Connecticut adjuster - Study guides, Class notes & Summaries

Payment may be made if which of the following procedures has been executed?A Walk-Away release. The walk-away release indicates the final disposition of the matter and relinquishes the claimant's right to sue so payment may be issued. In some states the signing of the payment check indicates a walk-away release. What type of automobile coverage might a person need if he or she does not own a vehicle? Answer Choices: Select the Correct Answer A named non-owner auto policy. An ...

Connecticut State Insurance Laws Exam Questions and Answers Licensing - Resident Producer - Correct Answer ️️ -18 Years old Min Age Financially responsible ; Good moral character 80 HRS required for P&C and Life / Accident & Health of pre licensing study Must pass written exam in lines of business seeking license Biennial CE Requirememt 24 Hours All licenses expire on January 31st 40 Hrs for other lines Non Resident Producer - Correct Answer ️️ -Can be exempt from pre licensing ...

Connecticut Casualty Adjuster for All Lines (+220 Questions And Answers |100% Pass Which of the following professional liability policies would also cover bodily injury damages? o Architects and Engineers E&O o Insurance agents E&O o Lawyers E&O o Fiduciary Legal Liability {{Correct Ans- Architects and Engineers E&O A person, firm, or corporation that, for compensation, acts on behalf of an insured in negotiating the settlement of certain claims for loss or damage to property is kno...

Connecticut State Insurance Laws Verified Answers Licensing - Resident Producer 18 Years old Min Age Financially responsible ; Good moral character 80 HRS required for P&C and Life / Accident & Health of pre licensing study Must pass written exam in lines of business seeking license Biennial CE Requirememt 24 Hours All licenses expire on January 31st 40 Hrs for other lines Non Resident Producer Can be exempt from pre licensing study or exam requirements if holder of valid ...

Trespasser Enters owners property without consent Licensee has owners implicit permission to be on property Invitee Has owners explicit permission to be on property. Permitted Incidental Occupancies Endorsement HO 04 42 Covers incidental types of business conducted on residence premises Punitive Damages Amount required to pay as punishment for committing a civil wrong in a deliberate manner. Breach of Duty of Care If duty of care established must figure out if it's been breached....

Casualty Adjuster Any person, legal entity, or business that investigates claims and negotiates settlements -Connecitcut does not require licensing for anyone adjusting fire, life or accident/health; property damage exceeding $1,500; or anyone engaged in the general practice of law Impersonation A monetary fine for this act is *no more than $4000*, prison up to *6 months*, or both License Fee $80 plus a $50 filing fee Term of License Expire on *June 30th* of every *odd* number year ...

An insurance company that is authorized to conduct business in a particular state: Admitted insurer. In CT if a notice of hearing is sent out by the commissioner it must: List the charges/accusations against the licensee and will be held in not less than 30 days. If the CT commissioner want to investigate/examine the books and records of an insurer or licensee he can do so: Anytime. An insurer who has not been issued a certificate of authority and cannot operate in CT is known as: Non-a...

Connecticut Casualty Adjuster for All Lines - Series 18-09 Exam Simulator (1) Questions and Answers 100% Pass If a person intends to satisfy the automobile financial responsibility law by purchasing insurance, what are the minimum limits required in Connecticut? {{Correct Ans- $20,000/$40,000/$10,000. The law requires that limits in the amount of $20,000 bodily injury to one person in one accident/$40,000 bodily injury to two or more people in one accident and $10,000 property damage. If ...

Tortfeasorwrongdoer riskchance of loss what is a hazarda hazard is a condition that increases the likely occurrence of a peril or the likely severity of a loss what is a perilperil is the destructive event that insurance guards against what is the assumption of riskI will pay for it if it goes wrong tort liabilitythe tortfeasor who is found to be liable or responsible for a person's injuries will likely be required to pay damages open perilcoverages of all losses EXCEPT exclusi...

Connecticut Casualty Adjuster for All Lines - Series 18-09 Exam Simulator (2) Questions and Answers 100% pass Payment may be made if which of the following procedures has been executed? {{Correct Ans- A Walk-Away release. The walk-away release indicates the final disposition of the matter and relinquishes the claimant's right to sue so payment may be issued. In some states the signing of the payment check indicates a walk-away release. What type of automobile coverage might a person need...