Texas Adjuster Unit 2 (Well-enlightened)

A person that markets and sells insurance policies to the public is known as A) the adjuster B) the Commissioner C) the governor D) the agent correct answers the agent In order for the adjusters to perform their job functions, they are required to know all of the following EXCEPT A) how much money the insured makes B) policy language C) case law derived from judicial decisions D) established company methods and procedures correct answers how much money the insured makes What level of fiduciary responsibility do adjusters have to adhere to? A) Extraordinary B) Expert C) Normal D) Legal correct answers Extraordinary All of the following would be considered an illegal incentive received by an adjuster EXCEPT A) an all expense paid trip B) free car washes for one year C) reimbursement of expenses by an insurance company D) tickets to upcoming football game from customer correct answers reimbursement of expenses by an insurance company All of the following would be considered a breach of the Statement of Principles EXCEPT A) advising claimants as to their legal rights B) advising a claimant against seeking legal advice C) communicating with a claimant who is represented by an attorney D) explaining the policy provisions to a claimant correct answers explaining the policy provisions to a claimant What is the "special level" duty not often expected of other professionals called that requires an adjuster to properly and promptly attend to business? A) Extraordinary fiduciary responsibility B) Job security C) Correct claims handling D) The right thing correct answers Extraordinary fiduciary responsibility Which of the following must adjusters know in order to perform their job duties? A) Rules promulgated (i.e., published) by the various authorities like the Department of Insurance