Pg. 1
NEW YORK LICENSE EXAM 2025-2026. 290+
QUESTIONS & CORRECT VERIFIED ANSWERS.
GRADED A+
30 days - CORRECT ANSWER -
DP-3 - CORRECT ANSWER - The most comprehensive coverage proficed by the
Dwelling Property program is found in the
Adjusted Gross Income - CORRECT ANSWER - Which type of Crop Insurance
Policy insures fthe entire acreage rather than an individual crop
The loss of the truck plus the extra tires and hubcaps would be considered in this
claim These total $19,050 less than the deductible of $250 equals $18,800 -
CORRECT ANSWER - Mr. York had his pickup stolen while it was parked in a
"no parking" zone outside his office. The value of the truck is $18,500. In addition,
tools valued at $200, extra tires and hubcaps for the truck valued at $550 and a tarp
worth $50 were in the truck. Mr York has a collision deductible of $500 and a
comprehensive deductible of $250. The insurance company will pay what amount
$500 - CORRECT ANSWER - The unfair claim settlement laws and regulations in
New York provide that a violation in each instance will be treated as a separate
violation. A fine in the amount of____will be imposed against the insurance
company for each violation
The automatic increase endorsement - CORRECT ANSWER - What endorsement
may be used on the dwelling policy to keep values current with the replacement
cost of the buildings
, Pg. 2
The policy will pay the loss less the deductible. Cov B applies to any part of the
world - CORRECT ANSWER - An insured's wife is wearing a diamond ring while
on vacation in Europe. The ring valued at $1500 is stolen. What coverage would
apply under the Homeowner Policy
$100 billion - CORRECT ANSWER - Under the Tria Act (known as TRIEA-
terrorism risk insurance extension act of 2015) the maximum limit for the Act for
total claims under the ACT by either private insurers or the government is still
limited to
Settle all partial losses to dwellings at replacement cost if insured 80% to value
both I and II - CORRECT ANSWER - Which of the following statements are
correct 1-unendorsed DP-2 and DP3 settle all losses to personal property at ACV.
II-unendorsed DP-2 and DP-3
No benefit to Bailee - CORRECT ANSWER - An insured's TV set is damaged
while at a repair shop. The interest of the repair shop is not covered because of
which of the following
Fire resultant water damage - CORRECT ANSWER - Which of the following
would be covered under the DP-1 dwelling form
5 yrs - CORRECT ANSWER - Insurers conducting business in New York must be
examined at least once every
At least 45 days advance notice of non-renewal must be sent to the insured -
CORRECT ANSWER - When an insurer intends to non-renew a homeowners
policy in New York
, Pg. 3
Poultry - CORRECT ANSWER - Under the farm policy, which of the following is
not considered livestock
Independent Adjuster - CORRECT ANSWER - A person, firm or corporation that,
for compensation, acts on behalf of an insurer in investigating and adjusting claims
arising under policies issued by an insurer and who performs any duties required
by the insurer that are incidental to those claims is known as a/an
Percentage of the maximum possible loss - CORRECT ANSWER - Crop insurance
policy limits are usually written as a
Send the claimant a reservation of rights letter - CORRECT ANSWER - There are
certain steps a claim representative takes in the evaluation of a liability claim.
Which of the following is NOT normally a first option
$2000 - CORRECT ANSWER - Under Coverage F- Unscheduled Farm Personal
Property, the most that will be paid for a "head" of livestock(an adult animal, one
year of age or older)
Assume the relicensing is approved - CORRECT ANSWER - The Superintendent
of Insurance may approved the employment, appointment or participation of any
person whose license has been revoked. Karen Jones had her license revoked and
filed an application for relicensing and has waited over 120 days without a
response from the Insurance Department.
The coverage could be denied - CORRECT ANSWER - If an insured fails to
comply with the immediate notice of claim requirement, which of the following
could happen
, Pg. 4
Actual Cash Value - CORRECT ANSWER - The general property flood coverage
form fro commercial property will settle claims on the basis of
Renters - CORRECT ANSWER - The H0-4 provides not coverage on the dwelling
and broad peril coverage on
DP-3 - CORRECT ANSWER - The most comprehensive coverage provided by the
Dwelling Property program is found in the
180 Days - CORRECT ANSWER - In case of a loss, how many days notice does
the insured have after notification of a claim to submit the claim to the
underwriters of the ocean marine coverage
The policy pays replacement only if the repairs are made within 24 month of the
incident - CORRECT ANSWER - The Equipment Breakdown Policy(formerly
called boiler and machinery) provides for replacement cost coverage in case of a
covered claim. Under what conditions would the insurer only pay ACV in case of a
loss
After a waiting period of 72 hours the policy would pay for loss of income of up to
3 weeks - CORRECT ANSWER - An insured is covered under the
Businessowner's Policy a fire has occurred to a business a block away and the civil
authorities have blocked off the stfree. The insured's customers cannot gain
entrance to his business location. What coverages would apply to the insured's loss
of income
$250,000 - CORRECT ANSWER - Mr. Owens owns 50% of a building that is
worth $600,000 and is insured for $500,000. What is the maximum that Mr. Owens
can collect in case of a total loss to the building
NEW YORK LICENSE EXAM 2025-2026. 290+
QUESTIONS & CORRECT VERIFIED ANSWERS.
