1
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New York Adjuster Exam Questions and
Answers (100% Correct Answers) Already
Graded A+
The insured has moved into a dwelling that was being build and
was covered by the "Dwelling Under Construction" endorsement.
How long does the insured have to report his / her occupancy to
the insurance company? [ANS:] 30 days
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When a New York Homeowners policy is still in the 60-day
underwriting period, the insurer may cancel it for any reason by
providing a ______ notice. [ANS:] 30 day
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Personal property that is covered under the Personal Property
Replacement Cost Endorsement is damaged and a claim has
been filed. The replacement cost of the property at the time of
the loss is $2,500. The full cost to repair the property is $2,000. The
Coverage C limit of the Homeowners policy is $8,000. No special
limits apply to this property and there is no limit applied to the type
of property being claimed. Which of the following is the amount
that will be paid under the endorsement? [ANS:] 2,000. The
endorsement will pay the smallest amount of the replacement
cost at the time of the loss, the full repair cost, the Coverage C
limit, any applicable special limits, or the limit that applies to the
type of property being claimed.
The mandatory recoupment of the federal share through
policyholder surcharges under Terrorism Risk Insurance Program
Reauthorization Act of 2015 was increased from 133% to [ANS:]
140%
, 2
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A Building and Personal Property Coverage form provides
coverage for all of the following types of property, EXCEPT: [ANS:]
Growing crops and lawns.
The insured sets a fire to his home and is found to be guilty of
arson. There is a lien on the burned property by a mortgage
company in the amount of $150,000. The property is insured for
$300,000 and is a total loss. The personal property of the insured,
covered separately by a Homeowners policy for $150,000, is also a
total loss. How will this claim most likely be paid? [ANS:] The
mortgagee is paid $150,000.
© 2025 Assignment Expert
The Terrorism Risk Insurance Act and all of its extensions and
reauthorizations is actually an agreement between: [ANS:]
Between the Federal Government and the insurance companies.
Guru01 - Stuvia
The first effort to provide insurance for land transportation risks
involved an extension of ocean marine coverage known as the:
[ANS:] "Warehouse to warehouse" clause.
Which of the following is not a duty of an insurer in case of a loss?
[ANS:] Separate the damaged property from the undamaged
property and protect the property from further loss
An insured owns a set of six drawing pens designed and used by
Benjamin Franklin. Each pen is worth $1,000 alone, but the set is
worth $12,000. One pen is destroyed by a covered peril. Under the
pair or set clause the insurance company will pay a maximum of
which of the following amounts? [ANS:] $7,000
Traditionally, the most common type of crop insurance sold prior
to the creation of the Multi-Peril Crop Insurance Program was:
[ANS:] Coverage for hail damage.
, 3
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An adjuster's report that contains all the facts, evidence and
disposition of the claim and is considered to be the final report is
known as the: [ANS:] Full report.
The New York Superintendent of Insurance may refuse to renew,
suspend or revoke a license as a result of which of the following?
I. A violation of any provision of the New York Insurance Code.
© 2025 Assignment Expert
II. A licensee making a material misstatement in application for
license.
III. A licensee being found guilty of fraud or dishonest practices.
Guru01 - Stuvia
[ANS:] I, II and III
No insurer may issue checks or drafts or partial settlement of a loss
or claim that is still being negotiated that: [ANS:] Releases the
insurer from additional liability.
The insured owns a two family dwelling and is covered under a
Homeowner policy. One of the units is rented. The insured also
maintains a small incidental business in the structure. In case of a
covered loss, which of the following would NOT be paid under
Coverage D - Loss of Use? [ANS:] Loss of income from the
incidental business.
The adjuster bond required in New York is payable to: [ANS:] The
state of New York.
An earthquake and landslide has occurred and soon after a
house insured on an unendorsed HO-3 is damaged by fire and
then an explosion. What would be covered in this scenario? [ANS:]
Only the resulting fire and explosion damage would be covered
For Expert help and assignment solutions, +254707240657
New York Adjuster Exam Questions and
Answers (100% Correct Answers) Already
Graded A+
The insured has moved into a dwelling that was being build and
was covered by the "Dwelling Under Construction" endorsement.
