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In the event of death resulting from an accident arising out of and in the course of employment or from an occupational disease, the amount provided for burial expense is: $4,000 $7,500 $10,000 75% of the average weekly earnings of the deceased
$4,000 In the event of death resulting from an accident arising out of and in the course of employment or from an occupational disease, the amount provided for burial expense is $4,000.
Who among the following is exempt from prelicensing education? An applicant for a life license An applicant for a limited license n applicant for a property license An applicant for a casualty license
An applicant for a limited license An applicant for a limited license is exempt from prelicensing education.
The following qualifications are required for an agent or producer license, except: Be at least 21 years of age Complete the prelicensing education requirement Establish financial responsibility Establish that he/she intends to hold himself/herself out in good faith
Be at least 21 years of age An individual must be at least 18 years of age.
For which of the following risks is coverage available under the FAIR Plan? Manufacturing risks Farm risks Auto risks Builders risks
Builders risks Coverage for builders risks is available under the FAIR Plan. However, coverage for auto, farm risks, or manufacturing risks is not available.
Which of the following statements is true regarding examinations by the Commissioner? The Commissioner may not subpoena an insurer's books and records The Commissioner has the option to examine every domestic insurer Every examinee must make available any documents requested for examination The Commissioner must examine insurers annually
Every examinee must make available any documents requested for examination The Commissioner may subpoena an insurer's books and records. The Commissioner must examine every insurer at least once every 5 years.
Which of the following statements is false with regard to employment covered? Firefighters and police officers are covered en route from their home to their place of work and return to their home Labor performed in the course of an employee's duties for an employer is eligible for coverage under Workers' Compensation Dept. of Corrections employees are covered en route from their home to their place of work and return to their home subject to specific conditions Firefighters and police officers are not covered
Firefighters and police officers are not covered Firefighters and police officers are covered en route from their home to their place of work and return to their home.
Which of the following is true with regard to binders? A binder is never valid A binder cannot exceed 60 days A binder cannot exceed 30 days A binder must be made in writing
A binder cannot exceed 60 days A binder is valid and cannot exceed 60 days. A binder may be made orally or in writing.
A person may procure insurance with any insurance company that does not hold a Certificate of Authority if such insurance: Is limited lines insurance Is title insurance Is commercial lines Is with regard to the person's own property or person
A person may procure insurance with any insurance company that does not hold a Certificate of Authority if such insurance is with regard to the person's own property or person.
Which of the following statements is false? Exclusive remedy prohibits the surviving spouse of a deceased employee whose death was caused by the employer's intentional act or omission or gross negligence from recovering damages The right that the injured employee has to benefits under Workers' Compensation due to an injury or death from injury caused by the negligence or wrong of a fellow employee, is the exclusive remedy of the injured employee No action may be brought against a fellow employee unless such wrong was willful or malicious No action may be brought against a fellow employee unless such wrong was based on the fellow employee's negligence
Exclusive remedy prohibits the surviving spouse of a deceased employee whose death was caused by the employer's intentional act or omission or gross negligence from recovering damages Exclusive remedy does not prohibit a surviving spouse of a deceased employee whose death was caused by the employer's intentional act or omission or gross negligence from recovering damages.
Under Endorsement, HO 04 74-76, which of the following is not covered for loss due to fungi? Within walls Within ceilings Beneath floors Goods or products intended for consumption
Goods or products intended for consumption Any fungi that are, are on, or are contained in any goods or products intended for consumption are not included under Section II.
Which of the following would NOT be considered an Occupational Disease? A disease due to causes in excess of the ordinary hazards of employment A disease due to exposure to any radioactive material by an employee in the course of his/her employment Influenza contracted from a fellow employee at work A disease peculiar to the occupation in which the employee was engaged
Influenza contracted from a fellow employee at work Influenza contracted from a fellow employee at work would not fall under 'Occupational Disease'.
What is the minimum amount of notice an insurer must provide to a policyholder in advance of canceling a personal policy for nonpayment of premium? 10 days 15 days 30 days 45 days
10 days An insurer must provide at least 10 days' notice to a policyholder in advance of cancelling a personal policy for nonpayment of premium.
How many credit hours of continuing education must an agent with a life and health or property casualty license complete every renewal period? 24 (with 3 hours in ethics) 18 (with 3 hours in ethics) 24 (with 1 hour in ethics) 12 (with 3 hours in ethics)
24 (with 3 hours in ethics) An agent with a life and health or property casualty license must complete 24 credit hours of continuing education every renewal period with 3 hours in ethics.
