Claims Adjuster Exam
Questions And Complete
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: 15 calendar days to send notice you received claim
15 business days to resolve case
5 days to pay claim (if applicable)
Options for High Risk Drivers? - Answer: Texas started TAIPA
Risk pool
Minus PIP ($2,500)
Uninsured/underinsured motorist coverage - Answer: What does TAIPA provide?
When can you get TAIPA - Answer: Once you've been rejected by 2 or more insurance companies
Commercial General Liability coverage - Answer: Covers basically any risk imaginable that would "cause"
bodily injury or property damage
E.g. Customer slip-fall; hit by debris; escalator lurching;poison get well card
Multi peril or package - Answer: Any policy that provides both property and liability coverage
Questions And Complete
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: 15 calendar days to send notice you received claim
15 business days to resolve case
5 days to pay claim (if applicable)
Options for High Risk Drivers? - Answer: Texas started TAIPA
Risk pool
Minus PIP ($2,500)
Uninsured/underinsured motorist coverage - Answer: What does TAIPA provide?
When can you get TAIPA - Answer: Once you've been rejected by 2 or more insurance companies
Commercial General Liability coverage - Answer: Covers basically any risk imaginable that would "cause"
bodily injury or property damage
E.g. Customer slip-fall; hit by debris; escalator lurching;poison get well card
Multi peril or package - Answer: Any policy that provides both property and liability coverage
