Adjusting Test 2023 With verified
solutions
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 ANS 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 ? - CORRECT ANS 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? - CORRECT ANS 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? - CORRECT ANS 25,000
Texas Spring Company produced 100 defective springs last month. What type of
claim can be brought against them in this situation? - CORRECT ANS 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? - CORRECT ANS
He did not report his injury to his employer within 30 days
Which of the following statements is true? - CORRECT ANS 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. - CORRECT
ANS 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? - CORRECT ANS Mediate
You make initial contact with your insured. During this conversation, you should -
CORRECT ANS Obtain the loss facts and set an appointment to inspect the
damages
What are the types of adjuster licenses approved for issuance in Texas? -
CORRECT ANS 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. - CORRECT ANS $63,000
Replacement cost less depreciation best defines - CORRECT ANS 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
, Adjusting Test 2023 With verified
solutions
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? - CORRECT ANS $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? - CORRECT ANS
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 -
CORRECT ANS 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? - CORRECT ANS 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? - CORRECT ANS 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? - CORRECT ANS 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. - CORRECT ANS $900
Your re handling a claim, and your policyholder has hired a Public Adjuster. Which of
the following is NOT an appropriate response? - CORRECT ANS 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? -
CORRECT ANS Product Liability
This type of Bond guarantees contractual obligation will be fulfilled? - CORRECT
ANS 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? - CORRECT ANS Start over by taking the Pre-licensning course & exam
and resubmitting application
Mary Johnson owns a local maid service. She want to get some form of protection to
protect her company against dishonesty on the part of her employees. What type of
bond does she need to get to protect her company? - CORRECT ANS Fidelity
Bond
Pam's home has been burglarized. The total value of the stolen contents is $7,000.
You advise her that she needs to file a police report. Which of the following
statements is correct? - CORRECT ANS A police report is needed per section 1
conditions
_________ is a situation involving a person other than the insurer and insured? -
CORRECT ANS Third Party Loss
solutions
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 ANS 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 ? - CORRECT ANS 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? - CORRECT ANS 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? - CORRECT ANS 25,000
Texas Spring Company produced 100 defective springs last month. What type of
claim can be brought against them in this situation? - CORRECT ANS 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? - CORRECT ANS
He did not report his injury to his employer within 30 days
Which of the following statements is true? - CORRECT ANS 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. - CORRECT
ANS 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? - CORRECT ANS Mediate
You make initial contact with your insured. During this conversation, you should -
CORRECT ANS Obtain the loss facts and set an appointment to inspect the
damages
What are the types of adjuster licenses approved for issuance in Texas? -
CORRECT ANS 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. - CORRECT ANS $63,000
Replacement cost less depreciation best defines - CORRECT ANS 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
, Adjusting Test 2023 With verified
solutions
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? - CORRECT ANS $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? - CORRECT ANS
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 -
CORRECT ANS 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? - CORRECT ANS 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? - CORRECT ANS 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? - CORRECT ANS 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. - CORRECT ANS $900
Your re handling a claim, and your policyholder has hired a Public Adjuster. Which of
the following is NOT an appropriate response? - CORRECT ANS 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? -
CORRECT ANS Product Liability
This type of Bond guarantees contractual obligation will be fulfilled? - CORRECT
ANS 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? - CORRECT ANS Start over by taking the Pre-licensning course & exam
and resubmitting application
Mary Johnson owns a local maid service. She want to get some form of protection to
protect her company against dishonesty on the part of her employees. What type of
bond does she need to get to protect her company? - CORRECT ANS Fidelity
Bond
Pam's home has been burglarized. The total value of the stolen contents is $7,000.
You advise her that she needs to file a police report. Which of the following
statements is correct? - CORRECT ANS A police report is needed per section 1
conditions
_________ is a situation involving a person other than the insurer and insured? -
CORRECT ANS Third Party Loss
