CT Casualty Adjuster-ALL LINES Final Questions and Answers 100% Pass

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CT Casualty Adjuster-ALL LINES Final Questions and Answers 100% Pass What must be on the final draft when a payment is issued? {{Correct Ans- The type of coverage the payment is coming from Which ... of the following is not true regarding the CT Insurance Guaranty Association? {{Correct Ans- 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? {{Correct Ans- 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. {{Correct Ans- 30 days. 1 month. Under the Business Owners Policy, which of the following is not automatic coverage? {{Correct Ans- hired and non-owned automobile coverage is NOT automatic coverage in a BOP Under motor coverage act, how long are the goods covered? {{Correct Ans- until they are unloaded and placed in a designated place. What is excluded in a Business Auto Policy? {{Correct Ans- 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? {{Correct Ans- 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? {{Correct Ans- 5 years. "any act of stealing" is known as _____? {{Correct Ans- theft An "open-ended" release pertains to: {{Correct Ans- 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) [Show More]

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