TEXAS ADJUSTER EXAM 2023-2024 ACTUAL EXAM
100 QUESTIONS AND CORRECT DETAILED ANSWERS
(VERIFIED ANSWERS) |AGRADE
If you have a covered loss, in excess of a limit, you can apply that excess
towards the deductible. This best describes? – ANSWER- Absorbing the
deductible
What type of contract exists when the insurance policy is valid even
though there is an unequal exchange? – ANSWER- Aleatory Contract
What is the intentional or unintentional impression by the insurance
company that a certain fact exists when it does not? – ANSWEREstoppel
An event that results in an insured loss \/ damages. – ANSWEROccurrence
Joseph ross owns a 2014 Toyota Avalon. while at the mall shopping,
someone hit his car and left a big dent on the right side of his car. He
does not know who hit his car, and there are no witnesses to this
accident. What type of insurance protection does he need to protect him
from financial loss in this situation – ANSWER- Comprehensive
Morris has a Texas Dwelling policy on his property. His property burns
down in a fire. He claims that he has also sustained a financial loss
because he is not able to rent the property to his tenants. What can you
tell him? – ANSWER- He has coverage for loss of fair Rental Value
Method of dispute resolution that occurs when there is a dispute
regarding whether or not something is covered under the policy –
ANSWER- Arbitration<\/p>\n\n\n\n
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? – ANSWER- John must be found legally liable for
the incident
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? – ANSWER- 8 days
Provisions in an insurance policy that indicates what is not covered? –
ANSWER- Exclusions
As a public administrator you want to get insurance for your county’s
bridges and tunnels. What kind of policy would you look for? –
ANSWER- Inland Marine
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? – ANSWER- The
contents are covered up to 10% of the Coverage B limit of liability.
Is the size of a loss, the extent of damages – ANSWER- Severity
What is the intentional relinquishment of a known right by the insurance
company or agent upon which the insured relies – ANSWER- Wavier
You have concluded your claim investigation and called your
policyholder to discuss the settlement of their claim. How long do you
have to make payment to your policyholder? – ANSWER- 5 Calendar
days
<\/p>\n","protected":false},"excerpt":{"rendered":"
TEXAS ADJUSTER EXAM 2023-2024 ACTUAL EXAM100 QUESTIONS AND CORRECT DETAILED ANSWERS(VERIFIED ANSWERS) |AGRADEIf you have a covered loss, in excess of a limit, you can apply that excesstowards the deductible. This best describes? – ANSWER- Absorbing thedeductibleWhat type of contract exists when the insurance policy is valid eventhough there is an unequal exchange? – ANSWER- […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[25],"tags":[],"class_list":["post-112517","post","type-post","status-publish","format-standard","hentry","category-exams-certification"],"_links":{"self":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts\/112517","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/comments?post=112517"}],"version-history":[{"count":0,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts\/112517\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/media?parent=112517"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/categories?post=112517"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/tags?post=112517"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}