Adjusting Test Exam Questions and Answers Grade A+
A customer claims he tripped on a stair in John's Art Gallery and broke his leg. The
only way the customer will have a successful claim against John's insurance is? -
Answer-John must be found legally liable for the incident
Meredith was attending this Christmas party that was held at the Riverstone
country club. While walking to the restroom she tripped and fell on one of the
steps that was broken. The broken step had been covered up by a new rug.
Meredith status in this situation is that of a ? - Answer-Invitee
Janet thompson works for universal insurance company of Texas. She is involved in
a work related accident in the supply room. She immediately notifies her
supervisor about the accident. Universal insurance company must report the
injuries within how many days of being notified of the injury? - Answer-8 days
Johnny has 30/60/25 limits on his auto policy, and he negligently ran into a parked
car driven by Steve Garcia. What is the maximum amount of coverage that can be
provided for the damage to Steve's car? - Answer-25,000
Texas Spring Company produced 100 defective springs last month. What type of
claim can be brought against them in this situation? - Answer-Product Liability
Steve's Worker's compensation claim has been rejected. Steve reported his claim
43 days after the incident occurred. What is a possible reason why? - Answer-He
did not report his injury to his employer within 30 days
Which of the following statements is true? - Answer-Bullion/ Valuable papers is
limited to $500 for all cause of loss
Jason was involved in a serious accident after his braking system on his brand new
car failed to function properly while he was driving on the highway. The
manufacturer for his car has had several complaints regarding this faulty braking
system. What type of claim should jason file against the manufacture of his
vehicle. - Answer-Product Liability
,Your policyholder submitted a claim or fire damage to his structure that was
caused by fire. The origin of the fire was caused by a defective wiring harness in
the electrical system of his stove. After you process and pay the claim, you will
need to notify the manufacturer of his stove of your intent to ________ against
them for the damages the were caused by their defective product? - Answer-
Mediate
You make initial contact with your insured. During this conversation, you should -
Answer-Obtain the loss facts and set an appointment to inspect the damages
What are the types of adjuster licenses approved for issuance in Texas? - Answer-
All Lines, Property, Property and Casualty, Surety, Workers Compensation
You are handling a flood claim in Houston, Texas. Your Policyholder has a flood
policy on his home. The replacement cost of his dwelling is $230,000. The flood
related damages to the dwelling are valued at $220,000. The replacement cost of
the damaged contents on his claim is $85,000. The actual cash value of the
damaged contents is $63,000. How much will you pay him for his damaged
contents? Do not consider a deductible. - Answer-$63,000
Replacement cost less depreciation best defines - Answer-Actual Cash Value
John has a homeowners policy with he following coverage's (Coverage A- $90,000,
Coverage B- $50,000: Clause 1 deductible 1%, Clause 2 deductible - $1,000). His
Cloth awning was damaged during the fire. His cloth awning is valued at $4,000.
How much are you going to pay on his claim? - Answer-$3,500
Joseph Ross owns a 2014 Toyota Avalon. While at the mall shopping someone hits
his car and left a big dent on the right side of his car. He does not know who hit his
car and there were no witnesses to this accident. What type of insurance
protection does he need to protect him from financial loss in this situation? -
Answer-Uninsured Motorist
In the course of making repairs to a rental house, a fire break out. The landlord's
Texas dwelling policy for the building would cover all of the following EXCEPT -
Answer-The tenant's damaged personal Property
, Mark Johnson is a licensed Public Adjuster in the state of Texas. Why does Mark
need to purchase an adjuster bond? - Answer-The requirement of bonds is for the
public interest to guarantee that the laws ordinances and regulations relating to
insurance adjusting will be complied with.
Lewis has a Texas dwelling policy on his property in Lewisville Texas. His tenant
called him to tell him that the property was broke into and all of his contents were
stolen. Lewis files a claim for his tenant's stolen contents. What do you tell Lewis
about his claim? - Answer-The contents are covered up to 10% of the Coverage B
limit of liability.
What is the process when the insured and insurer are unable to agree on the
amount of a claim to be paid? - Answer-Appraisal
Your customer has HO-B homeowners policy with a Coverage A limit os $300,000.
His mortgage payment is $1,400 per month. He can't stay in his home for 1 month
due to a claim that was caused by smoke. He is staying in a local hotel for 1
month. The cost of the hotel is $900 for the moth. How much will you pay your
policyholder for Additional Living Expenses. - Answer-$900
Your re handling a claim, and your policyholder has hired a Public Adjuster. Which
of the following is NOT an appropriate response? - Answer-Include the Public
Adjuster in all communications
Little Toys company sells a toy meant to be used by 3 years. What type of liability
would Little Toys face if the toy self-destructed and caused injury to a 3 year old? -
Answer-Product Liability
This type of Bond guarantees contractual obligation will be fulfilled? - Answer-
Contact Bond
Blake Nelson's license expired two years ago. He would like to obtain his adjusters
license so that he can resume his adjusting career. What must he do to obtain his
license? - Answer-Start over by taking the Pre-licensning course & exam and
resubmitting application
A customer claims he tripped on a stair in John's Art Gallery and broke his leg. The
only way the customer will have a successful claim against John's insurance is? -
Answer-John must be found legally liable for the incident
Meredith was attending this Christmas party that was held at the Riverstone
country club. While walking to the restroom she tripped and fell on one of the
steps that was broken. The broken step had been covered up by a new rug.
