CONNECTICUT CASUALTY ADJUSTER FOR ALL
LINES
Which of the following professional liability policies would also cover bodily injury
damages?
Architects and Engineers E&O
Insurance agents E&O
Lawyers E&O
Fiduciary Legal Liability - Answers -Architects and Engineers E&O
A person, firm, or corporation that, for compensation, acts on behalf of an insured in
negotiating the settlement of certain claims for loss or damage to property is known as
a/an:
independent adjuster
specialty adjuster
public adjuster
staff adjuster - Answers -public adjuster
Alternative dispute resolutions (ADRs) are procedures to help settle disputes using all of
the following, EXCEPT:
mediation
arbitration
litigation
negotiation - Answers -Litigation
All of the following are excluded under the Commercial Crime "Inside the Premises -
Theft of Money and Securities" insuring agreement, EXCEPT:
dishonest acts of customers
fire
vandalism
accounting errors - Answers -dishonest acts of customers - fire, vandalism, and
accounting errors are specifically excluded in this insuring agreement
If the insd, covered under a Homeowners policy, suffers the loss of an article that is part
of a pair or set. All of the following are options for the insurer to settle the loss,
EXCEPT:
repair any part to restore the pair or set to its value before the loss
,pay the difference between the ACV of the property before and after the loss
pay for the replacement cost of the entire pair or set
replace any part to restore the pair or set to its value before the loss - Answers -Pay
for the replacement cost of the entire pair or set
If the Commissioner finds an intentional violation of the privacy regulations regarding
the sale or disclosure of personal medical information, the Commissioner may impose a
penalty of up to _____ for each violation.
$2,000
$10,000
$5,000
$2,500 - Answers -$5,000 - If the Commissioner finds that a person intentionally
violated the privacy laws, a penalty of $5,000 for each violation may be imposed, but not
to exceed $50,000 in aggregate. If the Commissioner finds that there has been a
violation of the prohibitions against the sale or disclosure of identifiable medical record
info, the Commissioner may impose a penalty of up to $20,000 for each violation, but
not to exceed $100,000 in the aggregate for multiple violations
The insured is covered under an HO-6 form. The Coverage A limit is $500,000. The
insured also owns a separate three-car garage adjacent to the condominium building
worth $100,000. Which of the following statements is true regarding coverage for the
garage?
The garage is not covered under the HO-6 form
The garage is covered under Coverage B - Other Structures
The garage is covered for 10% of the $500,000 limit as an additional amount of
insurance
The garage is covered as part of the $500,000 Coverage A limit - Answers -The
garage is covered as part of the $500,000 Coverage A limit. Under an HO-6 form,
structures owned solely by the insured, other than the residence premises, but located
at the residence premises, are covered as part of Coverage A. The garage is part of the
Coverage A limit chosen by the insured.
Insurance binders in Connecticut are valid for _____ days.
120
90
60
45 - Answers -60
The principle of indemnity is illustrated by which of the following?
Restores an insured to the same condition enjoyed before a loss
Allows an insured to profit from a loss
Limits recovery to actual cash value
,Requires an insured to assign any right of recovery against a third part - Answers -
Restores an insured to the same condition enjoyed before a loss
A business adjusting claims in Connecticut without a license is subject to:
A fine of $10,000
A fine of $2,000 and imprisonment for one year, or both
Denial of future licensure
A fine of $500 - Answers -A fine of $2,000 and imprisonment for one year, or both
An insured carries a liability policy and an umbrella policy. The verdict in a personal
injury liability suit was higher than the insured's underlying liability policy's limit of
insurance. In this situation:
The insured, the insurance company providing the insured's underlying policy and the
company providing the insured's umbrella policy must agree on an appeal and share the
expenses of that appeal
Neither the insured's underlying insurer nor the umbrella insurer may appeal without the
insured's agreement
The insurance company providing the insured's umbrella liability policy can appeal the
case at its own expense even if the insured and the company providing the underlying
policy do not appeal
The case cannot be appealed by any of the parties - Answers -The insurance
company providing the insured's umbrella liability policy can appeal the case at its own
expense even if the insured and the company providing the underlying policy do not
appeal
Jones Construction Company has a CGL policy with coverage dates of 03/01/17 to
03/01/18. The per occurrence limit is $500,000 and the general aggregate limit of
$1,000,000. The maximum that can be paid out on the insured's behalf is: - Answers -
$1,000,000
A person takes bank deposits to the bank every day for a business. In Commercial
Crime insurance terminology, this person is known as a:
Messenger
Custodian
Cashier
Manager - Answers -Messenger. A messenger has custody of the insured's property
outside the insured's premises
Which of the following would be covered under the "products and completed operations"
coverage of a CGL policy?
