Study guides, Class notes & Summaries

TEXAS ALL LINES ADJUSTER EXAM BRAND NEW!! (200+ QUESTIONS AND CORRECT ANSWERS) VERIFIED ANSWERS All of the following are criteria for an accident to have occurred "in the course of" the employment under a workers' compensation policy, EXCEPT: - Answers While performing a task that a fellow worker requested, that was unusual to the employee's job description, but occurred on the employer's premises during working hours. Which of the following statements is NOT TRUE regarding th...

TEXAS ALL LINES ADJUSTER EXAM BRAND NEW!! (150+ QUESTIONS AND CORRECT ANSWERS) VERIFIED ANSWERS A "waiver" is defined as: - Answers The intentional or voluntary relinquishment of, or "giving up", a known right. A cargo ship loaded with lumber and sailing from Seattle, Washington to Tokyo, Japan, encountered "the perfect storm" during its trip across the Pacific Ocean. Some of the lumber was thrown overboard to save the ship. This action is called: - Answers Jettison A claims a...

TEXAS ALL LINES ADJUSTER EXAM 2023/2024 LATEST UPDATED 200 QUESTIONS AND ANSWERS.

Texas Adjuster Licensing Exam (2024) – Questions & Answers (100% Correct) Texas Adjuster Licensing Exam (2024) – Questions & Answers (100% Correct) abandonment - ANSWER - a term that applies to property and signifies both a relinquishing of it and the letting go of all legal rights to it, as well, with the intent to claim a total loss. Abandonment of property to an insurance company is something sinusoids are expressly prohibited from doing in most property policies. abandonment claua...

Texas Insurance Adjuster Certification Exam (2024) – All Questions & Solutions (Graded A+) Texas Insurance Adjuster Certification Exam (2024) – All Questions & Solutions (Graded A+) If an automobile policy has split limits of 30/60/25. What is the maximum amount of liability coverage that would be paid in a covered loss where three people are involved. - ANSWER - $30,000 Which of the following statements best describes an inland marine policy? - ANSWER - Pertains to Cargo with no fixe...

Texas All Lines Adjuster 2024 License Test – With Questions & Answers (Rated A+) Texas All Lines Adjuster 2024 License Test – With Questions & Answers (Rated A+) Accumulated Depreciation - ANSWER - The total decrease in an item's value over a period of time. Formula: (Annual Depreciation x Number of years used) Acreage Reporting Date - ANSWER - The deadline for providing the insurer with an acreage report, which is used to determine the amount of coverage needed and the premium charg...

Texas Insurance Adjuster License Test | Questions & Solutions (100% Correct) Texas Insurance Adjuster License Test | Questions & Solutions (100% Correct) Subrogate Subrogation is the right for an insurer to legally pursue a third party that caused an insurance loss to the insured. This is done as a means of recovering the amount of the claim paid by the insurance carrier to the insured for the loss. - ANSWER - While investigating a claim, you determine that the loss was caused by a defective...

Texas All Lines Adjuster Test 2023 Accumulated Depreciation - ANSWER The total decrease in an item's value over a period of time. Formula: (Annual Depreciation x Number of years used) Acreage Reporting Date - ANSWER The deadline for providing the insurer with an acreage report, which is used to determine the amount of coverage needed and the premium charged for a particular crop. Actual Cash Value (ACV) - ANSWER A valuation method used by insurers to reflect an item's current market value r...