CT adjuster 12-CT Law Questions Answered Correctly – Expert Verified | Latest Version 2024/2025

A business adjusting claims in Connecticut without a license is subject to: - A fine of $2,000 and imprisonment for one year, or both. A CT adjuster license expires every two years by which date? - June 30th of every odd year. A requirement for licensing is that the applicant must not have been convicted - a felony. If the adjuster commits a felony after he or she has been licensed, the license will be revoked. After a hearing (in CT), any individual found guilty of engaging in any unfair marketing practice may be fined for each violation: - Not more than $5,000 An insurance company that is authorized to conduct business in a particular state: - Admitted insurer. An insurance professional has willfully embezzled or misappropriated money, premiums or other property of an insurer. Under the Federal Insurance Fraud and False Statements Act, the violator is subject to imprisonment for up to: - 10 years. An insurer who has not been issued a certificate of authority and cannot operate in CT is known as: - Non-admitted insurer