CLAIMS ADJUSTER EXAM STUDY GUIDE | QUESTIONS &
ANSWERS | NEW 2026/2027 UPDATE | GRADED A+| 100% CORRECT
(VERIFIED SOLUTIONS)
Multi Peril-Package -
ANSWER
Any policy which provides property & liability coverage (not homeowner)
ISO policy -
ANSWER
Sold in Texas, but not Texas form
Only Texas DP 1 -
ANSWER
Mainly the only TDP sold, now with plethora of endorsements
Texas Standard Fire Policy -
ANSWER
Granddaddy of all Texas property policies
Business auto coverage e.g. -
ANSWER
Owner of a taxi to cover collision damage
Inland Marine (build milk policy) would cover e.g. -
ANSWER
3k gallons of milk in tanker truck
Texas Standard, Standard Fire & Business Owner -
ANSWER
Would all cover damage to something like a gift card shop fire
, Tx Personal Auto Policy e.g. -
ANSWER
Owner of family far, for potential injury to other people
Trucker's policy -
ANSWER
Trucking company, for potential damage to other people's trailers which the trucking company may
be pulling
Actual Cash Value (ACV) -
ANSWER
Replacement cost less depreciation
Garage Liability e.g. -
ANSWER
For valet parking service to have appropriate liability coverage it needs what kind of policy?
Flood, workers comp, crop, costal wind among others -
ANSWER
Types of casualty claims I will be unable to handle under license I'm studying for
Ocean Marine Hull coverage -
ANSWER
Would have to be written for an insured to cover potential collision damage to insured's ship
Covered (if it's not written) -
ANSWER
It's safe to assume that if something is not excluded in writing it's appropriate to assume that the
loss is?
15/15/5 rule -
ANSWER
ANSWERS | NEW 2026/2027 UPDATE | GRADED A+| 100% CORRECT
(VERIFIED SOLUTIONS)
Multi Peril-Package -
ANSWER
Any policy which provides property & liability coverage (not homeowner)
ISO policy -
ANSWER
Sold in Texas, but not Texas form
Only Texas DP 1 -
ANSWER
Mainly the only TDP sold, now with plethora of endorsements
Texas Standard Fire Policy -
ANSWER
Granddaddy of all Texas property policies
Business auto coverage e.g. -
ANSWER
Owner of a taxi to cover collision damage
Inland Marine (build milk policy) would cover e.g. -
ANSWER
3k gallons of milk in tanker truck
Texas Standard, Standard Fire & Business Owner -
ANSWER
Would all cover damage to something like a gift card shop fire
, Tx Personal Auto Policy e.g. -
ANSWER
Owner of family far, for potential injury to other people
Trucker's policy -
ANSWER
Trucking company, for potential damage to other people's trailers which the trucking company may
be pulling
Actual Cash Value (ACV) -
ANSWER
Replacement cost less depreciation
Garage Liability e.g. -
ANSWER
For valet parking service to have appropriate liability coverage it needs what kind of policy?
Flood, workers comp, crop, costal wind among others -
ANSWER
Types of casualty claims I will be unable to handle under license I'm studying for
Ocean Marine Hull coverage -
ANSWER
Would have to be written for an insured to cover potential collision damage to insured's ship
Covered (if it's not written) -
ANSWER
It's safe to assume that if something is not excluded in writing it's appropriate to assume that the
loss is?
15/15/5 rule -
ANSWER
