Connecticut Casualty Adjuster for All Lines - Series 18-09 Exam Simulator (2) Questions and Answers 100% pass

Connecticut Casualty Adjuster for All Lines - Series 18-09 Exam
Simulator (2) Questions and Answers 100% pass



Payment may be made if which of the following procedures has been executed? - Ans - A Walk-Away
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release.
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The walk-away release indicates the final disposition of the matter and relinquishes the claimant's
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right to sue so payment may be issued. In some states the signing of the payment check indicates a
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walk-away release.
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What type of automobile coverage might a person need if he or she does not own a vehicle?
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Answer Choices: i.




Select the Correct Answer i. i. i.




i. A named non-owner auto policy.
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i. An owned auto policy.
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i. A joint ownership auto policy.
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i. A special drive other car policy. - Ans - A named non-owner auto policy.
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A named non-owner auto policy is designed to provide auto coverage for someone who does not
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own a vehicle but who may need auto coverage when he or she rents a car or borrows a vehicle. It is
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the same as a personal auto policy except it does not list any specific auto.
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, Which coverage does not have a limit of insurance listed in the CGL Declaration page? - Ans -
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Supplementary payments pay in addition to the limits of liability. While some do have their own
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individual limits such as the payment of bail bond premiums, the insurer can spend whatever it
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wants for certain other expenses.
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Which of the following endorsements can be used under the BAP to extend coverage to individuals
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such as the owner of the business who does not carry personal auto insurance? - Ans - Drive other
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car coverage
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The purpose of this endorsement is to provide coverage for the owner of a business that does not
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own an auto. The coverage includes driving a non-owned auto.
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Notification to the insurance department regarding a licensee's change of address or other relevant
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change must be reported within ______ days. - Ans - 30
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Which of the following best describes "no release or walk-away" release? - Ans - The bills are paid
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and no attempt to obtain a separate release is made.
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The bills presented are paid with no attempt to obtain a separate release, although the wording on
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the draft or check may also serve as a form of release. After a certain amount of time has passed with
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no further contact with the claimant, the file is considered closed.
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A settlement in which the claimant receives payment in installments over a period of time instead of
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a lump sum is: - Ans - A Structured Settlement
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A structured settlement is usually reserved for large settlements. Structured settlements may call for
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part of the full amount to be paid as a lump sum.
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