New York State Property and Casualty Exam Package Deal

New York State Property and Casualty Licensing Exam Latest Pro Rata Liability Clause is included in an insurance policy to deal with the problem of - Duplicate insurance policies The purpose of this clause is to illustrate the method to determine each insurer's liability in case of a loss. Each...

Property and Casualty New York Exam Q&A Verified What is a Broker? - A broker is someone who acts on behalf of the insured in negotiating insurance, their for a broker has no binding authority , however brokers are considered to be a collector of premiums. What is an agent (producer)? - An age...

NY Property and Casualty Insurance Practice Exam with Real Solution Underwriters are permitted to use all of the following when underwriting an application for insurance EXCEPT: - age, race, and religion Which of the following would be covered by a commercial package policy? - loss due to crim...

NYS Property & Casualty Broker Exam with accurate Solution What is insurance? - Insurance transfers the risk of loss from an individual or business entity to an insurance company, which in turn spreads the cost of unexpected losses to many individuals. Agent/Producer - a person who acts for an...

NY Property and Casualty Insurance Exam Graded A+ Specific insurance - This type of insurance designates a particular item to be insured Blanket insurance - This type of insurance covers more than one item of property at a single location or one more items of property at multiple locations. ...

Property And Casualty NY License Study Summary Broker - acts on behalf of insured in negotiating insurance. they work for clients. have no binding authority- can't put risk in place Agent - acts on behalf of insurance company with whom they are contracted. signs contract. never work for clien...

Property & Casualty (New York) Exam Verified 100% What are the minimum state required liability limits in New York? - 25/50/10 BI/Death/PD $25k-$50k/$50k-$100k/$10k NY requires $______ in coverage for PIP, no-fault insurance, for "basic economic loss" - $50,000 When filing a no-fault cl...

Property and Casualty License NY Exam Questions correctly Answered Electronic Media and Records - Special limitation applies to business income loss under BOP, for loss of damage to Stolen Car - According to part E duties after an accident or loss in Auto Policy, police should be called if ...

NY P&C EXAM Questions and Answers A Score Under the Equipment Breakdown Coverage Form, which of the following describes expediting expenses? - Payment for repairs which accelerate the period of restoration Expediting expenses are those which hasten the period of restoration. By getting the b...

Property and casualty insurance Exam Questions and Answers Latest Updates (Graded A+) Which of the following are the authorities that an agent can hold? - Express and implied Which of the following terms refers to such disabilities the loss of a limb, hearing , or eye sight? - Permanent partia...