Texas All Lines Adjuster Test 2025 – 400 Free Practice Questions to Pass the Exam

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Question: 1 / 420

Which of the following is true about the First Named Insured?

They have lesser duties than other insured parties

They have the primary responsibility for premium payments

The First Named Insured holds significant responsibilities under an insurance policy, and one of the most critical is the primary responsibility for premium payments. This means that if the policy is in a multi-insured situation, the First Named Insured is typically accountable for ensuring that premiums are paid on time. This role is often established to streamline communication and responsibilities in cases where multiple individuals or entities are covered under the same policy.

The primary responsibility for the premium payments is a key aspect of the First Named Insured's role, as they are the first listed in the insurance policy and often have authority over policy changes, cancellations, and endorsements. Thus, understanding this responsibility is essential for anyone studying insurance practices and policies.

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They are always the owner of the property

They may not be the only insured on the policy

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