Texas Adjuster Exam || 100% Exact Solutions.
If an automobile policy has split limits of 30/60/25. What is the maximum amount of liability
coverage that would be paid in a covered loss where three people are involved. correct answers
$30,000
Which of the following statements best describes an inland marine policy? correct answers
Pertains to Cargo with no fixed location
Alex is traveling through College Station and hits a deer, and the damages are $1500. He has
comprehensive coverage with a $500 deductible. What will you pay? correct answers $1000
This department is responsible for making rates and determines the rates charged by the insurer
correct answers Actuarial department
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? correct answers 25,000
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 correct
answers $900
Insurance for ocean vessels is the ______ type of insurance? correct answers oldest
Your insured has a homeowners policy with a Coverage A limit of $50,000, His coverage B limit
is $20,000. His deductible is 1%. He has 30 trees that are damaged during the fire. How much
are you going to pay on his claim? correct answers 2500
If you have a covered loss, in excess of a limit, you can apply that excess towards the deductible.
This best describes? correct answers Absorbing the deductible
What type of contract exists when the insurance policy is valid even though there is an unequal
exchange? correct answers Aleatory Contract
What is the intentional or unintentional impression by the insurance company that a certain fact
exists when it does not? correct answers Estoppel
An event that results in an insured loss / damages. correct answers Occurrence
Joseph ross owns a 2014 Toyota Avalon. while at the mall shopping, someone hit his car and left
a big dent on the right side of his car. He does not know who hit his car, and there are no
witnesses to this accident. What type of insurance protection does he need to protect him from
financial loss in this situation correct answers Comprehensive
, Morris has a Texas Dwelling policy on his property. His property burns down in a fire. He
claims that he has also sustained a financial loss because he is not able to rent the property to his
tenants. What can you tell him? correct answers He has coverage for loss of fair Rental Value
Method of dispute resolution that occurs when there is a dispute regarding whether or not
something is covered under the policy correct answers Arbitration
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? correct answers John must be
found legally liable for the incident
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? correct answers 8 days
Provisions in an insurance policy that indicates what is not covered? correct answers Exclusions
As a public administrator you want to get insurance for your county's bridges and tunnels. What
kind of policy would you look for? correct answers Inland Marine
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? correct answers The
contents are covered up to 10% of the Coverage B limit of liability.
Is the size of a loss, the extent of damages correct answers Severity
What is the intentional relinquishment of a known right by the insurance company or agent upon
which the insured relies correct answers Wavier
You have concluded your claim investigation and called your policyholder to discuss the
settlement of their claim. How long do you have to make payment to your policyholder? correct
answers 5 Calendar days
The cost having the most significant impact in bringing about the loss under a first-party
insurance policy correct answers Proximate Cause
Steve Garcia is exempted from taking the State Adjuster License Exam. Which of the following
is a reason for his exemption? correct answers Within the past 12 months he completed a
certified adjuster pre-licenseing education program and pass the required exam.
while derrick is taking inventory he accidentally drops a crate of milk on a customer foot. what is
the stores liability? correct answers Premises Liability
If an automobile policy has split limits of 30/60/25. What is the maximum amount of liability
coverage that would be paid in a covered loss where three people are involved. correct answers
$30,000
Which of the following statements best describes an inland marine policy? correct answers
Pertains to Cargo with no fixed location
Alex is traveling through College Station and hits a deer, and the damages are $1500. He has
comprehensive coverage with a $500 deductible. What will you pay? correct answers $1000
This department is responsible for making rates and determines the rates charged by the insurer
correct answers Actuarial department
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? correct answers 25,000
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 correct
answers $900
Insurance for ocean vessels is the ______ type of insurance? correct answers oldest
Your insured has a homeowners policy with a Coverage A limit of $50,000, His coverage B limit
is $20,000. His deductible is 1%. He has 30 trees that are damaged during the fire. How much
are you going to pay on his claim? correct answers 2500
If you have a covered loss, in excess of a limit, you can apply that excess towards the deductible.
This best describes? correct answers Absorbing the deductible
What type of contract exists when the insurance policy is valid even though there is an unequal
exchange? correct answers Aleatory Contract
What is the intentional or unintentional impression by the insurance company that a certain fact
exists when it does not? correct answers Estoppel
An event that results in an insured loss / damages. correct answers Occurrence
Joseph ross owns a 2014 Toyota Avalon. while at the mall shopping, someone hit his car and left
a big dent on the right side of his car. He does not know who hit his car, and there are no
witnesses to this accident. What type of insurance protection does he need to protect him from
financial loss in this situation correct answers Comprehensive
, Morris has a Texas Dwelling policy on his property. His property burns down in a fire. He
claims that he has also sustained a financial loss because he is not able to rent the property to his
tenants. What can you tell him? correct answers He has coverage for loss of fair Rental Value
Method of dispute resolution that occurs when there is a dispute regarding whether or not
something is covered under the policy correct answers Arbitration
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? correct answers John must be
found legally liable for the incident
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? correct answers 8 days
Provisions in an insurance policy that indicates what is not covered? correct answers Exclusions
As a public administrator you want to get insurance for your county's bridges and tunnels. What
kind of policy would you look for? correct answers Inland Marine
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? correct answers The
contents are covered up to 10% of the Coverage B limit of liability.
Is the size of a loss, the extent of damages correct answers Severity
What is the intentional relinquishment of a known right by the insurance company or agent upon
which the insured relies correct answers Wavier
You have concluded your claim investigation and called your policyholder to discuss the
settlement of their claim. How long do you have to make payment to your policyholder? correct
answers 5 Calendar days
The cost having the most significant impact in bringing about the loss under a first-party
insurance policy correct answers Proximate Cause
Steve Garcia is exempted from taking the State Adjuster License Exam. Which of the following
is a reason for his exemption? correct answers Within the past 12 months he completed a
certified adjuster pre-licenseing education program and pass the required exam.
while derrick is taking inventory he accidentally drops a crate of milk on a customer foot. what is
the stores liability? correct answers Premises Liability