A producer must report to the Commissioner any administrative action taken against the producer in another jurisdiction or by another governmental agency no later than: Upon the final disposition of the matter 30 days after the final disposition of the matter 60 days after the final disposition of the matter 90 days after the final disposition of the matter
30 days after the final disposition of the matter A producer must report to the Commissioner any administrative action taken against the producer in another jurisdiction or by another governmental agency no later than 30 days after the final disposition of the matter.
Which of the following statements is NOT correct concerning Certificate of Authority? Certificates of Authority are renewed biennially by May 1 A Certificate of Authority will not be issued to a foreign or alien insurance company A Certificate of Authority is required for insurers transacting business in Connecticut A Certificate of Authority will not be issued or renewed to an insurance company if the amount of its controlled business premiums exceed 10% of its total annual premiums
Certificates of Authority are renewed biennially by May 1 Certificates of Authority are renewed annually by May 1.
The Personal Injury Endorsement, HO 24 79 provides for of the following, except: Excludes personal injury arising out of publication of material whose first publication took place after the beginning of the policy period Excludes personal injury arising out of a criminal act committed by or at the direction of the insured Excludes personal injury caused by or at the direction of the insured with the knowledge that the act would violate the rights of another Excludes personal injury arising out of publication of material, by or at the direction of the insured with knowledge of its falsity
Excludes personal injury arising out of publication of material whose first publication took place after the beginning of the policy period The Personal Injury Endorsement, HO 24 79 excludes personal injury arising out of publication of material whose first publication took place before the beginning of the policy period.
With respect to other crime coverage, the CR 04 03 form provides coverage for loss due to: Money laundering Forgery Extortion Burglary
Extortion The CR 04 03 form provides coverage for loss due to extortion.
Which of the following statements is false with respect to when a notice of information practices must be provided? When a policy is renewed, the notice must be provided within 24 months after the renewal date When an applicant provides information for an application, the notice must be provided no later than at the time of policy delivery When personal information for an insurance application is provided from a source other than the applicant or public records, the notice must be provided at the time the collection of personal information is initiated When a policy is going to be reinstated, the notice must be provided by the time the request for reinstatement is received by the insurer
When a policy is renewed, the notice must be provided within 24 months after the renewal date When a policy is renewed, the notice must be provided by no later than the renewal date.
If appraisal is required under the standard fire policy, the appraisers must be selected within: 10 days 15 days 20 days 30 days
If appraisal is required under the standard fire policy, the appraisers must be selected within 20 days.
Which of the following statements is correct with regard to the FAIR Plan? The FAIR Plan is designed to provide a means to purchase basic property insurance at reduced rates Losses are paid by the state Property must be an uninsurable risk Insurers must be members
Insurers must be members The FAIR Plan is designed to provide a means to purchase basic property insurance when it cannot be obtained through standard or regular markets. Losses are paid by the insurance industry in the private sector; and property must be insurable.
During the 60-day underwriting period, what is the minimum amount of notice an insurer must provide to a policyholder in advance of canceling a professional liability policy? 10 days for other than nonpayment of premium 60 days for other than nonpayment of premium 30 days for nonpayment of premium 90 days for other than nonpayment of premium
90 days for other than nonpayment of premium During the 60-day underwriting period, an insurer must provide at least 90 days' notice to a policyholder in advance of cancelling a professional liability policy.
A time limitation on suits and arbitration claims of less than 3 years from the date on which the principal last performed work under the contract, is applicable to: A Construction Performance Bond A Fidelity or Surety Bond A Construction Payment Bond All other policies
A construction performance bond A time limitation on suits and arbitration claims of less than 3 years from the date on which the principal last performed work under the contract, is applicable to a Construction Performance Bond.
Which of the following types of policies may NOT exclude coverage for losses caused by fire or other perils resulting from acts of terrorism? Standard homeowner's policy A master policy purchased by a restaurant chain A master policy purchased by a condominium association A master policy purchased by a chain of clothing stores
A master policy purchased by a condominium association A master policy purchased by a condominium association may not exclude coverage for losses caused by fire or other perils resulting from acts of terrorism until the Terrorism Risk Insurance Act (with extensions) expires. Other commercial risk policies may exclude losses due to terrorism.
