IA Test 18 Flashcards
The standardized Homeowners policy forms provide additional coverage for loss of trees, shrubs and other plants. However, the coverage is limited to:
Answer Choices: Select the Correct Answer
$500 for any one tree, shrub, or plant.
$250 for any one tree, shrub, or plant.
$750 for any one tree, shrub, or plant.
$1,000 for any one tree, shrub, or plant.
Question 1 of 100
Your answer: $1,000 for any one tree, shrub, or plant. is incorrect. The correct answer is: $500 for any one tree, shrub, or plant..
EXPLANATION:
Most Homeowner policies provide a maximum limit of 5% of Coverage A and a maximum of $500 for any one tree, shrub or plant.
Question 1 of 100
Which of the following are covered under the Homeowners “Additional Residence Rented to Others” endorsement?
I. Personal Liability (Injury)
II. Medical Payment to Others
III. Dwelling
IV. Personal Property
Answer Choices: Select the Correct Answer I and II only. I, II, III and IV. I and IV only. III and IV only.
Question 2 of 100
Your answer: I and II only. is correct.
EXPLANATION:
The “Additional Residence Rented to Others” endorsement provides personal liability (injury) and medical payments to others coverage to cover the insured’s liability arising out of the ownership of a residence regularly rented to others.
Question 2 of 100
In January 2011 ABC Company wrote a fidelity bond for Jim’s Cleaners. In March, Jim discovered an employee theft that took place two years ago. This claim should be handled by:
Answer Choices: Select the Correct Answer
The carrier who wrote their bond in 2009
ABC Company
Both carriers
Neither carrier
Question 3 of 100
Your answer: The carrier who wrote their bond in 2009 is incorrect. The correct answer is: ABC Company.
EXPLANATION:
Fidelity bonds normally contain a clause known as a superseded suretyship rider, which holds that the current bond is to pay all losses that would have been recoverable under prior bonds if the “discovery period” has expired on the previous bond.
Question 3 of 100
Before an application for an independent adjuster license is granted, the applicant must meet all of the following requirements, EXCEPT:
Answer Choices: Select the Correct Answer
The applicant must be at least 21 years of age.
The applicant must have at least two years of experience in insurance claims adjusting.
The applicant must not have committed acts constituting grounds for denial of a license.
Payment of the application fee.
Question 4 of 100
Your answer: The applicant must be at least 21 years of age. is correct.
EXPLANATION:
The applicant must be at least 18 years of age.
Question 4 of 100
The insured sets a fire to his home and is found to be guilty of arson. There is a lien on the burned property by a mortgage company in the amount of $150,000. The property is insured for $300,000 and is a total loss. The personal property of the insured, covered separately by a Homeowners policy for $150,000, is also a total loss. How will this claim most likely be paid?
Answer Choices: Select the Correct Answer
The insured is paid a total of $300,000.
The mortgagee is paid $150,000.
The insured is paid $150,000 for the personal property loss.
Since the loss is from an intentional act of the insured the entire loss is denied.
Question 5 of 100
Your answer: The mortgagee is paid $150,000. is correct.
EXPLANATION:
The provisions relative to the suspension of payment due to arson do not apply to a lender that holds a valid recorded mortgage on the property in question. Therefore, the lien holder is fully reimbursed for its insurable interest in the property. The insured is not paid due to the charge and conviction of arson.
Question 5 of 100
For which of the following would an employee receive no workers compensation benefits in California?
Answer Choices: Select the Correct Answer
An employee whose injury was caused by his or her own intoxication
An employee who voluntarily participates in any off-duty recreational, social, or athletic activity not constituting part of the employee’s work-related duties.
An employee who was injured during a fight in which she was the initial aggressor
All responses listed are correct
Question 6 of 100
Your answer: All responses listed are correct is correct.
EXPLANATION:
While employees who are injured at work are normally provided with workers compensation benefits (without regard to fault), there are exceptions. Workers who are injured because of their own serious and willful conduct receive only 50% of normal benefits. However, there are no benefits payable if the employee is the initial aggressor in a fight that causes injury to him/herself, is injured while intoxicated, or voluntarily participates in any off-duty recreational, social, or athletic activity not constituting part of the employee’s work-related duties. This would mean that all of the answers listed are correct.
Question 6 of 100
What does the Small Business Administration (SBA) surety bond program provide?
