Texas All Lines Adjuster Laws & Regulations Review Quiz, Exams of Nursing

Download Texas All Lines Adjuster Laws & Regulations Review Quiz and more Exams Nursing in PDF only on Docsity! Texas All Lines Adjuster Laws & Regulation Review Quiz (100%correct solutions)2023/2024 GRADED A+ All of the following are exempted from the requirement of an adjuster's license examination except: A. Those persons holding CPCU designation; B. those persons adjusting workers compensation claims; C. Those persons who have received the Associate in Claims (AIC) designation, D. Those persons who have a certificate of completion showing that within the past 12 months the applicant has completed a certified adjuster pre licensing education program and passed the state examination. - correct answer ✅B. A person adjusting workers compensation claims is not exempt. All of the following are qualifications of applicants for an adjuster license in Texas except: A. is at least 25 yrs. of age; B. resides in this state or a state that permits a resident of this state to act as an adjuster in that state; C. is trustworthy; D. has passed the required examination or presents evidence that the applicant has been exempted from the examination. - correct answer ✅A. Applicants must be at least 18 yrs. of age. An emergency adjuster license is effective for a period not to exceed: A. 180 days B. 120 days; C. 90 days; D. 60 days. - correct answer ✅C. An emergency license is effective for a period not to exceed 90 days. The commissioner may extend the term of the emergency license for an additional period of 90 days. A licensed adjuster must notify the commissioner if the adjuster changes the location of the adjuster's place of business: A. Within 10 days; B. Within 20 days; C. Within 30 days; D. Notification must be made promptly - correct answer ✅D. A licensed adjuster shall promptly notify the commissioner if the adjuster changes the location of the adjuster's place of business. All licensees must complete ________ hours of continuing education within each reporting period. A. 15; B. 20; C. 24; D. 30 - correct answer ✅D. All licensees must complete 30 hours of continuing education within each reporting period. However, limited lines licensees, those selling life insurance not exceeding Texas All Lines Adjuster Laws & Regulation Review Quiz (100%correct solutions)2023/2024 GRADED A+ Texas All Lines Adjuster Laws & Regulation Review Quiz (100%correct solutions)2023/2024 GRADED A+ $15,000 and county mutual agents are required to comlete 10 hours of continuing education during each reporting period. Which one of the following is not an example of an unfair claim settlement practice? A. Knowingly misrepresenting pertinent facts to claimants; B. Failing to acknowledge communication within a reasonably prompt period; C. Failing to examine a claimant under oath; D. Not attempting in good faith to promptly settle a claim when liability is clear. - correct answer ✅C. The right to examine policyholders under oath, in the case of questionable claims or potential fraud, is a right of an insurer during a claim investigation and is part of the contractural agreement between the insurer and the insured. Failing to do so does not constitute a violation of the state's unfair claims settlement practices. A contract that provides insurance coverage for up to 30 days, pending the issuance of the permanent policy, is called a: A. binder; B. endorsement; C. lender; D. remedy - correct answer ✅A. A binder is a contract that provides temporary insurance coverage for up to 30 days, pending the issuance of the permanent policy. Lenders must accept binders issued by properly appointed and licensed agents. What happens when a married couple who jointly owns residential property divorces during the term of their homeowners insurance policy? A. Both insureds must reapply for separate insurance on the property; B. The owner's must decide who will become the named insured and transfer ownership of the insurance policy to that person; C. The insurance remains in effect, and the interests of both owners are covered as long as the policy exists or as long as the policy is not cancelled; D. The insurer has the option to continue the policy that is in force or require the insureds to apply for new and separate policies. - correct answer ✅C. A homeowners or fire insurance policy issued in Texas must contain a provision that the policy, if issued to cover community property, will remain in full force and effect as to the interest of each spouse irrespective of divorce or change of ownership between the spouses. The spouses