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TEXAS ALL LINES ADJUSTER EXAM 2025/2026 (QUESTIONS AND CORRECT ANSWERS) VERIFIED ANSWERS, Exams of Insurance law

Texas A & M University - TexarkanaInsurance law

1. What is a crucial element to the adjustment process? ✓ Answer: Claim investigation 2. The adjuster must set appointment to meet both the needs of the adjuster and the policyholder? ✓ Answer: At reasonable times 3. What should adjusters do to obtain a fair and equitable settlement? ✓ Answer: Work in Good Faith 4. What should you do to make sure your policyholder always stays informed? ✓ Answer: Timely Follow Up 5. The claim activit log must be clear, concise, factual, and always? ✓ Answer: Up to date

Typology: Exams

2024/2025

Available from 04/07/2025

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TEXAS ALL LINES ADJUSTER EXAM
2025/2026 (QUESTIONS AND CORRECT
ANSWERS) VERIFIED ANSWERS
1. What is a crucial element to the adjustment process?
✓ Answer: Claim investigation
2. The adjuster must set appointment to meet both the needs of the adjuster and the
policyholder?
✓ Answer: At reasonable times
3. What should adjusters do to obtain a fair and equitable settlement?
✓ Answer: Work in Good Faith
4. What should you do to make sure your policyholder always stays informed?
✓ Answer: Timely Follow Up
5. The claim activit log must be clear, concise, factual, and always?
✓ Answer: Up to date
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Download TEXAS ALL LINES ADJUSTER EXAM 2025/2026 (QUESTIONS AND CORRECT ANSWERS) VERIFIED ANSWERS and more Exams Insurance law in PDF only on Docsity!

TEXAS ALL LINES ADJUSTER EXAM

2025 /202 6 (QUESTIONS AND CORRECT

ANSWERS) VERIFIED ANSWERS

  1. What is a crucial element to the adjustment process? ✓ Answer: Claim investigation
  2. The adjuster must set appointment to meet both the needs of the adjuster and the policyholder? ✓ Answer: At reasonable times
  3. What should adjusters do to obtain a fair and equitable settlement? ✓ Answer: Work in Good Faith
  4. What should you do to make sure your policyholder always stays informed? ✓ Answer: Timely Follow Up
  5. The claim activit log must be clear, concise, factual, and always? ✓ Answer: Up to date
  1. Adjuster should make initial contact within ✓ Answer: 24 hours
  2. Adjusters should remain... ✓ Answer: calm and professional
  3. The employee has to report injury in days ✓ Answer: 30 days
  4. Two examples of compensation provided by worker's compensation? ✓ Answer: Paying for medical bills and replacing bills
  5. How many types of worker' comp disability? ✓ Answer: 4
  6. Workers Compensation provides income and medical if they are? ✓ Answer: Injured on the job?
  7. An employee of Office of Injured Employee Counsel is known as? ✓ Answer: Ombudsman

✓ Answer: Liability

  1. Mary has a homeowner's policy. Her Coverage A limit of liability is $250,000 and her Coverage B limit of liability is $125,000. Her policy has a 2% deductible. What is her deductible? ✓ Answer: $5,
  2. The part of the insurance policy that details the rights and duties of the insured and the insurance company in the policy? ✓ Answer: Conditions
  3. What is a partial legal defense that reduces the amount of damages that a person can recover based upon the amount that this person's own negligence contributed to the loss? ✓ Answer: Comparative Negligence
  4. Value of property based on the current cost to replace it minus depreciation? ✓ Answer: Actual Cash Vale
  5. This type of Auto Coverage pays for your damages if you were involved in a hit and run: ✓ Answer: Uninsured Motorist
  6. What is the cost associated with replacing property at current market prices?

✓ Answer: Replacement Cost

  1. The process when an insurer and insured have a dispute regarding the amount of the damage: ✓ Answer: Appraisal
  2. The intentional misrepresentation of a material fact that may void a contract? ✓ Answer: Fraud
  3. What is the type of negotiation that is also sometimes called positional or hard- bargaining? ✓ Answer: Distributive
  4. An event that results in an insured loss and damages? ✓ Answer: Occurrence
  5. What is the period a policy is in force, from the beginning or effective date? ✓ Answer: Policy Period
  6. The amount the insured must pay in a loss before any payment is due? ✓ Answer: Deductible
  1. Established in 1991 to ensure prompt payment of insurance claims? ✓ Answer: Article 21.
  2. An insurer may not consider a as a basis for declination? ✓ Answer: Customer Inquiry
  3. An insurer may refuse to renew a policy if the insurer has mailed notice of nonrenewal to the insured at least days before the policy's expiration date? ✓ Answer: 30
  4. If the insurer needs additional time to evaluate and investigate a claim, they can request how many additional days? ✓ Answer: 45 Calendar Days
  5. Under the Texas HO-B, the structure is covered for what type of losses? ✓ Answer: All risk of physical loss, unless excluded
  6. Under the Texas HO-B, jewelry, watches, and furs are limited to? ✓ Answer: $500 for losses caused by theft
  7. Under the Texas HO-B policy, the most paid for a tree?

✓ Answer: $

  1. The Special Limit of Liability for Bullion/ Valuable Papers is? ✓ Answer: $
  2. HO-B policy, you would choose the Deductible Clause 1 for losses caused by? ✓ Answer: Windstorm, Hurricane, Hail
  3. Trees, shrubs, plants, and lawns are not covered for losses caused by? ✓ Answer: Windstorm
  4. If your policyholder has a percentage deductible, how do you determine what the deductible amount is? ✓ Answer: Apply the percentage to Coverage A limit of liability