NEW YORK STATE AUTO DAMAGE AND THEFT PACKAGE DEAL|ALL GRADED A+|GUARANTEED SUCCESS

1. The deductible does each of these EXCEPT: a. reduce loss costs b. lower premium costs c. indemnify the insured d. excludes payment for small claims c. indemnify the insured 2. The Other Insurance Clause: a. prohibits other insurance on the same property b. upholds the principle ...

This document describes the roles and duties of a dual agent...? NYS Disclosure Form Prior to January 1, 2011, which of the following was NOT permitted under New York State law...? Advance consent to dual agency Only after January 1, 2011 was this permitted, as stated under Section 4...

vandalism Sometimes considered a form of criminal mischief, willful or malicious acts intended to damage property. Computer Fraud and Abuse Act (CFAA) Federal legislation that criminalizes various types of cybercrime surreptitious remaining A person has lawful access to the property...

Physical damage coverage under a garage policy is a blanket limit for covered auto, an accurate statement? Yes; The dealer's physical damage limit would be done on a blanket limit basis. This would apply to comprehensive and collision losses to the auto inventory of the dealer. This is done becaus...

All of the following are reasons that an adjuster should keep very detailed log notes, EXCEPT: To produce notes that will support a fraudulent denial of claims. . The adjuster's log notes are used to determine negligent parties, to assist in detecting fraud, to become a part of the claims file,...

Ceding Insurer The insurer transferring the risk is called? Assuming insurer The insurer providing reinsurance to another insurance company is called? agent's contract with the principal because the principal grants authority to an agent through the agent's contract what documenta...

Authority of the Auto Damage Appraiser Licensing Board (M.G.L. C. 26 Sec. 8G; 212 CMR 2.01) 2.01: Scope of Regulations (1) Purpose and Applicability. The purpose of 212 CMR 2.00 is to promote the public welfare and safety by improving the quality and economy of the appraisal and repair of damag...

Dram Shop Liability refers to: Liquor Law Liability. The insured has suffered a covered loss under his DP-3 dwelling form. He fails to protect the property from further loss. The additional loss that occurs as a result of his inactions may be denied because of what clause in the policy? Neg...

Offense Conduct where a fine or term of imprisonment may be imposed. Every crime is an offense, but not every offense is a crime Traffic Infraction Speeding, running a red light, driving on cell phone, etc. Violation Offense, which you cannot be sentenced to more than 15 days ...

Aftermarket Parts Non OEM OEM Original Equipment Manufacture VIN Vehicle ID Number 17 Digits 10th digit tells year Last 6 digits ID's the car Found on Dashboard U Bolts Attached the axle to the leaf springs Power Breaks Gets power from the booster Differe...

Types of body damage Direct; Indirect; Minor; Major Direct Damage Results in direct contact with an object. Holes, tears, gouges, and scratches are typical. Generally 10% of collisions result in direct damage Indirect Damage Results from direct damage. Impact cause another panel ...