Connecticut Casualty Adjuster for All Lines (+220 Questions And Answers |100% Pass

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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 known as a/an: o independent adjuster o specialty adjuster o public adjuster o staff adjuster {{Correct Ans- public adjuster Alternative dispute resolutions (ADRs) are procedures to help settle disputes using all of the following, EXCEPT: o mediation o arbitration o litigation o negotiation {{Correct Ans- Litigation All of the following are excluded under the Commercial Crime "Inside the Premises - Theft of Money and Securities" insuring agreement, EXCEPT: o dishonest acts of customers o fire o vandalism o accounting errors {{Correct Ans- dishonest acts of customers - fire, vandalism, and accounting errors are specifically excluded in this insuring agreement If the inside, covered under a Homeowners policy, suffers the loss of an article that is part of a pair or set. All of the following are options for the insurer to settle the loss, EXCEPT: o repair any part to restore the pair or set to its value before the loss o pay the difference between the ACV of the property before and after the loss o pay for the replacement cost of the entire pair or set o replace any part to restore the pair or set to its value before the loss {{Correct Ans- Pay for the replacement cost of the entire pair or set If the Commissioner finds an intentional violation of the privacy regulations regarding the sale or disclosure of personal medical information, the Commissioner may impose a penalty of up to _____ for each violation. o $2,000 o $10,000 o $5,000 o $2,500 {{Correct Ans- $5,000 - If the Commissioner finds that a person intentionally violated the privacy laws, a penalty of $5,000 for each violation may be imposed, but not to exceed $50,000 in aggregate. If the Commissioner finds that there has been a violation of the prohibitions against the sale or disclosure of identifiable medical record info, the Commissioner may impose a penalty of up to $20,000 for each violation, but not to exceed $100,000 in the aggregate for multiple violations The insured is covered under an HO-6 form. The Coverage A limit is $500,000. The insured also owns a separate three-car garage adjacent to the condominium building worth $100,000. Which of the following statements is true regarding coverage for the garage? o The garage is not covered under the HO-6 form o The garage is covered under Coverage B - Other Structures o The garage is covered for 10% of the $500,000 limit as an additional amount of insurance o The garage is covered as part of the $500,000 Coverage A limit {{Correct Ans- The garage is covered as part of the $500,000 Coverage A limit. Under an HO-6 form, structures owned solely by the insured, other than the residence premises, but located at the residence premises, are covered as part of Coverage A. The garage is part of the Coverage A limit chosen by the insured. Insurance binders in Connecticut are valid for _____ days. o 120 o 90 o 60 o 45 {{Correct Ans- 60 [Show More]

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