5/9/26, 10:35 AM Texas All Lines Adjuster Exam 2025 – Full Prep Guide with Questions, Answers & Explanations Flashcards | Quizlet
Advance Payment Settlement A settlement option that lets the insurer offer some financial relief to the claimant
before the claim has been fully settled.
Agency Authority The agent's authority to act on behalf of someone else (an insurer)
Express Agency Authority Authority that is expressly given to the agent in writing.
Implied Agency Authority Authority that an agent possesses by implication of his behavior, regardless of
whether this authority is expressly granted in writing.
Apparent Agency Authority Authority that an agent possesses based on the appearance of representing an
insurer.
Agent Someone who has received authority from an insurer to sell or service insurance
policies.
Aggregate Limit It represents the total amount the insurer will pay for all losses.
Agreement One of the four requirements of a legally binding contract.
All parties involved must agree to the terms of the contract.
Agricultural Producer A business that grows, harvests, and sells crops for profit.
Aleatory "depending on an unknown future event"
An insurance contract will only pay IF and WHEN covered damages occur.
Answer the defendants response to a complaint
Annual Depreciation item's replacement cost /
#of years in its expected lifespan.
Appraisal Insurer and insured each choose an appraiser, the two appraisers in turn choose
an umpire. Appraisers work toward settlement amount...if they cannot
agree...umpire steps in. Agreement by any two (one appraiser and umpire) is
binding.
Arbitration Each party submit evidence to the third party arbitrator. Arbitrator makes final
legal binding decision.
Arbitrator Third party negotiator, makes final legal binding decision for two parties.
Auto Policy designed to protect the policyholder while owning, occupying, or operating a
vehicle.
Automobile any vehicle designed for use on public roads.
Auto No-Fault Laws some states require vehicle owners to purchase no-fault insurance
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, 5/9/26, 10:35 AM Texas All Lines Adjuster Exam 2025 – Full Prep Guide with Questions, Answers & Explanations Flashcards | Quizlet
Aviation haul insurance for aircraft, liability insurance for any others property or people
who are not passengers
Bailee individual or company that receives the property of someone else for a special
purpose, and returns the product after use.
BAP (Business Auto Policy) provides property damage and liability insurance for auto used by business.
Binder a temporary contract, provided by an insurer, that insures coverage until the
complete permanent policy is issued.
BI (Bodily Injury) Physical damage to someone. liability insurance covers bodily injury that the
insured might cause to another person through negligence.
Body language the signals we give through posture, behavior, apparel
Boiler & Machinery designed to indemnify a business for damages to, and damages by, boilers,
machinery, motors, generators, and others.
Bond a contract, where one party guarantees the performance of a third party.
Breach of Product Warranty the failure or falsehood of a stated promise, of a product stipulation.
Catostraphic occurrence or sequence of occurrences, that causes enormous property losses
Cause of Loss list of Causes of Loss from which the insured property is covered
CGL (Commercial General Liability) protects businesses against damage or injury to third parties.
Civil civil law observes cases of one citizen charging another citizen for damages
caused by tort (differs from criminal law).
Claim the offer of settlement that the policyholder files with the insurer after she
experiences a loss.
Claims-Made Form liability policy that only pays for claims made during the policy period.
Claims Management the practice of the insurance adjuster, of managing a claim, by processing it, in a
prompt and effective manner, from time the claim is filed, until a settlement is
reached.
Claimant the one who files a claim with an insurer for a loss
Claude the Clueless Adjuster incompetent or unprofessional adjuster
Course Grains provision that covers reduction in crop quality as well as crop yield losses
Co-insurance clause that applies to policyholders that purchase an inadequate amount of
property insurance. must pay a percentage of the claim.
https://quizlet.com/1133002663/texas-all-lines-adjuster-exam-2025-full-prep-guide-with-questions-answers-explanations-flash-cards/ 3/15
Advance Payment Settlement A settlement option that lets the insurer offer some financial relief to the claimant
before the claim has been fully settled.
Agency Authority The agent's authority to act on behalf of someone else (an insurer)
Express Agency Authority Authority that is expressly given to the agent in writing.
Implied Agency Authority Authority that an agent possesses by implication of his behavior, regardless of
whether this authority is expressly granted in writing.
Apparent Agency Authority Authority that an agent possesses based on the appearance of representing an
insurer.
Agent Someone who has received authority from an insurer to sell or service insurance
policies.
Aggregate Limit It represents the total amount the insurer will pay for all losses.
Agreement One of the four requirements of a legally binding contract.
All parties involved must agree to the terms of the contract.
Agricultural Producer A business that grows, harvests, and sells crops for profit.
Aleatory "depending on an unknown future event"
An insurance contract will only pay IF and WHEN covered damages occur.
Answer the defendants response to a complaint
Annual Depreciation item's replacement cost /
#of years in its expected lifespan.
Appraisal Insurer and insured each choose an appraiser, the two appraisers in turn choose
an umpire. Appraisers work toward settlement amount...if they cannot
agree...umpire steps in. Agreement by any two (one appraiser and umpire) is
binding.
Arbitration Each party submit evidence to the third party arbitrator. Arbitrator makes final
legal binding decision.
Arbitrator Third party negotiator, makes final legal binding decision for two parties.
Auto Policy designed to protect the policyholder while owning, occupying, or operating a
vehicle.
Automobile any vehicle designed for use on public roads.
Auto No-Fault Laws some states require vehicle owners to purchase no-fault insurance
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, 5/9/26, 10:35 AM Texas All Lines Adjuster Exam 2025 – Full Prep Guide with Questions, Answers & Explanations Flashcards | Quizlet
Aviation haul insurance for aircraft, liability insurance for any others property or people
who are not passengers
Bailee individual or company that receives the property of someone else for a special
purpose, and returns the product after use.
BAP (Business Auto Policy) provides property damage and liability insurance for auto used by business.
Binder a temporary contract, provided by an insurer, that insures coverage until the
complete permanent policy is issued.
BI (Bodily Injury) Physical damage to someone. liability insurance covers bodily injury that the
insured might cause to another person through negligence.
Body language the signals we give through posture, behavior, apparel
Boiler & Machinery designed to indemnify a business for damages to, and damages by, boilers,
machinery, motors, generators, and others.
Bond a contract, where one party guarantees the performance of a third party.
Breach of Product Warranty the failure or falsehood of a stated promise, of a product stipulation.
Catostraphic occurrence or sequence of occurrences, that causes enormous property losses
Cause of Loss list of Causes of Loss from which the insured property is covered
CGL (Commercial General Liability) protects businesses against damage or injury to third parties.
Civil civil law observes cases of one citizen charging another citizen for damages
caused by tort (differs from criminal law).
Claim the offer of settlement that the policyholder files with the insurer after she
experiences a loss.
Claims-Made Form liability policy that only pays for claims made during the policy period.
Claims Management the practice of the insurance adjuster, of managing a claim, by processing it, in a
prompt and effective manner, from time the claim is filed, until a settlement is
reached.
Claimant the one who files a claim with an insurer for a loss
Claude the Clueless Adjuster incompetent or unprofessional adjuster
Course Grains provision that covers reduction in crop quality as well as crop yield losses
Co-insurance clause that applies to policyholders that purchase an inadequate amount of
property insurance. must pay a percentage of the claim.
https://quizlet.com/1133002663/texas-all-lines-adjuster-exam-2025-full-prep-guide-with-questions-answers-explanations-flash-cards/ 3/15
