Texas all lines adjuster exam Study Guide brand New Latest Version 2024-2025, Exams of Nursing

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DP - valuation DP- 1 - ACV building & contents DP-2/3 - RCV building & ACV contents DP - limit for fair rental value 20% of A DP - coverages (A-E) A - dwelling B - other structures C - personal property D - fair rental value E - additional living expense DP - limit for additional living expenses DP- 1 - NONE DP-2/3 - 20% of A DP - Property removed is covered for ___ days. DP- 1 - 5 days DP- 2 - 30 days DP - limit for trees/plants/shrubs 5% of A $500 per tree/shrub/plant DP - fire department service charge $ DP - extended coverages windstorm, civil commotion, hail, aircraft, vehicles, volcanic eruption, explosion, riot

DP - broad perils burglary damage, ice/snow weight, glass, accidental discharge of water/steam, falling objects, freezing, electrical, collapse, tearing apart/bulging/cracking DP-3 perils covered (dwelling & contents) dwelling - open contents - broad (DP-2 perils) Explain the difference between DP & HO policies. DP does not automatically cover theft or include liability coverage. DP - Explain the difference between limited/broad theft endorsement. limited - on premises only broad - on & off premises HO-2 perils (dwelling & contents) dwelling - named/broad contents - named/broad HO-3 perils (dwelling & contents) dwelling - open contents - named/broad HO-4 perils (dwelling & contents) dwelling - NO COVERAGE contents - named/broad HO-5 perils (dwelling & contents) dwelling - open contents - open HO-6 perils (dwelling & contents) dwelling - LIMITED named/broad contents - named/broad HO-8 perils (dwelling & contents) dwelling - named/basic & extended contents - named/basic & extended HO - valuation

RCV dwelling ACV content (unless endorsed) EXCEPT HO- 8 - ACV dwelling & contents HO - coverages (A-F) A - dwelling B - other structures - 10% of A C - personal property - 50% of A D - loss of use - 30% of A E - medical payments F - liability HO - limit for personal property in self-storage 10% of C HO - money limit $ HO - securities limit $1, HO - watercraft limit (including trailers) $1, HO - trailers limit (except watercraft trailers) $1,500 - ON PREMISES ONLY HO - THEFT of jewelry/furs limit $1, HO - THEFT of firearms limit $2, HO - THEFT of silverware limit $2, HO - business personal property on premises limit $2, HO - business personal property off premises limit

$1,

HO - electronic vehicle equipment limit $1, HO - tapes/discs in vehicle limit $ HO - standard deductible $ HO - trees/shrubs/plants limit 5% of A $500 per tree/shrub/plant HO - Property removed is covered for ___ days. 30 HO - credit card forgery limit $ HO - gravemarkers limit $5, HO - landlord's furnishings limit $2,500 (EXCLUDES THEFT) HO - liability minimum limit $100, HO - minimum medical payments limit $1, HO - Medical payments claim must be filed within ___. 3 years HO - lost wages supplemental payment $250/day HO - limit for damage to property of others

$1,

HO - All tremors within ___ are one earthquake. 72 hours HO - sewer backup limit $5,000 (with special $250 deductible) Texas HO - coverages (A-D) A - dwelling/other structures B - personal property C - personal liability D - medical payments Farm - coverages (A-J) A - private dwellings B - private other structures C - household personal property D - loss of use E - scheduled farm property F - unscheduled farm property G - barns/silos/outbuildings H - BI/PD liability I - personal/adveritising injury J - medical payments Farm - limit for business personal property on premises $2, Farm - limit for business personal property off premises $ Farm - THEFT of jewelry/furs limit $2, Farm - THEFT of firearms limit $3, Farm - livestock blanket limit per animal