or former spouses may apply for separate insurance, but the law does not require them to do so. Texas All Lines Adjuster Laws & Regulation Review Quiz (100%correct solutions)2023/2024 GRADED A+ Texas All Lines Adjuster Laws & Regulation Review Quiz (100%correct solutions)2023/2024 GRADED A+ All of the following are acceptable forms of proof of financial responsibility except: A. a copy of a liability policy; C. a copy of a binder in the required amounts; C. a Texas Liability Insurance Card; D. a valid driver's license - correct answer ✅D. Proof of financial responsibility for automobile accidents may be demonstrated by a copy of a policy or binder of insurance or by possession of a Texas Liability Insurance Card that identifies the insured, insurer and other pertinent policy information. An insurer may add a surcharge to a homeowners policy that is being renewed if the: A. insurer suspects that its reserve is below minimum required limits; B. insured has filed two or more claims in the preceding policy year; C. insured is planning to alter the structure of the residence; D. insured informs the insurer that the policy will be replaced. - correct answer ✅B. A surcharge of up to 10 percent may be added to any homeowners, fire or farm and ranch owners' policy if the insured has filed two or more claims in the preceding policy year. When canceling a homeowners policy, the insurer must do which one of the following: A. Give the insured a 90-day notice in order to find new insurance; B. Inform the Texas Automobile Insurance Plan Association that it is canceling a policy; C. Provide a written notice explaining the reasons for the cancellation; D. Inform the agent who sold the policy that his or her commission must be returned - correct answer ✅C. Whenever insurance policies are cancelled in accordance with the law, the written notice must include the precise reason the policy is being cancelled, including the source of any information relied on by the insurer to make its decision. An insurer that provides personal automobile, homeowners or farm and ranch owners' policies may cancel a policy for each of the following reasons except: A. nonpayment of premium; B. the age of the insured; C. the insured submits a fraudulent claim; D. the continuance of the policy would violate the law. - correct answer ✅B. It is unlawful to decline to renew a personal automobile, homeowners or farm and ranch owner's policy based solely on the age of the covered person. Texas All Lines Adjuster Laws & Regulation Review Quiz (100%correct solutions)2023/2024 GRADED A+ Texas All Lines Adjuster Laws & Regulation Review Quiz (100%correct solutions)2023/2024 GRADED A+ An insurer may cancel a personal automobile policy on its 12-month anniversary by providing how many days advance notice of its intent? A. 5; B. 10; C. 20; d. 30 - correct answer ✅D. An insurer may cancel or refuse to renew a personal automobile insurance policy on its 12-month anniversary by providing advance notice of at least 30 days. In order to nonrenew a personal auto policy, an insurer must provide how many days advance notice to the policyholder? A. 10; B. 20; C. 30; D. 45 - correct answer ✅C. The same rule for providing notice of cancellation applies to nonrenewal. A notice must be sent to the insured no less than 30 days in advance of the nonrenewal date. When an insurer assesses a surcharge on a fire or homeowners policy due to adverse loss experience, the surcharge may not exceed what amount of the total premium? A. 5 percent; B. 10 percent; C. 15 percent; D. There is no maximum on the amount - correct answer ✅B. A surcharge of up to 10 percent may be added to any homeowners, fire or farm and ranch owner's policy if the insured has filed two or more claims in the preceding year. The claims may not be for losses caused by natural causes or for claims that are filed but not paid by the insurer. An insurer may notify an insured that filing on a third claim within what period of time may result in the nonrenewal of the policy? A. 1-yr.; B. 2-yrs; C. 3-yrs.; D. 5 yrs. - correct answer ✅C. An insurer may decline to renew a policy if the insured has filed three or more claims under the policy in any three-year period. The insurer may notify an insured who has filed two claims that the filing of a third in the three-year period may result in nonrenewal. If the insurer does not so notify the insured, the policy may not be nonrenewed because of losses. The minimum limits under the Texas Motor Vehicle Safety Responsibility Law are: A. $15,000 per person, $30,000 per accident for Bodily Injury and $5,000 for Property