New York Insurance Exam
Questions and Answers 100%
PASS
information about the premium and policy limites, the identity and address of the named
insured, and the policy period is found in which part of the insurance policy?—ANSWER--
Declaration page
if an insured intentioanlly conceals a material fact on an application for insurance, the
coverage may be:—ANSWER--voided
anyone who threatens, forces or corruptly influences, obstructs or impedes the due and
proper administration of the fraud law relating to the insurance business may be fined
and/or imprisoned up to:—ANSWER--10 years
Situation question:
Kelly would like to obtain an independent adjuster license in New York, However, she has
been convicted of a felony involving dishonesty or breach of trust. Which is not required for
the superintendent to grant the waiver?—ANSWER--evidence must be submitted to show
the restitution was made to people of the state of new york for the felony in which kelly was
convicted
definition of concurrent causation—ANSWER--two or more perils that cause a single loss
, under the terrorism risk insurance program reauthorization act of 2015, the maximum limit
for the Act for total claims paid under the Act by either private insurers or the government is
still limited to:—ANSWER--$100 billion
an insured has her property covered under an "open peril" cause of loss form, She
experiences a loss. The burden of proof that the peril that was the actual cause of loss in the
claim, lies within:—ANSWER--the insurance company
in new york, the insurer is required to provide claim forms to the insured within _____ of
being notified of the loss—ANSWER--15 days
the mandatory recoupment of the federal share through policy holder surcharges under
terrorism risk insurance program reauthorization act of 2015 was increased from 133% to—
ANSWER--140%
the terrorism risk ask of 2015 excludes all acts of terrorism if the act is committed as part of
the course of a war declared by congress with the exception of one line of insurance. Which
of the following is the only line of the insurance that would still be covered in case of war?—
ANSWER--workers compensation
the terrorism act of 2015 excludes all except:—ANSWER--commercial property
all of the following are claim practice principles (ethical principles) to be followed by all
insurers in New York, except:—ANSWER--the new york adjuster should demand verification
of facts, even if the facts presented by the claimant are reasonably clear, just to be sure the
insurer does not pay a claim for which they are not responsible.
describe a representation in an insurance application—ANSWER--a statement made by the
applicant that he believes to be true when made, but which might prove to be false
© 2026 Copyright. All Rights Reserved. This document is
protected by copyright law, Copyrighted By Brittie Donald
Questions and Answers 100%
PASS
information about the premium and policy limites, the identity and address of the named
insured, and the policy period is found in which part of the insurance policy?—ANSWER--
Declaration page
if an insured intentioanlly conceals a material fact on an application for insurance, the
coverage may be:—ANSWER--voided
anyone who threatens, forces or corruptly influences, obstructs or impedes the due and
proper administration of the fraud law relating to the insurance business may be fined
and/or imprisoned up to:—ANSWER--10 years
Situation question:
Kelly would like to obtain an independent adjuster license in New York, However, she has
been convicted of a felony involving dishonesty or breach of trust. Which is not required for
the superintendent to grant the waiver?—ANSWER--evidence must be submitted to show
the restitution was made to people of the state of new york for the felony in which kelly was
convicted
definition of concurrent causation—ANSWER--two or more perils that cause a single loss
, under the terrorism risk insurance program reauthorization act of 2015, the maximum limit
for the Act for total claims paid under the Act by either private insurers or the government is
still limited to:—ANSWER--$100 billion
an insured has her property covered under an "open peril" cause of loss form, She
experiences a loss. The burden of proof that the peril that was the actual cause of loss in the
claim, lies within:—ANSWER--the insurance company
in new york, the insurer is required to provide claim forms to the insured within _____ of
being notified of the loss—ANSWER--15 days
the mandatory recoupment of the federal share through policy holder surcharges under
terrorism risk insurance program reauthorization act of 2015 was increased from 133% to—
ANSWER--140%
the terrorism risk ask of 2015 excludes all acts of terrorism if the act is committed as part of
the course of a war declared by congress with the exception of one line of insurance. Which
of the following is the only line of the insurance that would still be covered in case of war?—
ANSWER--workers compensation
the terrorism act of 2015 excludes all except:—ANSWER--commercial property
all of the following are claim practice principles (ethical principles) to be followed by all
insurers in New York, except:—ANSWER--the new york adjuster should demand verification
of facts, even if the facts presented by the claimant are reasonably clear, just to be sure the
insurer does not pay a claim for which they are not responsible.
describe a representation in an insurance application—ANSWER--a statement made by the
applicant that he believes to be true when made, but which might prove to be false
© 2026 Copyright. All Rights Reserved. This document is
protected by copyright law, Copyrighted By Brittie Donald
