Texas All-Lines Adjuster course Final
Exam Questions With Complete
Solutions(100%verified)
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? - correct answer...✔✔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: - correct answer...✔✔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? - correct answer...✔✔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: - correct answer...✔✔Ocean Marine
Insurance
How is an injured employee's weekly compensation rate for Temporary Income Benefits
(TIBS) calculated under Texas Work
Comp laws? - correct answer...✔✔The comp rate = (AWW - Post Injury Earnings) ×
70%
In workers compensation, an "injury is defined to mean: - correct answer...✔✔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: - correct answer...✔✔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? - correct answer...✔✔This arrangement reflects a
breach of ethical conduct and a violation that could jeopardize Jim's licensure.
A GRADESOLUTIONS
,Which of the following would NOT be covered under Coverage C Personal Property? -
correct answer...✔✔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? - correct answer...✔✔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: - correct answer...
✔✔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? - correct answer...✔✔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? - correct
answer...✔✔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? - correct answer...✔✔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: - correct answer...✔
✔All risks of direct physical loss are covered unless they are excluded
Assume your home caught fire due to a faulty electrical device. and one month after the
fire you receive a bill from the fire department for $450.00 for responding to the fire.
Would this be paid under your homeowner's policy? - correct answer...✔✔Yes. It is
called Fire Department Service Charge and is an Additional Coverage provided under
the policy, limited to $500.
Generally, if an employee suffers an occupational injury and accepts workers'
compensation benefits, he or she: - correct answer...✔✔Gives up the right to sue the
employer for personal injury and pain and suffering. The employee can only make claim
for workers' compensation benefits.
Janelle has a Texas Personal Auto Policy with 30/60/25 policy limits. She hits a car with
4 occupants, all of whom are hurt.
A GRADESOLUTIONS
, They all sue. Each of the injured parties receives identical verdicts of $40,000. Under
Janelle's bodily injury liability coverage, what is the total amount that the company
would pay for the injuries to these plaintiffs? - correct answer...✔✔$60,000
A person or entity who guarantees the performance or payment of one party who is
obligated by contract to another is called a: - correct answer...✔✔Surety
If your insured were to ask you if a Dwelling policy would pay for his loss of rental
income after a fire loss while the property is being repaired. what would you tell him? -
correct answer...✔✔Yes, and it's called Fair Rental Value coverage and is available
under Coverage D.
Fred runs a convenience store that sells gasoline. One day a customer pulls away from
the pump while the gas is still pumping, breaks the pump line and causes gasoline to
escape all over the parking lot and into the storm drain. Fred files a claim under his
commercial property policy. Damage to repair the pump totals $545.00 and $257.00
worth of gasoline was pumped out before anyone noticed and stopped the pump. The
local HazMat team was called out by the authorities to clean up the parking lot and the
storm drain. Fred received a bill from the County for $12.850.00 for the clean up. He
sends the bill to you to pay. What kind of coverage is available to Fred as a commercial
property extension of coverage needed to pay this loss? - correct answer...✔✔Pollution
Clean Up and Removal
A cargo ship loaded with lumber and sailing from Seattle, Washington to Tokyo, Japan,
encountered "the perfect storm" during its trip across the Pacific Ocean. Some of the
lumber was thrown overboard to save the ship. This action is called: - correct answer...
✔✔Jettison
Roberto owns a house on Lake Conroe. The house is insured with an HO-3 policy.
During a storm, a tornado touches down and severely damages the house. Because the
house is untenable and it will take 2 months to complete repairs, Roberto moves Into a
local Marriott Residence Inn. Under which of the following coverages would Roberto be
able to recover the additional expense of the Marriott and other costs? - correct
answer...✔✔Coverage D: Loss of Use
Dwelling policies: - correct answer...✔✔provide basic property protection for individuals
who want to protect their financial interest in a property
Which of the following perils or exposure are Fidelity bonds generally used to insure
against? - correct answer...✔✔Embezzlement
To be compensable under workers' compensation laws, most jurisdictions require that
an injury: - correct answer...✔✔arise out of and in the course of employment.
