Ny adjuster - Study guides, Class notes & Summaries

NY ADJUSTER FIRE EXAM WITH ACCURATE AND VERIFIED SOLUTIONS.

Which of the following is one of the objectives of the Terrorism Risk Insurance Act of 2002?Answer - It limits the exposure of individual insurers and the insurance industry as a whole All of the following are used by the courts to establish negligence EXCEPTAnswer - Policy exclusions. Which is the thing of value exchanged for the performance promised in the insurance contract?Answer - Consideration Which party is required to provide proof of loss to establish entitlement?Answer - The i...

NY ADJUSTER PRACTICE EXAM QUESTIONS

NEW YORK ADJUSTER EXAM 2024 ACTUAL WITH 300 REAL EXAM QUESTIONS AND CORRECT ANSWERS (100% CORRECT VERIFIED ANSWERS) NY ADJUSTER EXAM (BRAND NEW!!) 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 Superintend...

Which of the following is one of the objectives of the Terrorism Risk Insurance Act of 2002?Answer - It limits the exposure of individual insurers and the insurance industry as a whole All of the following are used by the courts to establish negligence EXCEPTAnswer - Policy exclusions. Which is the thing of value exchanged for the performance promised in the insurance contract?Answer - Consideration Which party is required to provide proof of loss to establish entitlement?Answer - The i...

Protect the property from further loss - Answer- Which of the following is an obligation of the insured involving a covered property insurance loss? 10 years. - Answer- A New York adjuster commits an act of insurance fraud addressed by the Federal Insurance Fraud Act. The fraud does not affect the financial stability of the company. What is the maximum time the adjuster may be confined to prison? $50,000. - Answer- If the New York Superintendent levies five civil penalties against a licens...

NY ADJUSTER PRACTICE EXAM with Correct Solutions 2024 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 - Answer -c. indemnify the insured 2. The Other Insurance Clause: a. prohibits other insurance on the same property b. upholds the principle of indemnity c. allows coverage for catastrophic losses d. allows more than one person to be insured under the policy - Answer -b. upholds the ...

FINAL: NY ADJUSTER PRACTICE EXAM QUESTIONS

NY Independent General Adjuster Exam - Series 17-70 (+180 Questions and Answers |Guarantee Pass Dram Shop Liability refers to: {{Correct Ans- 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? {{Correct Ans- Neglect. To be eligible for the New York assigned risk auto plan a person mus...

Protect the property from further loss Correct Answer Which of the following is an obligation of the insured involving a covered property insurance loss? 10 years. Correct Answer A New York adjuster commits an act of insurance fraud addressed by the Federal Insurance Fraud Act. The fraud does not affect the financial stability of the company. What is the maximum time the adjuster may be confined to prison? $50,000. Correct Answer If the New York Superintendent levies five civil penalties a...