Answer Choices: Select the Correct Answer
Reimburses the sureties that provide the bonds a percentage of the losses sustained if the contractor defaults.
Bonding for small contractors.
Guarantees a bond will be issued.
Pays premiums for surety bonds.
Your answer: Guarantees a bond will be issued. is incorrect. The correct answer is: Reimburses the sureties that provide the bonds a percentage of the losses sustained if the contractor defaults. .
EXPLANATION:
SBA guarantees bid, performance, payment and ancillary bonds issued by surety companies for construction, service and supply contracts and reimburses the sureties a percentage of the losses sustained if the contractor defaults.
Question 7 of 100
Workers compensation benefits provided in California include:
I. Medical benefits, including first aid
II. Disability income benefits providing payments for lost wages
III. Rehabilitation benefits, including physical rehabilitation expenses or vocational training
IV. Death benefits payable to the dependent spouse and children
Answer Choices: Select the Correct Answer I, II, III and IV II, III and IV only I, II and III only I, II and IV only
Question 8 of 100
Your answer: I, II, III and IV is correct.
EXPLANATION:
All responses are examples of benefits provided by workers compensation.
Question 8 of 100
In California, all the following are considered private passenger vehicles, EXCEPT:
Answer Choices: Select the Correct Answer
a six-wheel recreational vehicle.
a privately owned limousine used exclusively by the owner.
a personally owned four-wheel station wagon used for deliveries as a volunteer.
a four-wheel vehicle used as a taxi by an individual and not a company.
Question 9 of 100
Your answer: a four-wheel vehicle used as a taxi by an individual and not a company. is correct.
EXPLANATION:
A four-wheel vehicle used as a taxi by an individual and not a company is not considered a private passenger vehicle.
Question 9 of 100
In a situation where liability is obviously clear and an insurer refuses to settle, which of the following is correct according to the California Insurance Code?
Answer Choices: Select the Correct Answer
The insurer has the right to delay payment for a period of up to six months even when liability is clear.
The insurer is permitted to exercise the right of appeal.
The insurer has the right to delay payment for a period of up to 90 days months even when liability is clear.
The insurer is committing an unfair claims settlement practice in California.
Your answer: The insurer is committing an unfair claims settlement practice in California. is correct.
EXPLANATION:
Not attempting in good faith to effectuate prompt, fair, and equitable settlements of claims in which liability has become reasonably clear is an unfair claims settlement practice in California.
Question 10 of 100
All of the following items would be covered under a Personal Property Replacement Cost Endorsement attached to a Homeowners policy, EXCEPT:
Answer Choices: Select the Correct Answer
A refrigerator in the covered home.
Jewelry that is described in the policy and subject to an agreed value loss settlement.
Carpeting that was damaged inside the covered dwelling.
An awning covering the front porch of the insured home.
Question 11 of 100
Your answer: Jewelry that is described in the policy and subject to an agreed value loss settlement. is correct.
EXPLANATION:
If the property is already subject to an “agreed value” loss settlement under the Homeowners policy, it will not be covered by the Personal Property Replacement Cost Endorsement.
Question 11 of 100
The giving up of a known right is called:
Answer Choices: Select the Correct Answer Waiver. Estoppel. Violation of policy conditions. Rebating.
Question 12 of 100
Your answer: Waiver. is correct.
EXPLANATION:
A waiver can be intentional (expressed) or unintentional (implied).
Question 12 of 100
Miranda’s home is covered under a Homeowners policy with an Earthquake Endorsement attached. She has selected the base deductible of 5% and her limit of liability under Coverage C is greater than Coverage A. Her Coverage C limit of liability is $1,000. What is the deductible that Miranda will have to pay?
Answer Choices: Select the Correct Answer $50 $5 $5,000 $500
Question 13 of 100
Your answer: $500 is correct.
EXPLANATION:
Although 5% multiplied by $1,000 is $50, the endorsement states that the deductible will never be less than $500.
Question 13 of 100
Which of the following would not be “other structures” in the HO forms?
Answer Choices: Select the Correct Answer
A separate building on the insured premises used for business.
A building connected to the main dwelling only by a fence.
A private garage rented to a non-tenant.
An in-ground swimming pool.
Question 14 of 100
Your answer: A building connected to the main dwelling only by a fence. is incorrect. The correct answer is: A separate building on the insured premises used for business. .