A GRADESOLUTIONS
Exam Questions With Complete
Solutions(100%verified)
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? - correct answer...✔✔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: - correct answer...✔✔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? - correct answer...✔✔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: - correct answer...✔✔Ocean Marine
Insurance
How is an injured employee's weekly compensation rate for Temporary Income Benefits
(TIBS) calculated under Texas Work
Comp laws? - correct answer...✔✔The comp rate = (AWW - Post Injury Earnings) ×
70%
In workers compensation, an "injury is defined to mean: - correct answer...✔✔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: - correct answer...✔✔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? - correct answer...✔✔This arrangement reflects a
breach of ethical conduct and a violation that could jeopardize Jim's licensure.
A GRADESOLUTIONS
,Which of the following would NOT be covered under Coverage C Personal Property? -
correct answer...✔✔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? - correct answer...✔✔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: - correct answer...
✔✔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? - correct answer...✔✔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? - correct
answer...✔✔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? - correct answer...✔✔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: - correct answer...✔
✔All risks of direct physical loss are covered unless they are excluded
Assume your home caught fire due to a faulty electrical device. and one month after the
fire you receive a bill from the fire department for $450.00 for responding to the fire.
Would this be paid under your homeowner's policy? - correct answer...✔✔Yes. It is
called Fire Department Service Charge and is an Additional Coverage provided under
the policy, limited to $500.
Generally, if an employee suffers an occupational injury and accepts workers'
compensation benefits, he or she: - correct answer...✔✔Gives up the right to sue the
employer for personal injury and pain and suffering. The employee can only make claim
for workers' compensation benefits.
Janelle has a Texas Personal Auto Policy with 30/60/25 policy limits. She hits a car with
4 occupants, all of whom are hurt.
A GRADESOLUTIONS
, They all sue. Each of the injured parties receives identical verdicts of $40,000. Under
Janelle's bodily injury liability coverage, what is the total amount that the company
would pay for the injuries to these plaintiffs? - correct answer...✔✔$60,000
A person or entity who guarantees the performance or payment of one party who is
obligated by contract to another is called a: - correct answer...✔✔Surety
If your insured were to ask you if a Dwelling policy would pay for his loss of rental
income after a fire loss while the property is being repaired. what would you tell him? -
correct answer...✔✔Yes, and it's called Fair Rental Value coverage and is available
under Coverage D.
Fred runs a convenience store that sells gasoline. One day a customer pulls away from
the pump while the gas is still pumping, breaks the pump line and causes gasoline to
escape all over the parking lot and into the storm drain. Fred files a claim under his
commercial property policy. Damage to repair the pump totals $545.00 and $257.00
worth of gasoline was pumped out before anyone noticed and stopped the pump. The
local HazMat team was called out by the authorities to clean up the parking lot and the
storm drain. Fred received a bill from the County for $12.850.00 for the clean up. He
sends the bill to you to pay. What kind of coverage is available to Fred as a commercial
property extension of coverage needed to pay this loss? - correct answer...✔✔Pollution
Clean Up and Removal
A cargo ship loaded with lumber and sailing from Seattle, Washington to Tokyo, Japan,
encountered "the perfect storm" during its trip across the Pacific Ocean. Some of the
lumber was thrown overboard to save the ship. This action is called: - correct answer...
✔✔Jettison
Roberto owns a house on Lake Conroe. The house is insured with an HO-3 policy.
During a storm, a tornado touches down and severely damages the house. Because the
house is untenable and it will take 2 months to complete repairs, Roberto moves Into a
local Marriott Residence Inn. Under which of the following coverages would Roberto be
able to recover the additional expense of the Marriott and other costs? - correct
answer...✔✔Coverage D: Loss of Use
Dwelling policies: - correct answer...✔✔provide basic property protection for individuals
who want to protect their financial interest in a property
Which of the following perils or exposure are Fidelity bonds generally used to insure
against? - correct answer...✔✔Embezzlement
To be compensable under workers' compensation laws, most jurisdictions require that
an injury: - correct answer...✔✔arise out of and in the course of employment.
A GRADESOLUTIONS
