Texas All Lines Adjuster License Final
Exam (The Adjuster School)
Uninsured Motorist - correct answer ✔✔This type of Auto Coverage pays for your damages if
you were involved in a hit-and-run:
Uninsured Motorist
Comprehensive
Liability
Collison
Liability - correct answer ✔✔What is the responsibility to another for one's negligence?
Hazard
Liability
Risk
Negligence
Deductible - correct answer ✔✔The amount the insured must pay in a loss before any payment
is due is known as:
Loss Ratio
Deductible
Premium
Surcharge
Conditions - correct answer ✔✔The part of the insurance policy that details the rights and
duties of the insured and the insurance company in the policy:
Definitions
,Exclusions
Endorsements
Conditions
Occurrence - correct answer ✔✔An event that results in an insured loss and damages:
Risk
Peril
Occurrence
Hazard
Distributive - correct answer ✔✔What is the type of negotiation that is also sometimes called
positional or hard-bargaining negotiation?
Avoiding
Distributive
Integrative
Competing
Actual Cash Value - correct answer ✔✔What is the value of your property, based on the current
cost to replace it minus depreciation?
Negligence - correct answer ✔✔What is the failure to use a degree of care that which an
ordinary person of reasonable prudence would use under similar circumstances?
Appraisal - correct answer ✔✔What is the process when an insurer and an insured have a
dispute regarding the amount of the damage?
Meditation
Appraisal
,Resolution
Arbitration
Third-Party Loss - correct answer ✔✔What is the situation involving a person other than an
insured?
Peril
Hazard
Third Party Loss
First Party Loss
Replacement Cost - correct answer ✔✔What is the cost associated with replacing property at
current market prices?
Replacement Cost
Market Value
Agreed Value
Actual Cash Value
Comparative Negligence - correct answer ✔✔What is a partial legal defense that reduces the
amount of damages that a person can recover based upon the amount that this person's own
negligence contributed to the loss?
Contributory Negligence
Comparative Negligence
Assumption of Risk
Attractive Nuisance
$5,000 - correct answer ✔✔Mary has a Homeowner's policy. Her Coverage A limit of liability is
$250,000 and her Coverage B limit of liability is $125,000. Her policy has a 2% deductible. What
is her deductible?
, $3,750
$2,500
$1,250
$5,000
Policy Period - correct answer ✔✔What is the period a policy is in force, from the beginning or
effective date to the expiration date?
Coverage A - correct answer ✔✔What Homeowner's coverage policy protects against
loss/damages to a home or dwelling?
Coverage B - correct answer ✔✔What Homeowner's coverage policy protects against
loss/damages to other structures?
Coverage C - correct answer ✔✔What Homeowner's coverage policy protects against
loss/damages to personal property?
Coverage D - correct answer ✔✔What Homeowner's coverage policy covers additional living
expenses?
Coverage E - correct answer ✔✔What Homeowner's coverage policy covers comprehensive
personal liability?
Coverage F - correct answer ✔✔What Homeowner's coverage policy covers medical expenses?
15 Business Days - correct answer ✔✔Once the insurer receives all of the information that they
have requested from the policyholder, the insurer must review the claim, and accept or reject it
with how many days?
15 Calendar days
Exam (The Adjuster School)
Uninsured Motorist - correct answer ✔✔This type of Auto Coverage pays for your damages if
you were involved in a hit-and-run:
Uninsured Motorist
Comprehensive
Liability
Collison
Liability - correct answer ✔✔What is the responsibility to another for one's negligence?
Hazard
Liability
Risk
Negligence
Deductible - correct answer ✔✔The amount the insured must pay in a loss before any payment
is due is known as:
Loss Ratio
Deductible
Premium
Surcharge
Conditions - correct answer ✔✔The part of the insurance policy that details the rights and
duties of the insured and the insurance company in the policy:
Definitions
,Exclusions
Endorsements
Conditions
Occurrence - correct answer ✔✔An event that results in an insured loss and damages:
Risk
Peril
Occurrence
Hazard
Distributive - correct answer ✔✔What is the type of negotiation that is also sometimes called
positional or hard-bargaining negotiation?
Avoiding
Distributive
Integrative
Competing
Actual Cash Value - correct answer ✔✔What is the value of your property, based on the current
cost to replace it minus depreciation?
Negligence - correct answer ✔✔What is the failure to use a degree of care that which an
ordinary person of reasonable prudence would use under similar circumstances?
Appraisal - correct answer ✔✔What is the process when an insurer and an insured have a
dispute regarding the amount of the damage?
Meditation
Appraisal
,Resolution
Arbitration
Third-Party Loss - correct answer ✔✔What is the situation involving a person other than an
insured?
Peril
Hazard
Third Party Loss
First Party Loss
Replacement Cost - correct answer ✔✔What is the cost associated with replacing property at
current market prices?
Replacement Cost
Market Value
Agreed Value
Actual Cash Value
Comparative Negligence - correct answer ✔✔What is a partial legal defense that reduces the
amount of damages that a person can recover based upon the amount that this person's own
negligence contributed to the loss?
Contributory Negligence
Comparative Negligence
Assumption of Risk
Attractive Nuisance
$5,000 - correct answer ✔✔Mary has a Homeowner's policy. Her Coverage A limit of liability is
$250,000 and her Coverage B limit of liability is $125,000. Her policy has a 2% deductible. What
is her deductible?
, $3,750
$2,500
$1,250
$5,000
Policy Period - correct answer ✔✔What is the period a policy is in force, from the beginning or
effective date to the expiration date?
Coverage A - correct answer ✔✔What Homeowner's coverage policy protects against
loss/damages to a home or dwelling?
Coverage B - correct answer ✔✔What Homeowner's coverage policy protects against
loss/damages to other structures?
Coverage C - correct answer ✔✔What Homeowner's coverage policy protects against
loss/damages to personal property?
Coverage D - correct answer ✔✔What Homeowner's coverage policy covers additional living
expenses?
Coverage E - correct answer ✔✔What Homeowner's coverage policy covers comprehensive
personal liability?
Coverage F - correct answer ✔✔What Homeowner's coverage policy covers medical expenses?
15 Business Days - correct answer ✔✔Once the insurer receives all of the information that they
have requested from the policyholder, the insurer must review the claim, and accept or reject it
with how many days?
15 Calendar days