EXPLANATION:
A building used for business purposes is not covered as an “other structure”. However, there is an exception for buildings that are rented out as private garages. Buildings connected to the dwelling only by a fence are considered detached, and therefore are “other structures”. An in-ground swimming pool would also be considered a structure.
Question 14 of 100
Which of the following is not considered a “breakdown” under Equipment Breakdown coverage?
Answer Choices: Select the Correct Answer
Mechanical failure
Rupture or bursting caused by centrifugal force
Electrical failure
Lack of power, light, heat, steam or refrigeration
Question 15 of 100
Your answer: Lack of power, light, heat, steam or refrigeration is correct.
EXPLANATION:
Breakdown is direct physical loss that causes damage to covered equipment requiring it to be repaired or replaced. It must be caused by a failure of pressure or vacuum equipment, a mechanical failure, including rupture or bursting caused by centrifugal force, or an electrical failure, including arcing, provided the loss or damage is not excluded elsewhere in the coverage form. The lack of power, light, heat, steam or refrigeration is specifically excluded.
Question 15 of 100
The Businessowners Policy provides coverage on the buildings and contents. How is the coverage provided?
Answer Choices: Select the Correct Answer
Actual Cash Value Basis
Replacement Cost Basis
Either on an actual cash value basis or replacement cost basis
Only on an agreed amount basis
Question 16 of 100
Your answer: Actual Cash Value Basis is incorrect. The correct answer is: Either on an actual cash value basis or replacement cost basis.
EXPLANATION:
The BOP offers the option of covering the property on a “replacement cost” basis or “actual cash value” basis.
Question 16 of 100
What is the difference between arbitration and mediation in the adjusting of claims?
Answer Choices: Select the Correct Answer
Mediation is not binding whereas with arbitration, the decision is final and binding on the parties
Both involve a signed waiver
Arbitration usually involves a person in the legal profession
Only one involves the law of estoppel
Question 17 of 100
Your answer: Mediation is not binding whereas with arbitration, the decision is final and binding on the parties is correct.
EXPLANATION:
Arbitration is when the parties in a dispute submit their differences to a private body and the private body’s decision is usually final and binding to both parties. Mediation involves an impartial person, usually in the law profession, who helps the parties analyze their dispute and devise a compromise.
Question 17 of 100
The traditional definition of actual cash value (ACV) is:
Answer Choices: Select the Correct Answer
Replacement cost minus depreciation.
The original purchase price minus depreciation.
Another term for replacement value.
The maximum amount any policy will pay for any property loss.
Question 18 of 100
Your answer: Another term for replacement value. is incorrect. The correct answer is: Replacement cost minus depreciation..
EXPLANATION:
The traditional definition of ACV is replacement cost minus depreciation.
Question 18 of 100
All of the following are reasons for cancellation of a property insurance policy, EXCEPT:
Answer Choices: Select the Correct Answer
Several large claims.
Nonpayment of premium.
Conviction of the named insured of a crime arising out of an act increasing the hazard insured against.
Substantial change in the risk assumed by the insurer since the policy was issued.
Question 19 of 100
Your answer: Conviction of the named insured of a crime arising out of an act increasing the hazard insured against. is incorrect. The correct answer is: Several large claims..
EXPLANATION:
Several large claims is not a reason for canceling a policy.
Question 19 of 100
With a claims made CGL policy, if a loss occurred after the retroactive date but was not reported during the policy period, what else needs to be in place in order for the insurer to respond to the notice of claim?
Answer Choices: Select the Correct Answer Extended policy term of 60 days. Extended supplemental retroactive date. Extended Coverage endorsement. Extended Reporting Period.
Question 20 of 100
Your answer: Extended Reporting Period. is correct.
EXPLANATION:
An extended reporting period would need to be in place for claims that were not reported during the expiring policy term. There is a 60 day extended reporting period automatically built into the expiring policy, but if the insured needs more time, then a supplemental extended reporting period needs to be added by endorsement and an additional premium paid.
Question 20 of 100
What type of liability is imposed by law without regard to fault on those participating in certain activities or owning certain things that are considered especially hazardous?
Answer Choices: Select the Correct Answer Vicarious Absolute Comparative Res ipsa loquitor
Question 21 of 100
Your answer: Res ipsa loquitor is incorrect. The correct answer is: Absolute.
