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TEXAS ALL-LINES ADJUSTER COURSE
FINAL EXAM BRAND NEW ACTUAL EXAM
WITH ANSWERS.
Which of the following is NOT one of the supplementary
payments provided by the CGL? - correct answer -Bail bond costs
arising out of an automobile accident while on company business
A lost time case is defined as: - correct answer -An injury that
results in more than seven (7) days off work, or for which
indemnity benefits would otherwise be due, such as a medical
only claim that results in a permanent impairment.
A shopper hits her head on a low hanging shelf in a grocery store.
You've been asked to handle the claim. After talking to both her
and your insured on the telephone, you really don't think there is
any liability, but you think the best way to handle the case is to
pay her medical bills without admitting liability and try a walk-away
settlement. How would you do it? - correct answer -Tell her you'll
pay her bills and wish her well. Ask her to call you if she has any
questions. When they arrive, pay the bills
under the CGL's Medical Payments coverage.
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Dwelling coverages are intended for: - correct answer -Individuals
and companies seeking only to protect their financial interest in
the property
How are adjustments under commercial property coverages
initially valued? - correct answer -Actual Cash Value
Business Auto Policies "Covered Autos" - correct answer -01. Any
Auto
02. Owned Autos Only
07. Specifically Described Autos
09. Non-Owned Autos Only
Garage Policy "Covered Autos" - correct answer -21. Any Auto
22. Owned Autos Only
27. Specifically Described Autos
29. Non-Owned Autos Only
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which of the following is not true when comparing the standard
ISO policy forms and the Texas Homeowners policy forms? -
correct answer -Loss of Use is addressed by Coverage C in the
Texas homeowners policies.
Texas Homeowners Policy Forms - correct answer -HO-A HO-1
HO-A+ HO-2
HO-B HO-3
HO-C HO-5
Property Insurance Coverages - correct answer -Coverage A -
Dwelling
Coverage B - Other Structures
Coverage C - Personal Property
Coverage D - Loss of Use
The Texas Policy Coverages - correct answer -Coverage A -
Dwelling & Other Structures
Coverage B - Personal Property
Extensions of Coverage - Loss of Use, Debris removal,
Reasonable repairs, trees shrubs plants & lawns.
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What did the legislature create to provide consumers with
availability and affordability of insurance coverages that are no
longer available through normal channels? - correct answer -The
Residual Marketplace
Which of the following was created to address the issue of
insolvent insurance carriers? - correct answer -Insurance
Guaranty Associations
What is the residual market choice for consumers unable to
secure residential property coverage in the voluntary insurance
market? - correct answer -Texas Windstorm Association
Which of the following is NOT a current member of the Texas
Residual Insurance Market? - correct answer -Texas Workers'
Compensation Insurance Fund
Which of the following statements are not true of Texas' residual
markets? - correct answer -The residual market is the preferred
market for consumers who are looking for rates that are more
competitive than carriers in the voluntary market.
TEXAS ALL-LINES ADJUSTER COURSE
FINAL EXAM BRAND NEW ACTUAL EXAM
WITH ANSWERS.
Which of the following is NOT one of the supplementary
payments provided by the CGL? - correct answer -Bail bond costs
arising out of an automobile accident while on company business
A lost time case is defined as: - correct answer -An injury that
results in more than seven (7) days off work, or for which
indemnity benefits would otherwise be due, such as a medical
only claim that results in a permanent impairment.
A shopper hits her head on a low hanging shelf in a grocery store.
You've been asked to handle the claim. After talking to both her
and your insured on the telephone, you really don't think there is
any liability, but you think the best way to handle the case is to
pay her medical bills without admitting liability and try a walk-away
settlement. How would you do it? - correct answer -Tell her you'll
pay her bills and wish her well. Ask her to call you if she has any
questions. When they arrive, pay the bills
under the CGL's Medical Payments coverage.
, Page | 2
Dwelling coverages are intended for: - correct answer -Individuals
and companies seeking only to protect their financial interest in
the property
How are adjustments under commercial property coverages
initially valued? - correct answer -Actual Cash Value
Business Auto Policies "Covered Autos" - correct answer -01. Any
Auto
02. Owned Autos Only
07. Specifically Described Autos
09. Non-Owned Autos Only
Garage Policy "Covered Autos" - correct answer -21. Any Auto
22. Owned Autos Only
27. Specifically Described Autos
29. Non-Owned Autos Only
, Page | 3
which of the following is not true when comparing the standard
ISO policy forms and the Texas Homeowners policy forms? -
correct answer -Loss of Use is addressed by Coverage C in the
Texas homeowners policies.
Texas Homeowners Policy Forms - correct answer -HO-A HO-1
HO-A+ HO-2
HO-B HO-3
HO-C HO-5
Property Insurance Coverages - correct answer -Coverage A -
Dwelling
Coverage B - Other Structures
Coverage C - Personal Property
Coverage D - Loss of Use
The Texas Policy Coverages - correct answer -Coverage A -
Dwelling & Other Structures
Coverage B - Personal Property
Extensions of Coverage - Loss of Use, Debris removal,
Reasonable repairs, trees shrubs plants & lawns.
, Page | 4
What did the legislature create to provide consumers with
availability and affordability of insurance coverages that are no
longer available through normal channels? - correct answer -The
Residual Marketplace
Which of the following was created to address the issue of
insolvent insurance carriers? - correct answer -Insurance
Guaranty Associations
What is the residual market choice for consumers unable to
secure residential property coverage in the voluntary insurance
market? - correct answer -Texas Windstorm Association
Which of the following is NOT a current member of the Texas
Residual Insurance Market? - correct answer -Texas Workers'
Compensation Insurance Fund
Which of the following statements are not true of Texas' residual
markets? - correct answer -The residual market is the preferred
market for consumers who are looking for rates that are more
competitive than carriers in the voluntary market.