Meredith status in this situation is that of a ? - Answer-Invitee
Janet thompson works for universal insurance company of Texas. She is involved in
a work related accident in the supply room. She immediately notifies her
supervisor about the accident. Universal insurance company must report the
injuries within how many days of being notified of the injury? - Answer-8 days
Johnny has 30/60/25 limits on his auto policy, and he negligently ran into a parked
car driven by Steve Garcia. What is the maximum amount of coverage that can be
provided for the damage to Steve's car? - Answer-25,000
Texas Spring Company produced 100 defective springs last month. What type of
claim can be brought against them in this situation? - Answer-Product Liability
Steve's Worker's compensation claim has been rejected. Steve reported his claim
43 days after the incident occurred. What is a possible reason why? - Answer-He
did not report his injury to his employer within 30 days
Which of the following statements is true? - Answer-Bullion/ Valuable papers is
limited to $500 for all cause of loss
Jason was involved in a serious accident after his braking system on his brand new
car failed to function properly while he was driving on the highway. The
manufacturer for his car has had several complaints regarding this faulty braking
system. What type of claim should jason file against the manufacture of his
vehicle. - Answer-Product Liability
,Your policyholder submitted a claim or fire damage to his structure that was
caused by fire. The origin of the fire was caused by a defective wiring harness in
the electrical system of his stove. After you process and pay the claim, you will
need to notify the manufacturer of his stove of your intent to ________ against
them for the damages the were caused by their defective product? - Answer-
Mediate
You make initial contact with your insured. During this conversation, you should -
Answer-Obtain the loss facts and set an appointment to inspect the damages
What are the types of adjuster licenses approved for issuance in Texas? - Answer-
All Lines, Property, Property and Casualty, Surety, Workers Compensation
You are handling a flood claim in Houston, Texas. Your Policyholder has a flood
policy on his home. The replacement cost of his dwelling is $230,000. The flood
related damages to the dwelling are valued at $220,000. The replacement cost of
the damaged contents on his claim is $85,000. The actual cash value of the
damaged contents is $63,000. How much will you pay him for his damaged
contents? Do not consider a deductible. - Answer-$63,000
Replacement cost less depreciation best defines - Answer-Actual Cash Value
John has a homeowners policy with he following coverage's (Coverage A- $90,000,
Coverage B- $50,000: Clause 1 deductible 1%, Clause 2 deductible - $1,000). His
Cloth awning was damaged during the fire. His cloth awning is valued at $4,000.
How much are you going to pay on his claim? - Answer-$3,500
Joseph Ross owns a 2014 Toyota Avalon. While at the mall shopping someone hits
his car and left a big dent on the right side of his car. He does not know who hit his
car and there were no witnesses to this accident. What type of insurance
protection does he need to protect him from financial loss in this situation? -
Answer-Uninsured Motorist
In the course of making repairs to a rental house, a fire break out. The landlord's
Texas dwelling policy for the building would cover all of the following EXCEPT -
Answer-The tenant's damaged personal Property
, Mark Johnson is a licensed Public Adjuster in the state of Texas. Why does Mark
need to purchase an adjuster bond? - Answer-The requirement of bonds is for the
public interest to guarantee that the laws ordinances and regulations relating to
insurance adjusting will be complied with.
Lewis has a Texas dwelling policy on his property in Lewisville Texas. His tenant
called him to tell him that the property was broke into and all of his contents were
stolen. Lewis files a claim for his tenant's stolen contents. What do you tell Lewis
about his claim? - Answer-The contents are covered up to 10% of the Coverage B
limit of liability.
What is the process when the insured and insurer are unable to agree on the
amount of a claim to be paid? - Answer-Appraisal
Your customer has HO-B homeowners policy with a Coverage A limit os $300,000.
His mortgage payment is $1,400 per month. He can't stay in his home for 1 month
due to a claim that was caused by smoke. He is staying in a local hotel for 1
month. The cost of the hotel is $900 for the moth. How much will you pay your
policyholder for Additional Living Expenses. - Answer-$900
Your re handling a claim, and your policyholder has hired a Public Adjuster. Which
of the following is NOT an appropriate response? - Answer-Include the Public
Adjuster in all communications
Little Toys company sells a toy meant to be used by 3 years. What type of liability
would Little Toys face if the toy self-destructed and caused injury to a 3 year old? -
Answer-Product Liability
This type of Bond guarantees contractual obligation will be fulfilled? - Answer-
Contact Bond
Blake Nelson's license expired two years ago. He would like to obtain his adjusters
license so that he can resume his adjusting career. What must he do to obtain his
license? - Answer-Start over by taking the Pre-licensning course & exam and
resubmitting application
