Connecticut property and casualty practice exam

1. How many continuing education hours must a Connecticut resident producer complete during each compliance period?

1. 12 hours
2. 20 hours
3. 24 hours
4. 30 hours

2. Of a Connecticut resident producer's 24 required CE hours, how many must be in laws, regulations, and ethics?

1. 1 hour
2. 4 hours
3. 3 hours
4. 8 hours

3. How does Connecticut apply the 24-hour CE requirement to a resident producer who holds several lines of authority?

1. It applies to the license overall, not to each line of authority
2. 24 hours must be completed for each line
3. 12 hours must be completed for each line
4. Only the first line requires CE

4. Which statement about CE for nonresident licensees in Connecticut is correct?

1. They must complete the full 24 hours in Connecticut
2. They must complete only the 3 ethics hours in Connecticut
3. They must complete 12 hours in Connecticut
4. Nonresident licensees are not required to complete Connecticut CE

5. How often must a Connecticut resident individual producer license be renewed?

1. Every year on December 31
2. Every two years, by the last day of the licensee's birth month
3. Every three years on the license anniversary
4. Every four years on June 30

1. Which set of minimum liability limits does the Connecticut Insurance Department list for private passenger auto policies?

1. $25,000 per person / $50,000 per accident bodily injury and $25,000 property damage
2. $15,000 per person / $30,000 per accident bodily injury and $5,000 property damage
3. $20,000 per person / $40,000 per accident bodily injury and $10,000 property damage
4. $50,000 per person / $100,000 per accident bodily injury and $25,000 property damage

2. What does the Connecticut Insurance Department say about uninsured/underinsured motorist coverage on Connecticut auto policies?

1. It is optional and must be requested in writing
2. It is required only for drivers with a prior accident
3. State law requires it, at minimum limits of $25,000 per person and $50,000 per accident
4. It is required only when the policy carries collision coverage

1. Under Conn. Gen. Stat. 38a-323, how much advance notice must a personal lines insurer generally give before nonrenewing a policy, along with the reason?

1. At least 10 days
2. At least 60 days
3. At least 30 days
4. At least 90 days

2. If a Connecticut insurer fails to give the required notice of nonrenewal under 38a-323, what remedy does the insured have?

1. The policy ends automatically on the expiration date
2. The insured receives a refund of the full annual premium
3. The insured must reapply with the insurer's residual market plan
4. Renewal for at least one year on the same terms, or pro rata cancellation within 60 days of the renewal date

3. Under Conn. Gen. Stat. 38a-316g, how much notice must a homeowners insurer give to cancel for nonpayment of premium a policy that has been in effect at least 60 days?

1. At least 5 days
2. At least 20 days
3. At least 45 days
4. At least 10 days

4. Under Conn. Gen. Stat. 38a-322, a binder for temporary insurance may not exceed how many days?

1. 15 days
2. 60 days
3. 30 days
4. 90 days

1. What is the maximum total amount of insurance the Connecticut FAIR Plan may provide on any single risk under its regulations?

1. $250,000
2. $500,000
3. $1,500,000
4. $3,000,000

2. Within how many days must an applicant appeal a FAIR Plan declination to the FAIR Plan manager under Connecticut's FAIR Plan regulations?

1. 30 days
2. 10 days
3. 15 days
4. 60 days

1. Under Conn. Gen. Stat. 38a-841, the Connecticut Insurance Guaranty Association's ceiling on a covered claim where the final liquidation order was entered on or after October 1, 2015 is:

1. $300,000
2. $500,000
3. $400,000
4. $1,000,000

2. For unearned premium on a policy of an insolvent insurer, the Connecticut Insurance Guaranty Association pays:

1. One-half of the unearned premium, up to $2,000 per policy
2. The full unearned premium, up to $10,000 per policy
3. One-half of the unearned premium, with no maximum
4. The full unearned premium, up to $500,000 per policy

1. Which statement about who may be excluded from Connecticut workers compensation coverage is correct, according to the Workers' Compensation Commission?

1. No owner of a business may ever be excluded
2. Only employees paid on commission may be excluded
3. Only employers with fewer than three employees may elect exclusion
4. Corporate officers, LLC members, and partnership members may elect to be excluded from the Act

1. Under Conn. Gen. Stat. 38a-816(6), which of these, committed with such frequency as to indicate a general business practice, is an unfair claim settlement practice?

1. Offering a settlement that the claimant accepts
2. Asking a claimant for a signed proof of loss form
3. Failing to affirm or deny coverage within a reasonable time after proof of loss statements are completed
4. Denying a claim in writing with the policy reason