Auto insurance nys - Study guides, Class notes & Summaries

NY State Vehicle Financial Responsiblity Law - 1. All vehicles except for emergency vehicles must carry liability insurance. Insurance satisfies the states requirement that auto owners have enough funds to pay for losses that they are legally liable for. 2. Proof of coverage must be carried. *Must include name and address of provider 3. Both the owner and the driver are legally liable for accidents. 4. The vehicle owners insurance is PRIMARY and will indemnify both the owner of the vehicle...

Auto Insurance NYS with correct answers

Auto Insurance NYS Quiz 3 with Answers latest 2023.

NY State Vehicle Financial Responsiblity Law - 1. All vehicles except for emergency vehicles must carry liability insurance. Insurance satisfies the states requirement that auto owners have enough funds to pay for losses that they are legally liable for. 2. Proof of coverage must be carried. *Must include name and address of provider 3. Both the owner and the driver are legally liable for accidents. 4. The vehicle owners insurance is PRIMARY and will indemnify both the owner of the vehicle...

Auto Insurance NYS, Questions with accurate answers. Graded A. 2023/2024 Document Content and Description Below Auto Insurance NYS, Questions with accurate answers. Graded A. 2023/2024 NY State Vehicle Financial Responsiblity Law - 1. All vehicles except for emergency vehicles must carry liability in surance. Insurance satisfies the states requirement that auto owners have enough funds to pay for losses that they are legally liable for. 2. Proof of coverage must be carried. *Must include name ...

The NYS School of Industrial and Labor Relations - ANSWER-All parties that have settled a workers' compensation claim in NY under the Alternative Dispute Resolution Program must respond to data collection requests of the: 180 Days - ANSWER-A person who is qualified to receive benefits from the Motor Vehicle Accident Indemnification Corp. and are injured by an owner of a vehicle that can be identified, can file a claim within how many days? $50,000. - ANSWER-the limit for medical/rehabilit...

New York Adjuster Exam Questions and Answers Already Passed Offering any return of premium, valuable consideration or inducement when purchasing an insurance policy is an example of: I. Illegal Inducement II. Rebating Under a watercraft or yacht policy how claims are settled: Actual cash value When may an insured sue an insurance company? Not until the insured has complied with all policy provisions and within the time limit specified in the state laws What is the definition of a non-residen...

NYS Property and Casualty - Auto Insurance questions and answers 100% verified. personal auto policy - correct owners of private passenger vehicles, physical damage insurance on the car and liability insurance for claims from use of the auto other than collision - correct s losses caused by missiles or falling objects, fire, theft, explosion/earthquake, windstorm, hail, water, flood, VMM, riot or civil commotion, contact with birds/animals, breakage of glass supplemen...

NYS License Exam Study Guide with Complete Solutions Declarations Page - ANSWER-has first named insured Aleatory in nature refers to: - ANSWER-Unequal exchange by two parties First aid costs for others injured on the insured's premises - ANSWER-Are paid in addition to the liability limit. Which of the following actions would be considered an offer? - ANSWER-An applicant submitting the application A homeowner lives in a 150-year-old adobe building that is on the National Register of Hi...

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...