New York Adjuster EXAM comprehensive
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Terms in this set (48)
Offering any return of I. Illegal Inducement
premium, valuable II. Rebating
consideration or
inducement when
purchasing an insurance
policy is an example of:
Under a watercraft or Actual cash value
yacht policy how claims
are settled:
Not until the insured has complied with all policy
When may an insured sue
provisions and within the time limit specified in the
an insurance company?
state laws
Someone licensed in their state and obtains a license
What is the definition of a
in another state to solicit insurance business in that
non-resident agent?
state. is correct.
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, 10/14/25, 5:40 AM New York Adjuster EXAM comprehensive questions and verified answers| FREQUENTLY MOST TESTED QUESTIONS AND VER…
The court awards a The correct answer is: $345,000.
judgment against the Explanation:
insured for $300,000 plus The $10,000 of accrued pre judgment interest and the
$10,000 of accrued $35,000 cost of the defense are all payable as
interest and the legal fees additional coverage on the policy. These amounts
amount to an additional have no affect on the limit of liability available in a
$35,000. Our insured has a judgment against the insured. So the entire amount of
$300,000 liability limit on $345,000 is payable in this case.
the policy. How much will
be paid by the policy?
The correct answer is: $25,000 per person, $50,000
per accident. .
The minimum coverage
Explanation:
required in New York for
New York state law established the minimum
uninsured motorists bodily
coverage limits of $25,000 per person, $50,000 per
injury is:
accident and up to $50,000 per person, and $100,000
per accident for death.
If an insured wishes to Purchase the Mobile Home Transportation Coverage
cover the mobile home Endorsement on the homeowner policy
while it is being
transported from one
location to another would:
The workers National Council on Compensation Insurance (NCCI)
compensation policy
language is written by the:
When a homeowners A large loss has occurred
policy has been in effect
for 60 days in New York,
an insurer can cancel at
anytime for any of the
following reasons,
EXCEPT:
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