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TEXAS ALL-LINES ADJUSTER COURSE FINAL EXAM
Actual Qs and Ans Expert-Verified Explanation
This Exam contains:
-Guarantee passing score -100 Questions and Answers -format set of multiple-choice -Expert-Verified Explanation Question 1: Janelle has just graduated college and is interested in becoming an adjuster.she would like to be able to handle any type of claim. The most comprehensive type of
license would be:
Answer:
All-Lines Question 2: In May, the owners of the Bayside Inn closed to take a vacation. They boarded up the motel and didn't return until in late August, only to find that someone had broken into the motel, stolen their computers, security system, and the televisions in each room. They incurred $9,500 in property damage to the building and $16.350 in theft losses. The Inn has a commercial Building and Personal Property coverage form with a $500 deductible with Replacement Cost coverage. Is the loss covered and, if so. what would you pay?
Answer:
It would not be covered. If a property is left vacant for more than 60 consecutive days, theft and vandalism coverages are suspended.Question 3: Jim is a public adjuster. He has an arrangement with a water extraction company who pays him a commission of 10% for every referral that Jim sends their way. Which of the following statements is correct?
Answer:
This arrangement reflects a breach of ethical conduct and a violation that could jeopardize Jim's licensure.
Question 4: Garrett wants a Texas All Lines Adjuster's license. Which of the following actions will be necessary for Garrett to secure such a license?
Answer:
Pass a state qualifying exam or pre-licensing course that is certified by the Texas Department of Insurance that includes an approved, comprehensive final examination of 150 questions, and attach the Certificate of Completion to an application for licensure.Question 5: An insured sandwich shop served a customer a tuna sandwich made with mayonnaise that had gone bad. The customer became extremely ill and made a claim for medical expenses, lost wages, and pain and suffering. Assume that the sandwich shop had a full suite of insurance coverages in its portfolio. What kind of coverage would respond to such a claim?
Answer:
- Completed Operations Liability
- Premises and Operations Liability
- Contractual Liability
Question 6: In Texas, other than emergency adjusters, who must have an adjuster's license?
Answer:
All adjusters, regardiess of type of claim handled or source of employment Question 7: XYZ Laundry has a commercial property policy with your company. One day an XYZ employee dropped a cigarette into a waste basket without putting it out completely and a fire destroyed half the store before it was extinguished. The fire department sent the laundry a bill for $626.00 for their response to put out the fire. Will the policy cover this expense and how much?
Answer:
Yes. Fire Department Service Charge is included in a commercial property policy up to $1,000, thus covering the entire bill.Question 8: You have, just received a new property claim from an insured homeowner who suffered damage from a fire that burned down 30% of the property. During the initial contact, what is the most important thing you should tell the insured to do while waiting for you or your appraiser to arrive?
Answer:
"Take any and all reasonable steps to protect your property from further damage. These costs are included as part of your coverage and I will reimburse you as part of your claim.'
Question 9: The Texas Homeowners' policy that most closely resembles the ISO HO-5, providing
all-risk coverage for both the building rand personal property is the:
Answer:
HO-C Question 10: cameron owns a home in west Texas and a severe hail storm recently caused substantial damage to his roof. Cameron filed a claim with his homeowner's carrier. While on the phone reporting the claim, he asked how long it would be before he might expect payment.Which of the following would NOT be an appropriate response?
Answer:
"We have 6 months to reach a final settlement with you." Question 11: A severe thunderstorm damaged a policyholder's residence. He called and asked how long it would be before he receives payment for his claim. Which of the following would NOT be an appropriate response?
Answer:
We have 6 months to reach a final settlement with you.Question 12: An insurance policy is often referred to as a contract of adhesion. This means that:
Answer:
If the wording or language in an insurance policy is vague or ambiguous. the interpretation of its meaning shall be in favor of the party who did not control its terms, i.e. the policyholder.Question 13: You just started working as an adjuster with handling Texas 1st and 3rd party property damage claims. Which one of the following would NOT be an example of an unfair claim settlement practice?
Answer:
Deciding not to take a statement from an insured under oath in the investigation of a 1st party property claim.Question 14: You have just started your career handling Texas workers' compensation claims.Which one of the following WOULD BE considered a violation of the Texas Unfair Claim Settlement Practices Act?
Answer:
Not responding to an employee's calls because you're overworked and the claim involves complex issues you just don't feel like addressing.
Question 15: Which of the following is NOT a peril?
Answer:
A teenager constantly texts while she is driving.Question 16: The oldest form of insurance known to exist is:
Answer:
Ocean Marine Insurance Question 17: John and Jerrica own a Ford Expedition that has a Texas Personal Auto Policy with full coverage, including "uninsured/underinsured" motorist coverage. Why would they want "uninsured/underinsured" coverage?
Answer:
To protect them from loss for injuries they sustain if another at-fault driver is uninsured or carries less coverage than that needed to pay for the insured's injuries.Question 18: An international shipping company wants to obtain insurance coverage on both outgoing and incoming shipments while in transit. This type of coverage is called:
Answer:
- Liability coverage
- Cargo coverage
- Freight coverage
Question 19: In today's society, the most important factor in the purchase of insurance is:
Answer:
Trust Question 20: Roberto owns a house on Lake Conroe. The house is insured with an HO-3 policy.During a storm, a tornado touches down and severely damages the house. Because the house is untenable and it will take 2 months to complete repairs, Roberto moves Into a local Marriott Residence Inn. Under which of the following coverages would Roberto be able to recover the additional expense of the Marriott and other costs?
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