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A customer has consumed contaminated food manufactured by the U-Eat company. It is discovered that the manufacturer failed to properly clean some of the equipment and as a result the food was spoiled. This is an example of: - strict liability This is an example of strict liability and is most com...
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Add to cartA customer has consumed contaminated food manufactured by the U-Eat company. It is discovered that the manufacturer failed to properly clean some of the equipment and as a result the food was spoiled. This is an example of: - strict liability This is an example of strict liability and is most com...
"any act of stealing" is known as _____? - theft A fidelity bond is designed to protect the employer against: - theft by an employee 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? - ...
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Add to cart"any act of stealing" is known as _____? - theft A fidelity bond is designed to protect the employer against: - theft by an employee 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? - ...
A neighbor's child enters Alice's backyard through a broken fence and drowns in her swimming pool. Unable to pay her mortgage, Alice declares bankruptcy before the child's parents sue her. What is true about Alice's coverage under her homeowner's policy? - Alice's insurer must respond to the...
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Add to cartA neighbor's child enters Alice's backyard through a broken fence and drowns in her swimming pool. Unable to pay her mortgage, Alice declares bankruptcy before the child's parents sue her. What is true about Alice's coverage under her homeowner's policy? - Alice's insurer must respond to the...
Which of the following businesses would be eligible for a business owners policy? I. Doughnut shop. II. Wholesale florist. III. Barber shop. IV. Taxidermist. - ALL Each of the following people would be an insured for auto medical payments coverage under Bob Miller's business auto policy, EXCE...
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Add to cartWhich of the following businesses would be eligible for a business owners policy? I. Doughnut shop. II. Wholesale florist. III. Barber shop. IV. Taxidermist. - ALL Each of the following people would be an insured for auto medical payments coverage under Bob Miller's business auto policy, EXCE...
A business adjusting claims in Connecticut without a license is subject to: - A fine of $2,000 and imprisonment for one year, or both. A CT adjuster license expires every two years by which date? - June 30th of every odd year. A requirement for licensing is that the applicant must not have been c...
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Add to cartA business adjusting claims in Connecticut without a license is subject to: - A fine of $2,000 and imprisonment for one year, or both. A CT adjuster license expires every two years by which date? - June 30th of every odd year. A requirement for licensing is that the applicant must not have been c...
A bailment that involves the transfer of property without compensation is known as: - Gratuitous bailment A benefit limit serves as: - An upper bound on how much the insurer will pay for the loss. Generally, the lower the benefit limit the lower the premium. A captive insurance company exists pr...
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Add to cartA bailment that involves the transfer of property without compensation is known as: - Gratuitous bailment A benefit limit serves as: - An upper bound on how much the insurer will pay for the loss. Generally, the lower the benefit limit the lower the premium. A captive insurance company exists pr...
A business adjusting claims in Connecticut without a license is subject to what? - Fine of $2,000 and/or prison for 1 year Any person or corporation violating any provision of the insurance code for which no other penalty is provided will be fined no more than... - $15,000 Code Regulating Agents...
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Add to cartA business adjusting claims in Connecticut without a license is subject to what? - Fine of $2,000 and/or prison for 1 year Any person or corporation violating any provision of the insurance code for which no other penalty is provided will be fined no more than... - $15,000 Code Regulating Agents...
A person has the right to request a correction, amendment or deletion of incorrect information regarding themselves. How long does the insurer have to change the information or refuse to do so? - 30 days ***Note: The person can file a concise statement specifying what they believe the correct inf...
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Add to cartA person has the right to request a correction, amendment or deletion of incorrect information regarding themselves. How long does the insurer have to change the information or refuse to do so? - 30 days ***Note: The person can file a concise statement specifying what they believe the correct inf...
"Adjustment" is another word for what part of the adjusting process? - Settlement A "direct writing" insurance company sells its policies through: A. Employees of the company B. Licensed insurance brokers C. Independent insurance agents D. Exclusive or Captive agents - A. Employees of the c...
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Add to cart"Adjustment" is another word for what part of the adjusting process? - Settlement A "direct writing" insurance company sells its policies through: A. Employees of the company B. Licensed insurance brokers C. Independent insurance agents D. Exclusive or Captive agents - A. Employees of the c...
A binder may be issued for no longer than how many days in the state of Connecticut? - 60 days A Business entity acting as an insurance producer must obtain an insurance producer license, pay the fees and designate a licensed producer responsible for compliance with the laws of the state of CT - ...
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Add to cartA binder may be issued for no longer than how many days in the state of Connecticut? - 60 days A Business entity acting as an insurance producer must obtain an insurance producer license, pay the fees and designate a licensed producer responsible for compliance with the laws of the state of CT - ...
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