New York State auto Damage aND theft Quiz 17–71
(2024/2025) ComPLete QueStioNS aND VerifieD CorreCt
aNSwerS || 100% guaraNteeD PaSS <LateSt VerSioN>
DeSCriPtioN: iNCLuDeS aLL NY State auto Damage aND
theft QuizzeS 17–71 with VerifieD CorreCt aNSwerS aND
exPLaNatioNS. uPDateD for 2024/2025, thiS PaCk heLPS
iNSuraNCe aDjuSterS aND aPPraiSerS PrePare for
State CertifiCatioN.
keYworDS: New York auto Damage theft Quiz iNSuraNCe
aDjuSter CertifiCatioN exam VerifieD aNSwerS VehiCLe
aPPraiSaL StuDY guiDe
Section 1: New York Insurance Law & Regulations (Questions 1-20)
1. Under New York law, what is the minimum liability insurance requirement
for Bodily Injury per person?
a) $10,000
b) $25,000
c) $50,000
d) $100,000
2. An insurer must pay or deny a property damage claim within how many
business days after receiving proof of claim, as per NY Regulation 64?
a) 15 days
b) 30 days
c) 15 business days
d) 30 business days
,3. In New York, what coverage is required to protect you from drivers with no
insurance?
a) Collision
b) Uninsured Motorists
c) Comprehensive
d) Medical Payments
4. The New York DMV requires that a vehicle be inspected for safety:
a) Every 2 years
b) Annually
c) Only at the time of sale
d) Every 5 years
5. A "Salvage Certificate" is issued for a vehicle when the cost of repair
exceeds what percentage of its pre-damage value?
a) 50%
b) 75%
c) 75% (for a 8-year-old or newer vehicle)
d) 100%
6. Which of the following is a standard provision in a New York auto policy
regarding cancellation by the insurer?
a) An insurer can cancel at any time for any reason.
b) An insurer can only cancel within the first 60 days for any reason.
c) After 60 days, an insurer can only cancel for specific reasons, such as non-
payment or fraud.
d) Policies cannot be cancelled once issued.
7. What is the purpose of New York's "No-Fault" insurance law?
a) To determine who is at fault in an accident.
b) To provide prompt payment for medical bills and lost wages regardless of
fault.
c) To waive the deductible for all policyholders.
d) To replace liability coverage.
, 8. An appraiser estimating the loss of a vehicle in New York must be licensed
by the:
a) New York Department of Motor Vehicles (DMV)
b) New York Department of Financial Services (DFS)
c) New York State Police
d) National Insurance Crime Bureau (NICB)
9. Under NY law, a "theft" claim requires what from the vehicle owner?
a) Photographs of the vehicle before the theft.
b) A signed, sworn proof of loss and a copy of the police report.
c) A notarized statement from two witnesses.
d) A vehicle inspection by the DMV.
10. If a vehicle is a total loss, New York Regulation 64 requires the insurer to
pay the:
a) Loan balance on the vehicle.
b) Actual Cash Value (ACV) immediately preceding the loss.
c) Cost of a brand new replacement vehicle.
d) Stated value on the policy declaration page.
11. A "Diminution in Value" claim is:
a) The immediate drop in a vehicle's value after an accident.
b) Generally not recoverable under a first-party New York auto policy.
c) Always paid in addition to the repair costs.
d) Mandated by New York state law.
12. What is the timeframe for an insured to file a No-Fault (PIP) claim in New
York?
a) 30 days
b) 45 days
c) 90 days
d) 1 year
13. In New York, a supplementary proof of loss must be submitted by the
claimant within how many days of the insurer's request?
a) 15 days
(2024/2025) ComPLete QueStioNS aND VerifieD CorreCt
aNSwerS || 100% guaraNteeD PaSS <LateSt VerSioN>
DeSCriPtioN: iNCLuDeS aLL NY State auto Damage aND
theft QuizzeS 17–71 with VerifieD CorreCt aNSwerS aND
exPLaNatioNS. uPDateD for 2024/2025, thiS PaCk heLPS
iNSuraNCe aDjuSterS aND aPPraiSerS PrePare for
State CertifiCatioN.
keYworDS: New York auto Damage theft Quiz iNSuraNCe
aDjuSter CertifiCatioN exam VerifieD aNSwerS VehiCLe
aPPraiSaL StuDY guiDe
Section 1: New York Insurance Law & Regulations (Questions 1-20)
1. Under New York law, what is the minimum liability insurance requirement
for Bodily Injury per person?
a) $10,000
b) $25,000
c) $50,000
d) $100,000
2. An insurer must pay or deny a property damage claim within how many
business days after receiving proof of claim, as per NY Regulation 64?
a) 15 days
b) 30 days
c) 15 business days
d) 30 business days
,3. In New York, what coverage is required to protect you from drivers with no
insurance?
a) Collision
b) Uninsured Motorists
c) Comprehensive
d) Medical Payments
4. The New York DMV requires that a vehicle be inspected for safety:
a) Every 2 years
b) Annually
c) Only at the time of sale
d) Every 5 years
5. A "Salvage Certificate" is issued for a vehicle when the cost of repair
exceeds what percentage of its pre-damage value?
a) 50%
b) 75%
c) 75% (for a 8-year-old or newer vehicle)
d) 100%
6. Which of the following is a standard provision in a New York auto policy
regarding cancellation by the insurer?
a) An insurer can cancel at any time for any reason.
b) An insurer can only cancel within the first 60 days for any reason.
c) After 60 days, an insurer can only cancel for specific reasons, such as non-
payment or fraud.
d) Policies cannot be cancelled once issued.
7. What is the purpose of New York's "No-Fault" insurance law?
a) To determine who is at fault in an accident.
b) To provide prompt payment for medical bills and lost wages regardless of
fault.
c) To waive the deductible for all policyholders.
d) To replace liability coverage.
, 8. An appraiser estimating the loss of a vehicle in New York must be licensed
by the:
a) New York Department of Motor Vehicles (DMV)
b) New York Department of Financial Services (DFS)
c) New York State Police
d) National Insurance Crime Bureau (NICB)
9. Under NY law, a "theft" claim requires what from the vehicle owner?
a) Photographs of the vehicle before the theft.
b) A signed, sworn proof of loss and a copy of the police report.
c) A notarized statement from two witnesses.
d) A vehicle inspection by the DMV.
10. If a vehicle is a total loss, New York Regulation 64 requires the insurer to
pay the:
a) Loan balance on the vehicle.
b) Actual Cash Value (ACV) immediately preceding the loss.
c) Cost of a brand new replacement vehicle.
d) Stated value on the policy declaration page.
11. A "Diminution in Value" claim is:
a) The immediate drop in a vehicle's value after an accident.
b) Generally not recoverable under a first-party New York auto policy.
c) Always paid in addition to the repair costs.
d) Mandated by New York state law.
12. What is the timeframe for an insured to file a No-Fault (PIP) claim in New
York?
a) 30 days
b) 45 days
c) 90 days
d) 1 year
13. In New York, a supplementary proof of loss must be submitted by the
claimant within how many days of the insurer's request?
a) 15 days
