Texas Adjuster Exam Questions and Answers Latest Updated 2024

If an automobile policy has split limits of 30/60/25. What is the maximum amount of liability coverage that would be paid in a covered loss where three people are involved. - correct answer-$30,000 Which of the following statements best describes an inland marine policy? - correct answer-Pertains to Cargo with no fixed location Alex is traveling through College Station and hits a deer, and the damages are $1500. He has comprehensive coverage with a $500 deductible. What will you pay? - correct answer-$1000 This department is responsible for making rates and determines the rates charged by the insurer - correct answer-Actuarial department Johnny has 30/60/25 limits on his auto policy, and he negligently ran into a parked car driven by Steve Garcia. What is the maximum amount of coverage that can be provided for the damage to Steve's car? - correct answer-25,000 Your customer has HO-B homeowners policy with a Coverage A limit os $300,000. His mortgage payment is $1,400 per month. He can't stay in his home for 1 month due to a claim that was caused by smoke. He is staying in a local hotel for 1 month. The cost of the hotel is $900 for the moth. How much will you pay your policyholder for Additional Living Expenses - correct answer-$900 Insurance for ocean vessels is the ______ type of insurance? - correct answer-oldest Your insured has a ho