A product falls off a shelf and injures a customer
An employee injuries a customer while demonstrating how a product operates
, A customer injuries their hand while attempting to obtain candy from a vending machine
that is located in the store
A child is injured when a wheel falls off a bicycle that was assembled at the store -
Answers -A child is injured when a wheel falls off a bicycle that was assembled at the
store - the other three scenarios occurred at the store location and would be considered
a "premises" claim, not a "products" claim
Except for certain types of bonds, an insurer in Connecticut cannot limit the time for
suits against the insurer to less than:
three years
four years
two years
one year - Answers -on year - no insurance company doing business in Connecticut
may limit the time during which any suit may be brought against it to less than one year
from the time when the loss insured against occurs
Which of the following is the BEST explanation as to the reason insurance policies are
called "unilateral contracts?"
because the insurance contract will only restore one part to the contract to his or her
previously held financial position
because insurance contract is based on the insured's personal insurable interest
because the insured is the only party to the contract that is required to pay a premium
because the insurance company is the only party to the contract that can be sued if they
do not meet the terms - Answers -Because the insurance company is the only party to
the contract that can be sued if they do not meet the terms - an insurance policy is
unilateral because only one party is legally-bound to perform its part of the agreement
Oliver Dogwood was in an auto accident which destroyed his car. While investigating
the accident, Adjuster Doright found that Mr. Dogwood paid $1,000 for the vehicle. After
checking with others he found the same vehicle with an asking price of $1,700, a retail
price of $2,150 and a dealer price of $1,750. What amount will Mr. Dogwood receive?
$1,950
$2,150
$1,000
$1,700 - Answers -$2,150 - the insured is required to pay retail price plus sales tax
Under the Coverage A insuring agreement of the commercial general liability policy, the
bodily injury or property damage must be caused by:
an intentional tort
only a sudden and accidental
any activity
LINES
Which of the following professional liability policies would also cover bodily injury
damages?
Architects and Engineers E&O
Insurance agents E&O
Lawyers E&O
Fiduciary Legal Liability - Answers -Architects and Engineers E&O
A person, firm, or corporation that, for compensation, acts on behalf of an insured in
negotiating the settlement of certain claims for loss or damage to property is known as
a/an:
independent adjuster
specialty adjuster
public adjuster
staff adjuster - Answers -public adjuster
Alternative dispute resolutions (ADRs) are procedures to help settle disputes using all of
the following, EXCEPT:
mediation
arbitration
litigation
negotiation - Answers -Litigation
All of the following are excluded under the Commercial Crime "Inside the Premises -
Theft of Money and Securities" insuring agreement, EXCEPT:
dishonest acts of customers
fire
vandalism
accounting errors - Answers -dishonest acts of customers - fire, vandalism, and
accounting errors are specifically excluded in this insuring agreement
If the insd, covered under a Homeowners policy, suffers the loss of an article that is part
of a pair or set. All of the following are options for the insurer to settle the loss,
EXCEPT:
repair any part to restore the pair or set to its value before the loss
,pay the difference between the ACV of the property before and after the loss
pay for the replacement cost of the entire pair or set
replace any part to restore the pair or set to its value before the loss - Answers -Pay
for the replacement cost of the entire pair or set
If the Commissioner finds an intentional violation of the privacy regulations regarding
the sale or disclosure of personal medical information, the Commissioner may impose a
penalty of up to _____ for each violation.
$2,000
$10,000
$5,000
$2,500 - Answers -$5,000 - If the Commissioner finds that a person intentionally
violated the privacy laws, a penalty of $5,000 for each violation may be imposed, but not
to exceed $50,000 in aggregate. If the Commissioner finds that there has been a
violation of the prohibitions against the sale or disclosure of identifiable medical record
info, the Commissioner may impose a penalty of up to $20,000 for each violation, but
not to exceed $100,000 in the aggregate for multiple violations
The insured is covered under an HO-6 form. The Coverage A limit is $500,000. The
insured also owns a separate three-car garage adjacent to the condominium building
worth $100,000. Which of the following statements is true regarding coverage for the
garage?