With respect to a reduction in Uninsured/Underinsured Motorist Coverage, which of the following is NOT correct? A named insured may request limits for bodily injury and death that are less than the minimum limits allowed No request for a lesser amount is effective unless the named insured has signed an informed consent form An automobile liability policy must provide uninsured/underinsured motorist coverage with limits for bodily injury and death equal to those to protect against loss resulting from the liability imposed by law The named insured will have a reduced premium
A named insured may request limits for bodily injury and death that are less than the minimum limits allowed A named insured is not permitted to request limits for bodily injury and death that are less than the minimum limits allowed.
All of the following are true regarding a nonresident license, except: A nonresident will be exempt from prelicense and examination requirements, if the licensee holds a license for the same line or lines of insurance in his/her home state A nonresident licensee may be authorized for any line of insurance for which the licensee is not authorized in his/her home state A person residing in another state may be licensed as a nonresident producer if the person is currently licensed in his/her home state If a nonresident does not hold an equivalent license in any other state, they must satisfy prelicensing course and examination requirements, and continuing education requirements
A nonresident licensee may be authorized for any line of insurance for which the licensee is not authorized in his/her home state A nonresident licensee may only be authorized for the line(s) of insurance for which the licensee is authorized in his/her home state.
Which of the following is correct regarding prelicensing requirements? A producer applicant must complete 80 hours of prelicensing education for Accident and Health A producer applicant must complete 80 hours of prelicensing education for Life, Accident and Health A producer applicant must complete 80 hours of prelicensing education for Variable Life/Variable Annuities A producer applicant must complete 40 hours of prelicensing education for Property and Casualty
A producer applicant must complete 80 hours of prelicensing education for Life, Accident and Health A producer applicant must complete 40 hours of prelicensing education for Accident and Health and Variable Life/Variable Annuities. A producer applicant must complete 80 hours of prelicensing education for Life, Accident and Health and Property and Casualty.
Which of the following is correct regarding a temporary license? The duration of a temporary license may not exceed 90 days A temporary license may be issued for up to 12 months after successfully completing the licensing examination A temporary license may not be issued to an employee of a business entity A temporary license may be issued to the surviving spouse of a disabled or deceased producer
A temporary license may be issued to the surviving spouse of a disabled or deceased producer The duration may be for up to 180 days without an examination, and a temporary license may be issued to an employee of a business entity.
With regard to the FAIR Plan, which of the following is false concerning agents? An agent may not charge any other fees, directly or indirectly, for application forms or technical assistance An application must be signed by both the applicant and the producer Agents have binding authority Agents may handle applications and assist applicants providing the applicant has tried to secure coverage with a standard insurer and certifies that he/she was unable to obtain such coverage
Agents have binding authority Agents do not have binding authority under the FAIR Plan.
Payments from the Second Injury Fund are made when: An insurer becomes insolvent An employee sustains an injury due to the negligence of a fellow employee An employer becomes insolvent An employee who has suffered a previous disability suffers from a second injury, or dies due to the second injury
An employee who has suffered a previous disability suffers from a second injury, or dies due to the second injury Payments from the Second Injury Fund are made when an employee who has suffered a previous disability suffers from a second injury, or dies due to the second injury.
Which of the following statements is false with respect to license renewals? The commissioner will notify the producer of the expiration date no later than 30 days before the license expires A producer's license issued by the commissioner, except a temporary producer's license, continues in force until cancelled, suspended or revoked An insurer appointment is not required for a producer license to continue in force Producer licenses expire every 2 years (biennially) on the producer's birth date
An insurer appointment is not required for a producer license to continue in force An insurer appointment is required for a producer license to continue in force. An insurer must provide the commissioner the names of its appointed agents prior to May 1st, biennially.
Which of the following statements is true concerning the availability of insurance on real property? An insurer may not discriminate on risks in this state for loss for damage to personal property in which a person has an insurable interest An insurer may cancel insurance for reasons that apply to all persons of the same marital status, sex, race, color, religion, or national origin An insurer may not discriminate on risks in this state for loss of or damage to real property used mainly for residential purposes An insurer may not discriminate on risks in this state concerning the legal liability of a person for loss of property or injury to a person
An insurer may cancel insurance for reasons that apply to all persons of the same marital status, sex, race, color, religion, or national origin An insurer may cancel insurance for reasons that apply to all persons of the same marital status, sex, race, color, religion, or national origin.
