Claims Adjuster Exam Question &
Answers ( Latest update)
Multi Peril-Package - CORRECT ANSWERS ✔✔Any
policy which provides property & liability coverage (not
homeowner)
ISO policy - CORRECT ANSWERS ✔✔Sold in Texas,
but not Texas form
Only Texas DP 1 - CORRECT ANSWERS ✔✔Mainly the
only TDP sold, now with plethora of endorsements
Texas Standard Fire Policy - CORRECT ANSWERS
✔✔Granddaddy of all Texas property policies
Business auto coverage e.g. - CORRECT ANSWERS
✔✔Owner of a taxi to cover collision damage
Inland Marine (build milk policy) would cover e.g. -
CORRECT ANSWERS ✔✔3k gallons of milk in tanker
truck
Texas Standard, Standard Fire & Business Owner -
CORRECT ANSWERS ✔✔Would all cover damage to
something like a gift card shop fire
,Claims Adjuster Exam Question &
Answers ( Latest update)
Tx Personal Auto Policy e.g. - CORRECT ANSWERS
✔✔Owner of family far, for potential injury to other people
Trucker's policy - CORRECT ANSWERS ✔✔Trucking
company, for potential damage to other people's trailers
which the trucking company may be pulling
Actual Cash Value (ACV) - CORRECT ANSWERS
✔✔Replacement cost less depreciation
Garage Liability e.g. - CORRECT ANSWERS ✔✔For
valet parking service to have appropriate liability
coverage it needs what kind of policy?
Flood, workers comp, crop, costal wind among others -
CORRECT ANSWERS ✔✔Types of casualty claims I
will be unable to handle under license I'm studying for
Ocean Marine Hull coverage - CORRECT ANSWERS
✔✔Would have to be written for an insured to cover
potential collision damage to insured's ship
, Claims Adjuster Exam Question &
Answers ( Latest update)
Covered (if it's not written) - CORRECT ANSWERS
✔✔It's safe to assume that if something is not excluded in
writing it's appropriate to assume that the loss is?
15/15/5 rule - CORRECT ANSWERS ✔✔15 calendar
days to send notice you received claim
15 business days to resolve case
5 days to pay claim (if applicable)
Options for High Risk Drivers? - CORRECT ANSWERS
✔✔Texas started TAIPA
Risk pool
Minus PIP ($2,500)
Uninsured/underinsured motorist coverage - CORRECT
ANSWERS ✔✔What does TAIPA provide?
When can you get TAIPA - CORRECT ANSWERS
✔✔Once you've been rejected by 2 or more insurance
companies
Answers ( Latest update)
Multi Peril-Package - CORRECT ANSWERS ✔✔Any
policy which provides property & liability coverage (not
homeowner)
ISO policy - CORRECT ANSWERS ✔✔Sold in Texas,
but not Texas form
Only Texas DP 1 - CORRECT ANSWERS ✔✔Mainly the
only TDP sold, now with plethora of endorsements
Texas Standard Fire Policy - CORRECT ANSWERS
✔✔Granddaddy of all Texas property policies
Business auto coverage e.g. - CORRECT ANSWERS
✔✔Owner of a taxi to cover collision damage
Inland Marine (build milk policy) would cover e.g. -
CORRECT ANSWERS ✔✔3k gallons of milk in tanker
truck
Texas Standard, Standard Fire & Business Owner -
CORRECT ANSWERS ✔✔Would all cover damage to
something like a gift card shop fire
,Claims Adjuster Exam Question &
Answers ( Latest update)
Tx Personal Auto Policy e.g. - CORRECT ANSWERS
✔✔Owner of family far, for potential injury to other people
Trucker's policy - CORRECT ANSWERS ✔✔Trucking
company, for potential damage to other people's trailers
which the trucking company may be pulling
Actual Cash Value (ACV) - CORRECT ANSWERS
✔✔Replacement cost less depreciation
Garage Liability e.g. - CORRECT ANSWERS ✔✔For
valet parking service to have appropriate liability
coverage it needs what kind of policy?
Flood, workers comp, crop, costal wind among others -
CORRECT ANSWERS ✔✔Types of casualty claims I
will be unable to handle under license I'm studying for
Ocean Marine Hull coverage - CORRECT ANSWERS
✔✔Would have to be written for an insured to cover
potential collision damage to insured's ship
, Claims Adjuster Exam Question &
Answers ( Latest update)
Covered (if it's not written) - CORRECT ANSWERS
✔✔It's safe to assume that if something is not excluded in
writing it's appropriate to assume that the loss is?
15/15/5 rule - CORRECT ANSWERS ✔✔15 calendar
days to send notice you received claim
15 business days to resolve case
5 days to pay claim (if applicable)
Options for High Risk Drivers? - CORRECT ANSWERS
✔✔Texas started TAIPA
Risk pool
Minus PIP ($2,500)
Uninsured/underinsured motorist coverage - CORRECT
ANSWERS ✔✔What does TAIPA provide?
When can you get TAIPA - CORRECT ANSWERS
✔✔Once you've been rejected by 2 or more insurance
companies
