Connecticut Casualty Adjuster for All Lines
1. Which of the following professional liability poli- Architects and Engi-
cies would also cover bodily injury damages? neers E&O
Architects and Engineers E&O
Insurance agents E&O
Lawyers E&O
Fiduciary Legal Liability
2. A person, firm, or corporation that, for compen- public adjuster
sation, acts on behalf of an insured in negotiating
the settlement of certain claims for loss or dam-
age to property is known as a/an:
independent adjuster
specialty adjuster
public adjuster
staff adjuster
3. Alternative dispute resolutions (ADRs) are pro- Litigation
cedures to help settle disputes using all of the
following, EXCEPT:
mediation
arbitration
litigation
negotiation
4. All of the following are excluded under the Com- dishonest acts of cus-
mercial Crime "Inside the Premises - Theft of tomers - fire, vandal-
Money and Securities" insuring agreement, EX- ism, and accounting er-
CEPT: rors are specifically ex-
cluded in this insuring
dishonest acts of customers agreement
fire
vandalism
accounting errors
5. If the insd, covered under a Homeowners policy,
suffers the loss of an article that is part of a pair
, Connecticut Casualty Adjuster for All Lines
or set. All of the following are options for the Pay for the replace-
insurer to settle the loss, EXCEPT: ment cost of the entire
pair or set
repair any part to restore the pair or set to its
value before the loss
pay the difference between the ACV of the prop-
erty 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
6. If the Commissioner finds an intentional violation $5,000 - If the Com-
of the privacy regulations regarding the sale or missioner finds that a
disclosure of personal medical information, the person intentionally vi-
Commissioner may impose a penalty of up to olated the privacy laws,
_____ for each violation. a penalty of $5,000 for
each violation may be
$2,000 imposed, but not to ex-
$10,000 ceed $50,000 in aggre-
$5,000 gate. If the Commis-
$2,500 sioner finds that there
has been a violation of
the prohibitions against
the sale or disclosure
of identifiable medical
record info, the Com-
missioner may impose
a penalty of up to
$20,000 for each viola-
tion, but not to exceed
$100,000 in the aggre-
gate for multiple viola-
tions
7. The insured is covered under an HO-6 form. The The garage is cov-
Coverage A limit is $500,000. The insured also ered as part of the
owns a separate three-car garage adjacent to the $500,000 Coverage A
condominium building worth $100,000. Which of limit. Under an HO-6
, Connecticut Casualty Adjuster for All Lines
the following statements is true regarding cover- form, structures owned
age for the garage? solely by the insured,
other than the resi-
The garage is not covered under the HO-6 form dence premises, but lo-
The garage is covered under Coverage B - Other cated at the residence
Structures premises, are covered
The garage is covered for 10% of the $500,000 as part of Coverage A.
limit as an additional amount of insurance The garage is part of
The garage is covered as part of the $500,000 the Coverage A limit
Coverage A limit chosen by the insured.
8. Insurance binders in Connecticut are valid for 60
_____ days.
120
90
60
45
9. The principle of indemnity is illustrated by which Restores an insured to
of the following? the same condition en-
joyed before a loss
Restores an insured to the same condition en-
joyed 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 recov-
ery against a third part
10. A business adjusting claims in Connecticut with- A fine of $2,000 and
out a license is subject to: imprisonment for one
year, or both
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
11. An insured carries a liability policy and an um- The insurance compa-
brella policy. The verdict in a personal injury li- ny providing the in-
, Connecticut Casualty Adjuster for All Lines
ability suit was higher than the insured's under- sured's umbrella liabil-
lying liability policy's limit of insurance. In this ity policy can appeal
situation: the case at its own ex-
pense even if the in-
The insured, the insurance company providing sured and the compa-
the insured's underlying policy and the compa- ny providing the under-
ny providing the insured's umbrella policy must lying policy do not ap-
agree on an appeal and share the expenses of peal
that appeal
Neither the insured's underlying insurer nor the
umbrella insurer may appeal without the in-
sured'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 compa-
ny providing the underlying policy do not appeal
The case cannot be appealed by any of the par-
ties
12. Jones Construction Company has a CGL policy $1,000,000
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:
13. A person takes bank deposits to the bank every Messenger. A messen-
day for a business. In Commercial Crime insur- ger has custody of
ance terminology, this person is known as a: the insured's proper-
ty outside the insured's
Messenger premises
Custodian
Cashier
Manager
14. Which of the following would be covered under A child is injured when
the "products and completed operations" cover- a wheel falls off a bi-
age of a CGL policy? cycle that was assem-
bled at the store - the
A product falls off a shelf and injures a customer other three scenarios
