CHAPTER 6 - TEXAS ALL LINES EXAM QUESTIONS

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CHAPTER 6 - TEXAS ALL LINES EXAM QUESTIONS

Actual Qs and Ans - Expert-Verified Explanation -Guaranteed passing score -14 Questions and Answers

-Format: Multiple-choice / Flashcard

Question 1: HO-8 and HO-A Policies

Answer:

-Basic named perils policy -Covers 10 specific perils -Offers the most basic protection -HO-A is the most commonly used in Texas

Question 2: Dwelling Policies Apply to ...

Answer:

-3-4 family dwellings -rental units -dwellings with less than minimum value required for homeowners forms -dwellings owned by entities such as corporations

Question 3: ISO

Answer:

Insurance Security Office

Question 4: How do you obtain a policy for an assigned claim?

Answer:

-the adjusting firm should supply you with a complete copy of the policy -go online and find one with a search engine

Question 5: HO-2 and HO-A+ Policies

Answer:

-The + stands for amended -Broad named perils policy -HO-A+ is the most commonly used in Texas

Question 6: Types of Commercial Policies

Answer:

-Property -General Liability -Fire -Crime -Marine -Worker's Compensation -Aviation -Auto -Health Question 7: Section II : Liability

Answer:

Generally consistent between policies regardless of Section I, not typically an area of concern for adjusters

Question 8: RCB

Answer:

Replacement Cost Benefits, which includes structures and contents

Question 9: Medical Payments to Others

Answer:

Pays for medical and other related expenses for others who are injured during personal activities on the insured's property.Question 10: Section II : Personal Liability

Answer:

Section II of a property insurance form

Question 11: Farm Policies

Answer:

-Have both personal and business exposures -Also covers extends to bodily injury and property damage caused by faring operations and personal activities

Question 12: Types of Dwelling Property Policies

Answer:

DP-1 : Basic

DP-2 : Broad

DP-3 : Special

Question 13: Section I : Property

Answer:

This is the primary section that claims adjusters refer to in order to properly adjust loss.

Question 14: HO-3 and HO-B Policies

Answer:

-All-Risk coverage for Dwelling -Named perils for Contents -HO-B has additional water damage over HO-3 -HO-B is the most commonly used in Texas -Special form policies