TEXAS ALL LINES ADJUSTER EXAM BRAND NEW!! (
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? - AnswerNegligence
.What is a situation involving a person other than an insured? - AnswerThird Party Loss
.What is the responsibility to another for one's negligence? - AnswerLiability
.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? - Answer$5,000
.The part of the insurance policy that details the rights and duties of the insured and the
insurance company in the policy? - AnswerConditions
.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? - AnswerComparative Negligence
.Value of property based on the current cost to replace it minus depreciation? -
AnswerActual Cash Vale
.This type of Auto Coverage pays for your damages if you were involved in a hit and
run: - AnswerUninsured Motorist
.What is the cost associated with replacing property at current market prices? -
AnswerReplacement Cost
.The process when an insurer and insured have a dispute regarding the amount of the
damage: - AnswerAppraisal
.The intentional misrepresentation of a material fact that may void a contract? -
AnswerFraud
.What is the type of negotiation that is also sometimes called positional or hard-
bargaining? - AnswerDistributive
.An event that results in an insured loss and damages? - AnswerOccurrence
.What is the period a policy is in force, from the beginning or effective date? -
AnswerPolicy Period
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? - AnswerNegligence
.What is a situation involving a person other than an insured? - AnswerThird Party Loss
.What is the responsibility to another for one's negligence? - AnswerLiability
.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? - Answer$5,000
.The part of the insurance policy that details the rights and duties of the insured and the
insurance company in the policy? - AnswerConditions
.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? - AnswerComparative Negligence
.Value of property based on the current cost to replace it minus depreciation? -
AnswerActual Cash Vale
.This type of Auto Coverage pays for your damages if you were involved in a hit and
run: - AnswerUninsured Motorist
.What is the cost associated with replacing property at current market prices? -
AnswerReplacement Cost
.The process when an insurer and insured have a dispute regarding the amount of the
damage: - AnswerAppraisal
.The intentional misrepresentation of a material fact that may void a contract? -
AnswerFraud
.What is the type of negotiation that is also sometimes called positional or hard-
bargaining? - AnswerDistributive
.An event that results in an insured loss and damages? - AnswerOccurrence
.What is the period a policy is in force, from the beginning or effective date? -
AnswerPolicy Period