$2,000/head $1,000/half head Farm - Basic form includes ___ & ___ damage to livestock. earthquake/flood Farm - Broad form adds what livestock coverages? (5) electrocution attacks by dogs/wild animals drowning accidents while loading/unloading accidental shooting Farm - Mobile agricultural machinery equipment covers what perils? open Farm - Mobile agricultural equipment can be covered on blanket basis, except for ___ & ___ which must be scheduled. combines cotton pickers Farm - Custom farming with receipts over ___ is EXCLUDED. $5, Flood - policy term one year Flood - waiting period 30 days (except for loan closing) Flood - Building & contents have separate ___. deductibles Flood - emergency program limits (residential & commercial) residential: dwelling $35,000/contents $10, commercial: dwelling $100,000/contents $100, Flood - regular program limits (residential & commercial) residential: dwelling $250,000/contents $100, commercial: dwelling $500,000/contents $500,

Flood - standard deductible (emergency & regular) emergency - $2, regular - $1, Flood - limit for loss avoidance measures $1, Flood - Property removed is covered for $___ for ___ days. $1, 45 days Flood - limit for loss of use NO COVERAGE Flood - limit for increased cost of compliance with flood ordinance/law $30, Personal Inland Marine - perils covered open peril Personal Inland Marine - coverage territory worldwide (except for fine arts) The personal property floater is commonly written for insureds without ___. a HO policy The personal effects floater provides coverage only when insured is ___. traveling The personal effects floater EXCLUDES ___. (5) passports tickets money contacts artificial limbs Personal Inland Marine - standard deductible NONE Personal Inland Marine - fine arts coverage territory

US

US territories/possessions Puerto Rico Canada Explain the difference between excess & umbrella policies. excess - higher limits umbrella - higher limits AND broadened coverage Umbrealla - The aggregate limit does not apply to ___ losses. commercial auto PAP - eligibility FOUR wheels owned or leased for more than 6 months not over 10,000 GVW no business use (incidental/farming/ranching OK) PAP - rating factors garaging territory use age/sex/marital status driving record year/make/model of vehicle PAP - For liability, additional vehicles must be insured within ___. Replacement vehicles are ___. 14 days insured automatically PAP - For physical damage, addition vehicles must be added within ___ days if physical damage is on policy. If not, it must be added within ___ days (coverage provided with ___ deductible. 14 4 $ PAP - lost wages supplemental payment $200/day Insurance follows the ___.

vehicle The PAP EXCLUDES damage to property ___ by or ___ by insured. owned transported PAP - Medical payments must be reported within ___. 3 standard UMPD deductible $ PAP provides coverage for damage to non-owned auto covered on ___ basis. excess PAP - limit for transportation expenses $20/day up to $ PAP - waiting period for transportation expenses theft - 48 hours all other losses - 24 hours PAP - coverages (A-D) A - liability B - medical payments C - UM/UIM D - physical damage PAP - limit for non-owned trailers $1, PAP - Assigned risk must provide coverage for ___ years. 3 PAP - Extended Non-owned Liability covers ___. excess for company car PAP - Limited Mexico Coverage endorsement covers within ___ miles of border on ___ basis.

excess PAP - Named Non-owned provides coverage for ___. rented/borrowed vehicles for those who don't have a personal auto Commerical Property - coverages (A-C) A - building B - business personal property C - property of others in care/custody/control Commerical Property - limit for personal property of others in care/custody/control $2, Commerical Property - BPP covered within ___ feet of premises. 100 Commerical Property - Property removed covered for ___ days. 30 Commerical Property - fire department service charge $1, Commerical Property - Pollutant clean-up & removal limit is ___ but must be reported within ___ days. $10, 180 Commerical Property - limit for electronic data $2, Commerical Property - Newly acquired building limit is ___, and newly aquired BPP limit is ___. Coverage is provided for ___ days. $250, $100, 30 Commerical Property - limit for property off premises $10, Commerical Property - limit for trees/plants/shrubs

$1,

$250 per tree/shrub/plant Commerical Property - limit for non-owned detached trailers $5, Commerical Property - outdoor signs limit $2, Commerical Property - mold limit $15, Commerical Property - standard deductible $ Commerical Property - valuation ACV Commerical Property - Building cannot be vacant for ___ days. 60 Commerical Property - For multiple units, ___% must be occupied to avoid vacancy. 31 Builders Risk requires ___% coinsurance. 100 Builders Risk coverage ends ___ days after construction is completed. 90 Builders Risk - limit for property in care/custody/control $5, Commerical Property - Sinkhole collapse covered by ___ forms. basic, broad & special Commerical Property - Deposit premium is __% of estimated annual premium. 75 Commerical Property - waiting period for business income

