New york adjuster terms - Study guides, Class notes & Summaries

NY Life, Accident, and Health Insurance Agent/Broker Exam Series 17-55| 200 QUESTIONS| ANSWERS GRADED A NY Life, Accident, and Health Insurance Agent/Broker Exam Series 17-55| 200 QUESTIONS| ANSWERS GRADED A Process 2103 (d-i) 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 s...

New York Adjuster Exam Q&A Correctly Answered 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-reside...

XCEL - NY Life, Accident, & Health Laws Latest Update Rated A Superintendent of Insurance The head of the Department of Insurance. Appointed by the Governor for a 4-year term. Examination of Records The Superintendent may conduct a financial examination of any insurance company as often as deemed appropriate. 6 years How long must an insurer must maintain required records for? Cease and Desist Order A person who is charged with engaging in an unfair method of competition or committing an unf...

NY Life, Accident, and Health Insurance Agent/Broker Exam Series 17-55| 200 QUESTIONS| ANSWERS GRADED A Process 2103 (d-i) 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 sub-licensee must be 18 years of age or older at the time of issuance of such lic...

New York auto exam 17-66 Comprehensive Exam Latest Medical coverage under a personal auto policy will cover the insured if he/she is injured while: - Passenger on a bus. EXPLANATION: Personal auto medical coverage is available to the policyholder or a family member (resident relative) injured while occupying, or as a pedestrian, struck by a motor vehicle or trailer designed for use on public roads. It also covers any other persons while they are occupying your motor vehicle. It does not c...

NY Life, Accident, and Health Insurance Agent/Broker Exam Series 17-55 Already Passed Process 2103 (d-i) 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 sub-licensee must be 18 years of age or older at the time of issuance of such license. The person must su...

Process 2103 (d-i) - 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 sub-licensee must be 18 years of age or older at the time of issuance of such license. The person must submit to and pass a written examination required by the Superintendent. Produce...

Jim Smith is involved in a collision claim and is no longer able to use the vehicle to go to work. This "loss of use" is referred to as a: Direct loss Indirect loss Loss evaluation Consequential loss - ANSWER-Consequential loss When the rear of the vehicle is damaged and there is a gap between the trunk lid and the quarter panel, what else on the vehicle should the appraiser check? The center pillar The trunk floor The quarter panels The frame rails - ANSWER-The frame rail...

NY LIFE, ACCIDENT, AND HEALTH INSURANCE AGENT (BROKER) EXAM SERIES 17-55 Process 2103 (d-i) - answer1. 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 sub-licensee must be 18 years of age or older at the time of issuance of such license. The person must ...

NY Life, Accident, and Health Insurance Agent/Broker Exam Series 17-55 Already Passed Process 2103 (d-i) 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 sub-licensee must be 18 years of age or older at the time of issuance of such license. The person must submit...