CT License Practice Exam 2 Questions Answered Correctly – Expert Verified | Latest Version 2024/2025

"Adjustment" is another word for what part of the adjusting process? - Settlement A "direct writing" insurance company sells its policies through: A. Employees of the company B. Licensed insurance brokers C. Independent insurance agents D. Exclusive or Captive agents - A. Employees of the company A company's legal responsibility for the acts of its employees is known as what? - Vicarious liability A defense against liability based upon the principal that a person who knowingly exposes themselves to danger or injury cannot hold another person or entity responsible for the loss is called __________. - Assumption of Risk A licensee may be suspended, revoked or non-renewed by the Commissioner of Insurance for all of the following EXCEPT