Ny adjuster - Study guides, Class notes & Summaries

NY Independent General Adjuster Exam - Series 17-70 Questions and Answers Graded A+ 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? Neglect. To be eligible for the New York assigned risk auto plan a person must: Hold a valid driver's license. A...

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 ...

NY ADJUSTER TEST LATEST (QUESTIONS & ANSWERS) GRADED A+

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 licensed ...

Dram Shop Liability refers to: ANSWER: 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? ANSWER: Neglect. To be eligible for the New York assigned risk auto plan a person must: ANSWER: Hold a valid driver's license. Any insurance adjuster whose license has been revoked for cause...

NY Life, Accident, and Health Insurance Agent/Broker Exam Series 17-55 actual exam Process 2103 (d-i) - CORRECT ANSWER-1. The Superintendent may issue a license to any person, firm or corporation who has complied with the requirements of the Insurance Code, authorizing the licensee to act as agent of any authorized insurer. Every individual applicant for a license under this section and every proposed sublicensee must be 18 years of age or older at the time of issuance of such licens...

MAINE PROPERTY &CASUALTY ADJUSTER EXAM PREP QUESTIONS WITH COMPLETE SOLUTIONS 2024 What is the interest rate for claims not paid and over 30 days? 1 ½ % per month A CEO is piloting a rented aircraft and injures someone. What kind of coverage is this covered under? Non-owned aircraft coverage How are wages computed for workers compensation? 2/3 of average after take weekly wages A company sells costume jewelry ranging in price from $1.00 to $5.00 and has had $10,000.00 in jewelry sto...

NY Adjuster prep questions and Answers 100% Correct 2024

Which of the following is one of the objectives of the Terrorism Risk Insurance Act of 2002? correct answersIt 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 EXCEPT correct answersPolicy exclusions. Which is the thing of value exchanged for the performance promised in the insurance contract? correct answersConsideration Which party is required to provide proof of loss to establish entit...

NY ADJUSTER PRACTICE EXAM