ESTUDY
NY INSURANCE ADJUSTER EXAM STUDY
MATERIALS QUESTION AND ANSWERS (VERIFIED
ANSWERS)
1. **Under the farm forms, what is the maximum amount payable for a loss to a satellite dish?**
- A) $500
- B) $1,000
- C) $1,500
- D) $2,000
**ANSWER:** B) $1,000
2. **The State Insurance Fund provides workers compensation coverage for which of the following?**
- A) Only employers unable to obtain coverage
- B) Only employers purchasing coverage in the competitive market
- C) Both employers unable to obtain coverage and those purchasing coverage in the competitive
market
- D) None of the above
**ANSWER:** C) Both employers unable to obtain coverage and those purchasing coverage in the
competitive market
3. **Part I of the Workers Compensation Employer Liability Insurance Policy describes:**
- A) The insurer's duty to pay promptly, when due, the benefits required of the employer by the
workers compensation statute
, ESTUDY
- B) Coverage for property damage
- C) Limits of liability
- D) Exclusions from coverage
**ANSWER:** A) The insurer's duty to pay promptly, when due, the benefits required of the employer
by the workers compensation statute
4. **Vision care insurance policies most often cover:**
- A) Eye exams only
- B) Contact lenses only
- C) The cost of lenses and frames
- D) Lasik surgery
**ANSWER:** C) The cost of lenses and frames
5. **John Smith has just made his last car payment. The finance company repossesses the car. If Mr.
Smith sues, the court will allow him to retake possession of the car if he provides:**
- A) A deposit
- B) A replevin bond
- C) Proof of payment
- D) A performance bond
**ANSWER:** B) A replevin bond
6. **What is the purpose of the "other insurance clause"?**
- A) To reduce premiums
NY INSURANCE ADJUSTER EXAM STUDY
MATERIALS QUESTION AND ANSWERS (VERIFIED
ANSWERS)
1. **Under the farm forms, what is the maximum amount payable for a loss to a satellite dish?**
- A) $500
- B) $1,000
- C) $1,500
- D) $2,000
**ANSWER:** B) $1,000
2. **The State Insurance Fund provides workers compensation coverage for which of the following?**
- A) Only employers unable to obtain coverage
- B) Only employers purchasing coverage in the competitive market
- C) Both employers unable to obtain coverage and those purchasing coverage in the competitive
market
- D) None of the above
**ANSWER:** C) Both employers unable to obtain coverage and those purchasing coverage in the
competitive market
3. **Part I of the Workers Compensation Employer Liability Insurance Policy describes:**
- A) The insurer's duty to pay promptly, when due, the benefits required of the employer by the
workers compensation statute
, ESTUDY
- B) Coverage for property damage
- C) Limits of liability
- D) Exclusions from coverage
**ANSWER:** A) The insurer's duty to pay promptly, when due, the benefits required of the employer
by the workers compensation statute
4. **Vision care insurance policies most often cover:**
- A) Eye exams only
- B) Contact lenses only
- C) The cost of lenses and frames
- D) Lasik surgery
**ANSWER:** C) The cost of lenses and frames
5. **John Smith has just made his last car payment. The finance company repossesses the car. If Mr.
Smith sues, the court will allow him to retake possession of the car if he provides:**
- A) A deposit
- B) A replevin bond
- C) Proof of payment
- D) A performance bond
**ANSWER:** B) A replevin bond
6. **What is the purpose of the "other insurance clause"?**
- A) To reduce premiums
