Claims Adjuster Exam Questions With
Complete Solutions
Multi Peril-Package - CORRECT ANSWER✔✔-Any policy which provides
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property & liability coverage (not homeowner)
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ISO policy - CORRECT ANSWER✔✔-Sold in Texas, but not Texas form
| | | | | | | | | |
Only Texas DP 1 - CORRECT ANSWER✔✔-Mainly the only TDP sold, now
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with plethora of endorsements
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Texas Standard Fire Policy - CORRECT ANSWER✔✔-Granddaddy of all
| | | | | | | | |
Texas property policies
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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
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ANSWER✔✔-3k gallons of milk in tanker truck | | | | | |
,Texas Standard, Standard Fire & Business Owner - CORRECT
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ANSWER✔✔-Would all cover damage to something like a gift card shop | | | | | | | | | | |
fire
Tx Personal Auto Policy e.g. - CORRECT ANSWER✔✔-Owner of family
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far, for potential injury to other people
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Trucker's policy - CORRECT ANSWER✔✔-Trucking company, for
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potential damage to other people's trailers which the trucking company
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may be pulling
| |
Actual Cash Value (ACV) - CORRECT ANSWER✔✔-Replacement cost less
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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
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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
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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?
| | |
When can you get TAIPA - CORRECT ANSWER✔✔-Once you've been
| | | | | | | | | |
rejected by 2 or more insurance companies
| | | | | |
Complete Solutions
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?
| | |
When can you get TAIPA - CORRECT ANSWER✔✔-Once you've been
| | | | | | | | | |
rejected by 2 or more insurance companies
| | | | | |