damage; B. $20,000 per person; $30,000 per accident for Bodily Injury and $5,000 for Property Damage; C. $20,000 per person, $40,000 per accident for Texas All Lines Adjuster Laws & Regulation Review Quiz (100%correct solutions)2023/2024 GRADED A+ Texas All Lines Adjuster Laws & Regulation Review Quiz (100%correct solutions)2023/2024 GRADED A+ Bodily Inury and $10,000 for Property Damage; D. $25,000 per person, $50,000 per accident for Bodily Injury and $25,000 for Property Damage. - correct answer ✅D. The Texas Motor Vehicle Safety Responsibilty Law requires automobile insurance limits at least equal to $25,000 per person and $50,000 per accident for Bodily Injury and $25,000 per accident for Property Damage. All of the following vehicles are exempt from the compulsory insurance law except: A. vehicles that are self-insured; B. vehicles for which a bond has been filed with the Department of Insurance; C. vehicles that are used exclusively on public highways; D. vehicles for which a cash deposit has been made with the state treasurer - correct answer ✅C. The only vehicles that are exempt from the compliance with the State's compulsory automobile insurance law are those that are self-insured, those for which a bond has been filed with the Dept. of Insurance and those for which a cash deposit of $55,000 has been made to the state treasurer. Operating a motor vehicle without the required insurance is a misdemeanor punishable by a fine of between.... A. $175 and $350 for the first offense; B. $175 and $350 for subsequent offenses; C. $350 and $1000 for the first offense; D. $1000 and $3000 for subsequent offenses. - correct answer ✅A. Operating a motor vehicle without the required insurance is a misdemeanor punishable by a fine of between $175 and $350 for the first offense. Subsequent offenses may result in a fine of between $350 and $1000 and suspension of a driver's license or vehicle registration. Under Texas law, an insured may do which one of the following with regard to the provision of uninsured motorists property damage? A. Double the amount of the coverage upon written request to the insurer; B. Elect coverage for the same amount as the policy's liability limit; C. Reject the coverage by notifying the insurer of their intention to do so; D. Reduce the coverage below the liability limit of the policy. - correct answer ✅B. The requirement under law is that coverage for uninsured motorists property damage be provided at a limit at least equal to the Texas All Lines Adjuster Laws & Regulation Review Quiz (100%correct solutions)2023/2024 GRADED A+ Texas All Lines Adjuster Laws & Regulation Review Quiz (100%correct solutions)2023/2024 GRADED A+ protects the employer from tort liability; D. Workers' compensation provides compensation to employees who are injured on the job, without regard to fault or negligence on the part of either the employer or employee. - correct answer ✅A. Texas is an elective state with respect to workers' compensation coverage. Employers may elect to provide workers' compensation insurance but are not requried to do so. If they do not, they may be sued by employees for work-related injuries and occupational diseases. Which one of the following is not an injury that would be covered by workers' compensation? A. An accident occurs while an employee is driving a forklift from a truck to the warehouse; B. The injury occurs when an employee slips on a wet floor while changing clothes in the employee locker room; C. Several workers are injured when the hydraulic lift that moves automobile parts collapses; D. An employee who returns from lunch intoxicated cuts his hand with an electric saw. - correct answer ✅D. An insurance carrier is not liable for compensation if the employee's injury ws caused while the employee was intoxicated. An employee who suffers an injury covered by workers' compensation is entitled to all of the following health care services except... A. cosmetic surgery for aesthetic reasons; B. rehabilitation therapy; C. emergency treatment; D. vocational training - correct answer ✅A. Medical benefits include health care that cures or relieves the effects resulting from an injury, promotes recovery or enhances the ability of the employee to return to work. Elective surgery performed for aesthetic, as opposed to medically necessary, reasons is not covered. Lifetime income benefits are paid until the covered employee's death for all of the following except: A. total and permanent loss of sight in both eyes; B. loss of both feet at or above the ankle; C. loss one one finger; D. loss of both hands at or above the