licensing Practice Exam Solved
100% Correct
Which regulatory body handles violations of related insurance issues
only? - ,,,,answer,,..Texas Insurance Code (TIC)
What license carries the minimum requirements to handle homeowner's
claims? - ,,,,answer,,..Property, Casualty & Surety
30% of the questions on the license exam are considered "Knowledge-
based" questions. What are the remaining 70% considered? -
,,,,answer,,..Application-based
Most Workers' Compensation policies have what type of policy limit? -
,,,,answer,,..None
Which one of the following penalties or remedies is not valid under the
DTPA? - ,,,,answer,,..Locked in the same room alone with an adjuster
Which one of the following is not a qualification to become an adjuster? -
,,,,answer,,..Have an MBA in insurance
If your adjusters license has not been renewed and the current date is 6
months past the actual renewal date, what must you do to obtain a
license? - ,,,,answer,,..Re-apply for an adjuster's license & pay a 50%
penalty
,An Emergency Adjuster is valid for 90 days with an allowable ______
extension. - ,,,,answer,,..90 day
When must a licensed adjuster renew his/her adjuster's license in Texas?
- ,,,,answer,,..2 years from your birthday after receiving your initial license
In the mid 1990's Insurer's shifted focus on claims handling from field
adjusting to in-office adjusting. This change in claims handling was known
as ___________________. - ,,,,answer,,..Claim Centralization
An unlicensed adjuster may work under a licensed adjuster for how long
before being required to obtain a valid adjuster's license? -
,,,,answer,,..12 months
Every licensed adjuster must notify the commissioner when they move
their place of business. In what time period must the licensee notify the
commissioner? - ,,,,answer,,..Promptly
When the dealers negotiated an agreement on purchasing drugs, they
were of age & there was a monetary exchange. Which of the following
nullify this transaction as a 'contract'? - ,,,,answer,,..Legal offer &
acceptance
What is the minimum amount of Continuing Education (CE) hours
required to renew your Texas All-Lines Adjuster License? - ,,,,answer,,..24
hours
Which of the following is not allowed to handle property or auto claims for
an insurance carrier? - ,,,,answer,,..Public Adjuster
In Worker's Compensation, what is utilized to monitor the frequency of
medical visits? - ,,,,answer,,..Utilization Reviews
, Which of the following is a Worker's Compensation regulatory entity? -
,,,,answer,,..Texas Worker's Compensation Comission
What is the legal age to become a competent party to a contract? -
,,,,answer,,..18
Which of the following is allowed to handle property claims for an
insurance carrier? - ,,,,answer,,..An individual who as an employee of an
insurance company supervises the handling of claims
What does IME stand for? - ,,,,answer,,..Independent Medical
Examination
Which of the following is not a source of legal liability? - ,,,,answer,,..Peril
What is the TIC? - ,,,,answer,,..Texas Insurance Code
An individual who investigates or adjusts losses or supervises the
handling of claims. - ,,,,answer,,..Adjuster
Current Chapters 541 & 542 of the TIC were once recognized as what
Article? - ,,,,answer,,..21.21
An adjuster that works exclusively for an insurance company. -
,,,,answer,,..Staff Adjuster
What is the time limit for completion of the Texas All-Lines Adjuster Exam?
- ,,,,answer,,..180 minutes
Which of the following in not a 'Compensatory Damage'? -
,,,,answer,,..Money to punish the wrong-doer