Insurance Adjuster Exam TX FL

1. Question 1 of 10Additional Coverages & Exclusions

   'Extra expense' coverage differs from business income because extra expense pays for:

   The added costs of continuing operations after a covered lossDiscretionary bonuses paid to employeesPhysical damage to the insured building structure itselfOnly the net profit the business lost while it was unable to operate normally
2. Question 2 of 10Adjuster Duties & Ethics

   A licensed Texas adjuster must maintain a place of business that is:

   Registered with the county clerkStaffed 24 hours a day during a catastropheLocated where the adjuster principally conducts transactions under the license and accessible to the publicInside the offices of the insurer the adjuster serves
3. Question 3 of 10Auto Liability

   Which of the eight basic Texas auto coverages pays to tow a car that cannot be driven and pays the labor to change a flat tire or jump-start the battery?

   Collision coverageTowing and labor coveragePersonal injury protectionComprehensive coverage
4. Question 4 of 10Bonds & Professional Liability

   Under the federal Miller Act, the bond that protects persons supplying labor and material on a federal construction contract is the:

   Performance bondFidelity bondBid bondPayment bond
5. Question 5 of 10Commercial Lines

   In a Commercial General Liability policy, products/completed operations coverage pays for bodily injury and property damage that:

   Arises from the insured's advertisingOccurs away from the business premises and is caused by the insured's products or completed workDamages the insured's own buildingHappens to the insured's own employees
6. Question 6 of 10Inland & Ocean Marine

   Which exposure does INLAND marine insurance NOT cover?

   Boating transportation, covered under ocean marineContractors' equipment and toolsProperty while in transit over land by truck, rail, or other carrierFine art on a floater
7. Question 7 of 10Insurance Terms & Concepts

   How does NAIC distinguish MORAL hazard from MORALE hazard?

   Moral hazard is personality characteristics that increase the probability of loss; morale hazard is the insured's negligence or disregardThey are two names for the same thingMoral hazard is a physical defect; morale hazard is dishonestyMoral hazard applies only to commercial risks
8. Question 8 of 10Marketing & Unfair Claim Practices

   If a Texas insurer violates the prompt-payment deadlines, the penalty includes interest on the claim at:

   10 percent one time5 percent per yearNo penalty18 percent per year plus reasonable attorney's fees
9. Question 9 of 10Personal Lines & Homeowners

   The HO-3 (Special Form) homeowners policy insures the dwelling on which basis?

   Agreed value onlyOpen perils (all risks) except those excludedFire and lightning onlyNamed perils only
10. Question 10 of 10Standard Fire Policy

    The Standard Fire Policy's pro rata liability clause provides that when other insurance covers the same loss, the insurer pays:

    Its share in proportion to its limit versus total insuranceNothing at all, because the other insurance is considered primary coverageThe entire loss and seeks reimbursementOnly the deductible amount of the loss

Ten of 30 questions taken straight from the app’s 319-question bank. Every answer keeps the app’s own explanation and the public source it was written from.