Claims Adjuster Exam
Multi Peril-Package - correct answer Any policy which provides property & liability coverage (not
homeowner)
ISO policy - correct answer Sold in Texas, but not Texas form
Only Texas DP 1 - correct answer Mainly the only TDP sold, now with plethora of endorsements
Texas Standard Fire Policy - correct answer Granddaddy of all Texas property policies
Business auto coverage e.g. - correct answer Owner of a taxi to cover collision damage
Inland Marine (build milk policy) would cover e.g. - correct answer 3k gallons of milk in tanker
truck
Texas Standard, Standard Fire & Business Owner - correct answer Would all cover damage to
something like a gift card shop fire
Tx Personal Auto Policy e.g. - correct answer Owner of family far, for potential injury to other
people
Trucker's policy - correct answer Trucking company, for potential damage to other people's
trailers which the trucking company may be pulling
Actual Cash Value (ACV) - correct answer Replacement cost less depreciation
Garage Liability e.g. - correct answer For valet parking service to have appropriate liability
coverage it needs what kind of policy?
, Claims Adjuster Exam
Flood, workers comp, crop, costal wind among others - correct answer Types of casualty claims I
will be unable to handle under license I'm studying for
Ocean Marine Hull coverage - correct answer Would have to be written for an insured to cover
potential collision damage to insured's ship
Covered (if it's not written) - correct answer It's safe to assume that if something is not excluded
in writing it's appropriate to assume that the loss is?
15/15/5 rule - correct answer 15 calendar days to send notice you received claim
15 business days to resolve case
5 days to pay claim (if applicable)
Options for High Risk Drivers? - correct answer Texas started TAIPA
Risk pool
Minus PIP ($2,500)
Uninsured/underinsured motorist coverage - correct answer What does TAIPA provide?
When can you get TAIPA - correct answer Once you've been rejected by 2 or more insurance
companies
Commercial General Liability coverage - correct answer Covers basically any risk imaginable that
would "cause" bodily injury or property damage
E.g. Customer slip-fall; hit by debris; escalator lurching;poison get well card
Multi peril or package - correct answer Any policy that provides both property and liability
coverage
Multi Peril-Package - correct answer Any policy which provides property & liability coverage (not
homeowner)
ISO policy - correct answer Sold in Texas, but not Texas form
Only Texas DP 1 - correct answer Mainly the only TDP sold, now with plethora of endorsements
Texas Standard Fire Policy - correct answer Granddaddy of all Texas property policies
Business auto coverage e.g. - correct answer Owner of a taxi to cover collision damage
Inland Marine (build milk policy) would cover e.g. - correct answer 3k gallons of milk in tanker
truck
Texas Standard, Standard Fire & Business Owner - correct answer Would all cover damage to
something like a gift card shop fire
Tx Personal Auto Policy e.g. - correct answer Owner of family far, for potential injury to other
people
Trucker's policy - correct answer Trucking company, for potential damage to other people's
trailers which the trucking company may be pulling
Actual Cash Value (ACV) - correct answer Replacement cost less depreciation
Garage Liability e.g. - correct answer For valet parking service to have appropriate liability
coverage it needs what kind of policy?
, Claims Adjuster Exam
Flood, workers comp, crop, costal wind among others - correct answer Types of casualty claims I
will be unable to handle under license I'm studying for
Ocean Marine Hull coverage - correct answer Would have to be written for an insured to cover
potential collision damage to insured's ship
Covered (if it's not written) - correct answer It's safe to assume that if something is not excluded
in writing it's appropriate to assume that the loss is?
15/15/5 rule - correct answer 15 calendar days to send notice you received claim
15 business days to resolve case
5 days to pay claim (if applicable)
Options for High Risk Drivers? - correct answer Texas started TAIPA
Risk pool
Minus PIP ($2,500)
Uninsured/underinsured motorist coverage - correct answer What does TAIPA provide?
When can you get TAIPA - correct answer Once you've been rejected by 2 or more insurance
companies
Commercial General Liability coverage - correct answer Covers basically any risk imaginable that
would "cause" bodily injury or property damage
E.g. Customer slip-fall; hit by debris; escalator lurching;poison get well card
Multi peril or package - correct answer Any policy that provides both property and liability
coverage
