TEXAS ALL LINES ADJUSTER EXAM BRAND NEW (2000+ QUESTIONS AND CORRECT ANSWERS) VERIFIED ANSWERS
Texas All Lines
Insurance Adjuster
Exam – Latest 2023 / 2024;
All Correct & Verified
Define Accident?
Correct Answer
An unforeseen, unintended even; something unexpected
Define Additional Living Expenses?
Correct Answer
Extra charges covered by homeowner's policies over and above the
policyholder's customary living expenses due to damage by a covered peril that
makes the home temporarily uninhabitable.
Define Actual Cash Value?
Correct Answer
The value of your property, based on the current cost to replace it minus
depreciation.
Define Adjuster?
Correct Answer
A person who investigates and settles insurance claims.
Define Continuing Education Requirement?
Correct Answer
State level requirement that insurance licensees periodically complete a
minimum number of house of insurance related education in order to be
eligible for license renewal.
How many hours of CE and how often does Texas require?
Correct Answer
30 hours every 2 years.
Depreciation is based on what three things?
Correct Answer
Age, Condition and Life Expectancy
Define Exclusion?
Correct Answer
Provision in an insurance policy that indicates what is denied coverage.
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Texas All Lines Adjuster
Latest Exam
Mary Johnson owns a local maid service. She wants to get some form of
protection to protect their company against dishonesty on the part of her
employees. What type of bond does she need to get to protect her company?
Answer:
Fidelity bond
When a loss occurs, an individual should be restored to the appropriate
financial condition he or she was in before the loss. This is known as?
Answer:
Principle of indemnity
Mona insurer is going to cancel her insurance policy. In order for the
cancellation to be legal, what must the insured do?
Answer:
Notify Mona in writing that her policy is being canceled with the reason why.
Which of the following is not ground for license denial or revocation?
Answer:
Never having lived or never intending to reside in the state of Texas
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