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All of the following are additional liability coverages automatically provided in a homeowners policy EXCEPT A) personal injury B) claims expenses C) damage to the property of others D) loss assessment coverage

A) personal injury

Applicants for a license must furnish satisfactory evidence of all of the following to the commissioner EXCEPT A) State residency B) Good moral character C) Financial responsibility D) Trustworthiness and competence

A) State residency

If a producer is suspected of violating the Insurance Code, who would conduct the legal hearing? A) The Commissioner B) The state court system C) The county's court system D) The state police

A) The Commissioner

What is the name of the act that requires insurers to inform applicants when they will be asking for personal information outside of public sources? A) The Insurance Information and Privacy Act B) The Connecticut Information Protection Act C) The Security of Information Act D) The Insurance Underwriting Regulation Act

A) The Insurance Information and Privacy Act

a builder's risk form is most often written as which of the following? A) completed value form B) scheduled form C) reporting form D) specific value form

A) completed value form

All of the following violations may result in an agent's imprisonment EXCEPT A) failing to report to the department a criminal prosecution taken against the agent in another jurisdiction B) embezzling funds from the insurer C) knowingly obtaining information about a consumer under false pretenses D) engaging in the business of insurance after being convicted of breach of trust

A) failing to report to the department a criminal prosecution taken against the agent in another jurisdiction

If an employer in a state with elective workers compensation laws chooses not be to subject to those laws, what does the employer lose? A) its common law defenses against liability suits B) its ability to provide group health insurance C) its right to hire persons with disabilities D) its eligibility for workers compensation insurance

A) its common law defenses against liability suits

When the condominium association coverage form and the condominium commercial unit owners form both cover the same loss, A) the association coverage form will be considered primary and pay the loss B) the unit owners coverage form will be considered primary and pay the loss C) each coverage form will pay a pro rata share D) neither will pay

A) the association coverage form will be considered primary and pay the loss

What is the maximum penalty for habitual willful noncompliance with the Fair Credit Reporting Act? A) revocation of license B) $2,500 C) $1,000 D) $100 per violation

B) $2,500

If an insured has an umbrella liability policy in addition to his personal auto policy, which would be considered the underlying policy? A) General liability policy B) Auto policy C) Umbrella policy D) Excess policy

B) Auto policy

A commercial package policy (CPP) allows the insured to select the coverage needed and customize the policy to meet the needs of the insured's business. In a CPP, the business owner may select from all of the following types of coverage EXCEPT A) General liability coverage B) Workers compensation coverage C) Crime coverage D) Boiler and machinery coverage

B) Workers compensation coverage

An insured owns and operates a ranch. The insured has several vehicles that are used in the ranching operation and for personal use. Which of the following could NOT be insured under a personal auto policy? A) a station wagon that is used personally B) a two-ton grain truck with a 6,500-pound capacity C) a two-wheeled trailer designed to be towed by the station wagon D) a farm pickup with 1,000-pound capacity

B) a two-ton grain truck with a 6,500-pound capacity

A Canadian insurer would like to do business in Connecticut. What must the insurer first obtain? A) insurer appointment B) certificate of authority C) nonresident business entity license D) alien insurer license

B) certificate of authority

All of the following are classes of inland marine risks EXCEPT A) bridges, tunnels, and other instrumentalities of transportation and communication B) common carrier cargo liability C) commercial property floater risks D) domestic shipments and transportation risks

B) common carrier cargo liability

the extra expense coverage form provides A) payment for unforeseen expenses an insured may incur while the business is shut down following a property damage loss B) coverage that will permit the insured to continue in business without interruption following a property damage loss C) extra money for an insured whose accounts receivable records have been damaged D) additional money to pay for property damage losses at a covered location

B) coverage that will permit the insured to continue in business without interruption following a property damage loss

All of the following are optional coverages that may be attached to an HO-3 policy EXCEPT A) personal property replacement cost B) dwelling replacement cost C) home day care coverage D) earthquake coverage

B) dwelling replacement cost

Replacement cost is defined as A) payment of the full policy limits in the event of a total loss B) full replacement of property at its current cost, new and without reduction for depreciation C) the market value of property of like kind and quality D) full replacement of property with like kind and quality, less an allowance for physical deterioration and depreciation

B) full replacement of property at its current cost, new and without reduction for depreciation

On its advertisement, a company claims that it has funds in its possession that are, in fact, not available for the payment of losses or claims. The company is guilty of A) rebating B) misrepresentation C) concealment D) unfair claim practice

B) misrepresentation

when an insurer cancels an auto policy for an allowable reason, they must give notice to the named insured of possible eligibility for coverage in the assigned risk plan, unless the reason for cancellation is A) driving record B) nonpayment of premium C) fraudulent claim D) misrepresentation on the application

B) nonpayment of premium

A second injury fund pays A) some or all of the benefits arising because of a second job related injury only if in the same type employment B) the cost of any additional benefits for aggravation of any prior condition or injury C) some or all of the benefits arising because of a second job-related injury D) the cost of any additional benefits for aggravation of a prior condition or injury with the same employer

B) the cost of any additional benefits for aggravation of any prior condition or injury

With respect to commercial auto policies, the garage coverage form provides liability protection for all of the following EXCEPT A) the insured's business autos B) the insured's business products and work performed C) the insured's business income losses due to personal injury D) the insured's business premises

