A severe thunderstorm damaged a policyholder's residence. He called and asked
how long it would be before he receives payment for his claim. Which of the following
would NOT be an appropriate response?
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We have 6 months to reach a final settlement with you.
,Jim is a public adjuster. He has an arrangement with a water extraction company who
pays him a commission of 10% for every referral that Jim sends their way. Which of the
following statements is correct?
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This arrangement reflects a breach of ethical conduct and a violation that
could jeopardize Jim's licensure.
Identify the part of the insurance policy used to modify or make changes to the
coverage in some way:
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Endorsements
The Texas homeowners form that most closely compares to the popular HO-3 is the:
Give this one a try later!
HO-B
In the process of installing a new hot water tank, the insured's employee accidentally
sets a customer's home on fire when the torch he is using ignites flammable materials.
What coverage under the insured's Commercial General Liability policy would
respond to cover this claim?
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, a. Products and Completed Operations
b. Owners and Contractors Protective Liability
c. Premises and Operations
Jerome was driving on the interstate between Dallas and Ft. Worth and decided to
change into the left lane of travel. He did not see a car approaching from the rear in
the left lane at a high rate of speed. The car sideswiped Jerome's car and sent it
spinning until it ultimately crashed into a retainer wall. The other driver accused
Jerome of negligence in improperly changing lanes. Which of the following would
NOT be a defense that Jerome could possibly use against the driver and his claim of
negligence?
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Breach of Warranty
The Texas Policy Coverages
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Coverage A - Dwelling & Other Structures
Coverage B - Personal Property
Extensions of Coverage - Loss of Use, Debris removal, Reasonable repairs,
trees shrubs plants & lawns.
Generally, if an employee suffers an occupational injury and accepts workers'
compensation benefits, he or she:
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, Gives up the right to sue the employer for personal injury and pain and
suffering. The employee can only make claim for workers' compensation
benefits.
An international shipping company wants to obtain insurance coverage on both
outgoing and incoming shipments while in transit. This type of coverage is called:
Give this one a try later!
a. Liability coverage
b. Cargo coverage
c. Freight coverage
Kevin is purchasing a home located on Galveston Island. After a recent hurricane
caused flood and water damage to many homes, he is considering the purchase of
Flood insurance and wants to know how much flood coverage he can purchase under
the NFIP programs. What is the maximum coverage limit available to Kevin?
Give this one a try later!
a. $225,000
b. $250,000
c. $100,000
Leis Oriental Restaurant suffers property damage when a motorist runs through a
plate glass window. Damage is extensive and the business must close for a month
while repairs are completed. Lei makes temporary repairs and then hires a contractor
for the remainder of the work. She personally oversees the repair work and pushes
the contractor hard to get finished. As a result of her efforts, she is able to resume
how long it would be before he receives payment for his claim. Which of the following
would NOT be an appropriate response?
Give this one a try later!
We have 6 months to reach a final settlement with you.
,Jim is a public adjuster. He has an arrangement with a water extraction company who
pays him a commission of 10% for every referral that Jim sends their way. Which of the
following statements is correct?
Give this one a try later!
This arrangement reflects a breach of ethical conduct and a violation that
could jeopardize Jim's licensure.
Identify the part of the insurance policy used to modify or make changes to the
coverage in some way:
Give this one a try later!
Endorsements
The Texas homeowners form that most closely compares to the popular HO-3 is the:
Give this one a try later!
HO-B
In the process of installing a new hot water tank, the insured's employee accidentally
sets a customer's home on fire when the torch he is using ignites flammable materials.
What coverage under the insured's Commercial General Liability policy would
respond to cover this claim?
Give this one a try later!
, a. Products and Completed Operations
b. Owners and Contractors Protective Liability
c. Premises and Operations
Jerome was driving on the interstate between Dallas and Ft. Worth and decided to
change into the left lane of travel. He did not see a car approaching from the rear in
the left lane at a high rate of speed. The car sideswiped Jerome's car and sent it
spinning until it ultimately crashed into a retainer wall. The other driver accused
Jerome of negligence in improperly changing lanes. Which of the following would
NOT be a defense that Jerome could possibly use against the driver and his claim of
negligence?
Give this one a try later!
Breach of Warranty
The Texas Policy Coverages
Give this one a try later!
Coverage A - Dwelling & Other Structures
Coverage B - Personal Property
Extensions of Coverage - Loss of Use, Debris removal, Reasonable repairs,
trees shrubs plants & lawns.
Generally, if an employee suffers an occupational injury and accepts workers'
compensation benefits, he or she:
Give this one a try later!
, Gives up the right to sue the employer for personal injury and pain and
suffering. The employee can only make claim for workers' compensation
benefits.
An international shipping company wants to obtain insurance coverage on both
outgoing and incoming shipments while in transit. This type of coverage is called:
Give this one a try later!
a. Liability coverage
b. Cargo coverage
c. Freight coverage
Kevin is purchasing a home located on Galveston Island. After a recent hurricane
caused flood and water damage to many homes, he is considering the purchase of
Flood insurance and wants to know how much flood coverage he can purchase under
the NFIP programs. What is the maximum coverage limit available to Kevin?
Give this one a try later!
a. $225,000
b. $250,000
c. $100,000
Leis Oriental Restaurant suffers property damage when a motorist runs through a
plate glass window. Damage is extensive and the business must close for a month
while repairs are completed. Lei makes temporary repairs and then hires a contractor
for the remainder of the work. She personally oversees the repair work and pushes
the contractor hard to get finished. As a result of her efforts, she is able to resume