GRADED A+
30 days - CORRECT ANSWER -
DP-3 - CORRECT ANSWER - The most comprehensive coverage proficed by the
Dwelling Property program is found in the
Adjusted Gross Income - CORRECT ANSWER - Which type of Crop Insurance
Policy insures fthe entire acreage rather than an individual crop
The loss of the truck plus the extra tires and hubcaps would be considered in this
claim These total $19,050 less than the deductible of $250 equals $18,800 -
CORRECT ANSWER - Mr. York had his pickup stolen while it was parked in a
"no parking" zone outside his office. The value of the truck is $18,500. In addition,
tools valued at $200, extra tires and hubcaps for the truck valued at $550 and a tarp
worth $50 were in the truck. Mr York has a collision deductible of $500 and a
comprehensive deductible of $250. The insurance company will pay what amount
$500 - CORRECT ANSWER - The unfair claim settlement laws and regulations in
New York provide that a violation in each instance will be treated as a separate
violation. A fine in the amount of____will be imposed against the insurance
company for each violation
The automatic increase endorsement - CORRECT ANSWER - What endorsement
may be used on the dwelling policy to keep values current with the replacement
cost of the buildings
, Pg. 2
The policy will pay the loss less the deductible. Cov B applies to any part of the
world - CORRECT ANSWER - An insured's wife is wearing a diamond ring while
on vacation in Europe. The ring valued at $1500 is stolen. What coverage would
apply under the Homeowner Policy
$100 billion - CORRECT ANSWER - Under the Tria Act (known as TRIEA-
terrorism risk insurance extension act of 2015) the maximum limit for the Act for
total claims under the ACT by either private insurers or the government is still
limited to
Settle all partial losses to dwellings at replacement cost if insured 80% to value
both I and II - CORRECT ANSWER - Which of the following statements are
correct 1-unendorsed DP-2 and DP3 settle all losses to personal property at ACV.
II-unendorsed DP-2 and DP-3
No benefit to Bailee - CORRECT ANSWER - An insured's TV set is damaged
while at a repair shop. The interest of the repair shop is not covered because of
which of the following
Fire resultant water damage - CORRECT ANSWER - Which of the following
would be covered under the DP-1 dwelling form
5 yrs - CORRECT ANSWER - Insurers conducting business in New York must be
examined at least once every
At least 45 days advance notice of non-renewal must be sent to the insured -
CORRECT ANSWER - When an insurer intends to non-renew a homeowners
policy in New York
, Pg. 3
Poultry - CORRECT ANSWER - Under the farm policy, which of the following is
not considered livestock
Independent Adjuster - CORRECT ANSWER - A person, firm or corporation that,
for compensation, acts on behalf of an insurer in investigating and adjusting claims
arising under policies issued by an insurer and who performs any duties required
by the insurer that are incidental to those claims is known as a/an
Percentage of the maximum possible loss - CORRECT ANSWER - Crop insurance
policy limits are usually written as a
Send the claimant a reservation of rights letter - CORRECT ANSWER - There are
certain steps a claim representative takes in the evaluation of a liability claim.
Which of the following is NOT normally a first option
$2000 - CORRECT ANSWER - Under Coverage F- Unscheduled Farm Personal
Property, the most that will be paid for a "head" of livestock(an adult animal, one
year of age or older)
Assume the relicensing is approved - CORRECT ANSWER - The Superintendent
of Insurance may approved the employment, appointment or participation of any
person whose license has been revoked. Karen Jones had her license revoked and
filed an application for relicensing and has waited over 120 days without a
response from the Insurance Department.
The coverage could be denied - CORRECT ANSWER - If an insured fails to
comply with the immediate notice of claim requirement, which of the following
could happen
, Pg. 4
Actual Cash Value - CORRECT ANSWER - The general property flood coverage
form fro commercial property will settle claims on the basis of
Renters - CORRECT ANSWER - The H0-4 provides not coverage on the dwelling
and broad peril coverage on
DP-3 - CORRECT ANSWER - The most comprehensive coverage provided by the
Dwelling Property program is found in the
180 Days - CORRECT ANSWER - In case of a loss, how many days notice does
the insured have after notification of a claim to submit the claim to the
underwriters of the ocean marine coverage
The policy pays replacement only if the repairs are made within 24 month of the
incident - CORRECT ANSWER - The Equipment Breakdown Policy(formerly
called boiler and machinery) provides for replacement cost coverage in case of a
covered claim. Under what conditions would the insurer only pay ACV in case of a
loss
After a waiting period of 72 hours the policy would pay for loss of income of up to
3 weeks - CORRECT ANSWER - An insured is covered under the
Businessowner's Policy a fire has occurred to a business a block away and the civil
authorities have blocked off the stfree. The insured's customers cannot gain
entrance to his business location. What coverages would apply to the insured's loss
of income
$250,000 - CORRECT ANSWER - Mr. Owens owns 50% of a building that is
worth $600,000 and is insured for $500,000. What is the maximum that Mr. Owens
can collect in case of a total loss to the building
