New York Adjuster Exam questions and
answers 2025\2026 A+ Grade
Offering any return of premium, valuable consideration or inducement when purchasing an insurance
policy is an example of:
- correct answer I. Illegal Inducement
II. Rebating
Under a watercraft or yacht policy how claims are settled:
- correct answer Actual cash value
When may an insured sue an insurance company?
- correct answer 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?
- correct answer 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?
- correct answer 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 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:
- correct answer 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 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:
- correct answer Purchase the Mobile Home Transportation Coverage Endorsement on the homeowner
policy
The workers compensation policy language is written by the:
- correct answer 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:
- correct answer 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?
- correct answer 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?
- correct answer An Authorized Representative of the Insurer
Which of the following commercial crime insuring agreements would cover theft of currency?
- correct answer Employee Theft.
Once the adjuster is appointed by the insurer to represent the insurer, the adjuster has the power to do
all of the following, EXCEPT:
- correct answer Bind additional coverage.
The giving up of a known right is known as:
- correct answer Waiver
answers 2025\2026 A+ Grade
Offering any return of premium, valuable consideration or inducement when purchasing an insurance
policy is an example of:
- correct answer I. Illegal Inducement
II. Rebating
Under a watercraft or yacht policy how claims are settled:
- correct answer Actual cash value
When may an insured sue an insurance company?
- correct answer 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?
- correct answer 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?
- correct answer 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 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:
- correct answer 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 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:
- correct answer Purchase the Mobile Home Transportation Coverage Endorsement on the homeowner
policy
The workers compensation policy language is written by the:
- correct answer 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:
- correct answer 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?
- correct answer 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?
- correct answer An Authorized Representative of the Insurer
Which of the following commercial crime insuring agreements would cover theft of currency?
- correct answer Employee Theft.
Once the adjuster is appointed by the insurer to represent the insurer, the adjuster has the power to do
all of the following, EXCEPT:
- correct answer Bind additional coverage.
The giving up of a known right is known as:
- correct answer Waiver
