CONNECTICUT ADJUSTER EXAM.

CONNECTICUT ADJUSTER EXAM

WhenoodoesootheooConnecticutooadjusteroolicenseooexpire?oo-ooans--
EveryootwoooyearsooonooJuneoo30thoo(ofoooddooyears)ooRenewsooonooJulyoo1.

Whatooisootheoopenaltyooforooimpersonatingoosomeoneootoootakeooanooexam?oo-ooans--
$4,000ooandooupootooo6oomonthsooinoojail.

WhatoodoesootheooCTooInsuranceooInformationooandooPrivacyooProtectionooActoodealoowit
h?oo-ooans--Disclosureoooroosaleooofoopersonalooinformation.

WhatooregulatesootheooInsuranceooindustry?oo-ooans--
LawsooandootheooDepartmentooofooInsuranceooinvestigationsooandooinquiries.

Businessoopenalty?
Adjusteroopenalty?oo-ooans--
BusinessoothatooadjustooclaimsooinooCToowithoutooaoolicenseoocouldoobeoofined.oo
AdjustersoowhoooadjustooclaimsooinooCToowithoutooaoolicenseoocanoobeoofinedoooroojailed.

Penaltyooforoomisrepresentationooorooconcealmentooofooinfoooregardingootheoopolicy?oo-
ooans--Finedooupootooo$15,000


Whatooisooaoorepresentation?oo-ooans--
Aoostatementoomadeooaboutooyourselfoothatooyourooinsuranceooapplication/
binderooisoothenoomadeooonootheoopremiseooof.

Whatooisoomisrepresentation?oo-ooans--
Makingoofalseoostatementsooaboutooyourself,ootypicallyooonootheooinsuranceooapplication.

Whatooisooconcealment?oo-ooans--
Withholdingoomaterialoofactsoo(canoobeoodoneoobyootheooinsuredooORooinsurer)

WhatooisooInsurance?oo-ooans--
Insuranceootransfersootheooriskooofoolossoofromooanooindividualoooroobusinessooentityootooo
anooinsuranceoocompany,oowhereootheooinsurerooagreesootooopayooforoospecifiedoolosseso
oinooreturnooforoopremiumoodollars.


WhatooisooaooBinder?oo-ooans--
Temporaryooevidenceooofoocoverageoo(basedooonootheooinsuredoorepresentationooofoothe
mselves.)

, Whenoodoesooanooinsuranceoopolicyoobecomeooactive?oo-ooans--
12:01amooonootheooeffectiveoodate.

Whatooisooaoofiduciary?oo-ooans--
Personooorooorganizationooholdingootheoofundsoooroopropertyooofooanotherooinoopositionoo
ofootrust.

Whatooisooneededootoooinsureooaoovehicle?oo-ooans--
Aoopersonoooroocompanyooneedsooanooinsurableoointerest.

WhatooisootheoodutyooofootheooCommissionerooofooInsurance?oo-ooans--
Seeoothatootheooinsuranceoolawsooareooexecutedooandootheoopublicoointerestooisooprotecte
d.

WhatooisooanooAssignedooRiskooPlan?oo-ooans--
Poolsoosimilarooriskoogroupsooandoosaysooaoocompanyoomustootakeooonooaoopercentageoo
ofoohighooriskoo(badoodriver)oopolicies.

TypesooofooInsuranceooCompanies?oo-ooans---Stockoocompanies
-Mutualoocompanies
-Lloyd'sooCompanies
-SelfooInsured

Whatooisooaoomutualoocompany?ooExample?oo-ooans--
Ownedoobyooitsoopolicyooholders.ooTheyooshareooinootheooprofitsooandoolossesooinootheoofo
rmooofooloweroopremiums.oo
Example:ooLibertyooMutual

Whatooisooaoostockoocompany?ooExample?oo-ooans--
Ownedoobyootheooshareholdersoooroostockholders.
Example:ooGeico

Whatooisoo"Privilegedooinformation"?oo-ooans--
Anyooidentifiableooinformationoothat:ooA)ooRelatesootoooaooclaimooforooinsuranceoobenefits
oooroociviloooroocriminalooproceedingooinvolvingooanooindividual;ooandooB)ooisoocollectedooi
nooconnectionoowithooorooinooreasonableooanticipationooofooaooclaimooorooinsuranceoobene
fitsooorooaoociviloooroocriminalooproceedingooinvolvingooanooindividual.

Whatooareootheootwoooliabilityoocoverages?oo-ooans--
PropertyoodamageooandooBodilyooinjury

WhatooisooOTCoocoverage?oo-ooans--Otheroothanoocollisionoo(Comprehensive)

Definitionooofoo"occupying"ooaoovehicle?oo-ooans---Beingooin
-Beingooupon
-Gettingoointo