New York Adjuster Exam Questions And
Answers
What is the definition of a non-resident agent? Someone licensed in their state and obtains
a license in another state to solicit insurance business in that state. is correct.
The court awards a judgment against the insured for $300,000 plus $10,00...
What is the definition of a non-resident agent? Someone licensed in their state and obtains
a license in another state to solicit insurance business in that state. is correct.
The court awards a judgment against the insured for $300,000 plus $10,000 of accrued interest
and the legal fees amount to an additional $35,000. Our insured has a $300,000 liability limit on
the policy. How much will be paid by the policy? The correct answer is: $345,000.
Explanation:
The $10,000 of accrued pre judgment interest and the $35,000 cost of the defense are all payable
as additional coverage on the policy. These amounts have no affect on the limit of liability
available in a judgment against the insured. So the entire amount of $345,000 is payable in this
case.
The minimum coverage required in New York for uninsured motorists bodily injury is:
The correct answer is: $25,000 per person, $50,000 per accident. .
Explanation:
New York state law established the minimum coverage limits of $25,000 per person, $50,000 per
accident and up to $50,000 per person, and $100,000 per accident for death.
, New York Adjuster Exam Questions And
Answers
If an insured wishes to cover the mobile home while it is being transported from one location to
another would: Purchase the Mobile Home Transportation Coverage Endorsement on the
homeowner policy
The workers compensation policy language is written by the: National Council on
Compensation Insurance (NCCI)
When a homeowners policy has been in effect for 60 days in New York, an insurer can cancel at
anytime for any of the following reasons, EXCEPT: A large loss has occurred
Under the underinsured motorist limit, how much will be paid on a claim providing the insured
can prove his or her claim for damages? The difference between the negligent driver's
coverage and the insured's underinsured motorist coverage
Who signs the declarations page on most property and casualty policies? An Authorized
Representative of the Insurer
Which of the following commercial crime insuring agreements would cover theft of currency?
Employee Theft.
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