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TEXAS ALL LINES ADJUSTER EXAM BRAND NEW!!
(200+ QUESTIONS AND CORRECT ANSWERS)
VERIFIED ANSWERS
What is the failure to use that degree of care which n ordinary person of reasonable prudence
would use under similar circumstances?
Negligence
What is a situation involving a person other than an insured?
Third Party Loss
What is the responsibility to another for one's negligence?
Liability
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? $5,000
The part of the insurance policy that details the rights and duties of the insured and the insurance
company in the policy?
Conditions
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?
Comparative Negligence
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Value of property based on the current cost to replace it minus depreciation?
Actual Cash Vale
This type of Auto Coverage pays for your damages if you were involved in a hit and run:
Uninsured Motorist
What is the cost associated with replacing property at current market prices?
Replacement Cost
The process when an insurer and insured have a dispute regarding the amount of the damage:
Appraisal
The intentional misrepresentation of a material fact that may void a contract?
Fraud
What is the type of negotiation that is also sometimes called positional or hard-bargaining?
Distributive
An event that results in an insured loss and damages?
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Occurrence
What is the period a policy is in force, from the beginning or effective date?
Policy Period
The amount the insured must pay in a loss before any payment is due?
Deductible
The insurer must review the claim and accept or reject within how many
days? 15 calendar
Oral or written false statement that is malicious
Defamation
Time requirements does the policy holder have to complete the requirements that the insurer has
requested?
No requirements
Days for insurer to pay the claim
5 business
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Insurer must acknowledge the claim begin the investigation, and request all the information
needed in what time frame?
15 Calendar days
What must an insurer provide for the declination, cancellation, or nonrenewal of an insurance
policy? Written Statement
Established in 1991 to ensure prompt payment of insurance claims?
Article 21.55
An insurer may not consider a _______ as a basis for declination?
Customer Inquiry
An insurer may refuse to renew a policy if the insurer has mailed notice of nonrenewal to the
insured at least_____ days before the policy's expiration date?
30
If the insurer needs additional time to evaluate and investigate a claim, they can request how
many additional days?
45 Calendar Days
TEXAS ALL LINES ADJUSTER EXAM BRAND NEW!!
(200+ QUESTIONS AND CORRECT ANSWERS)
VERIFIED ANSWERS
What is the failure to use that degree of care which n ordinary person of reasonable prudence
would use under similar circumstances?
Negligence
What is a situation involving a person other than an insured?
Third Party Loss
What is the responsibility to another for one's negligence?
Liability
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? $5,000
The part of the insurance policy that details the rights and duties of the insured and the insurance
company in the policy?
Conditions
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?
Comparative Negligence
,2 | Page
Value of property based on the current cost to replace it minus depreciation?
Actual Cash Vale
This type of Auto Coverage pays for your damages if you were involved in a hit and run:
Uninsured Motorist
What is the cost associated with replacing property at current market prices?
Replacement Cost
The process when an insurer and insured have a dispute regarding the amount of the damage:
Appraisal
The intentional misrepresentation of a material fact that may void a contract?
Fraud
What is the type of negotiation that is also sometimes called positional or hard-bargaining?
Distributive
An event that results in an insured loss and damages?
,3 | Page
Occurrence
What is the period a policy is in force, from the beginning or effective date?
Policy Period
The amount the insured must pay in a loss before any payment is due?
Deductible
The insurer must review the claim and accept or reject within how many
days? 15 calendar
Oral or written false statement that is malicious
Defamation
Time requirements does the policy holder have to complete the requirements that the insurer has
requested?
No requirements
Days for insurer to pay the claim
5 business
, 4 | Page
Insurer must acknowledge the claim begin the investigation, and request all the information
needed in what time frame?
15 Calendar days
What must an insurer provide for the declination, cancellation, or nonrenewal of an insurance
policy? Written Statement
Established in 1991 to ensure prompt payment of insurance claims?
Article 21.55
An insurer may not consider a _______ as a basis for declination?
Customer Inquiry
An insurer may refuse to renew a policy if the insurer has mailed notice of nonrenewal to the
insured at least_____ days before the policy's expiration date?
30
If the insurer needs additional time to evaluate and investigate a claim, they can request how
many additional days?
45 Calendar Days