How long does the insured have to report his / her occupancy to
the insurance company? [ANS:] 30 days
© 2025 Assignment Expert
When a New York Homeowners policy is still in the 60-day
underwriting period, the insurer may cancel it for any reason by
providing a ______ notice. [ANS:] 30 day
Guru01 - Stuvia
Personal property that is covered under the Personal Property
Replacement Cost Endorsement is damaged and a claim has
been filed. The replacement cost of the property at the time of
the loss is $2,500. The full cost to repair the property is $2,000. The
Coverage C limit of the Homeowners policy is $8,000. No special
limits apply to this property and there is no limit applied to the type
of property being claimed. Which of the following is the amount
that will be paid under the endorsement? [ANS:] 2,000. The
endorsement will pay the smallest amount of the replacement
cost at the time of the loss, the full repair cost, the Coverage C
limit, any applicable special limits, or the limit that applies to the
type of property being claimed.
The mandatory recoupment of the federal share through
policyholder surcharges under Terrorism Risk Insurance Program
Reauthorization Act of 2015 was increased from 133% to [ANS:]
140%
, 2
For Expert help and assignment solutions, +254707240657
A Building and Personal Property Coverage form provides
coverage for all of the following types of property, EXCEPT: [ANS:]
Growing crops and lawns.
The insured sets a fire to his home and is found to be guilty of
arson. There is a lien on the burned property by a mortgage
company in the amount of $150,000. The property is insured for
$300,000 and is a total loss. The personal property of the insured,
covered separately by a Homeowners policy for $150,000, is also a
total loss. How will this claim most likely be paid? [ANS:] The
mortgagee is paid $150,000.
© 2025 Assignment Expert
The Terrorism Risk Insurance Act and all of its extensions and
reauthorizations is actually an agreement between: [ANS:]
Between the Federal Government and the insurance companies.
Guru01 - Stuvia
The first effort to provide insurance for land transportation risks
involved an extension of ocean marine coverage known as the:
[ANS:] "Warehouse to warehouse" clause.
Which of the following is not a duty of an insurer in case of a loss?
[ANS:] Separate the damaged property from the undamaged
property and protect the property from further loss
An insured owns a set of six drawing pens designed and used by
Benjamin Franklin. Each pen is worth $1,000 alone, but the set is
worth $12,000. One pen is destroyed by a covered peril. Under the
pair or set clause the insurance company will pay a maximum of
which of the following amounts? [ANS:] $7,000
Traditionally, the most common type of crop insurance sold prior
to the creation of the Multi-Peril Crop Insurance Program was:
[ANS:] Coverage for hail damage.
, 3
For Expert help and assignment solutions, +254707240657
An adjuster's report that contains all the facts, evidence and
disposition of the claim and is considered to be the final report is
known as the: [ANS:] Full report.
The New York Superintendent of Insurance may refuse to renew,
suspend or revoke a license as a result of which of the following?
I. A violation of any provision of the New York Insurance Code.
© 2025 Assignment Expert
II. A licensee making a material misstatement in application for
license.
III. A licensee being found guilty of fraud or dishonest practices.
Guru01 - Stuvia
[ANS:] I, II and III
No insurer may issue checks or drafts or partial settlement of a loss
or claim that is still being negotiated that: [ANS:] Releases the
insurer from additional liability.
The insured owns a two family dwelling and is covered under a
Homeowner policy. One of the units is rented. The insured also
maintains a small incidental business in the structure. In case of a
covered loss, which of the following would NOT be paid under
Coverage D - Loss of Use? [ANS:] Loss of income from the
incidental business.
The adjuster bond required in New York is payable to: [ANS:] The
state of New York.
An earthquake and landslide has occurred and soon after a
house insured on an unendorsed HO-3 is damaged by fire and
then an explosion. What would be covered in this scenario? [ANS:]
Only the resulting fire and explosion damage would be covered