EXPLANATION:
Absolute or strict liability is liability without fault. It is occasionally imposed by statute on those participating in specified activities that are considered especially hazardous. For example, in some states, ownership of certain dog breeds places strict liability upon the owners in case of any damage or injury to others.
Question 21 of 100
In casualty insurance, the “other insurance” clause would be applicable:
Answer Choices: Select the Correct Answer
When three policies are in force but no claim filed.
When two policies are in force and both cover the claim filed.
When the insurer requests it.
When there is a coverage limit issue.
Question 22 of 100
Your answer: When there is a coverage limit issue. is incorrect. The correct answer is: When two policies are in force and both cover the claim filed..
EXPLANATION:
When two or more policies are in force covering the same claim, the “other insurance” clause would apply.
Question 22 of 100
What type of injury is usually not covered by commercial umbrella liability policies if the insured’s business is advertising, publishing, broadcasting or telecasting?
Answer Choices: Select the Correct Answer Slander or libel only Advertising injury only Personal injury only Violation of right of privacy only
Question 23 of 100
Your answer: Personal injury only is incorrect. The correct answer is: Advertising injury only.
EXPLANATION:
Coverage for advertising injury is not covered if the insured is in the business of advertising, publishing or telecasting.
Question 23 of 100
Under the California Insurance Frauds Prevention Act (IFPA), facts, circumstances or events which singly, or in combination, support(s) an inference that insurance fraud may be been committed is called:
Answer Choices: Select the Correct Answer A suspected fraud occurrence. A red flag event. A reasonable belief occurrence. A willful event.
Question 24 of 100
Your answer: A red flag event. is correct.
EXPLANATION:
Facts, circumstances or events which singly, or in combination, support(s) an inference that insurance fraud may be been committed is called a “red flag” or a “red flag event” in California.
Question 24 of 100
Submit
Which of the following is excluded under the Ordinance or Law Endorsement form?
Answer Choices: Select the Correct Answer
The cost to comply with any ordinance or law requiring a higher grade of pipe to be used in a home’s plumbing system.
The cost to comply with any ordinance or law regulating or enforcing the type of insulation that may be used in the attics of homes located in the jurisdiction.
The cost to comply with any ordinance or law requiring that handrails be installed on any porch that is greater than 2 feet in height, and is attached to the covered dwelling.
The cost to comply with any ordinance or law regulating or enforcing the clean up and removal of pollutants.
Question 25 of 100
Your answer: The cost to comply with any ordinance or law regulating or enforcing the clean up and removal of pollutants. is correct.
EXPLANATION:
The cost to comply with any ordinance or law regulating or enforcing the clean up and removal of pollutants is excluded under the Ordinance or Law endorsement.
Question 25 of 100
Which of the following businesses would be eligible for a Businessowners policy?
I. Donut shop.
II. Wholesale florist.
III. Barber shop.
IV. Taxidermist.
Answer Choices: Select the Correct Answer I, II, III, and IV I and III only II and III only I, II, and III only
Question 26 of 100
Your answer: I, II, III, and IV is correct.
EXPLANATION:
Generally, Businessowners policies are written to cover light businesses with limited locations and size. Most insurers would cover all of the ones in this question. The Donut shop will probably be required to install the proper fire extinguishing equipment if the donuts are made on the premises.
Question 26 of 100
Byron has submitted his application for a California Adjuster license, and then begins studying a course that will allow him to take the state licensing exam. Byron is working 40 hours a week, so he feels satisfied that he finished the course and passed the state licensing exam only 14 months after submitting his application. Which of the following is the response Byron will receive from the California Department of Insurance?
Answer Choices: Select the Correct Answer
He will receive notice that his license application is denied because he was required to fulfill all licensing requirements within 12 months of submitting his application.
He will receive his license from the Department because he fulfilled all the requirements for licensing.
He will receive notice that his license application is denied because he was required to fulfill all licensing requirements within 6 months of submitting his application.
He will receive notice that his license application has been approved and he will receive it within 60 days.
Question 27 of 100
Your answer: He will receive notice that his license application is denied because he was required to fulfill all licensing requirements within 12 months of submitting his application. is correct.
EXPLANATION:
He will receive notice that his license application is denied because he was required to fulfill all licensing requirements within 12 months of submitting his application. (CCR 2691.9)
Question 27 of 100
A contractor’s bid bond is used:
Answer Choices: Select the Correct Answer
To indemnity bonds posted at auction.
