Social Sciences Business Insurance
TEXAS ALL LINES ADJUSTER EXAM BRAND NEW!! (200+
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Which of the following are the Texas Workers Lifetime Income Benefits (LIBs) only
Compensation benefits that are increased by a cost-of-
living adjustment (COLAs)
Surplus Lines companies in Texas have to acknowledge 30 Days
the receipt of a claim.
All of the following are characteristics of a principal that a Consideration.
surety will scrutinize during the underwriting process,
EXCEPT:
Under Section Il of a Homeowners policy, a cemetery An insured location.
plot owned by the insured is considered to be:
Which of the following is NOT one of the four major Seaworthiness.
coverages of an Ocean Marine policy?
Hannah must take time away from work to help assist in $250 per day.
the investigation of a claim that was made against her
BOP policy. The policy will pay for Hannah's actual loss of
earnings up to:
, A ship has suffered damage and sunk. Which of the hull insurance
following would respond to cover the loss of the ship?
As a fiduciary agent, an adjuster has the power to bind Only an adjuster's written statements can legally bind an insurer.
the insurer. Which of the following statements is FALSE
regarding this power?
The standardized Dwelling forms consider all eruptions 72 Hours
of a volcano within a _period to be a single "occurrence".
Whose responsibility is it to complete a "proof of loss"? The claimant
Which of the following would NOT be determined by a The type and amount of damages that will be paid to a plaintiff for the claim that
court when an insurer has filed a declaratory judgment is being disputed.
action?
Which of the following statements is TRUE regarding the The coverage is not additional insurance and does not increase the limits of the
Homeowners "additional coverage" known as Landlord's policy.
Furnishings?
Which of the following would be covered under the Crew members of a ship.
Jones Act?
All of the following statements are true regarding a The policy will cover watercraft liability.
Personal Liability Supplement, EXCEPT:
Which of the following statements is TRUE regarding Commercial property coverage can be written as both a monoline policy and as
Commercial Property coverage? part of a package policy.
What type of insurance is usually provided or subsidized residual market insurance
by the state or federal government because it is not
ordinarily available from private insurers?
The optional coverage for "Employee Dishonesty" under The "discovery period" is one year from the end of the policy period.
a standard Businessowners policy provides a "discovery
period" for the insured to discover the dishonest act and
have coverage still apply. Which of the following
statements best describes the "discovery period" for this
optional coverage?
Which of the following would be considered an Unfair Failing to deny coverage of a claim within a reasonable amount of time after
Claim Settlement Practice? concluding the investigation
Which of the following is TRUE regarding the DP-2 Broad A fire must be the result of the artificially generated electrical current for
Form coverage for coverage to apply.
"artificially generated electrical current"?
The Commercial Building and Personal Property An 80% or higher coinsurance percentage is shown on the Declarations page, and
coverage form provides five extensions of coverage, but the property amount of coverage, based on that percentage, is purchased.
only if:
TEXAS ALL LINES ADJUSTER EXAM BRAND NEW!! (200+
QUESTIONS AND CORRECT ANSWERS) VERIFIED
ANSWERS
Leave the first rating
Save
Students also studied
Flashcard sets Study guides
Property and Casualty Exam | Strate... RMI 2101 Topic Two South Carolina Insurance Exam: Cha... CCDS-
Teacher 301 terms Teacher 56 terms Teacher 144 terms Teacher
AademicEdge Preview townsendterence34 Preview OrangeDuck48379 Preview mut
Terms in this set (270) Hide definitions
Which of the following are the Texas Workers Lifetime Income Benefits (LIBs) only
Compensation benefits that are increased by a cost-of-
living adjustment (COLAs)
Surplus Lines companies in Texas have to acknowledge 30 Days
the receipt of a claim.
All of the following are characteristics of a principal that a Consideration.
surety will scrutinize during the underwriting process,
EXCEPT:
Under Section Il of a Homeowners policy, a cemetery An insured location.
plot owned by the insured is considered to be:
Which of the following is NOT one of the four major Seaworthiness.
coverages of an Ocean Marine policy?
Hannah must take time away from work to help assist in $250 per day.
the investigation of a claim that was made against her
BOP policy. The policy will pay for Hannah's actual loss of
earnings up to:
, A ship has suffered damage and sunk. Which of the hull insurance
following would respond to cover the loss of the ship?
As a fiduciary agent, an adjuster has the power to bind Only an adjuster's written statements can legally bind an insurer.
the insurer. Which of the following statements is FALSE
regarding this power?
The standardized Dwelling forms consider all eruptions 72 Hours
of a volcano within a _period to be a single "occurrence".
Whose responsibility is it to complete a "proof of loss"? The claimant
Which of the following would NOT be determined by a The type and amount of damages that will be paid to a plaintiff for the claim that
court when an insurer has filed a declaratory judgment is being disputed.
action?
Which of the following statements is TRUE regarding the The coverage is not additional insurance and does not increase the limits of the
Homeowners "additional coverage" known as Landlord's policy.
Furnishings?
Which of the following would be covered under the Crew members of a ship.
Jones Act?
All of the following statements are true regarding a The policy will cover watercraft liability.
Personal Liability Supplement, EXCEPT:
Which of the following statements is TRUE regarding Commercial property coverage can be written as both a monoline policy and as
Commercial Property coverage? part of a package policy.
What type of insurance is usually provided or subsidized residual market insurance
by the state or federal government because it is not
ordinarily available from private insurers?
The optional coverage for "Employee Dishonesty" under The "discovery period" is one year from the end of the policy period.
a standard Businessowners policy provides a "discovery
period" for the insured to discover the dishonest act and
have coverage still apply. Which of the following
statements best describes the "discovery period" for this
optional coverage?
Which of the following would be considered an Unfair Failing to deny coverage of a claim within a reasonable amount of time after
Claim Settlement Practice? concluding the investigation
Which of the following is TRUE regarding the DP-2 Broad A fire must be the result of the artificially generated electrical current for
Form coverage for coverage to apply.
"artificially generated electrical current"?
The Commercial Building and Personal Property An 80% or higher coinsurance percentage is shown on the Declarations page, and
coverage form provides five extensions of coverage, but the property amount of coverage, based on that percentage, is purchased.
only if:
