Claims Adjuster Exam (2023 – 2024) With
Complete Solutions
Multi Peril-Package - Any policy which provides property & liability coverage (not homeowner)
ISO policy - Sold in Texas, but not Texas form
Only Texas DP 1 - Mainly the only TDP sold, now with plethora of endorsements
Texas Standard Fire Policy - Granddaddy of all Texas property policies
Business auto coverage e.g. - Owner of a taxi to cover collision damage
Inland Marine (build milk policy) would cover e.g. - 3k gallons of milk in tanker truck
Texas Standard, Standard Fire & Business Owner - Would all cover damage to something like a gift
card shop fire
Tx Personal Auto Policy e.g. - Owner of family far, for potential injury to other people
Trucker's policy - Trucking company, for potential damage to other people's trailers which the
trucking company may be pulling
Actual Cash Value (ACV) - Replacement cost less depreciation
, Garage Liability e.g. - For valet parking service to have appropriate liability coverage it needs what
kind of policy?
Flood, workers comp, crop, costal wind among others - Types of casualty claims I will be unable to
handle under license I'm studying for
Ocean Marine Hull coverage - Would have to be written for an insured to cover potential collision
damage to insured's ship
Covered (if it's not written) - 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 - 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? - Texas started TAIPA
Risk pool
Minus PIP ($2,500)
Uninsured/underinsured motorist coverage - What does TAIPA provide?
When can you get TAIPA - Once you've been rejected by 2 or more insurance companies
Commercial General Liability coverage - 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
Complete Solutions
Multi Peril-Package - Any policy which provides property & liability coverage (not homeowner)
ISO policy - Sold in Texas, but not Texas form
Only Texas DP 1 - Mainly the only TDP sold, now with plethora of endorsements
Texas Standard Fire Policy - Granddaddy of all Texas property policies
Business auto coverage e.g. - Owner of a taxi to cover collision damage
Inland Marine (build milk policy) would cover e.g. - 3k gallons of milk in tanker truck
Texas Standard, Standard Fire & Business Owner - Would all cover damage to something like a gift
card shop fire
Tx Personal Auto Policy e.g. - Owner of family far, for potential injury to other people
Trucker's policy - Trucking company, for potential damage to other people's trailers which the
trucking company may be pulling
Actual Cash Value (ACV) - Replacement cost less depreciation
, Garage Liability e.g. - For valet parking service to have appropriate liability coverage it needs what
kind of policy?
Flood, workers comp, crop, costal wind among others - Types of casualty claims I will be unable to
handle under license I'm studying for
Ocean Marine Hull coverage - Would have to be written for an insured to cover potential collision
damage to insured's ship
Covered (if it's not written) - 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 - 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? - Texas started TAIPA
Risk pool
Minus PIP ($2,500)
Uninsured/underinsured motorist coverage - What does TAIPA provide?
When can you get TAIPA - Once you've been rejected by 2 or more insurance companies
Commercial General Liability coverage - 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
