CT ALL LINES ADJUSTER EXAM QUESTIONS WITH CORRECT ANSWERS

Tortfeasorwrongdoer riskchance of loss what is a hazarda hazard is a condition that increases the likely occurrence of a peril or the likely severity of a loss what is a perilperil is the destructive event that insurance guards against what is the assumption of riskI will pay for it if it goes wrong tort liabilitythe tortfeasor who is found to be liable or responsible for a person's injuries will likely be required to pay damages open perilcoverages of all losses EXCEPT exclusions named perilcoverage of a NAMED perils and nothing else a non owned dog is in the neighborhood and bites a neighbor, based on the homeowners insurance policy would they be covered?yes, because is it in their custody, treated like child below the age of 13 what is a suit?a lawsuit, filing a complaint what does farmers insurance include?FIRE LIABILITY What happens when an individual is acting as a casualty claim adjuster? What repercussions will be taken?If the Commissioner determines from the hearing that the person has engaged in the alleged violations, the Commissioner can issue the cease-and-desist order. The Commissioner may also - Impose a fine of up to $5,000 for each violation, up to a total of $50,000 for all violations; - Impose a fine of $25,000 for each violation, up to a total of $250,000 in a six-month period, if the person committed the violation willfully or should have known that the act was a violation; - Suspend or revoke the person's license if the person knew or should have known that the act was a violation; and - Order the person to pay back any money that the person wrongfully acquired. If an owner has a sailing vessel of 26 ft with 50 horsepower, based on the homeowners insurance policy, will it be covered or will they need a separate coverage?● stored ● a sailing vessel under 26 feet in length; or 26 feet or longer and not owned by or rented to an insured ● not a sailing vessel and is powered by smaller engines based on the type of motor and subject to various restrictions