Which of the following statements is NOT correct concerning commissions? An insurer or producer may not assign commissions A licensed producer may share commissions with any other licensed producer if the producer holds the license to transact that line of insurance A person violating laws concerning payment of commissions may subject to a fine of up to $2,500 An insurer or producer may pay commissions (other than as prohibited) to an insurance agency or to persons who do not sell, solicit, or negotiate insurance
An insurer or producer may not assign commissions An insurer or producer may pay or assign commissions, service fees, brokerages or other valuable consideration, unless the payment would violate state statutes.
Which of the following are part of the legal responsibility of maintaining an insurance license? An producer must inform the Commissioner of any change in name or address within 10 days An producer must inform the Commissioner of any change in name or address within 30 days An producer must inform the Commissioner of any change in name or address within 60 days An agent must inform the Commissioner of any change in name or address within 90 days
An producer must inform the Commissioner of any change in name or address within 30 days An agent is required notify the Commissioner within 30 days of a change in name or address.
What is the cancellation notice requirement if an insurer is cancelling an auto policy for other than nonpayment of premium or material misrepresentation? At least 10 days' written notice of cancellation At least 15 days' written notice of cancellation At least 30 days' written notice of cancellation At least 45 days' written notice of cancellation
At least 45 days' written notice of cancellation When an insurer cancels an auto policy for other than nonpayment of premium or material misrepresentation, the insurer must provide at least 45 days' written notice of cancellation.
What is the notice requirement if an insurer is not renewing an auto policy? At least 15 days At least 30 days At least 60 days At least 45 days
At least 60 days When an insurer is not renewing an auto policy, the insurer must provide at least 60 days' written notice.
When an insured pays a premium to a producer on a policy sold by the producer, the premium is: Considered to be paid to the producer Considered to be paid to the insurer Considered to be unpaid Considered to be in arrears
Considered to be paid to the insurer When an insured pays a premium to a producer on a policy sold by the producer, the premium is considered to be paid to the insurer.
Which of the following statements is false with respect to the Businessowners Policy? Fungi, Wet Rot or Dry Rot; Virus or Bacteria; Electrical Apparatus, Consequential losses, steam apparatus, frozen plumbing, dishonesty, pollution, and neglect are excluded Covered property includes animals owned other than as stock The limit of insurance for Business Personal Property is changed to 8% Contractor businesses with total square footage of up to 35,000 is eligible
Covered property includes animals owned other than as stock Animals owned other than as stock are excluded.
Which of the following statements is true with respect to Uninsured/Underinsured Motorist Coverage? Every motor vehicle policy must offer optional uninsured/underinsured motorist coverage Insurers must offer uninsured/underinsured motorist coverage with limits twice those of the bodily injury coverage of the policy Insurers must offer uninsured/underinsured motorist coverage with limits twice those of the physical damage coverage of the policy Bodily injury is excluded
Insurers must offer uninsured/underinsured motorist coverage with limits twice those of the bodily injury coverage of the policy Every motor vehicle policy is required to include uninsured motorist coverage. Insurers must offer uninsured/underinsured motorist coverage with limits twice those of the bodily injury coverage of the policy.
Which of the following statements is true with respect to Uninsured/Underinsured Motorist Coverage? Every motor vehicle policy must offer optional uninsured/underinsured motorist coverage Insurers must offer uninsured/underinsured motorist coverage with limits twice those of the bodily injury coverage of the policy Insurers must offer uninsured/underinsured motorist coverage with limits twice those of the physical damage coverage of the policy Bodily injury is excluded
Insurers must offer uninsured/underinsured motorist coverage with limits twice those of the bodily injury coverage of the policy Every motor vehicle policy is required to include uninsured motorist coverage. Insurers must offer uninsured/underinsured motorist coverage with limits twice those of the bodily injury coverage of the policy.
With regard to the Dwelling Endorsement, DP 01 06, which of the following statements is false? Losses are payable within 30 days of receipt of proof of loss Cancellation, Renewal and Nonrenewal provisions are amended to conform to Connecticut law Civil union partners are added to the definition of 'the insured' Losses are payable within 10 days of receipt of proof of loss
Losses are payable within 10 days of receipt of proof of loss Under DP 01 06, losses are payable within 30 days of receipt of proof of loss.
