Texas All-Lines Adjuster course Final Exam with 100% correct answers

A severe thunderstorm damaged a policyholder's residence. He called and asked how long it would be before he receives payment for his claim. Which of the following would NOT be an appropriate response? We have 6 months to reach a final settlement with you. Janelle has just graduated college and is interested in becoming an adjuster. she would like to be able to handle any type of claim. The most comprehensive type of license would be: All-Lines Jack and Rebecca own a vacation home on Galveston Island which they have insured under an HO-3 policy. After a week long winter ski trip to Aspen, they return home to find their house burglarized and their 50" TV, computer equipment, jewelry, a valuable gun collection and some fishing equipment stolen. How would their HO-3 policy respond to this loss? The entire theft loss would be covered under Coverage C. subject the policy limits and to certain limitations. The oldest form of insurance known to exist is: Ocean Marine Insurance How is an injured employee's weekly compensation rate for Temporary Income Benefits (TIBS) calculated under Texas Work Comp laws? The comp rate = (AWW - Post Injury Earnings) × 70% In workers compensation, an "injury is defined to mean: personal injury or death by "accident", arising out of work performed in the course of employment. Justin is a Property adjuster for XYZ Insurance Company. He receives a claim involving the theft loss of various types of property. Justin's initial responsibility upon investigating the loss is to first determine: If coverage exists Jim is a public adjuster. He has an arrangement with a water extraction company who pays him a commission of 10% for every referral that Jim sends their way. Which of the following statements is correct? This arrangement reflects a breach of ethical conduct and a violation that could jeopardize Jim's licensure. Which of the following would NOT be covered under Coverage C Personal Property? Your 10-year old German Shepherd chokes on a bone and passes away. A tornado strikes a duplex that is insured under a Dwelling (DP-3) policy. Which of the following would NOT be covered by the Dwelling policy? Damage to another duplex right next door, also owned by the landlord. Common carriers (i.e. 18-wheelers, trains, planes, etc.) are responsible for damage to customer goods they transport EXCEPT for damages resulting from: Acts of God You have just started your career handling Texas workers' compensation claims. Which one of the following WOULD BE considered a violation of the Texas Unfair Claim Settlement Practices Act? Not responding to an employee's calls because you're overworked and the claim involves complex issues you just don't feel like addressing. Which type of bond would be used to cover the exposure to employee theft? Fidelity bond Garrett wants a Texas All Lines Adjuster's license. Which of the following actions will be necessary for Garrett to secure such a license? Pass a state qualifying exam or pre-licensing course that is certified by the Texas Department of Insurance that includes an approved, comprehensive final examination of 150 questions, and attach the Certificate of Completion to an application for licensure. The DP.3 Dwelling form is an "Open Risk" policy. This means that: All risks of direct physical loss are covered unless they are excluded