72 hours Commerical Property - waiting period for extra expense NONE Commerical Property - Extended business income extends ___ days from ___. 60 date business resumes Commerical Property - If access to premises is prohibited by order of civil authority, business income is provided for ___. 4 weeks Commerical Property - business income coverage options (4) coinsurance maximum period of idemnity monthly limit of idemnity agreed value (for new businesses) Commerical Property - types of contingent businesses (3) contributing locations (supplies) recipient locations (received insured's products) leader locations (draw business to insured) Commerical Property - Difference in conditions covers ___ & ___. earthquake/flood Commerical Property - Earthquake tremors/volcanic eruptions with ___ are one earthquake/eruption. 168 hours Commerical Property - Insurer must be notified of sprinkler shut off longer than ___. 48 hours Commerical Property - Leasehold interest endorsement protects ___ for ___. tenant/cancellation of favorable lease due to building damage Commerical Property - Flood endorsement coverage is ___ to NFIP & adds coverage for ___. excess/mudSLIDES

Business Income - Insured's income loss determined by ___ statement. profit & loss Equipment Breakdown focuses on loss ___. prevention Equipment Breakdown - Coverage on red-tagged equipment suspended ___. immediately Equipment Breakdown - valuation RCV Equipment Breakdown - For RCV, equipment must be repaired/replaced within ___. 24 months Equipment Breakdown covers property belonging to ___ & ___. insured others in care/custody/control Equipment Breakdown limits includes equipment and ___. all that could be damaged when equipment fails (building, contents, property of others, etc.) Equipment Breakdown - expediting expense limit $25, Equipment Breakdown - green updates limit 25% of loss up to $100, Equipment Breakdown - Newly acquired equipment is automatically covered for ___ days. 90 Equipment Breakdown - lost wages supplemental payment $100/day Equipment Breakdown EXCLUDES accidents to equipment while being ___. tested CGL - coverages (A-C)

A - BI & PD

B - personal & advertising injury C - medical payments CGL - Claims made form's basic extended reporting period is automatically included for ___ days. 60 CGL - Claims made form's supplement reporting period costs ___% of expiring premium & claims can be reported ___. 200% indefinitely CGL - What is the purpose of the laser beam endorsement? excludes a particular operation or location CGL - Coverage for products made in coverage territory is worldwide if ___. suit is brought in coverage territory CGL - Products claims occur where? off insured's premises CGL - Legal liability for products claims based on ___. (3) breach of warranty strict liability negligence CGL - When do operations become completed operations? all operations at location are complete portion/all of work put to intended use CGL EXCLUDES property in the care/custody/control except for the perils of ___. fire, smoke & explosion CGL - Mobile equipment covered except if ___. subject to financial responsibility laws CGL - Impaired property is claim for ___ due to faulty product/work of insured. loss of use CGL - Medical payments claims must be made within ___ of accident.

one year CGL - limit for damage to premises rented to you $50, CGL - lost wages supplemental payment $250/day CGL - cyber liability coverages A - website publishing B - network security C - restoration of data D - cyber extortion E - business income/extra expense CGL - Insured's books must be available to insurer for ___. 3 years CGL - There are separate aggregate limits for ___ & ___.

1. products/completed operations
2. premises/operations, personal/advertising, medical payments, damage to premises rented to you CGL - Explain the difference between pollution liability coverage extension & coverage form. form covers clean-up/extension does not CGL - Owners & contractors protective liability is primarily purchased by ___ contractors. independent CGL - Owners & contractors protective liability is excess to ___. subcontractor's coverage CGL - Owners & contractors protective liability covers insured and ___. owner of property Loading by ___ is covered by CGL. Loading by ___ is covered by auto. hand/dolly/mobile equipment mechanical device attached to auto BOP - perils covered

