New York auto exam 17-66
Exam 2024/2025 with
complete solution
Denning [Date] [Course title]
, In New York, insurers must maintain records pertaining to claims, rating, underwriting, marketing and
other pertinent information for a period of: - Correct Answers The law requires that these records be
maintained for inspection and/or review for at least six years.
Which of the following relieves the financial burden on the claimant by making certain payments to the
claimant even before the claim is negotiated? - Correct Answers Advance Payment.
EXPLANATION:
Most adjusters are given the authority to make advance payments when liability is clear. This relieves
the financial burden on the claimant when funds are needed immediately. The remainder of the claim is
negotiated and settled at a later date
In the insurance industry, which of the following terms refers to continuous or repeated exposure to
conditions that may result in bodily injury or property damage neither expected nor intended? - Correct
Answers An occurrence.
EXPLANATION:
The definition of "occurrence" includes accident which is bodily injury and/or property damage that is
sudden and unforeseen.
If, during a legal proceeding, the court determines that the facts brought forth, together with the
applicable law, fail to make a prima facie case, the court may, without consideration by the jury,
administer: - Correct Answers A directed verdict. .
EXPLANATION:
Lacking establishment of a prima facie case, the court may enter a directed verdict for either the plaintiff
or the defendant.
Which of the following is NOT a correct statement in determining the cost of a "comparable automobile"
when a physical damage loss has a occurred? - Correct Answers The cost of a comparable automobile as
determined by a computerized automobile valuation service that produces statistically valid fair market
values within the United States market. .
EXPLANATION:
Exam 2024/2025 with
complete solution
Denning [Date] [Course title]
, In New York, insurers must maintain records pertaining to claims, rating, underwriting, marketing and
other pertinent information for a period of: - Correct Answers The law requires that these records be
maintained for inspection and/or review for at least six years.
Which of the following relieves the financial burden on the claimant by making certain payments to the
claimant even before the claim is negotiated? - Correct Answers Advance Payment.
EXPLANATION:
Most adjusters are given the authority to make advance payments when liability is clear. This relieves
the financial burden on the claimant when funds are needed immediately. The remainder of the claim is
negotiated and settled at a later date
In the insurance industry, which of the following terms refers to continuous or repeated exposure to
conditions that may result in bodily injury or property damage neither expected nor intended? - Correct
Answers An occurrence.
EXPLANATION:
The definition of "occurrence" includes accident which is bodily injury and/or property damage that is
sudden and unforeseen.
If, during a legal proceeding, the court determines that the facts brought forth, together with the
applicable law, fail to make a prima facie case, the court may, without consideration by the jury,
administer: - Correct Answers A directed verdict. .
EXPLANATION:
Lacking establishment of a prima facie case, the court may enter a directed verdict for either the plaintiff
or the defendant.
Which of the following is NOT a correct statement in determining the cost of a "comparable automobile"
when a physical damage loss has a occurred? - Correct Answers The cost of a comparable automobile as
determined by a computerized automobile valuation service that produces statistically valid fair market
values within the United States market. .
EXPLANATION:
