2024 TEXAS ALL LINES ADJUSTER EXAM QUESTIONS AND ANSWERS

2024 TEXAS ALL LINES
ADJUSTER EXAM QUESTIONS
AND 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: - ANSWERWhile 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
the implied warranties of an Ocean Marine policy? -
ANSWER-The implied warranties are attached to the
policy as an endorsement..
Parmelia is covered under two separate standardized
Personal Automobile policies, with Part C limits under both
policies set at $200,000. Parmelia is involved in an
accident with an uninsured motorist and she sustains
bodily injury damages for $262,320. How much will
Parmelia receive when she submits a claim for these
damages - ANSWER-$200,000
Which of the following endorsements must be attached to
a standard Businessowners policy for coverage to apply to
a businesses freezer that was damaged by the interruption
of a power source - ANSWER-Utility Services - Direct
Damage endorsement.
After completing an inspection of an insured's pressure
equipment and fire suppression systems, the inspector
determines that the pressure equipment needs to be
repaired and the suppression systems have not been
cleaned and inspected in the time frame required by the
policy. The insurer will: - ANSWER-Suspend coverage
immediately by red tagging the items until they are
repaired, cleaned and pass reinspection
To be eligible for coverage under a standardized Dwelling
policy, the insured must not allow more than _______
boarders to live on the premises. - ANSWER-5
All of the following are "Perils of the Sea" under an Ocean
Marine policy, EXCEPT: - ANSWER-Pirates
The amount of insurance countersigned, issued, or sold by
an agent or producer to cover immediate family members,
an employer, or employees is known as: - ANSWERControlled business
Which of the following standardized Dwelling insurance
forms provides coverage for loss of rental income -
ANSWER-The DP-1, DP-2, and DP-3 forms
The "Part B - Medical Payments" coverage of a personal
automobile policy covers injuries for all of the following,
EXCEPT: - ANSWER-A passenger who is injured in
another vehicle that is struck by the insured's vehicle in an
accident
Which of the following are the Texas Workers'
Compensation benefits that are increased by a cost-ofliving adjustment (COLAs) - ANSWER-Lifetime Income
Benefits (LIBs) only
Hannah must take time away from work to help assist in
the investigation of a claim that was made against her
BOP policy. The policy will pay for Hannah's actual loss of
earnings up to: - ANSWER-$250 per day.
Surplus Lines companies in Texas have _____ to
acknowledge the receipt of a claim. - ANSWER-30 days.
All of the following are characteristics of a principal that a
surety will scrutinize during the underwriting process,
EXCEPT: - ANSWER-Consideration.