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New York Personal Lines Final Exam Lines Final Exam Questions With 100- Correct Answers._.pdf
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8/21/24, 3:45 PMNew York Personal Lines Final Exam
Jeremiah
Practice questions for this set
Learn 1 /7 Study with Learn
Damage to the dwelling caused by lava or dust from volcanic eruption.
Choose matching term
An insured falsely reports the theft of a
What is not true regarding physical valuable item in order to collect payment
1 2
damage coverage? from the insurance policy. This is an
example of
Which of the following would be added for
Which of the following examples of losses
3 4 coverage under a property policy by an
paid under an HO-3 homeowners policy?
endorsement?
Don't know?
Terms in this set (100)
A passenger is injured while getting into a The drivers policy would be primary.
friends car. Which of the following
statements would apply if both the
passenger and the driver had medical
New York Personal Lines Final Exam
payments coverage under the auto policy.
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, 8/21/24, 3:45 PM
Adverse selection is a concept best Risks with higher probability of loss, seeking insurances more often than other risks.
described as:
An example of an alien insurer doing Mexico
business in NY is one formed under the laws
of
According to the NY motor vehicle financial 25/50/10
responsibility law what are the required limits
of liability on auto policies issued in this
state?
Which of the following examples of losses Damage to the dwelling caused by lava or dust from volcanic eruption.
paid under an HO-3 homeowners policy?
The insureds car was hit and damaged by a Other-Than- Collision
deer. Under which of the following
coverages in a personal auto policy would
this loss be paid?
Negligence may be defined as The failure to use reasonable and prudent care
When the direct chain of events resulting A proximate cause
from a negligent act causes injury or damage
that act is considered to be
All of the following are major coverages Loss of income
included in the homeowners policy except
Which of the following would be added for Additional Insureds
coverage under a property policy by an
endorsement?
Under the automobile assigned risk plan Up to 100,000$
how much coverage must be provided to
the insured for liability arising out of the
death of two persons caused by a single
auto accident?
An insured relocated to another state for Unoccupied
work. However, she still owns and insures a
house in this state, but has had no one living
in it for 3 months. She is also storing some of
furniture and clothes in the house. From an
insurance standpoint, the insured's house is
considered
If the insured owns a watch valued at Scheduled personal property endorsement
$10,000, full coverage can be provided on a
homeowners policy by purchasing the
Which of the following statements is not true It provides errors and ommissions coverage for an agency
regarding a personal umbrella liability
policy?
What is not part of the policy structure? provisions
Under the personal auto policy, liability for Provided by the insureds policy on an excess basis
bodily injury resulting from the insureds use
of a nonowned automobile is
What is not true regarding physical damage Its not true that the limit of liability is the greater of the actual cash value of the vehicle
coverage? at the time of loss or the amount necessary to repair or replace the vehicle.
New York Personal Lines Final Exam
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