Ny adjuster fire Study guides, Class notes & Summaries

NY Adjuster Practice Exam Q&A Latest 2024 What is common law based on? - court decisions and customs Joanne sells her house to her sister, Dianne. To save Dianne the trouble of finding her own homeowners policy, Joanne calls her insurance company and tells them that Dianne bought her house and any future claims settlements should be paid to Dianne. Joanne's insurer tells her they can't do that because of what condition? - Assignment What is the best definition of "insured"? - Indivi...

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 Independent General Adjuster Exam - Series 17-70 with Absolute Solution 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. Any ins...

NY Independent General Adjuster Exam Test Questions and Answers 2023 (Already Graded A) The Superintendent of Insurance may approve the employment, appointment or participation of any person whose license has been revoked. Karen Jones had her license revoked and filed an application for relicensing and has waited over 120 days without a response from the Insurance Department. What should or can she do? Assume the relicensing is approved. Mr. Vickers was in a hurry to catch a plane. He parks ...

NY Independent General Adjuster Exam 2023 | Questions and Answers 100% Correct) Graded A+. The listing of the perils covered is found in which part of a homeowner policy? Insuring Agreement. If a dog owned by a customer is injured in the parking lot of a store, is that considered bodily injury under liability coverage? No. The dog is property and would be consider property damage. The Superintendent of Insurance may approve the employment, appointment or participation of any person whose ...

NY General Adjuster test Questions with Correct Answers Latest All of the following are eligible for group long term care insurance, EXCEPT: Answer Choices: Select the Correct Answer A group formed as a cooperative to buy insurance at a discount. One or more employer or labor organizations for the benefit of the employees. Any professional, trade or occupational association for the benefit of their bona fide members or retirees. A trust established or maintained for the benefi...

NY General Adjuster test (+100 Questions and Answers |100% Pass All of the following are eligible for group long term care insurance, EXCEPT: o A group formed as a cooperative to buy insurance at a discount. o One or more employer or labor organizations for the benefit of the employees. o Any professional, trade or occupational association for the benefit of their bona fide members or retirees. o A trust established or maintained for the benefit of members of a qualifying associa...

In property insurance, the term "property in transit" refers to which one of the following? - Answer-C. Property while being transported by trucks, cars, buses, trains, airplanes, and ships Extra expenses are expenses, in addition to ordinary expenses, that an organization incurs to mitigate the effects of a business interruption. Which one of the following is an example of an extra expense? - Answer-B. Cost to rent temporary office space Radley Contracting Company is installing new sig...

NYS P&C, Top Questions and answers, 100% Accurate, rated A+ Rebate - -The giving or offering of some benefit other than those specified in the policy such as cash, securities, etc. to induce the customer to buy insurance. In addition to other penalties, illegal rebating is subject to a fine of up to $500 per violation. ISO - -Insurance Services Office - one of the largest bureaus which carries in depth information on the physical characteristics of buildings in many areas. Domestic In...