NY Personal Lines Insurance Practice Examination - 2026 (Questions +
Answers) with verified Answers (Latest Update 2026) UPDATE!! Compliance
Tips & How to Pass Fast
1. All of the following are correct for excess lines carriers they offer better contracts at
EXCEPT lower rates.
2. Which of the following is one of the ways the It establishes which insur-
Gramm-Leach Bliley Act affects the insurance indus- ance products banks and
try? bank subsidiaries may pro-
vide as principal.
3. Which of the following is one of the objectives of the It limits the exposure of in-
Terrorism Risk Insurance Act of 2002? dividual insurers and the in-
surance industry as a whole.
4. Which of the following ways did the Violent Crime It prohibited anyone in in-
Control and Law Enforcement Act expand federal surance convicted on a state
laws? or federal felony involving
dishonesty or breach of trust
without a consent waiver
from the Commissioner.
5. What does the abandonment condition state? It prevents the insured from
abandoning property before
being reimbursed.
6. The following is true regarding deductibles EXCEPT the benefit can exceed the
policy limitations when the
deductible is paid.
7. All of the following elements are necessary for an in- the contract must be signed
surance contract to be valid and enforceable EXCEPT and notarized to be valid.
8. definitions
1/6
, NY Personal Lines Insurance Practice Examination - 2026 (Questions +
Answers) with verified Answers (Latest Update 2026) UPDATE!! Compliance
Tips & How to Pass Fast
The description of the insured will be found in which
part of an insurance policy?
9. Which of the following does Homeowners Special structures other than the
form (HO-3) cover that Homeowners Broad form dwelling
(HO-2) does not?
10. Which of the following is the special limit of coverage $1,500
on the homeowners policy form for property damage
to personal watercraft?
11. Which of the following would be covered perils under riot or civil commotion
the DP-1 Basic policy form?
12. All of the following are TRUE for the hired auto liabil- the endorsement is available
ity policy EXCEPT with other commercial auto
insurance.
13. All the following are TRUE regarding assigned risk the insurer participation in
plans EXCEPT the assigned risk program is
mandatory.
14. In accordance with the Fair Credit Reporting Act, in They must be informed in
what way must a consumer be informed that an in- writing before or soon after
vestigative report has been ordered by an insurer? the report has been ordered
and be allowed more infor-
mation upon written request
about the report.
15. All of the following are TRUE of the emergency type of the insured may buy limited
flood insurance under the National Flood Insurance amounts of flood insurance
Program EXCEPT
2/6
Answers) with verified Answers (Latest Update 2026) UPDATE!! Compliance
Tips & How to Pass Fast
1. All of the following are correct for excess lines carriers they offer better contracts at
EXCEPT lower rates.
2. Which of the following is one of the ways the It establishes which insur-
Gramm-Leach Bliley Act affects the insurance indus- ance products banks and
try? bank subsidiaries may pro-
vide as principal.
3. Which of the following is one of the objectives of the It limits the exposure of in-
Terrorism Risk Insurance Act of 2002? dividual insurers and the in-
surance industry as a whole.
4. Which of the following ways did the Violent Crime It prohibited anyone in in-
Control and Law Enforcement Act expand federal surance convicted on a state
laws? or federal felony involving
dishonesty or breach of trust
without a consent waiver
from the Commissioner.
5. What does the abandonment condition state? It prevents the insured from
abandoning property before
being reimbursed.
6. The following is true regarding deductibles EXCEPT the benefit can exceed the
policy limitations when the
deductible is paid.
7. All of the following elements are necessary for an in- the contract must be signed
surance contract to be valid and enforceable EXCEPT and notarized to be valid.
8. definitions
1/6
, NY Personal Lines Insurance Practice Examination - 2026 (Questions +
Answers) with verified Answers (Latest Update 2026) UPDATE!! Compliance
Tips & How to Pass Fast
The description of the insured will be found in which
part of an insurance policy?
9. Which of the following does Homeowners Special structures other than the
form (HO-3) cover that Homeowners Broad form dwelling
(HO-2) does not?
10. Which of the following is the special limit of coverage $1,500
on the homeowners policy form for property damage
to personal watercraft?
11. Which of the following would be covered perils under riot or civil commotion
the DP-1 Basic policy form?
12. All of the following are TRUE for the hired auto liabil- the endorsement is available
ity policy EXCEPT with other commercial auto
insurance.
13. All the following are TRUE regarding assigned risk the insurer participation in
plans EXCEPT the assigned risk program is
mandatory.
14. In accordance with the Fair Credit Reporting Act, in They must be informed in
what way must a consumer be informed that an in- writing before or soon after
vestigative report has been ordered by an insurer? the report has been ordered
and be allowed more infor-
mation upon written request
about the report.
15. All of the following are TRUE of the emergency type of the insured may buy limited
flood insurance under the National Flood Insurance amounts of flood insurance
Program EXCEPT
2/6
