New York Accident & Health Insurance Adjuster Latest 2024 Graded A+

New York Accident & Health Insurance Adjuster Latest 2024 Graded A+ The New York Superintendent of Insurance is - Answer ️️ -Appointed by the governor of New York The primary responsibility of the Superintendent of Insurance is - Answer ️️ -Enforcing the state insurance laws and regulations. An independent adjuster - Answer ️️ -A person who acts on behalf of an insurer in investigating and adjusting claims and/ or performing any duties required by the insurer. A public adjuster - Answer ️️ -A person who acts on behalf of an insured in negotiating the settlement of certain claims for loss or damage to property. The qualifications for obtaining a New York Accident & Health Adjuster license are: - Answer ️️ -Must be 18, submit to finger printing, and must be approved by at least five reputable citizens of the community Following the occurrence of a legitimate, within what period of time can an insured bring legal action against the insurer for failure to promptly and properly settle the claim? - Answer ️️ - Within two years after the inception of the loss Failing to acknowledge reasonable communication with respect to claims arising out of policies is an example of: - Answer ️️ -Unfair claims practices New York residents securing any type of insurance adjuster license must meet the following qualifications: - Answer ️️ -Pass the state licensing examination, maintain a $1,000.00 surety bond. A policy holder must give notice of a claim within _________ or as soon as reasonably possible. - Answer ️️ -20 days New York independent adjuster - Answer ️️ -acts on behalf of an insurer New York public adjuster - Answer ️️ -acts on behalf of the insured The amount of bond required to be filed by an adjuster with the state of New York is: - Answer ️️ -$1,000.00 The intentional failure to disclose known facts is known as - Answer ️️ -Concealment An adjuster's license expires: - Answer ️️ -Biennially on December 31 of even numbered years and may be renewed for an ensuing two calendar years. A business or residential address change must be reported to the insurance department within: - Answer ️️ -30 days of the change Federal law addressed fraud, material misrepresentation, embezzlement, and misappropriation of monies involving the interstate commerce of insurance. If found guilty, the punishment will be: - Answer ️️ -Imprisonment for up to 15 years When a person is believed to have violated the New York insurance code, the Superintendent will serve the accused a statement of charges and a notice of a hearing. When must the hearing be held? - Answer ️️ -10 days after the notice is served Statements made by an applicant for an insurance policy which are supposed to be true are referred to as: - Answer ️️ -Representations An act of deliberate deceit with the intent to take property of another or take unfair advantage of another is: - Answer ️️ -Fraud Misrepresentation - Answer ️️ -Leading a client to believe that a policy contains benefits that it does not conta