Connecticut Casualty Adjuster Test for All Lines Exam Questions and Answers 2024

Connecticut Casualty Adjuster Test for All Lines Exam Questions and Answers 2024

1. Which of the following professional liability policies would also cover bodily injury damages? Architects and Engineers E&O Insurance agents E&O Lawyers E&O Fiduciary Legal Liability: Architects and Engineers E&O 2. 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: independent adjuster specialty adjuster public adjuster staff adjuster: public adjuster 3. Alternative dispute resolutions (ADRs) are procedures to help settle dis- putes using all of the following, EXCEPT: mediation arbitration litigation negotiation: Litigation 4. All of the following are excluded under the Commercial Crime "Inside the Premises - Theft of Money and Securities" insuring agreement, EXCEPT: dishonest acts of customers fire vandalism accounting errors: dishonest acts of customers - fire, vandalism, and accounting errors are specifically excluded in this insuring agreement 5. If the insd, 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: repair any part to restore the pair or set to its value before the loss pay the difference between the ACV of the property before and after the loss pay for the replacement cost of the entire pair or set replace any part to restore the pair or set to its value before the loss: Pay for the replacement cost of the entire pair or set 6. If the Commissioner finds an intentional violation of the privacy regulations regarding the sale or disclosure of personal medical information, the Commis- sioner may impose a penalty of up to for each violation. $2,000 $10,000 $5,000 $2,500: $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