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New York Adjuster Exam Questions and
Answers (100% Correct Answers) Already
Graded A+
Offering any return of premium, valuable consideration or
inducement when purchasing an insurance policy is an example
of: [ANS:] I. Illegal Inducement
II. Rebating
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Under a watercraft or yacht policy how claims are settled: [ANS:]
Actual cash value
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When may an insured sue an insurance company? [ANS:] Not until
the insured has complied with all policy provisions and within the
time limit specified in the state laws
What is the definition of a non-resident agent? [ANS:] Someone
licensed in their state and obtains a license in another state to
solicit insurance business in that state. is correct.
The court awards a judgment against the insured for $300,000 plus
$10,000 of accrued interest and the legal fees amount to an
additional $35,000. Our insured has a $300,000 liability limit on the
policy. How much will be paid by the policy? [ANS:] The correct
answer is: $345,000.
Explanation:
The $10,000 of accrued pre judgment interest and the $35,000
cost of the defense are all payable as additional coverage on the
policy. These amounts have no affect on the limit of liability
, 2
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available in a judgment against the insured. So the entire amount
of $345,000 is payable in this case.
The minimum coverage required in New York for uninsured
motorists bodily injury is: [ANS:] The correct answer is: $25,000 per
person, $50,000 per accident. .
Explanation:
New York state law established the minimum coverage limits of
$25,000 per person, $50,000 per accident and up to $50,000 per
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person, and $100,000 per accident for death.
If an insured wishes to cover the mobile home while it is being
transported from one location to another would: [ANS:] Purchase
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the Mobile Home Transportation Coverage Endorsement on the
homeowner policy
The workers compensation policy language is written by the:
[ANS:] National Council on Compensation Insurance (NCCI)
When a homeowners policy has been in effect for 60 days in New
York, an insurer can cancel at anytime for any of the following
reasons, EXCEPT: [ANS:] A large loss has occurred
Under the underinsured motorist limit, how much will be paid on a
claim providing the insured can prove his or her claim for
damages? [ANS:] The difference between the negligent driver's
coverage and the insured's underinsured motorist coverage
Who signs the declarations page on most property and casualty
policies? [ANS:] An Authorized Representative of the Insurer
Which of the following commercial crime insuring agreements
would cover theft of currency? [ANS:] Employee Theft.
For Expert help and assignment solutions, +254707240657
New York Adjuster Exam Questions and
Answers (100% Correct Answers) Already
Graded A+
Offering any return of premium, valuable consideration or
inducement when purchasing an insurance policy is an example
of: [ANS:] I. Illegal Inducement
II. Rebating
© 2025 Assignment Expert
Under a watercraft or yacht policy how claims are settled: [ANS:]
Actual cash value
Guru01 - Stuvia
When may an insured sue an insurance company? [ANS:] Not until
the insured has complied with all policy provisions and within the
time limit specified in the state laws
What is the definition of a non-resident agent? [ANS:] Someone
licensed in their state and obtains a license in another state to
solicit insurance business in that state. is correct.
The court awards a judgment against the insured for $300,000 plus
$10,000 of accrued interest and the legal fees amount to an
additional $35,000. Our insured has a $300,000 liability limit on the
policy. How much will be paid by the policy? [ANS:] The correct
answer is: $345,000.
Explanation:
The $10,000 of accrued pre judgment interest and the $35,000
cost of the defense are all payable as additional coverage on the
policy. These amounts have no affect on the limit of liability
, 2
For Expert help and assignment solutions, +254707240657
available in a judgment against the insured. So the entire amount
of $345,000 is payable in this case.
The minimum coverage required in New York for uninsured
motorists bodily injury is: [ANS:] The correct answer is: $25,000 per
person, $50,000 per accident. .
Explanation:
New York state law established the minimum coverage limits of
$25,000 per person, $50,000 per accident and up to $50,000 per
© 2025 Assignment Expert
person, and $100,000 per accident for death.
If an insured wishes to cover the mobile home while it is being
transported from one location to another would: [ANS:] Purchase
Guru01 - Stuvia
the Mobile Home Transportation Coverage Endorsement on the
homeowner policy
The workers compensation policy language is written by the:
[ANS:] National Council on Compensation Insurance (NCCI)
When a homeowners policy has been in effect for 60 days in New
York, an insurer can cancel at anytime for any of the following
reasons, EXCEPT: [ANS:] A large loss has occurred
Under the underinsured motorist limit, how much will be paid on a
claim providing the insured can prove his or her claim for
damages? [ANS:] The difference between the negligent driver's
coverage and the insured's underinsured motorist coverage
Who signs the declarations page on most property and casualty
policies? [ANS:] An Authorized Representative of the Insurer
Which of the following commercial crime insuring agreements
would cover theft of currency? [ANS:] Employee Theft.