Which of the following correctly describes the practice of Twisting? Offering anything of value to a client that is not already a part of the policy, as an incentive to purchase insurance Misleading and convincing an insured to surrender, lapse or exchange an existing policy for a different one, to the insured's detriment Entering into any agreement to commit an act of boycott, coercion, or intimidation resulting in an unreasonable restraint of the business of insurance Representing to the applicant that a specific coverage or product is required by law in conjunction with the purchase of insurance when such coverage or product is not required
Misleading and convincing an insured to surrender, lapse or exchange an existing policy for a different one, to the insured's detriment (Offering anything of value to a client that is not already a part of the policy, as an incentive to purchase insurance) describes Rebating. (Entering into any agreement to commit an act of boycott, coercion, or intimidation resulting in an unreasonable restraint of the business of insurance) describes Boycott, Coercion, and Intimidation.
With regard to aftermarket parts regulation, which of the following statements is false? Replacement parts to be used that are not manufactured by the original manufacturer may not be used Replacement parts to be used that are not manufactured by the original manufacturer must clearly identified by the insurer Any violation of this regulation is an unfair or deceptive practice A written estimate must identify each aftermarket part
Replacement parts to be used that are not manufactured by the original manufacturer may not be used Replacement parts to be used that are not manufactured by the original manufacturer may be used, provided they are clearly identified by the insurer.
Which of the following statements is true with respect to penalties? The Commissioner may issue a fine up to $5,000 and/or up to 6 months in jail for negotiating, continuing, or renewing any insurance contract with an unauthorized company The Commissioner may issue a fine up to $500 and/or up to 6 months in jail for being found guilty of twisting The Commissioner may impose a monetary penalty in addition to, or in lieu of suspension or revocation of license The Commissioner may issue a fine up to $4,000 and/or up to 6 months in jail for willful misrepresentation on a license application
The Commissioner may impose a monetary penalty in addition to, or in lieu of suspension or revocation of license The Commissioner may issue a fine up to $4,000 and/or up to 6 months in jail for negotiating, continuing, or renewing any insurance contract with an unauthorized company. The Commissioner may issue a fine up to $5,000 and/or up to 30 days in jail for being found guilty of twisting. The Commissioner may issue a fine up to $500 and/or up to 6 months in jail for willful misrepresentation on a license application.
Which of the following statements is false regarding hearings? Failure to comply with the Commissioner's requirements concerning a hearing allows the Commissioner to petition a superior court to issue an order for compliance The Commissioner may revoke or suspend a license without an opportunity for a hearing The Commissioner may conduct investigations and hearings Refusal of an order for compliance will result in contempt of court charges
The Commissioner may revoke or suspend a license without an opportunity for a hearing The Commissioner may not revoke or suspend a license or impose a fine without prior notice and an opportunity for a hearing.
Which of the following statements is NOT correct concerning Endorsement, PP 01 54? Cancellation, Renewal and Nonrenewal provisions are amended to conform to Connecticut law 'Minimum limits' are defined as per Connecticut law The Right to Recover Payment provision applies to Medical Payments The policy will pay up to $100 for the cost of all bail bonds required because of an accident or traffic law violation
The Right to Recover Payment provision applies to Medical Payments The Right to Recover Payment provision does not apply to Medical Payments.
Which of the following is true with regard to the Home Business Endorsement HO 07 05? The definition of 'employee' is changed to not include a 'leased worker' Property of others that is in the insured's care is excluded The definition of 'employee' is changed to include a 'temporary worker' Insurers may examine and audit an insured's records relating to this coverage for up to 3 years after a policy period expires
The definition of 'employee' is changed to not include a 'leased worker' The definition of 'employee' is changed to include a 'leased worker', but not a 'temporary worker'. Property of others that is in the insured's care is covered. Leased personal property for which the insured has a contractual responsibility to insure is covered.
Which of the following is NOT allowed regarding the disclosure of personal information? The disclosure is made to a law enforcement or other government authority The disclosure is made to a medical-care institution or medical professional The disclosure is made to a marketing organization The disclosure is made to an insurance regulatory authority
The disclosure is made to a marketing organization A disclosure of personal information is not allowed for marketing purposes.
Which of the following statements is true regarding coverage under the Connecticut Changes Endorsement, CA 01 07? First aid expenses are not covered All bail bonds required because of an accident or traffic law violation are not covered The policy will pay up to $250 for the cost of all bail bonds required because of an accident or traffic law violation The policy will pay up to $250 for the cost of all first aid expenses
The policy will pay up to $250 for the cost of all bail bonds required because of an accident or traffic law violation The policy will pay up to $250 for the cost of all bail bonds required because of an accident or traffic law violation and all first aid expenses are covered.
