1.
granting of the privileges and licensing in a state based on having a license in another state that is deemed equivalent by the granting state.
2.
the cost associated with replacing property at current market value. Actual cash value plus depreciation equals replacement cost.
4.
damaged property an insurer takes over to reduce their loss after paying a claim.
5.
the insurance company to which the risk is transferred to by the contract.
6.
legislative acts or laws.
7.
the process by which an insurance company, after paying a loss, seeks to recover the amount of the loss from the party responsible or liable for the damages.
8.
guarantee that contractual obligations will be fulfilled.
9.
a beneficiary of a contract only as a result of the First Party’s negligence and liability.
10.
civil wrong based on common law.
11.
someone who intrudes on the privacy or property of another without permission.
12.
an individual or organization offering continuing education courses for licenses and/or pre---licensing instruction for adjusters.
13.
an individual hired by the insured to settle a claim with the insurance company on behalf of the insured.
14.
amount of loss paid by the policyholder.
15.
a loss covered by a specific named peril.
16.
the party buying the protection of the contract and using it to transfer the risk (insured).
17.
a condition that enhances the chance of a loss.
18.
a type of insurance associated with the risks or perils of transportation.
19.
the result of an insured’s tort or wrongdoing. Consequences of a loss or amount and type of losses suffered.
20.
a state officer who administers the state’s insurance laws and regulations.
21.
an individual who investigates or adjusts losses on behalf of either an insurer or self---insured, or any person who supervises the handling of claims.
22.
the process of involving a third party appraiser, or umpire, to govern a dispute of a claim settlement amount.
23.
a person who voluntarily gives up possession of the property.
24.
any request or demand for payment under the terms of the insurance contract.
25.
specific protection for an insured under an insurance policy.
26.
personal property that is not part of the dwelling or structure.
27.
amount of loss paid by the policyholder.
28.
a written agreement attached to the policy expanding or limiting the benefits otherwise payable under the policy.
29.
the result of a waiver, or of the conduct from which a waiver can be implied.
30.
a loss or risk that the policy does not cover.
31.
the entity that is the “recipient” to the Principal.
32.
Personal Injury Protection
33.
Non-Recoverable Depreciation
35.
Additional Living Expense
37.
Commercial General Liability
38.
Commercial Inland Marine
39.
Commercial Ocean Marine
40.
Commercial Property Policy
41.
Deceptive Trade Practices Act
44.
Recoverable Depreciation
45.
Special Investigation Unit
46.
Texas Department of Insurance
48.
Texas Personal Auto Policy
49.
Texas Standard Fire Policy
50.
Insurance Service Office
