TEXAS ALL LINES ADJUSTER
LICENSE FINAL EXAM (THE
ADJUSTER SCHOOL) 2026/2027 WITH
176 QUESTIONS AND CORRECT
ANSWERS RATED A+
Appraisal
What is the process when an insurer and an insured have a dispute regarding the
amount of the damage?
Meditation
Appraisal
Resolution
Arbitration
Third-Party Loss
What is the situation involving a person other than an insured?
Peril
Hazard
Third Party Loss
First Party Loss
Replacement Cost
What is the cost associated with replacing property at current market prices?
Replacement Cost
Market Value
Agreed Value
Actual Cash Value
Comparative Negligence
What is a partial legal defense that reduces the amount of damages that a person
can recover based upon the amount that this person's own negligence
contributed to the loss?
,Contributory Negligence
Comparative Negligence
Assumption of Risk
Attractive Nuisance
$5,000
Mary has a Homeowner's policy. Her Coverage A limit of liability is $250,000 and
her Coverage B limit of liability is $125,000. Her policy has a 2% deductible. What
is her deductible?
$3,750
$2,500
$1,250
$5,000
Uninsured Motorist
This type of Auto Coverage pays for your damages if you were involved in a hit-
and-run:
Uninsured Motorist
Comprehensive
Liability
Collison
Liability
What is the responsibility to another for one's negligence?
Hazard
Liability
Risk
Negligence
Deductible
The amount the insured must pay in a loss before any payment is due is known
as:
Loss Ratio
Deductible
, Premium
Surcharge
Conditions
The part of the insurance policy that details the rights and duties of the insured
and the insurance company in the policy:
Definitions
Exclusions
Endorsements
Conditions
Occurrence
An event that results in an insured loss and damages:
Risk
Peril
Occurrence
Hazard
Distributive
What is the type of negotiation that is also sometimes called positional or hard-
bargaining negotiation?
Avoiding
Distributive
Integrative
Competing
Actual Cash Value
What is the value of your property, based on the current cost to replace it minus
depreciation?
Negligence
What is the failure to use a degree of care that which an ordinary person of
reasonable prudence would use under similar circumstances?
Policy Period
LICENSE FINAL EXAM (THE
ADJUSTER SCHOOL) 2026/2027 WITH
176 QUESTIONS AND CORRECT
ANSWERS RATED A+
Appraisal
What is the process when an insurer and an insured have a dispute regarding the
amount of the damage?
Meditation
Appraisal
Resolution
Arbitration
Third-Party Loss
What is the situation involving a person other than an insured?
Peril
Hazard
Third Party Loss
First Party Loss
Replacement Cost
What is the cost associated with replacing property at current market prices?
Replacement Cost
Market Value
Agreed Value
Actual Cash Value
Comparative Negligence
What is a partial legal defense that reduces the amount of damages that a person
can recover based upon the amount that this person's own negligence
contributed to the loss?
,Contributory Negligence
Comparative Negligence
Assumption of Risk
Attractive Nuisance
$5,000
Mary has a Homeowner's policy. Her Coverage A limit of liability is $250,000 and
her Coverage B limit of liability is $125,000. Her policy has a 2% deductible. What
is her deductible?
$3,750
$2,500
$1,250
$5,000
Uninsured Motorist
This type of Auto Coverage pays for your damages if you were involved in a hit-
and-run:
Uninsured Motorist
Comprehensive
Liability
Collison
Liability
What is the responsibility to another for one's negligence?
Hazard
Liability
Risk
Negligence
Deductible
The amount the insured must pay in a loss before any payment is due is known
as:
Loss Ratio
Deductible
, Premium
Surcharge
Conditions
The part of the insurance policy that details the rights and duties of the insured
and the insurance company in the policy:
Definitions
Exclusions
Endorsements
Conditions
Occurrence
An event that results in an insured loss and damages:
Risk
Peril
Occurrence
Hazard
Distributive
What is the type of negotiation that is also sometimes called positional or hard-
bargaining negotiation?
Avoiding
Distributive
Integrative
Competing
Actual Cash Value
What is the value of your property, based on the current cost to replace it minus
depreciation?
Negligence
What is the failure to use a degree of care that which an ordinary person of
reasonable prudence would use under similar circumstances?
Policy Period
