, and DP-3 forms
Question 9: The "Part B - Medical Payments" coverage of a
personal automobile policy covers injuries for all of the following,
EXCEPT:
Answer:
A passenger who is injured in another vehicle that is struck by the insured's
vehicle in an accident
Question 10: Which of the following are the Texas Workers'
Compensation benefits that are increased by a cost-of-living
adjustment (COLAs)
Answer:
Lifetime Income Benefits (LIBs) only
Question 11: Hannah must take time away from work to help assist
in the investigation of a claim that was made against her BOP
policy. The policy will pay for Hannah's actual loss of earnings up
to:
Answer:
, $250 per day.
Question 12: Surplus Lines companies in Texas have _____ to
acknowledge the receipt of a claim. Correct Answer: 30 days. All of
the following are characteristics of a principal that a surety will
scrutinize during the underwriting process, EXCEPT:
Answer:
Consideration.
Question 13: Under Section II of a Homeowners policy, a cemetery
plot owned by the insured is considered to be:
Answer:
An insured location.
Question 14: Which of the following is NOT one of the four major
coverages of an Ocean Marine policy?
Answer:
Seaworthiness.
Question 15: A ship has suffered damage and sunk. Which of the
following would respond to cover the loss of the ship?
Answer:
Hull Insurance.
QUESTIONS AND DETAILED SOLUTIONS LATEST UPDATE THIS
YEAR JUST RELEASED
Question 1: Which of the following statements is NOT TRUE
regarding the implied warranties of an Ocean Marine policy?
Answer:
The implied warranties are attached to the policy as an endorsement..
Question 2: All of the following are criteria for an accident to have
occurred "in the course of" the employment under a workers'
compensation policy, EXCEPT:
Answer:
While performing a task that a fellow worker requested, that was unusual to the
employee's job description, but occurred on the employer's premises during
working hours.
Question 3: Parmelia is covered under two separate standardized
Personal Automobile policies, with Part C limits under both policies
set at $200,000. Parmelia is involved in an accident with an
uninsured motorist and she sustains bodily injury damages for
$262,320. How much will Parmelia receive when she submits a
claim for these damages
Answer:
$200,000
,Question 4: Which of the following endorsements must be attached
to a standard Businessowners policy for coverage to apply to a
businesses freezer that was damaged by the interruption of a
power source
Answer:
Utility Services - Direct Damage endorsement.
Question 5: After completing an inspection of an insured's
pressure equipment and fire suppression systems, the inspector
determines that the pressure equipment needs to be repaired and
the suppression systems have not been cleaned and inspected in
the time frame required by the policy. The insurer will:
Answer:
Suspend coverage immediately by red tagging the items until they are repaired,
cleaned and pass reinspection
Question 6: To be eligible for coverage under a standardized
Dwelling policy, the insured must not allow more than _______
boarders to live on the premises.
Answer:
5
Question 7: All of the following are "Perils of the Sea" under an
Ocean Marine policy, EXCEPT: Correct Answer: Pirates The
amount of insurance countersigned, issued, or sold by an agent or
producer to cover immediate family members, an employer, or
employees is known as:
,Answer:
Controlled business
Question 8: Which of the following standardized Dwelling
insurance forms provides coverage for loss of rental income
Answer:
The DP-1, DP-2, and DP-3 forms
Question 9: The "Part B - Medical Payments" coverage of a
personal automobile policy covers injuries for all of the following,
EXCEPT:
Answer:
A passenger who is injured in another vehicle that is struck by the insured's
vehicle in an accident
Question 10: Which of the following are the Texas Workers'
Compensation benefits that are increased by a cost-of-living
adjustment (COLAs)
Answer:
Lifetime Income Benefits (LIBs) only
Question 11: Hannah must take time away from work to help assist
in the investigation of a claim that was made against her BOP
policy. The policy will pay for Hannah's actual loss of earnings up
to:
Answer:
, $250 per day.
Question 12: Surplus Lines companies in Texas have _____ to
acknowledge the receipt of a claim. Correct Answer: 30 days. All of
the following are characteristics of a principal that a surety will
scrutinize during the underwriting process, EXCEPT:
Answer:
Consideration.
Question 13: Under Section II of a Homeowners policy, a cemetery
plot owned by the insured is considered to be:
Answer:
An insured location.
Question 14: Which of the following is NOT one of the four major
coverages of an Ocean Marine policy?
Answer:
Seaworthiness.
Question 15: A ship has suffered damage and sunk. Which of the
following would respond to cover the loss of the ship?
Answer:
Hull Insurance.
