Texas all lines adjuster exam Questions an
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d Answers Explained (Latest 2023/2024)RA
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TED A+ m
Economic loss that is the consequence of a direct loss is known as: -
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m correct answer ✅An indirect loss.
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An insured has a $1,000 insurance claim and is able to prove his loss and it
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s value. The insurer's adjuster offers $500, knowing that the claimant woul
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d probably take the offer to avoid incurring the cost of an attorney to sue f
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or the actual amount of the claim. The offer made by the adjuster is consid
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ered
- correct answer ✅To be an unfair claims settlement practice.
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What is generally excluded on the Condominium Commercial Unit-
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Owners form? - correct answer ✅Building coverage..
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Which of the following statements is NOT TRUE regarding the implied warr
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anties of an Ocean Marine policy? -
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m correct answer ✅The implied warranties are attached to the policy as an e
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ndorsement..
The "Medical Payments" section of the standard Yacht policy will provide c
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overage for all of the following, EXCEPT: -
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correct answer ✅A scuba diving accident when diving from the insured bo
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,at..
,Texas all lines adjuster exam Questions and AnswersExpl
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ained (Latest 2023/2024) RATED A+
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Which of the following endorsements must be attached to a standard Busi
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nessowners policy for coverage to apply to a businesses freezer that was da
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maged by the interruption of a power source -
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m correct answer ✅Utility Services - Direct Damage endorsement.
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After completing an inspection of an insured's pressure equipment and fire
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m suppression systems, the inspector determines that the pressure equipme
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nt needs to be repaired and the suppression systems have not been cleane
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d and inspected in the time frame required by the policy. The insurer will: -
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m correct answer ✅Suspend coverage immediately by red tagging the items
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m until they are repaired, cleaned and pass reinspection
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To be eligible for coverage under a standardized Dwelling policy, the insure
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d must not allow more than
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m correct answer ✅5
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All of the following are "Perils of the Sea" under an Ocean Marine policy, EX
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CEPT: - correct answer ✅Pirates
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Texas all lines adjuster exam Questions and AnswersExpl
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ained (Latest 2023/2024) RATED A+
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, Texas all lines adjuster exam Questions and AnswersExpl
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ained (Latest 2023/2024) RATED A+
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The amount of insurance countersigned, issued, or sold by an agent or pro
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ducer to cover immediate family members, an employer, or employees is kn
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own as: - correct answer ✅Controlled business
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Which of the following standardized Dwelling insurance forms provides
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coverage for loss of rental income - correct answer ✅The DP-1, DP-
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2, and DP-3 forms
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All of the following are criteria for an accident to have occurred "in the cou
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rse of" the employment under a workers' compensation policy, EXCEPT: -
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correct answer ✅While performing a task that a fellow worker requested,
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that was unusual to the employee's job description, but occurred on the e
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mployer's premises during working hours.
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Parmelia is covered under two separate standardized Personal Automobile p
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olicies, with Part C limits under both policies set at $200,000. Parmelia is in
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volved in an accident with an uninsured motorist and she sustains bodily
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Texas all lines adjuster exam Questions and AnswersExpl
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ained (Latest 2023/2024) RATED A+
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d Answers Explained (Latest 2023/2024)RA
m m m m m
TED A+ m
Economic loss that is the consequence of a direct loss is known as: -
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m correct answer ✅An indirect loss.
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An insured has a $1,000 insurance claim and is able to prove his loss and it
m m m m m m m m m m m m m m m
s value. The insurer's adjuster offers $500, knowing that the claimant woul
m m m m m m m m m m m
d probably take the offer to avoid incurring the cost of an attorney to sue f
m m m m m m m m m m m m m m m
or the actual amount of the claim. The offer made by the adjuster is consid
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ered
- correct answer ✅To be an unfair claims settlement practice.
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What is generally excluded on the Condominium Commercial Unit-
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Owners form? - correct answer ✅Building coverage..
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Which of the following statements is NOT TRUE regarding the implied warr
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anties of an Ocean Marine policy? -
m m m m m m
m correct answer ✅The implied warranties are attached to the policy as an e
m m m m m m m m m m m m
ndorsement..
The "Medical Payments" section of the standard Yacht policy will provide c
m m m m m m m m m m m
overage for all of the following, EXCEPT: -
m m m m m m m
correct answer ✅A scuba diving accident when diving from the insured bo
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,at..
,Texas all lines adjuster exam Questions and AnswersExpl
m m m m m m m m
ained (Latest 2023/2024) RATED A+
m m m m
Which of the following endorsements must be attached to a standard Busi
m m m m m m m m m m m
nessowners policy for coverage to apply to a businesses freezer that was da
m m m m m m m m m m m m
maged by the interruption of a power source -
m m m m m m m m
m correct answer ✅Utility Services - Direct Damage endorsement.
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After completing an inspection of an insured's pressure equipment and fire
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m suppression systems, the inspector determines that the pressure equipme
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nt needs to be repaired and the suppression systems have not been cleane
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d and inspected in the time frame required by the policy. The insurer will: -
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m correct answer ✅Suspend coverage immediately by red tagging the items
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m until they are repaired, cleaned and pass reinspection
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To be eligible for coverage under a standardized Dwelling policy, the insure
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d must not allow more than
m m m m m boarders to live on the premises. -
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m correct answer ✅5
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All of the following are "Perils of the Sea" under an Ocean Marine policy, EX
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CEPT: - correct answer ✅Pirates
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Texas all lines adjuster exam Questions and AnswersExpl
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ained (Latest 2023/2024) RATED A+
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, Texas all lines adjuster exam Questions and AnswersExpl
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ained (Latest 2023/2024) RATED A+
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The amount of insurance countersigned, issued, or sold by an agent or pro
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ducer to cover immediate family members, an employer, or employees is kn
m m m m m m m m m m m
own as: - correct answer ✅Controlled business
m m m m m m
Which of the following standardized Dwelling insurance forms provides
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coverage for loss of rental income - correct answer ✅The DP-1, DP-
m m m m m m m m m m m
2, and DP-3 forms
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All of the following are criteria for an accident to have occurred "in the cou
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rse of" the employment under a workers' compensation policy, EXCEPT: -
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correct answer ✅While performing a task that a fellow worker requested,
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that was unusual to the employee's job description, but occurred on the e
m m m m m m m m m m m m
mployer's premises during working hours.
m m m m
Parmelia is covered under two separate standardized Personal Automobile p
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olicies, with Part C limits under both policies set at $200,000. Parmelia is in
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volved in an accident with an uninsured motorist and she sustains bodily
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Texas all lines adjuster exam Questions and AnswersExpl
m m m m m m m m
ained (Latest 2023/2024) RATED A+
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