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EXAM REVIEWS FOR TEXAS ALL LINES ADJUSTER 2023/2024

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EXAM REVIEWS FOR TEXAS ALL LINES ADJUSTER 2023/2024 Accumulated Depreciation - CORRECT ANSWER-The total decrease in an item's value over a period of time. Formula: (Annual Depreciation x Number of years used) Acreage Reporting Date - CORRECT ANSWER-The deadline for providing the insurer with an acreage report, which is used to determine the amount of coverage needed and the premium charged for a particular crop. Actual Cash Value (ACV) - CORRECT ANSWER-A valuation method used by insu...

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EXAM TEST FOR TEXAS ALL LINES ADJUSTER 2023/2024

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EXAM TEST FOR TEXAS ALL LINES ADJUSTER 2023/2024 All of the following are criteria for an accident to have occurred "in the course of" the employment under a workers' compensation policy, EXCEPT: - CORRECT ANSWERWhile performing a task that a fellow worker requested, that was unusual to the employee's job description, but occurred on the employer's premises during working hours. Which of the following statements is NOT TRUE regarding the implied warranties of an Ocean Marine po...

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