TEXAS ALL-LINES ADJUSTER SELF-STUDY TERMS FOR 360 TRAINING TEST (POSSIBLE) QUESTIONS AND CORRECT ANSWERS

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TEXAS ALL-LINES ADJUSTER SELF-STUDY TERMS FOR 360 TRAINING TEST (POSSIBLE) QUESTIONS AND CORRECT ANSWERS

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TEXAS ALL-LINES ADJUSTER SELF-STUDY TERMS FOR 360 TRAINING TEST (POSSIBLE) QUESTIONS AND CORRECT ANSWERS

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TEXAS ALL-LINES ADJUSTER SELF-
STUDY TERMS FOR 360 TRAINING TEST
(POSSIBLE) QUESTIONS AND CORRECT
ANSWERS

ArbitrationA2-A2Ans--
AA2processA2underA2whichA2twoA2partiesA2(theA2insuredA2andA2theA2insuranceA2company)A
2canA2settleA2aA2claimA2disputeA2withoutA2theA2needA2toA2goA2toA2court.A2ThreeA2Arbitrator
sA2hearA2argumentsA2fromA2bothA2partiesA2andA2setA2theA2amountA2thatA2shouldA2beA2paid
A2underA2theA2claim.A2TheA2determinationA2madeA2byA2theA2ArbitratorsA2mayA2orA2mayA2no
tA2beA2binding.

AssumptionA2ofA2RiskA2-A2Ans--
IsA2aA2legalA2defenseA2inA2aA2negligenceA2claim.A2IfA2theA2injuredA2partyA2undertookA2anA2
activityA2knownA2toA2involveA2riskA2(skydiving,A2forA2example)A2itA2mayA2beA2difficultA2forA2t
heA2personA2toA2collectA2damagesA2ifA2theyA2areA2injured.

BaileeA2-A2Ans--
AnA2individualA2orA2companyA2thatA2hasA2care,A2custodyA2orA2controlA2ofA2someoneA2else'
sA2valuableA2property.

BettermentsA2andA2ImprovementsA2-A2Ans--
ProtectionA2generallyA2providedA2tenantsA2againstA2lossA2toA2additionsA2orA2changesA2ma
deA2atA2theirA2ownA2expenseA2thatA2enhancesA2theA2valueA2ofA2theA2propertyA2theyA2occu
py.

BoilerA2andA2MachineryA2moreA2commonlyA2knownA2asA2EquipmentA2BreakdownA2Cover
age.A2-A2Ans--
AA2policyA2orA2coverageA2formA2designedA2toA2coverA2damageA2occurringA2toA2andA2dama
geA2occurringA2fromA2aA2BoilerA2orA2otherA2pieceA2ofA2machinery.A2OnlyA2suddenA2andA2ac
cidentalA2damageA2isA2covered.

BreachA2ofA2DutyA2-A2Ans--FailureA2toA2useA2aA2reasonableA2standardA2ofA2care

BuildersA2RiskA2-A2Ans--
AA2coverageA2formA2forA2commercialA2propertiesA2thatA2providesA2coverageA2forA2aA2buildi
ngA2underA2construction.A2ItA2coversA2theA2building,A2theA2foundation,A2andA2anyA2supplie
sA2andA2equipmentA2thatA2willA2becomeA2aA2partA2ofA2theA2building.A2CoverageA2isA2provid
edA2withinA2theA2structureA2orA2withinA2100A2feetA2ofA2theA2structure.

BurglaryA2-A2Ans--
AsA2definedA2inA2aA2CommercialA2CrimeA2Policy,A2BurglaryA2isA2theA2takingA2ofA2propertyA

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