To indemnity sealed bids.
As a promise from the surety that if the principal is the low bidder and is awarded the contract, the principal will enter into the contract for the bid amount and provide required performance bonds.
To guarantee that the work will be performed according to the terms and conditions of the contract with the obligee.
Question 28 of 100
Your answer: To guarantee that the work will be performed according to the terms and conditions of the contract with the obligee. is incorrect. The correct answer is: As a promise from the surety that if the principal is the low bidder and is awarded the contract, the principal will enter into the contract for the bid amount and provide required performance bonds..
EXPLANATION:
A bid bond is used as a promise from the surety that if the principal is the low bidder and is awarded the contract for the bid price, the principal will indeed enter into the contract.
Question 28 of 100
Which of the following is the principal in a bond?
Answer Choices: Select the Correct Answer Contractor doing the work Owner of the job The insurance company The surety
Question 29 of 100
Your answer: The insurance company is incorrect. The correct answer is: Contractor doing the work.
EXPLANATION:
There are three parties to a surety or fidelity bond: the principal, whose performance is being guaranteed by the surety; the obligee, to whom the principal makes a promise to perform or to be honest and the surety, which guarantees the principal’s performance. If the principal fails, the surety will indemnify the obligee up to the face amount.
Question 29 of 100
QUESTION:
Homeowner policies provide additional coverage for loss of lawns, plants, trees, and shrubs – but the coverage is limited to:
Answer Choices: Select the Correct Answer
$250 for any one tree, shrub, or plant.
$1,000 for any one tree, shrub, or plant.
$500 for any one tree, shrub, or plant.
$750 for any one tree, shrub, or plant.
Question 30 of 100
Your answer: $500 for any one tree, shrub, or plant. is correct.
EXPLANATION:
Most homeowner policies provide a maximum limit of 5% of coverage A and a maximum of $500 for any one tree, shrub or plant.
Question 30 of 100
Under the livestock coverage form, within how many days must newly acquired livestock be added to the policy?
Answer Choices: Select the Correct Answer Within 30 days of purchase Immediately Within 10 days of purchase With 5 days of purchase
Question 31 of 100
Your answer: Within 30 days of purchase is correct.
EXPLANATION:
Newly acquired livestock must be reported to the insurance company within 30 days of acquisition, at which time an additional premium will be charged the insured.
Question 31 of 100
Driver 1 and Driver 2 are in an accident. Driver 2 has the following damages:
Property Damage - $1,000 Rental Car Expense - $500 Emergency Room Expense - $400 Lost Wages - $300 The extent of the bodily injury will not be known for six months. How should the adjuster on this claim pay damages for Driver 2?
Answer Choices: Select the Correct Answer
Pay all damage to date, provide a full and final release has been signed by Driver 2.
Pay nothing until total of all damages has been determined.
Pay the property damage and rental car expense and settle the bodily injury at a later time.
None of the responses listed are correct.
Question 32 of 100
The extent of the bodily injury will not be known for six months. How should the adjuster on this claim pay damages for Driver 2?
Your answer: Pay the property damage and rental car expense and settle the bodily injury at a later time. is correct.
EXPLANATION:
In this case the adjuster should pay for the parts of the claim where he can easily determine its value. He sould seek a partial release for these items. He can then settle the bodily injury claim and get a release at a later time.
Question 32 of 100
A building valued at $500,000 is insured at $300,000 on a policy containing an 80% coinsurance clause. How much would be paid on a covered $200,000 loss?
Answer Choices: Select the Correct Answer -0- $150,000 $160,000 $200,000
Question 33 of 100
Your answer: $160,000 is incorrect. The correct answer is: $150,000.
EXPLANATION:
The answer is $150,000. Per the coinsurance clause, the required amount of insurance is 80% of $500,000, which equals $400,000. However, the insured’s limit of $300,000 is only ¾ of the insurance required. That same fraction, ¾, is applied to the loss amount. ¾ of $200,000 is $150,000. Thus there is a “coinsurance penalty” of ¼ of the loss, or $50,000.
Question 33 of 100
Convenience stores selling gasoline must have a minimum of ______ square feet in total floor area in order to qualify for the BOP?
Answer Choices: Select the Correct Answer 2,500 3,500 4,000 3,000
Question 34 of 100
Your answer: 3,500 is incorrect. The correct answer is: 3,000.
