TEXAS ALL LINES ADJUSTER EXAM QUESTION BANK LATEST ALL WITH 650 QUESTIONS AND CORRECT DETAILED SOLUTIONS JUST RELEASED THIS YEAR

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TEXAS ALL LINES ADJUSTER EXAM STUDY GUIDE
WITH COMPLETE 650 QUESTIONS AND WELL
ELABORATED ANSWERS JUST RELEASED

QUESTION: Penalties for insurer's who delay paying claims beyond ___________ days unless
delay is authorized by TX law. - ANSWER✔✔60 days




QUESTION: How many days does the insurer have to send a check once they agree to pay the
claim? - ANSWER✔✔5 business days




QUESTION: The deceptive trade practices act prevents insurers from refusing a policy renewal
based on? - ANSWER✔✔1. Age

2. Sex

3. Religion




QUESTION: A carrier can refuse renewal of a policy due to _________ non weather related
claims in ______________ years or less. - ANSWER✔✔3 & 3




QUESTION: Home Owners - A provides coverage A (structure) and Coverage B (personal
property contents) on a ________________________. - ANSWER✔✔Names Peril

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QUESTION: Home owners - B provides coverage A (structure) for ___________________, unless
specifically excluded and coverage B (personal property contents) on a names peril basis. -
ANSWER✔✔All risk




QUESTION: Coverage A (dwelling) has a _____________ % of coverage A limit of liability for
other structure. - ANSWER✔✔10%




QUESTION: Coverage B (Personal Property Contents) provides: - ANSWER✔✔1. Coverage of
property anywhere in the world

2. Special limits on certain property, ie theft




QUESTION: Special Limist of Liability:

1. Cash is limited to _____________.

2. Jewelry theft loss limited to __________________. - ANSWER✔✔1. $500; if you have over
$500 that is stolen, you still only get $500.

2. $1000 max for 1 article stolen / $2500 max for more than 1 article stolen.




QUESTION: Coverage C protects against _______________________. - ANSWER✔✔Personal
Liability

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QUESTION: Coverage D protects against __________________________. - ANSWER✔✔Medical
payment to others




QUESTION: Animals or birds owned or kept by an insured or occupants of the premises are
covered under _______________________________________. - ANSWER✔✔Exclusions (birds
and animals are not covered)




QUESTION: Fire, Hurricane, Wind storm, theft are examples of what? - ANSWER✔✔Peril




QUESTION: What part of the policy do you find a persons name and locations? -
ANSWER✔✔Dec page




QUESTION: Ending a policy before a renewal date is known as ______________________. -
ANSWER✔✔Cancellation




QUESTION: Special limit only applies to ______________________? - ANSWER✔✔Theft




QUESTION: Guarantee and makes sure an obligation is met is what? - ANSWER✔✔Surety Bond




QUESTION: What do endorsements do on a policy? - ANSWER✔✔Add coverage to the policy

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QUESTION: What is indemnity? - ANSWER✔✔To hold harmless. Transferring your risk to an
insurance policy.




QUESTION: What are losses:

1. Direct loss

2. Indirect loss

3. Consequential loss

4. Liability loss - ANSWER✔✔1. Direct Loss: actual physical loss

2. Indirect loss: cannot use property due to loss.

3. Loss due to spoilage such as food.

4. loss to a 3rd party




QUESTION: What is additional living expense ALE? - ANSWER✔✔If residence premises wholly
or partially uninhabitable then ALE meaning increase in living expenses. Limits of liability for ALE
is 20% of Coverage A.




QUESTION: Max coverage for trees, shrubs, etc? - ANSWER✔✔Max coverage limit is 5% of
coverage A subject also to $1000 per tree, shrub and plant. Loss due to fire, lightning, explosion,
aircraft, vehicles not owned by residents, vandalism mischief, riot