Claims Adjuster Exam Questions And Answers 2024

Claims Adjuster Exam Questions And Answers 2024 Multi Peril-Package - ANSWER Any policy which provides property & liability coverage (not homeowner) ISO policy - ANSWER Sold in Texas, but not Texas form Only Texas DP 1 - ANSWER Mainly the only TDP sold, now with plethora of endorsements Texas Standard Fire Policy - ANSWER Granddaddy of all Texas property policies Business auto coverage e.g. - ANSWER Owner of a taxi to cover collision damage Inland Marine (build milk policy) would cover e.g. - ANSWER 3k gallons of milk in tanker truck Texas Standard, Standard Fire & Business Owner - ANSWER Would all cover damage to something like a gift card shop fire Tx Personal Auto Policy e.g. - ANSWER Owner of family far, for potential injury to other people Trucker's policy - ANSWER Trucking company, for potential damage to other people's trailers which the trucking company may be pulling Actual Cash Value (ACV) - ANSWER Replacement cost less depreciation Garage Liability e.g. - ANSWER For valet parking service to have appropriate liability coverage it needs what kind of policy? Flood, workers comp, crop, costal wind among others - ANSWER Types of casualty claims I will be unable to handle under license I'm studying for Ocean Marine Hull coverage - ANSWER Would have to be written for an insured to cover potential collision damage to insured's ship Covered (if it's not written) - ANSWER 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 - ANSWER 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? - ANSWER Texas started TAIPA Risk pool Minus PIP ($2,500) Uninsured/underinsured motorist coverage - ANSWER What does TAIPA provide? When can you get TAIPA - ANSWER Once you've been rejected by 2 or more insurance companies Commercial General Liability coverage - ANSWER Covers basically any risk imaginable that would "cause" bodily injury or property damage E.g. Customer slip-fall; hit by debris; escalator lurching;poison get well card Multi peril or package - ANSWER Any policy that provides both property and liability coverage