open BOP - valuation RCV BOP - business income limit actual loss sustained for 12 months BOP - eligibility less than 35,000 square feet less than $6,000,000 gross sales BOP - office eligibility less than 100,000 square feet less than 6 stories BOP - restaurant eligibility limited cooking/fast food casual dining (liquor sales not above 50%) fine dining (liquor sales not above 75%) BOP - motel eligibility no square footage limit less than $6,000,000 gross sales less than 3 stories not seasonal no bar BOP - convenience store/gas station eligibility over 3,000 square feet no car wash BOP - Contractors with payroll above ___ are not eligible for BOP. $300, BOP - Contractors that work at heights over ___ stories are not eligible for BOP. 3 BOP EXCLUDES seepage/leakage of water over ___ days. 14

BOP - true/false: BPP automatically includes property in care/custody/control. true BOP - limit for exterior signs $1, BOP - Building coverage automatically increases by ___ yearly to account for inflation. 8% BOP - BPP limit increases by ___ for stock fluctuation if insured carries ___ coinsurance. 25% 100% BOP - debris removal limit $25, BOP - Property removed covered for ___ days. 30 BOP - fire department service charge $2, BOP - waiting period for business income 72 hours BOP - Pollution clean-up limit is ___ but must be reported within __ days. $10, 180 BOP - limit for fire extinguisher recharge $5, BOP - limit for electronic data $10, BOP - limit for business income/dependent properties $5, BOP - limit for counterfeit money $1,

BOP - limit for forgery $2, BOP - limit for ordinance/law $10, BOP - Newly acquired building limit is ___, and newly aquired BPP limit is ___. Coverage is provided for ___ days. $250, $100, 30 BOP - limit for BPP off premises or in transit $10, BOP - limit for trees/shrubs/plants $2, $1,000 per tree/plant/shrub BOP - limit for personal effects of insured/employees $2, BOP - Personal effects of insured/employees EXCLUDES the peril of . theft BOP - limit for valuable papers & records $10,000 on premises $5,000 off premises BOP - limit for accounts receivable $10,000 on premises $5,000 off premises BOP - BPP temporarily in storage units is covered for $ for ___ days within ___ feet of premises. $10, 90 100

BOP - Vacancy EXCLUDES the perils of ___. Payments for all other losses are reduced by %. V&MM sprinkler leakage glass water theft all other: 15% BOP - standard deductible $ BOP - Deductible does not apply for payments under ___ coverages. fire department service charge business income/extra expense fire extinguisher recharge BOP - minimum liability limit $300,000/occurrence BOP - ( + ___) x ___ = aggregate limit occurrence limit medical payments limit 2 BOP - limit for lost wages supplemental payments $250/day BOP - A building is vacant when ___% unoccupied. 65% Crime - Claims may be reported under LOSS SUSTAINED form during policy period and ___ after expiration. one year Crime - Claims may be reported under DISCOVERY form during policy period and ___ after expiration. 60 days Crime - Custodian does not include ___ or ___.

janitor watchperson Crime - Custodian has custody of insured's property while ___ (where). inside premises Crime - Burglary must include signs of ___. forced entry Crime - Robbery is forced stealing with ___. threat of violence Crime - Theft does not include theft by ___. employee Crime - Employee theft loss cannot be proved by ___. inventory shortage Crime - true/false: Crime policy covers indirect loss/business income. false Crime - Coverage for employee guilty of dishonest act is cancelled ___. immediately Crime - Proof of loss must be submitted within ___ days. 120 Crime - Consolidation/merger is covered for ___ days. 90 Crime - Recovery is paid to who in what order?

1. insured loss above limit
2. insurer until reimbursed
3. insured's deductible Crime - valuation RCV (except money) Crime - Client's property endorsement covers theft of money/property by ___. identified employee

Crime - Unendorsed policy limits coverage to other property to perils of ___ & ___. robbery safe burglary Crime - Employee theft coverage can be written on a ___ or ___ schedule. name position Bonding - List three differences between bonding & insurance.