EXPLANATION:
In the newer edition of the BOP, restaurants or convenience stores selling gasoline must have a minimum of 3,000 square feet of total floor space in order to qualify as an acceptable risk.
Question 34 of 100
In case of a loss, how many days notice does the insured have after notification of a claim to submit the claim to the underwriters of the ocean marine coverage?
Answer Choices: Select the Correct Answer 180 days. 90 days. 60 days. 120 days.
Question 35 of 100
Your answer: 90 days. is incorrect. The correct answer is: 180 days..
EXPLANATION:
In case of a loss, the insured must notify the lead insurance company before it takes any action. There is no coverage for the loss unless the notification is made within 180 days after the loss occurs, unless the insurance company has agreed to a different notification period.
Question 35 of 100
If the named insured’s employees use their own vehicles to run errands, and the named insured does not have commercial auto coverage, what coverage should be added to the insured’s Businessowners policy?
Answer Choices: Select the Correct Answer
The Business Auto endorsement.
The Hired and Non-owned Auto Liability endorsement.
The Non-owned and Borrowed Auto Liability endorsement.
Coverage for this exposure cannot be added to the Businessowners policy, a separate auto policy must be purchased to protect the insured.
Question 36 of 100
Your answer: The Non-owned and Borrowed Auto Liability endorsement. is incorrect. The correct answer is: The Hired and Non-owned Auto Liability endorsement..
EXPLANATION:
The “Hired Auto and Non-Owned Auto Liability” endorsement would be attached to the BOP policy to protect the insured from liability exposures resulting from an auto accident that occurs when an automobile that is not owned by the business, is used for business purposes.
Question 36 of 100
Sam’s home located in a rural area is insured under a DP-2 dwelling form with a $500 deductible. He experiences a fire at his home and has to call the local volunteer fire department to extinguish the fire. He receives a bill from the fire department in the amount of $800. How much of the bill from the fire department will his policy pay?
Answer Choices: Select the Correct Answer Nothing $300 $500 $800
Question 37 of 100
Your answer: $300 is incorrect. The correct answer is: $500.
EXPLANATION:
The policy will provide $500 to pay for fire department charges incurred when the fire department is called to save or protect covered property from a peril insured against. This coverage is additional insurance and no deductible applies.
Question 37 of 100
Secondary injury funds (also known as second or subsequent injury funds) are a part of most states’ workers compensation laws. Which of the following most closely identifies their purpose?
Answer Choices: Select the Correct Answer
Designed to save the employer premium
Designed to cover all employers within the state
All employers which have had two or more workers compensation claims in the past years have their premiums surcharged
The Fund reimburses employers who employ employees with a pre-existing partial disability who suffer a secondary injury.
Question 38 of 100
Your answer: The Fund reimburses employers who employ employees with a pre-existing partial disability who suffer a secondary injury. is correct.
EXPLANATION:
Insurers pay into these funds. In some states, all insurers writing workers compensation coverage must pay into the fund, in other states, the stipulations for contribution are spelled out in the law. The Fund is a state agency which reimburses employers or, if insured, their insurance carriers for part of the workers’ compensation costs in certain instances when an employee with a pre-existing permanent partial disability is injured on the job.
Question 38 of 100
In which of the following situations should a non-waiver agreement be used?
Answer Choices: Select the Correct Answer
An insured’s picture window was broken by a neighbor throwing a baseball
An insured’s house burned to the ground
An insured’s house shows rot damage, and it appears there is a long-term plumbing leak
An insured’s roof blew off in a tornado
Question 39 of 100
Your answer: An insured’s house shows rot damage, and it appears there is a long-term plumbing leak is correct.
EXPLANATION:
Non-waivers should be executed when there are unresolved questions regarding coverage, limits or both. The adjuster would be wise to present such of waiver to the claimant/insured during the initial site visit.
Question 39 of 100
An independent adjuster must complete ___ hours of continuing education during each license renewal cycle.
Answer Choices: Select the Correct Answer 12 20 24 36
Question 40 of 100
Your answer: 24 is correct.
EXPLANATION:
An individual who holds an insurance adjuster license and who is not exempt must satisfactorily complete a minimum of 24 hours, of which three hours are to be in ethics, of continuing education courses pertinent to the duties and responsibilities of an insurance adjuster license reported to the Insurance Commissioner on a biennial basis in conjunction with his or her license renewal cycle.
Question 40 of 100
