Questions and Verified Answers, 100%
Guarantee Pass (Latest 2025)
Relinquishing of property and letting go of all legal rights with
the intent to claim a total loss. - Correct Answers
✅Abandonment
A property policy provision that stipulates that the insurer
need not accept any damaged property that the insured
chooses to relinquish. - Correct Answers ✅Abandonment
Clause
The performance of an act so dangerous as to be sufficient to
trigger liability regardless of the degree of negligence. -
Correct Answers ✅Absolute Liability
An unforeseen, unintended, and unexpected event, which
occurs suddenly and at a definite place. - Correct Answers
✅Accident
Pays for the cost of reconstructing accounts receivable
records that have been damaged or destroyed by a covered
peril. - Correct Answers ✅Accounts Receivable Insurance
A demand by a third party in a subrogation action suing for
damages from the employer. (Worker's Compensation) -
Correct Answers ✅Action Over Claim
, CT All-Lines Adjuster Licensing Exam
Questions and Verified Answers, 100%
Guarantee Pass (Latest 2025)
Placing value on a property as of the time of its loss or
damage. - Correct Answers ✅Actual Cash Value (ACV)
Provides payment for extra expenses made necessary by the
insured's inability to reside in the insured dwelling because of
a cover loss. - Correct Answers ✅Additional Living Expense
Insurance
Standardized set of agreements offered by one party to
another on a take it or leave it basis. - Correct Answers
✅Adhesion Contract
Courts of law that deal with matters pertaining to the sea. -
Correct Answers ✅Admiralty Courts
An insurance company that is licensed to conduct business
within a given state. - Correct Answers ✅Admitted
Company
Claim arising out of slander, libel, copyright infringement, or
misappropriation of advertising ideas. - Correct Answers
✅Advertising Injury
Maximum amount an insurer will pay under a policy in any
one policy period. - Correct Answers ✅Aggregate Limit