Texas Adjuster Exam: Questions &
Answers
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.(Ans- $30,000
Which of the following statements best describes an inland marine policy?(Ans- Pertains to Cargo with no fixed location
Alex is traveling through College Station and hits a deer, and the damages are $1500. He has comprehensive coverage with a $500 deductible. What will you pay?(Ans- $1000
This department is responsible for making rates and determines the rates charged by the insurer (Ans- Actuarial department
Johnny has 30/60/25 limits on his auto policy, and he negligently ran into a parked car driven by Steve Garcia. What is the maximum amount of coverage that can be provided for the damage to Steve's car?(Ans- 25,000
Your customer has HO-B homeowners policy with a Coverage A limit os $300,000. His mortgage payment is $1,400 per month. He can't stay in his home for 1 month due to a claim that was caused by smoke. He is staying in a local hotel for 1 month. The cost of the hotel is $900 for the moth. How much will you pay your policyholder for Additional Living Expenses (Ans- $900
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Insurance for ocean vessels is the ______ type of insurance?(Ans- oldest
Your insured has a homeowners policy with a Coverage A limit of $50,000, His coverage B limit is $20,000. His deductible is 1%. He has 30 trees that are damaged during the fire. How much are you going to pay on his claim?(Ans- 2500
If you have a covered loss, in excess of a limit, you can apply that excess towards the deductible. This best describes?(Ans- Absorbing the deductible
What type of contract exists when the insurance policy is valid even though there is an unequal exchange?(Ans- Aleatory Contract
What is the intentional or unintentional impression by the insurance company that a certain fact exists when it does not?(Ans- Estoppel
An event that results in an insured loss / damages.(Ans- Occurrence
Joseph ross owns a 2014 Toyota Avalon. while at the mall shopping, someone hit his car and left a big dent on the right side of his car. He does not know who hit his car, and there are no witnesses to this accident. What type of insurance protection does he need to protect him from financial loss in this situation (Ans- Comprehensive
Morris has a Texas Dwelling policy on his property. His property burns down in a fire. He claims that he has also sustained a financial loss because he is not able to rent the property to his tenants. What can you tell him?(Ans- He has coverage for loss of fair Rental Value
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