Texas all lines adjuster exam Questions and Answers Explained (Latest ) RATED A+.pdf

Texas all lines adjuster exam (Actual Exam
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) (100% Correct Answers) (350+ Questions
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) (Recently Updated 2023-2024 Exam)
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Allgofgthegfollowinggaregcriteriagforgangaccidentgtoghavegoccurredg"ingthegcoursegof"gthegempl
oymentgundergagworkers'gcompensationgpolicy,gEXCEPT:g---------gCORRECTgANSWERg--
---
gWhilegperforminggagtaskgthatgagfellowgworkergrequested,gthatgwasgunusualgtogthegemploye

e'sgjobgdescription,gbutgoccurredgongthegemployer'sgpremisesgduringgworkingghours.

WhichgofgthegfollowinggstatementsgisgNOTgTRUEgregardinggthegimpliedgwarrantiesgofgangO
ceangMarinegpolicy?g---------gCORRECTgANSWERg-----
gThegimpliedgwarrantiesgaregattachedgtogthegpolicygasgangendorsement..




ParmeliagisgcoveredgundergtwogseparategstandardizedgPersonalgAutomobilegpolicies,gwithg
PartgCglimitsgundergbothgpoliciesgsetgatg$200,000.gParmeliagisginvolvedgingangaccidentgwithg
anguninsuredgmotoristgandgshegsustainsgbodilyginjurygdamagesgforg$262,320.gHowgmuchgw
illgParmeliagreceivegwhengshegsubmitsgagclaimgforgthesegdamagesg---------
gCORRECTgANSWERg-----g$200,000




WhichgofgthegfollowinggendorsementsgmustgbegattachedgtogagstandardgBusinessownersgpo
licygforgcoveragegtogapplygtogagbusinessesgfreezergthatgwasgdamagedgbygtheginterruptiongof
gagpowergsourceg---------gCORRECTgANSWERg-----gUtilitygServicesg-

gDirectgDamagegendorsement.




Aftergcompletingganginspectiongofganginsured'sgpressuregequipmentgandgfiregsuppressiongs
ystems,gtheginspectorgdeterminesgthatgthegpressuregequipmentgneedsgtogbegrepairedgandgt
hegsuppressiongsystemsghavegnotgbeengcleanedgandginspectedgingthegtimegframegrequiredg
bygthegpolicy.gTheginsurergwill:g---------gCORRECTgANSWERg-----
gSuspendgcoveragegimmediatelygbygredgtagginggthegitemsguntilgtheygaregrepaired,gcleanedg

andgpassgreinspection

TogbegeligiblegforgcoveragegundergagstandardizedgDwellinggpolicy,gtheginsuredgmustgnotgall
owgmoregthang_______gboardersgtoglivegongthegpremises.g---------gCORRECTgANSWERg---
--g5

Allgofgthegfollowinggareg"PerilsgofgthegSea"gundergangOceangMarinegpolicy,gEXCEPT:g--------
-gCORRECTgANSWERg-----gPirates

Thegamountgofginsurancegcountersigned,gissued,gorgsoldgbygangagentgorgproducergtogcoverg
immediategfamilygmembers,gangemployer,gorgemployeesgisgknowngas:g---------
gCORRECTgANSWERg-----gControlledgbusiness

,WhichgofgthegfollowinggstandardizedgDwellingginsurancegformsgprovidesgcoveragegforglossg
ofgrentalgincomeg---------gCORRECTgANSWERg-----gThegDP-1,gDP-2,gandgDP-3gforms

Theg"PartgBg-
gMedicalgPayments"gcoveragegofgagpersonalgautomobilegpolicygcoversginjuriesgforgallgofgthe

gfollowing,gEXCEPT:g---------gCORRECTgANSWERg-----

gAgpassengergwhogisginjuredginganothergvehiclegthatgisgstruckgbygtheginsured'sgvehiclegingang

accident

WhichgofgthegfollowinggaregthegTexasgWorkers'gCompensationgbenefitsgthatgaregincreasedg
bygagcost-of-livinggadjustmentg(COLAs)g---------gCORRECTgANSWERg-----
gLifetimegIncomegBenefitsg(LIBs)gonly




Hannahgmustgtakegtimegawaygfromgworkgtoghelpgassistgingtheginvestigationgofgagclaimgthatgw
asgmadegagainstghergBOPgpolicy.gThegpolicygwillgpaygforgHannah'sgactualglossgofgearningsg
upgto:g---------gCORRECTgANSWERg-----g$250gpergday.

SurplusgLinesgcompaniesgingTexasghaveg_____gtogacknowledgegthegreceiptgofgagclaim.g----
-----gCORRECTgANSWERg-----g30gdays.

