New York Personal Lines Final Exam
Study online at https://quizlet.com/_6wql9a
1. A passenger is injured while getting into a friends car. The drivers policy would
Which of the following statements would apply if both be primary.
the passenger and the driver had medical payments
coverage under the auto policy.
2. Adverse selection is a concept best described as: Risks with higher proba-
bility of loss, seeking in-
surances more often than
other risks.
3. An example of an alien insurer doing business in NY is Mexico
one formed under the laws of
4. According to the NY motor vehicle financial respon- 25/50/10
sibility law what are the required limits of liability on
auto policies issued in this state?
5. Which of the following examples of losses paid under Damage to the dwelling
an HO-3 homeowners policy? caused by lava or dust
from volcanic eruption.
6. The insureds car was hit and damaged by a deer. Other-Than- Collision
Under which of the following coverages in a personal
auto policy would this loss be paid?
7. Negligence may be defined as The failure to use reason-
able and prudent care
8. When the direct chain of events resulting from a neg- A proximate cause
ligent act causes injury or damage that act is consid-
ered to be
9. Loss of income
, New York Personal Lines Final Exam
Study online at https://quizlet.com/_6wql9a
All of the following are major coverages included in
the homeowners policy except
10. Which of the following would be added for coverage Additional Insureds
under a property policy by an endorsement?
11. Under the automobile assigned risk plan how much Up to 100,000$
coverage must be provided to the insured for liability
arising out of the death of two persons caused by a
single auto accident?
12. An insured relocated to another state for work. How- Unoccupied
ever, she still owns and insures a house in this state,
but has had no one living in it for 3 months. She is also
storing some of furniture and clothes in the house.
From an insurance standpoint, the insured's house is
considered
13. If the insured owns a watch valued at $10,000, full Scheduled personal prop-
coverage can be provided on a homeowners policy by erty endorsement
purchasing the
14. Which of the following statements is not true regard- It provides errors and om-
ing a personal umbrella liability policy? missions coverage for an
agency
15. What is not part of the policy structure? provisions
16. Under the personal auto policy, liability for bodily in- Provided by the insureds
jury resulting from the insureds use of a nonowned policy on an excess basis
automobile is
17. What is not true regarding physical damage coverage? Its not true that the limit
of liability is the greater of
Study online at https://quizlet.com/_6wql9a
1. A passenger is injured while getting into a friends car. The drivers policy would
Which of the following statements would apply if both be primary.
the passenger and the driver had medical payments
coverage under the auto policy.
2. Adverse selection is a concept best described as: Risks with higher proba-
bility of loss, seeking in-
surances more often than
other risks.
3. An example of an alien insurer doing business in NY is Mexico
one formed under the laws of
4. According to the NY motor vehicle financial respon- 25/50/10
sibility law what are the required limits of liability on
auto policies issued in this state?
5. Which of the following examples of losses paid under Damage to the dwelling
an HO-3 homeowners policy? caused by lava or dust
from volcanic eruption.
6. The insureds car was hit and damaged by a deer. Other-Than- Collision
Under which of the following coverages in a personal
auto policy would this loss be paid?
7. Negligence may be defined as The failure to use reason-
able and prudent care
8. When the direct chain of events resulting from a neg- A proximate cause
ligent act causes injury or damage that act is consid-
ered to be
9. Loss of income
, New York Personal Lines Final Exam
Study online at https://quizlet.com/_6wql9a
All of the following are major coverages included in
the homeowners policy except
10. Which of the following would be added for coverage Additional Insureds
under a property policy by an endorsement?
11. Under the automobile assigned risk plan how much Up to 100,000$
coverage must be provided to the insured for liability
arising out of the death of two persons caused by a
single auto accident?
12. An insured relocated to another state for work. How- Unoccupied
ever, she still owns and insures a house in this state,
but has had no one living in it for 3 months. She is also
storing some of furniture and clothes in the house.
From an insurance standpoint, the insured's house is
considered
13. If the insured owns a watch valued at $10,000, full Scheduled personal prop-
coverage can be provided on a homeowners policy by erty endorsement
purchasing the
14. Which of the following statements is not true regard- It provides errors and om-
ing a personal umbrella liability policy? missions coverage for an
agency
15. What is not part of the policy structure? provisions
16. Under the personal auto policy, liability for bodily in- Provided by the insureds
jury resulting from the insureds use of a nonowned policy on an excess basis
automobile is
17. What is not true regarding physical damage coverage? Its not true that the limit
of liability is the greater of