wrist. - correct answer ✅C. Lifetime income benefits are paid for extremely serious injuries including loss of sight or loss of both feet or hands. Loss of one finger is not considered a serious enough injury to provide lifetime benefits Texas All Lines Adjuster Laws & Regulation Review Quiz (100%correct solutions)2023/2024 GRADED A+ Texas All Lines Adjuster Laws & Regulation Review Quiz (100%correct solutions)2023/2024 GRADED A+ becasue the disablement may not result in any job restriction or permanent disability. Which one of the following is legally responsible for maintaining a record of each employee-reported injury? A. Commission; B. Employer; C. Insurer; D. Employee - correct answer ✅B. An employer must maintain a record of each employee injury as reported by an employee or otherwise made known to the employer. The record must be available to the commission at reasonable times but is not maintained by them. What is the time limit for a person to file a claim for death benefits after an employee's death? A. 7-days after the death of the employee; B. 30 days after the death of the employee; C. No later than the first anniversary of the death of the employee; D. No later than the second anniversary of the death of the employee - correct answer ✅C. A person must file a claim for death benefits with the commission not later than the first anniversary of the date of the employee's death. Workers' compensation insurance in the state of Texas is regulated primarily by the A. Industrial Relations Board; B. Labor Code; C. Insurance Code of 1951; D. Labor Relations Code - correct answer ✅B. Although the Insurance Code pertains to the actions of agents and insurers who sell workers' compensation insurance, mosst of the provisions that govern workers' compensation law are contained in the state's Labor Code. Which one of the following persons would be considered an employee under the laws of the state of Texas? A. An employee of an independent contractor engaged in construction work; B. A temporary employee; C. A person employed by a residential property owner; D. A person with no other health insurance - correct answer ✅B. The term employee includes a temporary employee, a person other than an independent contractor or the employee of an independent contractor Texas All Lines Adjuster Laws & Regulation Review Quiz (100%correct solutions)2023/2024 GRADED A+ Texas All Lines Adjuster Laws & Regulation Review Quiz (100%correct solutions)2023/2024 GRADED A+ who performs services to the insured and a trainee under the Texans Work program. The law applies to business risks, not residential employers. An injury that occurs to an employee who is traveling to and from work is not covered if... A. transportation is paid by the employer; B. transportation is provided in the employer's vehicles; C. employee is directed to proceed from one place to another as a condition of employment; D. employee is traveling on personal errands. - correct answer ✅D. Employees are generally not covered for workers' compensation while traveling except under certain limited circumstances as outlined in answers A, B and C. When an employee is traveling on personal or private affairs, he or she is not coverd for workers' compensation. An insurer will consider an injured worker to have reached maximum medical improvement when: A. the occupational disease is cured; B. two years have passed since the date income benefits were first due; C. the condition can only be remedied by surgery; D. three years after the time the employee notifies the insured of his or her injury - correct answer ✅B. The date of maximum medical improvement is considered to be the earlier of the date, based on medical probability, that further medical improvement, to an injury can no longer reasonably be anticipated or 104 weeks (2-years) from the date that income benefits begin to accrue. What is the minimum weekly income benefit payable under the Texas workers' compensation law? A. 15 percent of the average weekly wage; B. 25 percent of the average weekly wage; C. 15 percent of the employee's pretax earnings; D. 25 percent of the employee's pretax earnings - correct answer ✅A. The minimum amount an employee may be compensated for loss of income is 15-percent of the average weekly wage. An employer who is notified of an injury to an employee must file a wage statement showing the amount of all wages paid to the employee within what period of time? A. 5 days after receipt of notice; B. 10 days after receipt of notice; Texas All Lines Adjuster Laws & Regulation Review Quiz (100%correct solutions)2023/2024 GRADED A+