CT SEPTIC LICENSE FINAL EXAM SCRIPT 2026
COMPLETE QUESTIONS AND SOLUTIONS
◉Agent's responsibility . Answer: Sell insurance, collect premiums,
service the contract, issue and countersign policies, agents act as the
representatives for the insurance company
◉Agent/producer . Answer: one who solicits, negotiates or effects
contracts of insurance on behalf of an insurer.
◉Law of agency . Answer: insurance agents are granted powers by the
insurance company to bind or accept risks on behalf of the insurer.
◉Expressed authority . Answer: authority that is distinctly, plainly
expressed or implied or in writing.
Implied authority: authority granted to an agent, even though not stated,
that lets the agent perform tasks usual and necessary to exercise the
agent's express authority
◉Apparent authority . Answer: this is a doctrine that assumes that the
agent has the authority that a normal prudent person would think or be
led to believe they have.
,◉Aleatory . Answer: an insurance contract is aleatory, which means that
it is contingent on an uncertain event (a loss). Premiums are always paid
but if there is no loss, the company does not make a payment under the
policy
◉Adhesion . Answer: insurance contracts are contracts of adhesion
which means that one party has greater power over the other in drafting
the contract.
◉Unilateral . Answer: an insurance policy is a unilateral contract. Only
the insurance company is legally bound to perform its part of the
agreement.
◉Executory . Answer: both sides must perform certain acts to make the
contract legally enforceable
◉Conditional . Answer: an insurance policy has a number of conditions
that both parties must abide by
◉Utmost good faith . Answer: Each party must disclose all material
information and facts and bargain in good faith
◉Personal aspect . Answer: insurance does not cover the property itself,
it insures the person who has insurable interest in the property. For
, instance, with the sale of a vehicle, the insurance policy does not pass to
the new owner
◉Principle of indemnity . Answer: the contract must restore the injured
party to the financial position previously held before the loss.
◉Representations . Answer: Statements made on the application for
insurance that the applicant believes to be true and to the best of his/her
knowledge
◉Misrepresentations: . Answer: written or verbal untrue statements
made by the insured, usually at the time when an application is made,
that had the insurer known the truth they would not have written the
policy or would have classified the risk differently.
◉Concealment . Answer: the withholding of a material fact. The failure
of the insured to reveal relevant facts known to the insured when
applying for an insurance policy.
◉Family member . Answer: means a person related to you by blood,
marriage or adoption who is a resident of your household
◉Occupying . Answer: means in, upon, getting in, on or out of
COMPLETE QUESTIONS AND SOLUTIONS
◉Agent's responsibility . Answer: Sell insurance, collect premiums,
service the contract, issue and countersign policies, agents act as the
representatives for the insurance company
◉Agent/producer . Answer: one who solicits, negotiates or effects
contracts of insurance on behalf of an insurer.
◉Law of agency . Answer: insurance agents are granted powers by the
insurance company to bind or accept risks on behalf of the insurer.
◉Expressed authority . Answer: authority that is distinctly, plainly
expressed or implied or in writing.
Implied authority: authority granted to an agent, even though not stated,
that lets the agent perform tasks usual and necessary to exercise the
agent's express authority
◉Apparent authority . Answer: this is a doctrine that assumes that the
agent has the authority that a normal prudent person would think or be
led to believe they have.
,◉Aleatory . Answer: an insurance contract is aleatory, which means that
it is contingent on an uncertain event (a loss). Premiums are always paid
but if there is no loss, the company does not make a payment under the
policy
◉Adhesion . Answer: insurance contracts are contracts of adhesion
which means that one party has greater power over the other in drafting
the contract.
◉Unilateral . Answer: an insurance policy is a unilateral contract. Only
the insurance company is legally bound to perform its part of the
agreement.
◉Executory . Answer: both sides must perform certain acts to make the
contract legally enforceable
◉Conditional . Answer: an insurance policy has a number of conditions
that both parties must abide by
◉Utmost good faith . Answer: Each party must disclose all material
information and facts and bargain in good faith
◉Personal aspect . Answer: insurance does not cover the property itself,
it insures the person who has insurable interest in the property. For
, instance, with the sale of a vehicle, the insurance policy does not pass to
the new owner
◉Principle of indemnity . Answer: the contract must restore the injured
party to the financial position previously held before the loss.
◉Representations . Answer: Statements made on the application for
insurance that the applicant believes to be true and to the best of his/her
knowledge
◉Misrepresentations: . Answer: written or verbal untrue statements
made by the insured, usually at the time when an application is made,
that had the insurer known the truth they would not have written the
policy or would have classified the risk differently.
◉Concealment . Answer: the withholding of a material fact. The failure
of the insured to reveal relevant facts known to the insured when
applying for an insurance policy.
◉Family member . Answer: means a person related to you by blood,
marriage or adoption who is a resident of your household
◉Occupying . Answer: means in, upon, getting in, on or out of