1. Which of the following professional liability poli- Architects and Engi-
cies would also cover bodily injury damages? neers E&O
Architects and Engineers E&O
Insurance agents E&O
Lawyers E&O
Fiduciary Legal Liability
2. A person, firm, or corporation that, for compen- public adjuster
sation, acts on behalf of an insured in negotiating
the settlement of certain claims for loss or dam-
age to property is known as a/an:
independent adjuster
specialty adjuster
public adjuster
staff adjuster
3. Alternative dispute resolutions (ADRs) are pro- Litigation
cedures to help settle disputes using all of the
following, EXCEPT:
mediation
arbitration
litigation
negotiation
4. All of the following are excluded under the Com- dishonest acts of cus-
mercial Crime "Inside the Premises - Theft of tomers - fire, vandal-
Money and Securities" insuring agreement, EX- ism, and accounting er-
CEPT: rors are specifically ex-
cluded in this insuring
dishonest acts of customers agreement
fire
vandalism
accounting errors
5. If the insd, covered under a Homeowners policy,
suffers the loss of an article that is part of a pair
, Connecticut Casualty Adjuster for All Lines
or set. All of the following are options for the Pay for the replace-
insurer to settle the loss, EXCEPT: ment cost of the entire
pair or set
repair any part to restore the pair or set to its
value before the loss
pay the difference between the ACV of the prop-
erty 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
6. If the Commissioner finds an intentional violation $5,000 - If the Com-
of the privacy regulations regarding the sale or missioner finds that a
disclosure of personal medical information, the person intentionally vi-
Commissioner may impose a penalty of up to olated the privacy laws,
_____ for each violation. a penalty of $5,000 for
each violation may be
$2,000 imposed, but not to ex-
$10,000 ceed $50,000 in aggre-
$5,000 gate. If the Commis-
$2,500 sioner finds that there
has been a violation of
the prohibitions against
the sale or disclosure
of identifiable medical
record info, the Com-
missioner may impose
a penalty of up to
$20,000 for each viola-
tion, but not to exceed
$100,000 in the aggre-
gate for multiple viola-
tions
7. The insured is covered under an HO-6 form. The The garage is cov-
Coverage A limit is $500,000. The insured also ered as part of the
owns a separate three-car garage adjacent to the $500,000 Coverage A
condominium building worth $100,000. Which of limit. Under an HO-6
, Connecticut Casualty Adjuster for All Lines
the following statements is true regarding cover- form, structures owned
age for the garage? solely by the insured,
other than the resi-
The garage is not covered under the HO-6 form dence premises, but lo-
The garage is covered under Coverage B - Other cated at the residence
Structures premises, are covered
The garage is covered for 10% of the $500,000 as part of Coverage A.
limit as an additional amount of insurance The garage is part of
The garage is covered as part of the $500,000 the Coverage A limit
Coverage A limit chosen by the insured.
8. Insurance binders in Connecticut are valid for 60
_____ days.
120
90
60
45
9. The principle of indemnity is illustrated by which Restores an insured to
of the following? the same condition en-
joyed before a loss
Restores an insured to the same condition en-
joyed 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 recov-
ery against a third part
10. A business adjusting claims in Connecticut with- A fine of $2,000 and
out a license is subject to: imprisonment for one
year, or both
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
11. An insured carries a liability policy and an um- The insurance compa-
brella policy. The verdict in a personal injury li- ny providing the in-
, Connecticut Casualty Adjuster for All Lines
ability suit was higher than the insured's under- sured's umbrella liabil-
lying liability policy's limit of insurance. In this ity policy can appeal
situation: the case at its own ex-
pense even if the in-
The insured, the insurance company providing sured and the compa-
the insured's underlying policy and the compa- ny providing the under-
ny providing the insured's umbrella policy must lying policy do not ap-
agree on an appeal and share the expenses of peal
that appeal
Neither the insured's underlying insurer nor the
umbrella insurer may appeal without the in-
sured'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 compa-
ny providing the underlying policy do not appeal
The case cannot be appealed by any of the par-
ties
12. Jones Construction Company has a CGL policy $1,000,000
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:
13. A person takes bank deposits to the bank every Messenger. A messen-
day for a business. In Commercial Crime insur- ger has custody of
ance terminology, this person is known as a: the insured's proper-
ty outside the insured's
Messenger premises
Custodian
Cashier
Manager
14. Which of the following would be covered under A child is injured when
the "products and completed operations" cover- a wheel falls off a bi-
age of a CGL policy? cycle that was assem-
bled at the store - the
A product falls off a shelf and injures a customer other three scenarios