1. Insurance based on chance something will happen; bonds guarantee something will happen.
2. For bonds, claims not expected. Principal/insured will be held financially responsible for claims.
3. Insurance is a two party contract, and bonds are a three party contract. Bonding - List the three parties to a bond. principal surety obligee Bonding - Fidelity bond differs from crime policy in that it does NOT EXCLUDE ___. forgery or alteration (except for managers/directors) Bonding - Fidelity bonds guarantee ___. Surety bonds guarantee ___. act will not be committed act will be committed Bonding - types of court/litigation bonds appeal attachment cost injunction bail replevin Bonding - The obligee under contract bonds is ___. owner of property Bonding - types of contract bonds (6) bid performance

labor/material completion supply payment Bonding - SBA reimburses surety for losses under ___ bonds to allow ___ access to bonds. bid/performance/payment small contractors BAP - List covered auto symbols. 1 - all 2 - owned 3 - owned private passenger 4 - owned other than private passenger 5 - subject to no-fault 6 - subject to UM 7 - specifically described 8 - hired 9 - non-owned 19 - mobile equipment BAP - true/false: Owner of hired/borrowed auto is covered for liability. false BAP provides worldwide coverage for ___ vehicles for ___ days. hired/leased/rented/borrowed private passenger 30 BAP - true/false: UM, UIM, medical payments, and PIP are automatically included in BAP. false (must be added by endorsement) BAP - Drive Other Car covers ___. named insured/spouse for personal use BAP - Individual Named Insured covers ___. insured's personal auto BAP - Specified Hired Auto treats hired auto as __. covered auto Garage form blends auto & ___ coverages.

CGL

Garage - ___ must be added to cover care/custody/control. garage keepers legal liability Garage - covered auto symbols 30 & 31 30 - autos left with insured for servicing 31 - dealer's auto held for sale Garage Keepers Liability is a type of ___ coverage. bailee Garage Keepers Liability deductibles apply ___. per auto Garage physical damage coverage written on ___ basis. blanket Garage - true/false: PIP, UM, and medical payments must be added by endorsement. true Garage - False pretense covers ___. person stealing vehicle under guise of test driving it Trucker's form additional coverage part adds Trailer Interchange Coverage, which is __. legal liability coverage for non-owned trailers Motor Carrier form - Mandatory limit for hauling hazardous materials is ___ and is provided by endorsement MCS-90. $5 million Nationwide definition of inland marine includes ___. (5) imports exports domestic shipments instrumentalities of transportation/communication property floater risks Inland Marine - Explain the difference between controlled/uncontrolled policies.

controlled - rates/forms ARE filed uncontrolled - rates/forms NOT filed Inland Marine - Transit policy covers ___ (who) for ___ (what). shipper damage to goods Inland Marine - Motor Truck Cargo covers ___ (who) for ___ (what). carrier liability for damaged goods Inland Marine - Commercial Articles floater covers ___ & ___. cameras musical instruments Inland Marine - Dealer's form covers ___. (4) merchandise for sale property off premises for trial property in care/custody/control property in transit Inland Marine - Available business floaters include ___. (5) accounts receivable valuable papers & records installation sign electronic data Inland Marine - covered perils for bailee forms open peril Commercial property/BOP limit for theft of jewelry is ___. $2,500 Inland Marine - true/false: Jeweler's Block EXCLUDES property in care/custody/control of insured. false Inland Marine - Jeweler's Block valuation ACV

Inland Marine - Jeweler's Block EXCLUDES property ___ (where). exhibitions showcases off premises Inland Marine - Proof of loss must be provided within __ days. 91 Inland Marine - valuation ACV Inland Marine - Jeweler's Block inventory taken every ___. 12 months The oldest type of insurance is ___. ocean marine Ocean Marine - Collision damage to other ships paid under ___ coverage's ___ clause. hull running-down Ocean Marine - implied warranties seaworthiness condition of cargo legality no deviation in voyage Ocean Marine - Barratry is ___. mutiny Ocean marine premiums due within ___ of policy start. 45 days Ocean Marine - Voyage of ship described by ___. adventure clause Ocean Marine - Losses under running-down clause paid at ___. 3/4 Ocean Marine - Free of Capture & Seizure clause EXCLUDES ___.