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Connecticut Adjuster Exam questions fully solved & updated 2025
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Connecticut Adjuster Exam questions fully solved & updated 2025
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Connecticut Adjuster Examquestions fully solved &
updated 2025
When does the Connecticut adjuster license expire? - answer Every
two years on June 30th (of odd years) Renews on July 1.
What is the penalty for impersonating someone to take an exam? -
answer $4,000 and up to 6 months in jail.
What does the CT Insurance Information and Privacy Protection Act
deal with? - answer Disclosure or sale of personal information.
What regulates the Insurance industry? - answer Laws and the
Department of Insurance investigations and inquiries.
Business penalty?
Adjuster penalty? - answer Business that adjust claims in CT
without a license could be fined.
Adjusters who adjust claims in CT without a license can be fined or
jailed.
Penalty for misrepresentation or concealment of info regarding the
policy? - answer Fined up to $15,000
What is a representation? - answer A statement made about
yourself that your insurance application/binder is then made on the
premise of.
, What is misrepresentation? - answer Making false statements
about yourself, typically on the insurance application.
What is concealment? - answer Withholding material facts (can be
done by the insured OR insurer)
What is Insurance? - answer Insurance transfers the risk of loss
from an individual or business entity to an insurance company,
where the insurer agrees to pay for specified losses in return for
premium dollars.
What is a Binder? - answer Temporary evidence of coverage (based
on the insured representation of themselves.)
When does an insurance policy become active? - answer 12:01am
on the effective date.
What is a fiduciary? - answer Person or organization holding the
funds or property of another in position of trust.
What is needed to insure a vehicle? - answer A person or company
needs an insurable interest.
What is the duty of the Commissioner of Insurance? - answer See
that the insurance laws are executed and the public interest is
protected.
What is an Assigned Risk Plan? - answer Pools similar risk groups
and says a company must take on a percentage of high risk (bad
driver) policies.
Types of Insurance Companies? - answer -Stock companies
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