Texas Adjuster License (With correct answers)

Texas Department of Insurance correct answers Governing body regulating insurance companies and personnel. Commissioner correct answers The head of the state department of insurance. 2 years correct answers Length of appointment for insurance commissioner. Line correct answers The type of insurance Texas Governor correct answers Appoints the commissioner. Property and Casualty Adjuster correct answers Adjusts or supervises claims in all lines of P&C except workers' comp. Workers' Compensation Adjuster correct answers Adjusts or supervises all workers' compensation claims. Staff Adjuster correct answers Adjusters on the payroll of an insurance company; hourly or salary. Independent Adjuster correct answers Paid fees to handle claims for one or more insurance companies. Public Adjuster correct answers A person hired by the insured to settle the claim with the insurance company on their behalf. The commissioner audits insurance companies at least ___________ correct answers Every five years Case Law correct answers court decisions that establish precedent principles First Party correct answers The insured. Second party correct answers The insurer. third party correct answers An party making a claim through an insured's liability coverage; not a party to the insurance contract. Indemnity correct answers A principle of insurance which provides that when a loss occurs, the insured should be restored to the approximate financial condition occupied before the loss occurred, no better, no worse. Perils correct answers Causes of loss insured against in an insurance policy.