ADJUSTER PRO TEXAS E XAM

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ADJUSTER PRO TEXAS E XAM

QUESTIONS WITH ANSWE RS

GRADED A+

Question :All of the following pieces of information can

be found in the conditions section of an insurance policy

EXCEPT:

CORRECT ANSWER: :Causes of loss that are not covered

Question :Which of the following best defines the

principle of indemnity?CORRECT ANSWER: :After a loss, the insured should be restored to his approximate financial condition before the loss

Question :SureTrust Insurance was founded and operates

in Texas. In Texas, Suretrust is considered CORRECT ANSWER: :a domestic insurer

Question :What is a reserve, in insurance terms?

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CORRECT ANSWER: :A pool of collected premiums that the insurer sets aside to pay claims

Question :Which of the following would you find in the

Conditions section of an insurance policy?CORRECT ANSWER: :The insured's duty after a loss

Question :Which of the following is found in the

declarations page of an insurance policy?CORRECT ANSWER: :The name of the insured party

Question :Which of the following refers to being restored

to the financial condition you were in before a loss?CORRECT ANSWER: :Indemnification

Question :Dr. Nelson routinely schedules her patients for

lab tests that they dont need so she can charge their

insurers for more money. Dr. Nelson is:

CORRECT ANSWER: :committing health insurance fraud

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Question :Six Starts Development Company has just

purchased several large properties in Las Vegas. As a result of this large purchase, they are a little short on money and decide to save money by not purchasing

insurance on their new properties. Six Stars is practicing:

CORRECT ANSWER: :Risk retention

Question :Which of the following people committed soft

fraud?CORRECT ANSWER: :Rafael accidentally slipped on a wet floor at the supermarket. Although his only injury was a sprained ankle, he claimed he had back and neck pain when he sued the supermarket in an effort to get more money in the settlement.

Question :When a car stops short in front of Mike's car,

he manages to hit the brakes in time and avoids a collision. To Mike's surprise, the other driver then throws the car into reverse and backs into Mike's car! The other

drivers actions are an example of:

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CORRECT ANSWER::Hard fraud

Question :When Louise goes online and fills out phony

applications with XYZ Auto Insurance in order to print the temporary insurance cards and sell them for a profit

on the black market, she is:

CORRECT ANSWER: :Committing hard fraud

Question :Lucy has insurance on an expensive necklace

she likes to wear to work every day. After work, she takes it off and leaves it in her car's cupholder so she can put it back on in the morning on her way to work. Lucy's

behavior would be considered a:

CORRECT ANSWER: :Morale hazard

Question :When an insurer issues an insurance policy, the

actual item, person, or organization that is being insured

is called the:

CORRECT ANSWER: :Risk