CT Adjusters Exam - Chapter 12 Questions with Complete Solutions (Latest 2025) Any person, legal entity, or business that investigates claims and negotiates settlements -Connecitcut does not require licensing for anyone adjusting fire, life or accident/health; property damage exceeding $1,500; or anyone engaged in the general practice of law - Correct Answers ✅Casualty Adjuster A monetary fine for this act is *no more than $4000*, prison up to *6 months*, or both - Correct Answers ✅Impersonation $80 plus a $50 filing fee - Correct Answers ✅License Fee Expire on *June 30th* of every *odd* number year - Correct Answers ✅Term of License The license will remain in effect for another *2 years* -The license exam may be waived by the Commissioner if the applicant holds a like license in his or her state Anyone acting as an adjuster without the proper license may be fined up to *$2,000, recieve a prison sentence for one year, or both* - Correct Answers ✅Renewal 1 / 3
CT Adjusters Exam - Chapter 12 Questions with Complete Solutions (Latest 2025) Notice of any changes must be provided within *30 days* to the Commissioner - crime and bankruptcy must also be reported *Violating this regulation will result in a fine of $100* - Correct Answers ✅Changes in Name, Address, or Licensee Status A producer must report to the Commissioner any administrative action against him or her by another state/government agency *within 30 days of the final diposition*. - Correct Answers ✅Reporting Actions No indiviaul or business entity is permitted to advertise or conduct insurance transactions under any name NOT on the file.-Must notify Commisioner *prior to using it* - Correct Answers ✅Assumed Names Any person, legal entity, or business that works on behalf of the insured *do not dicuss coverage* - Correct Answers ✅Public Adjuster 2 / 3
CT Adjusters Exam - Chapter 12 Questions with Complete Solutions (Latest 2025) The Commissioner has the power to grant, suspend or revoke an insurance license - appointed by the governor -If the license is suspended or revoked, the Commissioner must notify the license holder and sponsoring insurer *$5,000* fine may also be imposed by Commissioner - Correct Answers ✅The Commissioner When an individual is sent a notice of a hearing, he or she will also recieve a cease and desist order. This means that the individual must cease all insurance related activies until the hearing is held -if violated can get fined up to *50,000* or a suspension/revocation of license. - Correct Answers ✅Cease and Desist Order The Commissioner will send a notice of hearing to the licensee - the hearing will be held not less than *30 days* of the notice - Correct Answers ✅Hearings
- Providing incorrect and *materially untrue* information on
- *Violating any insurance laws*
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