Allgofgthegfollowinggaregcharacteristicsgofgagprincipalgthatgagsuretygwillgscrutinizegduringgtheg
underwritinggprocess,gEXCEPT:g---------gCORRECTgANSWERg-----gConsideration.

UndergSectiongIIgofgagHomeownersgpolicy,gagcemeterygplotgownedgbygtheginsuredgisgconsid
eredgtogbe:g---------gCORRECTgANSWERg-----gAnginsuredglocation.

WhichgofgthegfollowinggisgNOTgonegofgthegfourgmajorgcoveragesgofgangOceangMarinegpolicy
?g---------gCORRECTgANSWERg-----gSeaworthiness.

Agshipghasgsufferedgdamagegandgsunk.gWhichgofgthegfollowinggwouldgrespondgtogcovergtheg
lossgofgthegship?g---------gCORRECTgANSWERg-----gHullgInsurance.

Asgagfiduciarygagent,gangadjusterghasgthegpowergtogbindgtheginsurer.gWhichgofgthegfollowingg
statementsgisgFALSEgregardinggthisgpower?g---------gCORRECTgANSWERg-----
gOnlygangadjuster'sgwrittengstatementsgcanglegallygbindganginsurer.




ThegstandardizedgDwellinggformsgconsidergallgeruptionsgofgagvolcanogwithingag__________
gperiodgtogbegagsingleg"occurrence".g---------gCORRECTgANSWERg-----g72-hour




Whosegresponsibilitygisgitgtogcompletegag"proofgofgloss"?g---------gCORRECTgANSWERg-----
gThegclaimant.




WhichgofgthegfollowinggwouldgNOTgbegdeterminedgbygagcourtgwhenganginsurerghasgfiledgagd
eclaratorygjudgmentgaction?g---------gCORRECTgANSWERg-----
gThegtypegandgamountgof gdamagesgthatgwillgbegpaidgtogagplaintiff gforgthegclaimgthatgisgbeingg

disputed.

,WhichgofgthegfollowinggstatementsgisgTRUEgregardinggthegHomeownersg"additionalgcovera
ge"gknowngasgLandlord'sgFurnishings?g---------gCORRECTgANSWERg-----
gThegcoveragegisgnotgadditionalginsurancegandgdoesgnotgincreasegtheglimitsgofgthegpolicy.




WhichgofgthegfollowinggwouldgbegcoveredgundergthegJonesgAct?g---------
gCORRECTgANSWERg-----gCrewgmembersgofgagship.




AllgofgthegfollowinggstatementsgaregtruegregardinggagPersonalgLiabilitygSupplement,gEXCE
PT:g---------gCORRECTgANSWERg-----gThegpolicygwillgcovergwatercraftgliability.

WhichgofgthegfollowinggstatementsgisgTRUEgregardinggCommercialgPropertygcoverage?g---
------gCORRECTgANSWERg-----
gCommercialgpropertygcoveragegcangbegwrittengasgbothgagmonolinegpolicygandgasgpartgofgag

packagegpolicy.

Whatgtypegofginsurancegisgusuallygprovidedgorgsubsidizedgbygthegstategorgfederalggovernme
ntgbecausegitgisgnotgordinarilygavailablegfromgprivateginsurers?g---------
gCORRECTgANSWERg-----gResidualgmarketginsurance.




Thegoptionalgcoveragegforg"EmployeegDishonesty"gundergagstandardgBusinessownersgpoli
cygprovidesgag"discoverygperiod"gforgtheginsuredgtogdiscovergthegdishonestgactgandghavegco
veragegstillgapply.gWhichgofgthegfollowinggstatementsgbestgdescribesgtheg"discoverygperiod
"gforgthisgoptionalgcoverage?g---------gCORRECTgANSWERg-----
gTheg"discoverygperiod"gisgonegyeargfromgthegendgofgthegpolicygperiod.




WhichgofgthegfollowinggwouldgbegconsideredgangUnfairgClaimgSettlementgPractice?g---------
gCORRECTgANSWERg-----

gFailinggtogdenygcoveragegofgagclaimgwithingagreasonablegamountgofgtimegaftergconcludinggt

heginvestigation

WhichgofgthegfollowinggisgTRUEgregardinggthegDP-
2gBroadgFormgcoveragegforg"artificiallyggeneratedgelectricalgcurrent"?g---------
gCORRECTgANSWERg-----

gAgfiregmustgbegthegresultgofgthegartificiallyggeneratedgelectricalgcurrentgforgcoveragegtogappl

y..

