Claims Adjuster Exam Questions With
Correct Answers
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?
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?
Correct Answers
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?
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?
