New York Adjuster Exam Latest Update 2024-
2025 Actual Exam with Questions and 100%
Verified Correct Answers Guaranteed A+ At First
Attempt Verified By Professor
A non-waiver agreement would allow the insurance company to do which of the
following? - CORRECT ANSWER: Investigate the loss without verifying that the loss is
covered is correct.
A person who violates a cease and desist order issued by the Superintendent of
Insurance is subject to a penalty of up to _____ for each violation. - CORRECT
ANSWER: $5,000
A professional liability policy can be: - CORRECT ANSWER: Purchased separately for
an additional premium
A ship has negligently collided with another ship and caused severe damage. What
coverage would apply to cover this claim? - CORRECT ANSWER: Hull insurance with
the "running down clause
All of the following statements are false regarding an insured's right to cancel an
automobile policy, EXCEPT: - CORRECT ANSWER: The named insured may cancel an
auto policy at any time. is correct.
All of the following statements regarding the Motor Carrier Act of 1980 are correct,
except:
The Motor Carrier Act applies to liability only. The MCS-90 form is used to indicate that
the vehicle in question has coverage including pollution liability for specifies limits being
defined by what is being hauled.
Answer Choices: Select the Correct Answer
, It requires truckers to certify that they are able to meet financial obligations arising from
liabilities of their trucking operations.
Commercial Inland Marine Motor Truck Cargo insurance is used to cover the liability for
hauled cargo.
The MCS-90 endorsement must be attached to a truckers policy to show that insurance
is being used as proof of financial responsibility.
It requires truckers to certify that they are able to meet financial obligations arising from
physical damages of their trucking operations. - CORRECT ANSWER: It requires
truckers to certify that they are able to meet financial obligations arising from physical
damages of their trucking operations. .
An insured has an occurrence-type CGL policy with a $100,000 aggregate limit and a
$25,000 per occurrence limit. The insured had one occurrence settled for $35,000 and a
second occurrence, which took place during the same policy period, was settled for
$20,000. If a third occurrence took place in this same term, what is the maximum
amount the insurer would be obligated to pay as damages? - CORRECT ANSWER:
Explanation:
The policy can only pay up to its per occurrence limit on any one occurrence. The
insurer will pay $25,000 for the first occurrence, and will pay all of the $20,000
settlement for the second occurrence. The aggregate limit has thus been reduced by a
total of $45,000, leaving just $55,000 for any other occurrences during that policy
period.
If an employer does not qualify to obtain Workers Compensation by self insuring or
purchasing coverage from a private insurer, where may coverage be purchased? -
CORRECT ANSWER: The State Insurance Fund (SIF)
If an insured wishes to cover the mobile home while it is being transported from one
location to another would: - CORRECT ANSWER: Purchase the Mobile Home
Transportation Coverage Endorsement on the homeowner policy
If Smith Construction Company does not properly protect a job site, the public could be
injured. This is an example of: - CORRECT ANSWER: Negligence
In crime insurance, which of the following individuals is NOT considered to be a
custodian? - CORRECT ANSWER: Janitor
2025 Actual Exam with Questions and 100%
Verified Correct Answers Guaranteed A+ At First
Attempt Verified By Professor
A non-waiver agreement would allow the insurance company to do which of the
following? - CORRECT ANSWER: Investigate the loss without verifying that the loss is
covered is correct.
A person who violates a cease and desist order issued by the Superintendent of
Insurance is subject to a penalty of up to _____ for each violation. - CORRECT
ANSWER: $5,000
A professional liability policy can be: - CORRECT ANSWER: Purchased separately for
an additional premium
A ship has negligently collided with another ship and caused severe damage. What
coverage would apply to cover this claim? - CORRECT ANSWER: Hull insurance with
the "running down clause
All of the following statements are false regarding an insured's right to cancel an
automobile policy, EXCEPT: - CORRECT ANSWER: The named insured may cancel an
auto policy at any time. is correct.
All of the following statements regarding the Motor Carrier Act of 1980 are correct,
except:
The Motor Carrier Act applies to liability only. The MCS-90 form is used to indicate that
the vehicle in question has coverage including pollution liability for specifies limits being
defined by what is being hauled.
Answer Choices: Select the Correct Answer
, It requires truckers to certify that they are able to meet financial obligations arising from
liabilities of their trucking operations.
Commercial Inland Marine Motor Truck Cargo insurance is used to cover the liability for
hauled cargo.
The MCS-90 endorsement must be attached to a truckers policy to show that insurance
is being used as proof of financial responsibility.
It requires truckers to certify that they are able to meet financial obligations arising from
physical damages of their trucking operations. - CORRECT ANSWER: It requires
truckers to certify that they are able to meet financial obligations arising from physical
damages of their trucking operations. .
An insured has an occurrence-type CGL policy with a $100,000 aggregate limit and a
$25,000 per occurrence limit. The insured had one occurrence settled for $35,000 and a
second occurrence, which took place during the same policy period, was settled for
$20,000. If a third occurrence took place in this same term, what is the maximum
amount the insurer would be obligated to pay as damages? - CORRECT ANSWER:
Explanation:
The policy can only pay up to its per occurrence limit on any one occurrence. The
insurer will pay $25,000 for the first occurrence, and will pay all of the $20,000
settlement for the second occurrence. The aggregate limit has thus been reduced by a
total of $45,000, leaving just $55,000 for any other occurrences during that policy
period.
If an employer does not qualify to obtain Workers Compensation by self insuring or
purchasing coverage from a private insurer, where may coverage be purchased? -
CORRECT ANSWER: The State Insurance Fund (SIF)
If an insured wishes to cover the mobile home while it is being transported from one
location to another would: - CORRECT ANSWER: Purchase the Mobile Home
Transportation Coverage Endorsement on the homeowner policy
If Smith Construction Company does not properly protect a job site, the public could be
injured. This is an example of: - CORRECT ANSWER: Negligence
In crime insurance, which of the following individuals is NOT considered to be a
custodian? - CORRECT ANSWER: Janitor
