Connecticut All-Lines except Workers Comp Adjuster Licensing Course Part (2) (220 Questions and Answers |Guarantee Pass

Connecticut All-Lines except Workers Comp Adjuster Licensing Course Part (2) (220 Questions and Answers |Guarantee Pass Each of the following people would be an insured for auto medical payments coverage under Bob Miller's business auto policy, EXCEPT a. Bob Miller (the named insured), struck by an auto while walking across the street. The auto was not a covered auto. b. Mel Carpenter, Bob's neighbor, occupying a covered auto. c. Frank Thomas, Bob's 17-year-old son, occupying an auto that is not a covered auto. Frank lives with his mother, who is divorced from Bob. d. Mary Thomas, Bob's ex-wife, occupying a covered auto. {{Correct Ans- C; Frank Thomas, Bob's 17-year-old son, occupying an auto that is not a covered auto. Frank lives with his mother, who is divorced from Bob. An "open-ended" release pertains to: a. Any and all releases. b. A release involving an attorney. c. A conditional or partial release. d. A release where expenses have been paid {{Correct Ans- C; A conditional or partial release Which of the following is a violation of the unfair claims practice laws? a. Knowingly misrepresenting to insureds or third-party claimants pertinent facts or policy provisions relating to coverages at issue, or providing misleading information with respect to the coverages b. Failing to acknowledge with reasonable promptness pertinent communications with respect to a claim c. Failing to adopt and implement reasonable standards for the prompt investigation and settlement of claims d. All are violations {{Correct Ans- D; All are violations After an auto collision loss an insurance company may elect to pay the insured's claim and take possession of the vehicle. This practice is referred to as: a. Salvage b. Subrogation c. Warranty d. Deductible {{Correct Ans- A; Salvage Which of the following would NOT be found in the conditions section of an insurance policy? a. Subrogation rights b. Duties of the Insured c. Insurance premium d. Mortgage clause {{Correct Ans- C; Insurance Premium What does the term "bailment" mean? a. Transfer of possession b. Transfer of possession and temporary title c. Transfer of title d. Temporary release from jail {{Correct Ans- A; Transfer of possession Which of the following coverages is included in a personal auto policy without having to issue an endorsement? a. Transportation Expenses b. Towing and Labor Costs c. Misc. Type Vehicles d. Named Nonowner {{Correct Ans- A; Transportation Expenses A fidelity bond is designed to protect the employer against: a. Damage to property on which he is working b. Slander or libel c. Personal injury d. Theft by an employee {{Correct Ans- D; Theft by an employee Which of the following losses would be covered under garagekeeper's legal liability coverage? a. Theft of a customer's AM/FM stereo radio permanently installed. b. Theft of equipment from a covered auto. The theft was committed by a garage employee. c. Faulty work performed by the named insured. d. Loss to CD's from a covered auto. {{Correct Ans- A; Theft of a customer's AM/FM stereo radio permanently installed Bob and Pete's Used Cars has purchased a garage policy with dealers physical damage on the cars owned by the dealership at its location. Pete goes to an auto auction 150 miles away, purchases vehicles and drives them back to the dealership. Which endorsement, if any, is necessary to cover this exposure? a. Drive Other Car Coverage b. Hired auto specified as Covered Autos You Own c. Non Owned Auto Coverage d. Dealers Drive Away Collision {{Correct Ans- D; Dealers Drive Away Collision