New York Personal Lines Final Exam | 100 Questions with 100% Correct Answers | Verified | Latest Update 2024

A passenger is injured while getting into a friends car. Which of the following statements would apply if both the passenger and the driver had medical payments coverage under the auto policy. - The drivers policy would be primary. Adverse selection is a concept best described as: - Risks with higher probability of loss, seeking insurances more often than other risks. An example of an alien insurer doing business in NY is one formed under the laws of - Mexico According to the NY motor vehicle financial responsibility law what are the required limits of liability on auto policies issued in this state? - 25/50/10 Which of the following examples of losses paid under an HO-3 homeowners policy? - Damage to the dwelling caused by lava or dust from volcanic eruption. The insureds car was hit and damaged by a deer. Under which of the following coverages in a personal auto policy would this loss be paid? - Other-Than- Collision Negligence may be defined as - The failure to use reasonable and prudent care When the direct chain of events resulting from a negligent act causes injury or damage that act is considered to be - A proximate cause All of the following are major coverages included in the homeowners policy except - Loss of income Which of the following would be added for coverage under a property policy by an endorsement? - Additional Insureds