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Texas Adjuster Exam Questions
Questions and Correct Answers/ Latest
Update / Already Graded
Occurrence
Ans: An event that results in an insured loss and damages.
Deductible
Ans: The amount the insured must pay in a loss before any payment is
due.
Actual Cash Value
Ans: The value of your property, based on the current cost to replace it
minus depreciation.
Comprehensive
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Ans: This type of Auto Coverage pays for your damages if you were
involved in a hit and run.
Policy Period
Ans: The period a policy is in force, from the beginning or effective date
to the expiration date.
Conditions
Ans: The part of the insurance policy that details the rights and duties of
the insured and the insurance company in the policy.
Distributive
Ans: The type of negotiation that is also sometimes called positional or
hard-bargaining negotiation.
Appraisal
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Ans: The process when an insurer and an insured have a dispute
regarding the amount of the damage.
Fraud
Ans: The intentional misrepresentation of a material fact that may void a
contract.
Comparative Negligence
Ans: 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.
Negligence
Ans: The failure to use that degree of care which an ordinary person of
reasonable prudence would use under similar circumstances.
Third Party Loss
Texas Adjuster Exam Questions
Questions and Correct Answers/ Latest
Update / Already Graded
Occurrence
Ans: An event that results in an insured loss and damages.
Deductible
Ans: The amount the insured must pay in a loss before any payment is
due.
Actual Cash Value
Ans: The value of your property, based on the current cost to replace it
minus depreciation.
Comprehensive
,2 | Page
Ans: This type of Auto Coverage pays for your damages if you were
involved in a hit and run.
Policy Period
Ans: The period a policy is in force, from the beginning or effective date
to the expiration date.
Conditions
Ans: The part of the insurance policy that details the rights and duties of
the insured and the insurance company in the policy.
Distributive
Ans: The type of negotiation that is also sometimes called positional or
hard-bargaining negotiation.
Appraisal
, 3 | Page
Ans: The process when an insurer and an insured have a dispute
regarding the amount of the damage.
Fraud
Ans: The intentional misrepresentation of a material fact that may void a
contract.
Comparative Negligence
Ans: 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.
Negligence
Ans: The failure to use that degree of care which an ordinary person of
reasonable prudence would use under similar circumstances.
Third Party Loss
