TEXAS ALL LINES ADJUSTER LICENSE EXAM 2023/2024 LATEST!! (More than 150 QUESTIONS AND VERIFIED ANSWERS) 100% CORRECT ANSWERS

TEXAS ALL LINES ADJUSTER LICENSE EXAM 2023/2024 LATEST!! (More than 150 QUESTIONS AND VERIFIED ANSWERS) 100% CORRECT ANSWERS 1. This inland marine floater provides all risk coverage on personal items such as furs, silverware, jewelry, and camera? ~ Answer: Personal effects floater 2. Newly acquired jewelry watches furs cameras and similar items are automatically covered for how many days? ~ Answer: 30 days at actual cash value up to 10k or 25% of policy 3. This type of inland marine policy provides protects the shipper or receiver of goods against loss to goods in transit. ~ Answer: Annual transit policy 4. What is the legal principle of maritime law according to which all parties in a sea venture proportionally share any losses resulting from a voluntary sacrifice of part of the ship or cargo to save the whole in an emergency ~ Answer: General average losses 5. This type of business income insurance that covers the shipping profit ~ Answer: Freight insurance 6. What is the oldest form of insurance? ~ Answer: Ocean marine 7. This protect the ship owner from the consequences of his agents negligent acts? ~ Answer: Protection and indemnity 8. This is a covered peril involving the act of voluntary throwing cargo or portions of the ship overboard to save the vessel from sinking or suffering other damage ~ Answer: Jettison 9. This clause states that in the event of loss the policyholder or it representative is permitted and obligated to take action to prevent limit or reduce the loss? ~ Answer: Sue and labor clause 10. Manmade causes of loss that occur on board a ship during ocean travel ~ Answer: Perils on the sea 11. Fraud or other criminal acts committed by the ships captain or crew that result in a loss to the ship or its cargo