TEXAS ALL LINES ADJUSTER EXAM BRAND
NEW!! 2025 (200+ QUESTIONS AND CORRECT
ANSWERS) VERIFIED
What is the cost associated with replacing property at current market prices?
Replacement Cost
The process when an insurer and insured have a dispute regarding the amount of the damage:
Appraisal
The intentional misrepresentation of a material fact that may void a contract?
Fraud
What is the type of negotiation that is also sometimes called positional or hard-bargaining?
Distributive
An event that results in an insured loss and damages?
Occurrence
What is the failure to use that degree of care which n ordinary person of reasonable prudence would
use under similar circumstances?
Negligence
,What is a situation involving a person other than an insured?
Third Party Loss
What is the responsibility to another for one's negligence? Liability
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? $5,000
The part of the insurance policy that details the rights and duties of the insured and the insurance
company in the policy?
Conditions
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?
Comparative Negligence
Value of property based on the current cost to replace it minus depreciation?
Actual Cash Vale
This type of Auto Coverage pays for your damages if you were involved in a hit and run:
Uninsured Motorist
,What is the period a policy is in force, from the beginning or effective date?
Policy Period
The amount the insured must pay in a loss before any payment is due?
Deductible
The insurer must review the claim and accept or reject within how many days?
15 calendar
Oral or written false statement that is malicious
Defamation
Time requirements does the policy holder have to complete the requirements that the insurer has
requested?
No requirements
Days for insurer to pay the claim
5 business
Insurer must acknowledge the claim begin the investigation, and request all the information needed in
what time frame?
15 Calendar days
, What must an insurer provide for the declination, cancellation, or nonrenewal of an insurance policy?
Written Statement
Established in 1991 to ensure prompt payment of insurance claims?
Article 21.55
An insurer may not consider a _______ as a basis for declination?
Customer Inquiry
An insurer may refuse to renew a policy if the insurer has mailed notice of nonrenewal to the insured at
least_____ days before the policy's expiration date?
30
If the insurer needs additional time to evaluate and investigate a claim, they can request how many
additional days?
45 Calendar Days
Under the Texas HO-B, the structure is covered for what type of losses?
All risk of physical loss, unless excluded
Under the Texas HO-B, jewelry, watches, and furs are limited to?
$500 for losses caused by theft
NEW!! 2025 (200+ QUESTIONS AND CORRECT
ANSWERS) VERIFIED
What is the cost associated with replacing property at current market prices?
Replacement Cost
The process when an insurer and insured have a dispute regarding the amount of the damage:
Appraisal
The intentional misrepresentation of a material fact that may void a contract?
Fraud
What is the type of negotiation that is also sometimes called positional or hard-bargaining?
Distributive
An event that results in an insured loss and damages?
Occurrence
What is the failure to use that degree of care which n ordinary person of reasonable prudence would
use under similar circumstances?
Negligence
,What is a situation involving a person other than an insured?
Third Party Loss
What is the responsibility to another for one's negligence? Liability
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? $5,000
The part of the insurance policy that details the rights and duties of the insured and the insurance
company in the policy?
Conditions
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?
Comparative Negligence
Value of property based on the current cost to replace it minus depreciation?
Actual Cash Vale
This type of Auto Coverage pays for your damages if you were involved in a hit and run:
Uninsured Motorist
,What is the period a policy is in force, from the beginning or effective date?
Policy Period
The amount the insured must pay in a loss before any payment is due?
Deductible
The insurer must review the claim and accept or reject within how many days?
15 calendar
Oral or written false statement that is malicious
Defamation
Time requirements does the policy holder have to complete the requirements that the insurer has
requested?
No requirements
Days for insurer to pay the claim
5 business
Insurer must acknowledge the claim begin the investigation, and request all the information needed in
what time frame?
15 Calendar days
, What must an insurer provide for the declination, cancellation, or nonrenewal of an insurance policy?
Written Statement
Established in 1991 to ensure prompt payment of insurance claims?
Article 21.55
An insurer may not consider a _______ as a basis for declination?
Customer Inquiry
An insurer may refuse to renew a policy if the insurer has mailed notice of nonrenewal to the insured at
least_____ days before the policy's expiration date?
30
If the insurer needs additional time to evaluate and investigate a claim, they can request how many
additional days?
45 Calendar Days
Under the Texas HO-B, the structure is covered for what type of losses?
All risk of physical loss, unless excluded
Under the Texas HO-B, jewelry, watches, and furs are limited to?
$500 for losses caused by theft