The garage is not covered under the HO-6 form
The garage is covered under Coverage B - Other Structures
The garage is covered for 10% of the $500,000 limit as an additional amount of
insurance
The garage is covered as part of the $500,000 Coverage A limit - Answers -The
garage is covered as part of the $500,000 Coverage A limit. Under an HO-6 form,
structures owned solely by the insured, other than the residence premises, but located
at the residence premises, are covered as part of Coverage A. The garage is part of the
Coverage A limit chosen by the insured.
Insurance binders in Connecticut are valid for _____ days.
120
90
60
45 - Answers -60
The principle of indemnity is illustrated by which of the following?
Restores an insured to the same condition enjoyed before a loss
Allows an insured to profit from a loss
Limits recovery to actual cash value
,Requires an insured to assign any right of recovery against a third part - Answers -
Restores an insured to the same condition enjoyed before a loss
A business adjusting claims in Connecticut without a license is subject to:
A fine of $10,000
A fine of $2,000 and imprisonment for one year, or both
Denial of future licensure
A fine of $500 - Answers -A fine of $2,000 and imprisonment for one year, or both
An insured carries a liability policy and an umbrella policy. The verdict in a personal
injury liability suit was higher than the insured's underlying liability policy's limit of
insurance. In this situation:
The insured, the insurance company providing the insured's underlying policy and the
company providing the insured's umbrella policy must agree on an appeal and share the
expenses of that appeal
Neither the insured's underlying insurer nor the umbrella insurer may appeal without the
insured's agreement
The insurance company providing the insured's umbrella liability policy can appeal the
case at its own expense even if the insured and the company providing the underlying
policy do not appeal
The case cannot be appealed by any of the parties - Answers -The insurance
company providing the insured's umbrella liability policy can appeal the case at its own
expense even if the insured and the company providing the underlying policy do not
appeal
Jones Construction Company has a CGL policy with coverage dates of 03/01/17 to
03/01/18. The per occurrence limit is $500,000 and the general aggregate limit of
$1,000,000. The maximum that can be paid out on the insured's behalf is: - Answers -
$1,000,000
A person takes bank deposits to the bank every day for a business. In Commercial
Crime insurance terminology, this person is known as a:
Messenger
Custodian
Cashier
Manager - Answers -Messenger. A messenger has custody of the insured's property
outside the insured's premises
Which of the following would be covered under the "products and completed operations"
coverage of a CGL policy?
A product falls off a shelf and injures a customer
An employee injuries a customer while demonstrating how a product operates
, A customer injuries their hand while attempting to obtain candy from a vending machine
that is located in the store
A child is injured when a wheel falls off a bicycle that was assembled at the store -
Answers -A child is injured when a wheel falls off a bicycle that was assembled at the
store - the other three scenarios occurred at the store location and would be considered
a "premises" claim, not a "products" claim
Except for certain types of bonds, an insurer in Connecticut cannot limit the time for
suits against the insurer to less than:
three years
four years
two years
one year - Answers -on year - no insurance company doing business in Connecticut
may limit the time during which any suit may be brought against it to less than one year
from the time when the loss insured against occurs
Which of the following is the BEST explanation as to the reason insurance policies are
called "unilateral contracts?"
because the insurance contract will only restore one part to the contract to his or her
previously held financial position
because insurance contract is based on the insured's personal insurable interest
because the insured is the only party to the contract that is required to pay a premium
because the insurance company is the only party to the contract that can be sued if they
do not meet the terms - Answers -Because the insurance company is the only party to
the contract that can be sued if they do not meet the terms - an insurance policy is
unilateral because only one party is legally-bound to perform its part of the agreement
Oliver Dogwood was in an auto accident which destroyed his car. While investigating
the accident, Adjuster Doright found that Mr. Dogwood paid $1,000 for the vehicle. After
checking with others he found the same vehicle with an asking price of $1,700, a retail
price of $2,150 and a dealer price of $1,750. What amount will Mr. Dogwood receive?
$1,950
$2,150
$1,000
$1,700 - Answers -$2,150 - the insured is required to pay retail price plus sales tax
Under the Coverage A insuring agreement of the commercial general liability policy, the
bodily injury or property damage must be caused by:
an intentional tort
only a sudden and accidental
any activity