ThegCommercialgBuildinggandgPersonalgPropertygcoveragegformgprovidesgfivegextensionsg
ofgcoverage,gbutgonlygif:g---------gCORRECTgANSWERg-----
gAng80%gorghighergcoinsurancegpercentagegisgshowngongthegDeclarationsgpage,gandgthegpr

opertygamountgofgcoverage,gbasedgongthatgpercentage,gisgpurchased.

Allgofgthegfollowinggwouldgbegconsideredg"uninsuredgmotorists",gEXCEPT:g---------
gCORRECTgANSWERg-----

gAgmotoristgdrivinggwithgcoveragegupgtogthegrequiredgstategfinancialgresponsibilityglimitsgforgl

iability,gbutgnotghighgenoughgtogpaygthegclaimsgforgangat-faultgaccident.

, RegulationgofgtheginsurancegindustrygingthegUnitedgStatesgisgprimarilygleftgto:g---------
gCORRECTgANSWERg-----gStateggovernments.




WhichgofgthegfollowinggcoveragesgdoesgNOTgneedgtogbegaddedgtogagGaragegCoveragegfor
mgbygendorsementgforgcoveragegtogapply?g---------gCORRECTgANSWERg-----gCollision.

ChazgtakesghisggirlfriendgtogangexpensivegrestaurantgforgValentine'sgDay.gItgisgraining,gsogh
egdecidesgtoghavegthegvaletgparkghisgcar,gsavingghisggirlfriendgfromggettinggwet.gThegvaletgisg
drivinggthegcargintogthegrestaurant'sgparkingggarage,gwhenghegclipsgthegsidegofgtheggaragege
ntrancegwithgthegfrontgfendergofgChaz'sgcar.gTheggaragegwallgneedsgtogbegrepairedgasgwellg
asgthegfendergandgheadlightgofgChaz'sgcar.gHowgwouldgPartgDgofgChaz'sgPersonalgAutomob
ilegrespondgtogthisgloss?g---------gCORRECTgANSWERg-----
gItgwouldgcovergtheglossgtogChaz'sgcargbecausegitgisgtheginsuredgautomobile,gbutgwouldgnotgc

overgthegdamagegtogtheggarage..

WhichgofgthegfollowinggstatementsgisgTRUEgregardinggthegcoveragegextensiongofgthegstand
ardgBusinessownersgpolicygforg"BusinessgPersonalgPropertygTemporarilygingPortablegStor
agegUnits"?g---------gCORRECTgANSWERg-----
gCoveragegwillgnotgapplygifgthegstoragegunitghasgbeengongtheginsuredgpremisesgforglongergth

ang90gdays,gevengifgthegbusinessgpersonalgpropertyghasgonlygbeengstoredgtheregforglessgtha
ng90gdays.

WhichgofgthegfollowinggwouldgbegconsideredgagPartgDg-
gOthergThangCollisiongclaimgundergagPersonalgAutomobilegclaim?g---------

gCORRECTgANSWERg-----

gAgloadgofgbricksgfallinggfromgangapartmentgbuildinggontogthegcar.




ThegSectiongIgAdditionalgCoveragegofgthegstandardgBusinessownersgpolicygprovidesgcover
agegforg"DebrisgRemoval".gWhichgofgthegfollowinggstatementsgbestgdescribesgtheglimitgforgt
hisgcoverage?g---------gCORRECTgANSWERg-----
gThegtotalglimitgmaygbegupgtog25%gofgthegpolicyglimitgforgtheglossgpayablegwithgthegdeductible

gincluded,gplusgupgtogangadditionalg$25,000gifgthegpolicyglimitsgaregexhausted




Angagent,ginsuredgorgclaimantghasgintentionallygdeceivedganginsurergforgfinancialggain.gSuc
hgangactgisgknowngas:g---------gCORRECTgANSWERg-----gFraud

WhichgofgthegfollowingglossesgwouldgbegcoveredgundergagCommercialgPropertygpolicygwithg
thegspecialgcausegofglossgformgattached?g---------gCORRECTgANSWERg-----
gAgfiregthatgbreaksgoutgingangofficegbuildinggandgcausesgdamagegtogtwogofgthegoffices..




IfgthegNavigationalgLimitsgorgLay-
UpgperiodgshowngongthegDeclarationsgpagegofgagstandardizedgYachtgpolicygisgbreachedgbe
causegofgsomethinggoutgofgthegcontrolgofgtheginsured:g---------gCORRECTgANSWERg-----
gTheginsurergmustgbegnotifiedgwithing10gdaysgaftergthegbreachgandganygadditionalgpremiumgt

hatgisgduegmustgbegpaid.