Insurance adjuster
Any person who, as an independent contractor, or as an employee of an independent contractor, adjustment bureau, association,
... [Show More] insurance company or corporation, local recording agent, managing general agent, or self-insured, investigates or adjusts losses on behalf of either an insurer or a self insured, or any person who supervises the handling of claims.
Staff Adjusters
On the payroll of an insurance company and are paid a salary or by hour
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Independent Adjuster
handles claims for one or more insurance companies. They may: receive a fee based on time and expense, they may be on the payroll as a permanent employee of an independent adjusting firm, they may be paid a percentage of the loss or per diem.
Public adjuster
work on behalf of the insured in negotiating a claim settlement. Under current law in Texas, is legal and requiers another license.
Worker's compensation Adjuster
This license allows a person to adjust or supervise all workers' compensation, employers liability, United States Longshore, and Habor Works' Compensation Act, Jones Act, and all other federal acts
Property and Casualty Adjuster
This license allows a person to adjust or supervise claims in all areas of property and casualty insurance except workers' compensation.
All-Lines Adjuster
This license allows a person to adjust or supervise claims in all lines of insurance included in (1) and (2)
Domestic
An insurer organized, admitted, and writing insurance in Texas
Foreing
An insurer domiciled outside the state where it writes insurance
Alien
An insurance company organized and domiciled outside the US
Texas Department of Insurance
Who is Responsible for licensing property and casualty adjusters
10 days
How many days' advance notice is an adjuster entitled to receive in the event of a hearing with the Texas Department of Insurance.
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30 hours
A licensed Property and casualty adjuster must complete how many hours of continuing education within his 2-year licensing period?
AIC
Which of the following designations exempts a person from taking the property and casualty adjuster state exam
18 years old
An individual must be what age to receive the property and casualty adjuster license?
2 hours
How many hours of ethics must a licensed adjuster complete every licensing period (2 years)
Within 30 days of the change
How soon must a licensed adjuster notify the Texas Department of Insurance (TDI) of an address change?
Governor of Texas
Who appoints the commissioner of Insurance?
1 or more
How many companies might an independent adjuster represent?
Insured
A public adjuster represents which of the following?
Business day
This is a day other than a Saturday, Sunday, or a holiday recognized by this state.
First-Party Claim
Claim made by an insured or policy holder under an insurance policy or contract or by a beneficiary named in the policy or contract. Must be paid by the insurer directly to the insured/beneficiary
Claimant
This is the person making a claim
Notice of the Claim
any written notification provided by a claimant to an insurer that reasonably apprises the insurer of the facts relating to the claim.
Within 15 days
The insurer must acknowledge receipt of the claim, commence any investigation of the claim, request from the claimant all items, statements, and forms that the insurer reasonably believes, at that time, will be required from the claimant within how many days?
within 15 business days after receiving complete information
An insurer must notify a claimant in writing of the acceptance or rejection of a claim when?
Within 30 days of the date the insurer receives complete information
If insurer has a reasonable basis to believe that a loss resulted from arson, the insurer must notify the claimant in writing of the acceptance or rejection of the claim
15 days
In the event of a weather-related catastrophe, how long is the given extension for handling claims? [Show Less]