TEXAS ALL LINES ADJUSTER COMPREHENSIVE TEST 2023/2024 NEW UPDATE!! (QUESTIONS AND VERIFIED ANSWERS) 100% CORRECT ANSWERS

TEXAS ALL LINES ADJUSTER COMPREHENSIVE TEST 2023/2024 NEW UPDATE!! (QUESTIONS AND VERIFIED ANSWERS) 100% CORRECT ANSWERS 1. An insured is covered under a Commercial Property policy with the special cause of loss form attached. The insured suffers a loss to some valuable papers and records pertinent to his business. Which of the following statements is correct about how this loss will be covered? ~ Answer: It will be covered if the loss was caused by one of the broad form perils. 2. What type of bond guarantees that if a bid is accepted, the bidder will satisfy further bonding requirements? ~ Answer: A bid bond 3. All of the following statements are TRUE regarding Section II - Liability of the Garage Coverage form, EXCEPT ~ Answer: Provides coverage when an employee causes damage to a customer's vehicle 4. The "removal coverage" of the Standard Fire policy is ~ Answer: Is extremely broad and will cover the removal expense for five days and beyond if an extension is arranged with the insurance company 5. Commercial inland marine policies require the insured to submit a signed, sworn statement of loss ~ Answer: Within 60 days of the insurer requesting it 6. If the Standard Fire policy is issued with the extended coverage endorsement attached, coverage will be provided for all of the following, EXCEPT ~ Answer: Law and Ordinance 7. Ocean marine protection and indemnity (P&I) coverage usually insures the ship owner against liability for all of the following EXCEPT ~ Answer: Damage to or loss of another ship caused by a negligent collision 8. The "Other States" coverage of a workers' compensation policy provides coverage ~ Answer: When employees are working only in those states listed on the Declarations page of the policy 9. Which of the following is NOT considered to be "personal effects" under the additional coverage of a standard personal watercraft policy? ~ Answer: Money