New York Adjuster Exam Questions and
Answers 100% Solved | Rated A+
Offering any return of premium, valuable consideration or inducement when
purchasing an insurance policy is an example of: - ✔✔I. Illegal Inducement
II. Rebating
Under a watercraft or yacht policy how claims are settled: - ✔✔Actual cash
value
When may an insured sue an insurance company? - ✔✔Not until the
insured has complied with all policy provisions and within the time limit
specified in the state laws
What is the definition of a non-resident agent? - ✔✔Someone licensed in
their state and obtains a license in another state to solicit insurance
business in that state. is correct.
The court awards a judgment against the insured for $300,000 plus
$10,000 of accrued interest and the legal fees amount to an additional
$35,000. Our insured has a $300,000 liability limit on the policy. How much
will be paid by the policy? - ✔✔The correct answer is: $345,000.
1
©NINJANERD 2025/2026. YEAR PUBLISHED 2025.
, Explanation:
The $10,000 of accrued pre judgment interest and the $35,000 cost of the
defense are all payable as additional coverage on the policy. These
amounts have no affect on the limit of liability available in a judgment
against the insured. So the entire amount of $345,000 is payable in this
case.
The minimum coverage required in New York for uninsured motorists bodily
injury is: - ✔✔The correct answer is: $25,000 per person, $50,000 per
accident. .
Explanation:
New York state law established the minimum coverage limits of $25,000
per person, $50,000 per accident and up to $50,000 per person, and
$100,000 per accident for death.
If an insured wishes to cover the mobile home while it is being transported
from one location to another would: - ✔✔Purchase the Mobile Home
Transportation Coverage Endorsement on the homeowner policy
The workers compensation policy language is written by the: - ✔✔National
Council on Compensation Insurance (NCCI)
2
©NINJANERD 2025/2026. YEAR PUBLISHED 2025.
Answers 100% Solved | Rated A+
Offering any return of premium, valuable consideration or inducement when
purchasing an insurance policy is an example of: - ✔✔I. Illegal Inducement
II. Rebating
Under a watercraft or yacht policy how claims are settled: - ✔✔Actual cash
value
When may an insured sue an insurance company? - ✔✔Not until the
insured has complied with all policy provisions and within the time limit
specified in the state laws
What is the definition of a non-resident agent? - ✔✔Someone licensed in
their state and obtains a license in another state to solicit insurance
business in that state. is correct.
The court awards a judgment against the insured for $300,000 plus
$10,000 of accrued interest and the legal fees amount to an additional
$35,000. Our insured has a $300,000 liability limit on the policy. How much
will be paid by the policy? - ✔✔The correct answer is: $345,000.
1
©NINJANERD 2025/2026. YEAR PUBLISHED 2025.
, Explanation:
The $10,000 of accrued pre judgment interest and the $35,000 cost of the
defense are all payable as additional coverage on the policy. These
amounts have no affect on the limit of liability available in a judgment
against the insured. So the entire amount of $345,000 is payable in this
case.
The minimum coverage required in New York for uninsured motorists bodily
injury is: - ✔✔The correct answer is: $25,000 per person, $50,000 per
accident. .
Explanation:
New York state law established the minimum coverage limits of $25,000
per person, $50,000 per accident and up to $50,000 per person, and
$100,000 per accident for death.
If an insured wishes to cover the mobile home while it is being transported
from one location to another would: - ✔✔Purchase the Mobile Home
Transportation Coverage Endorsement on the homeowner policy
The workers compensation policy language is written by the: - ✔✔National
Council on Compensation Insurance (NCCI)
2
©NINJANERD 2025/2026. YEAR PUBLISHED 2025.
