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NEW YORK ADJUSTER EXAM 2024/2025 NEWEST!! COMPLETE 280 ACTUAL EXAM QUESTIONS AND CORRECT ANSWERS (VERIFIED ANSWERS) ALREADY GRADED A+.$22.99
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NEW YORK ADJUSTER EXAM 2024/2025 NEWEST!! COMPLETE 280 ACTUAL EXAM QUESTIONS AND CORRECT ANSWERS (VERIFIED ANSWERS) ALREADY GRADED A+.
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NEW YORK ADJUSTER
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NEW YORK ADJUSTER
NEW YORK ADJUSTER EXAM 2024/2025 NEWEST!! COMPLETE
280 ACTUAL EXAM QUESTIONS AND CORRECT ANSWERS
(VERIFIED ANSWERS) ALREADY GRADED A+.
NEW YORK ADJUSTER EXAM 2024/2025 NEWEST!! COMPLETE
280 ACTUAL EXAM QUESTIONS AND CORRECT ANSWERS
(VERIFIED ANSWERS) ALREADY GRADED A+.
NEW YORK ADJU...
NEW YORK ADJUSTER EXAM 2024/2025 NEWEST!! COMPLETE
280 ACTUAL EXAM QUESTIONS AND CORRECT ANSWERS
(VERIFIED ANSWERS) ALREADY GRADED A+.
The insured has moved into a dwelling that was being build and was
covered by the "Dwelling Under Construction" endorsement. How
long does the insured have to report his / her occupancy to the
insurance company? - ANSWER-30 days
When a New York Homeowners policy is still in the 60-day
underwriting period, the insurer may cancel it for any reason by
providing a ______ notice. - ANSWER-30 day
Personal property that is covered under the Personal Property
Replacement Cost Endorsement is damaged and a claim has been
filed. The replacement cost of the property at the time of the loss is
$2,500. The full cost to repair the property is $2,000. The Coverage C
limit of the Homeowners policy is $8,000. No special limits apply to
this property and there is no limit applied to the type of property
being claimed. Which of the following is the amount that will be paid
under the endorsement? - ANSWER-2,000. The endorsement will pay
the smallest amount of the replacement cost at the time of the loss,
the full repair cost, the Coverage C limit, any applicable special limits,
or the limit that applies to the type of property being claimed.
,The mandatory recoupment of the federal share through policyholder
surcharges under Terrorism Risk Insurance Program Reauthorization
Act of 2015 was increased from 133% to - ANSWER-140%
A Building and Personal Property Coverage form provides coverage
for all of the following types of property, EXCEPT: - ANSWER-
Growing crops and lawns.
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-The mortgagee is paid $150,000.
The Terrorism Risk Insurance Act and all of its extensions and
reauthorizations is actually an agreement between: - ANSWER-
Between the Federal Government and the insurance companies.
The first effort to provide insurance for land transportation risks
involved an extension of ocean marine coverage known as the: -
ANSWER-"Warehouse to warehouse" clause.
Which of the following is not a duty of an insurer in case of a loss? -
ANSWER-Separate the damaged property from the undamaged
property and protect the property from further loss
,An insured owns a set of six drawing pens designed and used by
Benjamin Franklin. Each pen is worth $1,000 alone, but the set is
worth $12,000. One pen is destroyed by a covered peril. Under the
pair or set clause the insurance company will pay a maximum of
which of the following amounts? - ANSWER-$7,000
Traditionally, the most common type of crop insurance sold prior to
the creation of the Multi-Peril Crop Insurance Program was: -
ANSWER-Coverage for hail damage.
An adjuster's report that contains all the facts, evidence and
disposition of the claim and is considered to be the final report is
known as the: - ANSWER-Full report.
The New York Superintendent of Insurance may refuse to renew,
suspend or revoke a license as a result of which of the following?
I. A violation of any provision of the New York Insurance Code. II.
A licensee making a material misstatement in application for
license.
III. A licensee being found guilty of fraud or dishonest practices. -
ANSWER-I, II and III
No insurer may issue checks or drafts or partial settlement of a loss
or claim that is still being negotiated that: - ANSWER-Releases the
insurer from additional liability.
, The insured owns a two family dwelling and is covered under a
Homeowner policy. One of the units is rented. The insured also
maintains a small incidental business in the structure. In case of a
covered loss, which of the following would NOT be paid under
Coverage D - Loss of Use? - ANSWER-Loss of income from the
incidental business.
The adjuster bond required in New York is payable to: - ANSWER-The
state of New York.
An earthquake and landslide has occurred and soon after a house
insured on an unendorsed HO-3 is damaged by fire and then an
explosion. What would be covered in this scenario? - ANSWER-Only
the resulting fire and explosion damage would be covered
If any person engages in activities in violation of the Federal
Insurance Fraud and False Statements regulation, he or she may be
subject to which of the following? - ANSWER-A civil penalty of not
more than $50,000.
Kelly would like to obtain an Independent Adjuster license in New
York, however, she has been convicted of a felony involving
dishonesty or breach of trust. Kelly plans to submit a 1033 Waiver
from the Department of Financial Services so that she can begin
looking for a job. Which of the following is NOT a requirement for the
Superintendent to grant this waiver? - ANSWER-Kelly is not required
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