B) the insured's business products and work performed

If a consumer requests additional information concerning an investigative consumer report, how long does the insurer or reporting agency have to comply? A) 10 days B) 3 days C) 5 days D) 7 days

C) 5 days

the employee theft crime policy includes a coverage extension that applies to employees temporarily outside the coverage territory for up to A) 30 days B) 60 days C) 90 days D) 120 days

C) 90 days

According to the Fair Credit Reporting Act, all of the following would be considered negative information about a consumer EXCEPT A) late payments B) failure to pay off a loan C) disputes regarding consumer report information D) tax delinquencies

C) disputes regarding consumer report information

Which of the following would be covered under the crime coverage inside the premises - theft of money and securities? A) dishonest acts of employees, directors, trustees or representatives B) accounting or arithmetic errors or omissions C) loss or damage to a locked safe, vault, or cash register D) loss resulting from the surrendering of property in any exchange or purchase

C) loss or damage to a locked safe, vault, or cash register

What is a definition of a unilateral contract? A) one author: the company wrote the contract; the insured must accept it as written B) if one party makes a condition, the other party can counteroffer C) one-sided: only one party makes an enforceable promise D) two or more parties go into a contract understanding there may be an unequal exchange of value

C) one-sided: only one party makes an enforceable promise

What insurance policy provision defines how the policy will respond if there is more than one insurance policy written on the same risk? A) nonconcurrency B) primary and excess C) other insurance D) valid insurance

C) other insurance

All of the following are parts of a personal auto policy EXCEPT A) duties after an accident or loss B) liability coverage C) physical damage coverage D) medical payments coverage

C) physical damage coverage

Under the personal auto policy, liability for bodily injury resulting from the insured's use of a nonowned automobile is A) shared on a pro rata basis B) provided by the insured's policy on a primary basis C) provided by the insured's policy on an excess basis D) not covered

C) provided by the insured's policy on an excess basis

what type of information would be found in a policy's insuring agreement? A) policy limits B) insurer's address C) renewal dates D) location of premises

C) renewal dates

Which common policy condition prohibits the insured from changing the rights or duties as defined under the policy to any other person or entity without the written consent of the insurance company? A) reassignment and modification B) changes C) transfer of rights and duties under the policy D) subrogation

C) transfer of rights and duties under the policy

A commercial auto coverage form that is designed for insureds engaged in the business of transporting goods for others is a A) garagekeepers coverage form B) cargo carriers coverage form C) truckers coverage form D) commercial carrier coverage form

C) truckers coverage form

Extended nonowned coverage endorsement in a PAP broadens which of the following coverages? A) Transportation expenses B) Uninsured motorists C) Physical damage D) Liability and medical payments

D) Liability and medical payments

A municipality can protect itself against the construction or repair of properties that do not conform to the building codes established by ordinance by requiring the contractors to obtain A) Fidelity bonds B) Performance bonds C) Bid bonds D) License and permit bonds

D) License and permit bonds

The Business Pursuits endorsement under Section II of a homeowners policy will cover all of the following EXCEPT A) Insured's activities B) bodily injury to the insured C) all business pursuits D) business liability

D) business liability

Farm fences (except field and pasture fences) are covered by which farm coverage form? A) coverage A B) coverage B C) coverage E D) coverage G

D) coverage G

the major portion of the premium for an equipment breakdown policy pays A) for repairs after a loss B) for coverage for bodily injury and property damage of others C) for replacement parts D) for inspections and examinations

D) for inspections and examinations

Under which of the following conditions can broad theft coverage be added to a dwelling policy? A) if permission is granted by the department of insurance B) broad theft coverage cannot be added to a dwelling policy C) if the policy has been in effect for 60 days D) if the insured is owner-occupant of the dwelling

D) if the insured is owner-occupant of the dwelling

Which authority is NOT stated in an agent's contract but is required for the agent to conduct business? A) apparent B) assumed C) express D) implied

D) implied

which of the following liability coverages must be added by endorsement to a homeowners policy in order to apply? A) bodily injury B) property damage liability C) medical payments to others D) personal injury

D) personal injury

If a person is using an auto with the belief that he is entitled to do so, subrogation rights under a personal auto policy would apply to all coverages EXCEPT A) uninsured motorist B) no-fault medical payments C) liability D) physical damage

D) physical damage

All of the following statements regarding a boatowners policy are true EXCEPT A) watercraft liability protects up to specified limits for claims against a "covered person" for damages due to bodily injury caused by a watercraft B) physical damage coverage is provided on an actual cash value (ACV) basis C) perils are insured on an open-peril basis, providing that the insurer will pay for direct and accidental loss to the property insured D) replacements for the boat listed in the Declarations are automatically covered, if the insured notifies the insurer within 60 days and pays the additional premium

D) replacements for the boat listed in the Declarations are automatically covered, if the insured notifies the insurer within 60 days and pays the additional premium

The most the insurer will pay for a loss under a businessowners policy is A) the amount of the loss minus the deductible B) 80% of the loss C) 20% of the loss D) the limit of insurance after the deductible is paid

D) the limit of insurance after the deductible is paid

Which of the following statements is true concerning a bonded contractor who defaults on a construction performance contract? A) the surety may cancel the bond and avoid paying any losses or expenses B) the contractor will lose his license to operate in the state C) the principal has no obligation to complete any remaining work or to pay for the expenses D) the obligee may engage another contractor and then seek reimbursement from the surety

D) the obligee may engage another contractor and then seek reimbursement from the surety