CT Casualty Adjuster-ALL LINES Final Exam Questions With Verified Solutions.
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Course
Connecticut Insurance Claims Adjuster License
Institution
Connecticut Insurance Claims Adjuster License
What must be on the final draft when a payment is issued? - Answer The type of coverage the payment is coming from
Which of the following is not true regarding the CT Insurance Guaranty Association? - Answer The association will pay up to $250,000 for covered claims rising out of a workers...
CT Casualty Adjuster-ALL LINES Final
Exam Questions With Verified Solutions.
What must be on the final draft when a payment is issued? - Answer The type of coverage the payment
is coming from
Which of the following is not true regarding the CT Insurance Guaranty Association? - Answer The
association will pay up to $250,000 for covered claims rising out of a workers compensation policy.
Motor home is not covered on a Personal Auto Policy. The vehicle can be added to the policy by using
what endorsement? - Answer Miscellaneous Type Vehicles. Missy elliot in a motor home.
The insurer intends to cancel a Personal Automobile Policy for an approved reason (other than
nonpayment of premium) it must provide _____ day cancellation notice to the insured with the reasons
for the cancellation. - Answer 30 days. 1 month.
Under the Business Owners Policy, which of the following is not automatic coverage? - Answer hired
and non-owned automobile coverage is NOT automatic coverage in a BOP
Under motor coverage act, how long are the goods covered? - Answer until they are unloaded and
placed in a designated place.
What is excluded in a Business Auto Policy? - Answer any tapes, discs, devices, etc that are not
permanently installed in the vehicle
Wages lost as a result of auto accident where a third party was at fault are considered what type of
damages? - Answer Special. numbers are special damages.
How many years does the Basic Extended Reporting Period in a claims made policy give the insured to
report claims that allegedly occurred during the policy period? - Answer 5 years.
"any act of stealing" is known as _____? - Answer theft
, An "open-ended" release pertains to: - Answer a conditional or partial release. Example: the insurance
company agrees to pay some additional bills when they become available. These additional bills are
viewed as a part of the settlement agreement. Open-ended releases are generally subject to specific
time and monetary limits. (I'll pay what you're owed now and if more bills come up, I got you)
Under the commercial auto forms, what is the limit for transportation expenses when the insured has
suffered a theft loss of a private passenger type vehicle? - Answer $20.00 per day and max payment of
$600.00
What is the limit of insurance that applies to property in transit in the Business Owners Policy? - Answer
$10,000 for property in transit
the manager of a store places money in a night deposit bag. she walks away from the bag, and when she
returns the money is missing. this is an example of what? - Answer Theft
Would injuries sustained by members of a car pool while riding in the insured's car be covered by
Medical Payments Coverage? - Answer Yes
Can a Commercial auto policy be used to cover a semi-trailer? - Answer yes. (but mobile equipment
would need to be added by endorsement)
A grocery store customer walks into a roped off area and slips and falls, cutting her face on glass. What
type of defense or defenses might apply in this case? - Answer assumption of risk and contributory
negligence on the part of the customer
Supplementary payments do not include - Answer physical damages, nor personal expenses of
employee's. (bail bonds are covered up to $250.00 a day in territory)
What is the basic personal liability limit provided under a homeowner policy? - Answer $100,000. a
hunnid thousand for da crib.
Which of the following vehicles qualifies for towing coverage under the trucker's policy? - Answer
sedan. only private passenger type vehicles qualify for towing coverage under the trucker's policy.
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