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New York auto exam 17-66 | Questions and Answers | Graded A+
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New York auto exam 17-66 | Questions and Answers | Graded A+
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New York auto exam 17-66 | Questions andAnswers | Graded A+
The BAP uses Symbol 7 to cover "specifically described autos" identified in the declarations. An auto
acquired during the policy period will only be covered: - ✔✔If the insured insures all of their vehicles
with the company or it replaces a covered auto. .
EXPLANATION:
First the insured must insure all of their vehicles they own, or the auto replaces a covered auto. In either
case the insured must notify the insurance company of the change.
An insurer in New York is required to acknowledge receipt of notice of a claim within: - ✔✔5
working days..
EXPLANATION:
Every insurer, upon notification of a claim, must, within 15 working days, acknowledge the receipt of
the notice. The acknowledgment may be in writing. If an acknowledgment is made by other means, an
appropriate notation must be made in the claim file of the insurer.
Which of the following would NOT be covered under coverage C, the Uninsured and Underinsured
Motorist Coverage? - ✔✔Vehicles.
, EXPLANATION:
This coverage does not apply to physical damage to other vehicles. In some states the insured can elect
to purchase uninsured motorist property damage coverage that would apply to the insured's vehicle.
Special damages are those that the adjuster can assign a dollar amount such as medical expenses and
loss of wages. General damages deal with soft tissue injuries or pain and suffering where the damages
are usually determined at a later date and negotiated with the insured.
What type of liability is specifically addressed by statute? - ✔✔Strict Liability.
EXPLANATION:
Strict liability is specifically addressed by statute. Basically there is little if any defense on the part of
the negligent party. Products liability is often the subject of strict liability claims.
Liability coverage under the personal auto policy includes: - ✔✔The correct answer is: Both bodily
injury and property damage coverage.
EXPLANATION:
The policy provides both bodily injury and property damage liability coverage. It does not cover the
insured's personal property or personal property of others in the insured's vehicle.
All of the following statements regarding the Motor Carrier Act of 1980 are correct, EXCEPT: - ✔✔It
requires truckers to certify that they are able to meet financial obligations arising from physical damages
of their trucking operations. .
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