TEXAS ALL LINES ADJUSTER EXAM BRAND NEW!! (150+ QUESTIONS AND CORRECT ANSWERS) VERIFIED ANSWERS

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 adjuster's primary mission in today's insurance industry is: - Answers Help people while also
minimizing loss for the insured party and/or carrier.
A company's legal liability could be affected by all EXCEPT which one of the following laws? - Answers
a. Valued Policy Law
b. Workers' Compensation
c. statute of Limitations
A construction worker employed by Old World Construction Company loses his temper when a
pedestrian walking by the jobsite makes a rude comment. In his anger, the construction worker throws a
brick, hitting the pedestrian in the head. The pedestrian suffers traumatic brain injury and falls into a
coma. The family sues Old World Construction Company for damages caused by its employee. Under
what theory of liability could Old World Construction Company be held liable? - Answers
a. Strict liability
b. Employer's liability
c. Vicarious liability
A contract that provides insurance coverage for up to 30 days, pending the issuance of a permanent
policy is known as a: - Answers
a. Endorsement
b. Binder
c. Conditional Contract
A customer bought a new window A/C unit from a local appliance store. One of the store's employees
went to the customer's house to install it. While installing it, he dropped the A/C unit out of the window,
which hit the customer's 8-year old daughter, who was playing in the yard outside. The child's arm was
fractured. Under what coverage would an insurance policy respond to a claim made by the customer
against the appliance store? - Answers
a. Operations
b. Completed Operations
c. Products Liability
A customer of the Sunshine Grocery Store hit her leg on a low shelf in the isle of the store. The claim was
assigned to you for handling. After contacting the claimant and taking a statement, you learn that the
injury was minor and, at most, an inconvenience. Medical expenses were only $525.00 and there were
no complications. You think the best way to handle the case Is to offer to pay her medical bills without
admitting liability and try backing away without committing to any kind of settlement. How would you
do it? - Answers Tell her you'll pay her bills and ask her to call you if she has any questions. You would
then wish her well and, when the bills arrive, pay them under the business's Medical Payments
coverage.
A grocery store employee accidentally runs into a customer with a pallet of canned goods, injuring the
customer's leg. What kind of claim would most likely be filed under the store's General Liability policy? -
Answers A Premises Liability claim