CT ALL LINES ADJUSTER EXAM QUESTIONS
Tortfeasor - Answers - wrongdoer
risk - Answers - chance of loss
what is a hazard - Answers - a hazard is a condition that increases the likely
occurrence of a peril or the likely severity of a loss
what is a peril - Answers - peril is the destructive event that insurance guards against
what is the assumption of risk - Answers - I will pay for it if it goes wrong
tort liability - Answers - the tortfeasor who is found to be liable or responsible for a
person's injuries will likely be required to pay damages
open peril - Answers - coverages of all losses EXCEPT exclusions
named peril - Answers - coverage of a NAMED perils and nothing else
a non owned dog is in the neighborhood and bites a neighbor, based on the
homeowners insurance policy would they be covered? - Answers - yes, because is it in
their custody, treated like child below the age of 13
what is a suit? - Answers - a lawsuit, filing a complaint
what does farmers insurance include? - Answers - FIRE LIABILITY
What happens when an individual is acting as a casualty claim adjuster? What
repercussions will be taken? - Answers - If the Commissioner determines from the
hearing that the person has engaged in
the alleged violations, the Commissioner can issue the cease-and-desist order. The
Commissioner may also
- Impose a fine of up to $5,000 for each violation, up to a total of
$50,000 for all violations;
- Impose a fine of $25,000 for each violation, up to a total of
$250,000 in a six-month period, if the person committed the
violation willfully or should have known that the act was a
violation;
- Suspend or revoke the person's license if the person knew or
should have known that the act was a violation; and
- Order the person to pay back any money that the person
wrongfully acquired.
If an owner has a sailing vessel of 26 ft with 50 horsepower, based on the homeowners
, insurance policy, will it be covered or will they need a separate coverage? - Answers -
● stored
● a sailing vessel under 26 feet in length; or 26 feet or longer and not
owned by or rented to an insured
● not a sailing vessel and is powered by smaller engines based on the
type of motor and subject to various restrictions
What does a boiler explosion cover? - Answers - If the steaming boiler is inide it will be
covered
Steam Boiler Explosion
Most insurance covering buildings and personal property provides
coverage for losses caused by explosion but exclude coverage for losses
caused by a boiler explosion.
what is an insuring agreement? - Answers - Insuring Agreement - Sometimes called an
insuring clause, the insuring
agreement sets forth the insurer's basic promise under the policy.
What is a binder? - Answers - Insurance binders are contracts of temporary insurance
pending the issuance
of a formal policy or proper rejection of the application by the insurer. The
binder serves only as a temporary or interim policy until a formal policy is issued.
What happens when an attorney gets involved in a claim? - Answers - proceed with
the attorney process
A lady comes into a store and rips her coat on your counter, is it a leased business,
based
on the business insurance policy will it cover for her damages? - Answers - No
because the person is unknown
An insured gets his 7 year old a new bicycle, the kid goes on the sidewalk and hits a
pedestrian causing them damages of 350 dollars. Based on the homeowners insurance
policy will this be covered? - Answers - yes, because he is a minor you pay the 350.00
You are riding a golf cart at a golfing course with a passenger when you are at the
tee you forget to put the cart on break and hit the passenger causing them medical
damages. Based on the homeowners insurance policy, will their medical damages be
covered? - Answers - It will cover the medical payments and liability if it is a golf cart
The second part states that even if coverage would be excluded under the first
part, the policy will cover liability and medical payments if the motor vehicle is: a
motorized golf cart
when does a policy go into affect? - Answers - The effective date at 12:01 am
Based on workers comp how many weeks do they get paid? - Answers - 52 weeks
Tortfeasor - Answers - wrongdoer
risk - Answers - chance of loss
what is a hazard - Answers - a hazard is a condition that increases the likely
occurrence of a peril or the likely severity of a loss
what is a peril - Answers - peril is the destructive event that insurance guards against
what is the assumption of risk - Answers - I will pay for it if it goes wrong
tort liability - Answers - the tortfeasor who is found to be liable or responsible for a
person's injuries will likely be required to pay damages
open peril - Answers - coverages of all losses EXCEPT exclusions
named peril - Answers - coverage of a NAMED perils and nothing else
a non owned dog is in the neighborhood and bites a neighbor, based on the
homeowners insurance policy would they be covered? - Answers - yes, because is it in
their custody, treated like child below the age of 13
what is a suit? - Answers - a lawsuit, filing a complaint
what does farmers insurance include? - Answers - FIRE LIABILITY
What happens when an individual is acting as a casualty claim adjuster? What
repercussions will be taken? - Answers - If the Commissioner determines from the
hearing that the person has engaged in
the alleged violations, the Commissioner can issue the cease-and-desist order. The
Commissioner may also
- Impose a fine of up to $5,000 for each violation, up to a total of
$50,000 for all violations;
- Impose a fine of $25,000 for each violation, up to a total of
$250,000 in a six-month period, if the person committed the
violation willfully or should have known that the act was a
violation;
- Suspend or revoke the person's license if the person knew or
should have known that the act was a violation; and
- Order the person to pay back any money that the person
wrongfully acquired.
If an owner has a sailing vessel of 26 ft with 50 horsepower, based on the homeowners
, insurance policy, will it be covered or will they need a separate coverage? - Answers -
● stored
● a sailing vessel under 26 feet in length; or 26 feet or longer and not
owned by or rented to an insured
● not a sailing vessel and is powered by smaller engines based on the
type of motor and subject to various restrictions
What does a boiler explosion cover? - Answers - If the steaming boiler is inide it will be
covered
Steam Boiler Explosion
Most insurance covering buildings and personal property provides
coverage for losses caused by explosion but exclude coverage for losses
caused by a boiler explosion.
what is an insuring agreement? - Answers - Insuring Agreement - Sometimes called an
insuring clause, the insuring
agreement sets forth the insurer's basic promise under the policy.
What is a binder? - Answers - Insurance binders are contracts of temporary insurance
pending the issuance
of a formal policy or proper rejection of the application by the insurer. The
binder serves only as a temporary or interim policy until a formal policy is issued.
What happens when an attorney gets involved in a claim? - Answers - proceed with
the attorney process
A lady comes into a store and rips her coat on your counter, is it a leased business,
based
on the business insurance policy will it cover for her damages? - Answers - No
because the person is unknown
An insured gets his 7 year old a new bicycle, the kid goes on the sidewalk and hits a
pedestrian causing them damages of 350 dollars. Based on the homeowners insurance
policy will this be covered? - Answers - yes, because he is a minor you pay the 350.00
You are riding a golf cart at a golfing course with a passenger when you are at the
tee you forget to put the cart on break and hit the passenger causing them medical
damages. Based on the homeowners insurance policy, will their medical damages be
covered? - Answers - It will cover the medical payments and liability if it is a golf cart
The second part states that even if coverage would be excluded under the first
part, the policy will cover liability and medical payments if the motor vehicle is: a
motorized golf cart
when does a policy go into affect? - Answers - The effective date at 12:01 am
Based on workers comp how many weeks do they get paid? - Answers - 52 weeks
