New York Adjuster Exam Questions and Answers
The insured has moved into a dwelling that was being build and was covered by the "Dwelling Under
Construction" endorsement. How long does the insured have to report his / her occupancy to the
insurance company? - Ans:-30 days
When a New York Homeown...
Traditionally, the most common type of crop insurance sold prior to the creation of the Multi-Peril Crop
Insurance Program was: - Ans:✔✔-Coverage for hail damage.
An adjuster's report that contains all the facts, evidence and disposition of the claim and is considered to
be the final report is known as the: - Ans:✔✔-Full report.
The New York Superintendent of Insurance may refuse to renew, suspend or revoke a license as a result
of which of the following?
I. A violation of any provision of the New York Insurance Code.
II. A licensee making a material misstatement in application for license.
III. A licensee being found guilty of fraud or dishonest practices. - Ans:✔✔-I, II and III
No insurer may issue checks or drafts or partial settlement of a loss or claim that is still being negotiated
that: - Ans:✔✔-Releases the insurer from additional liability.
The insured owns a two family dwelling and is covered under a Homeowner policy. One of the units is
rented. The insured also maintains a small incidental business in the structure. In case of a covered loss,
which of the following would NOT be paid under Coverage D - Loss of Use? - Ans:✔✔-Loss of income
from the incidental business.
The adjuster bond required in New York is payable to: - Ans:✔✔-The state of New York.
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