NEW YORK AUTO EXAM 17-66 STUDY GUIDE with Verified Solutions 2024/2025

NEW YORK AUTO EXAM 17-66 STUDY GUIDE with Verified Solutions 2024 All of the following are reasons that an adjuster should keep very detailed log notes, EXCEPT: - Answer - To produce notes that will support a fraudulent denial of claims. . The adjuster's log notes are used to determine negligent parties, to assist in detecting fraud, to become a part of the claims file, and to be used in future proceedings. The log notes are not intended to produce a fraudulent record to deny a claim. When a homeowners policy has been in effect for 60 days in New York, an insurer can cancel at anytime for any of the following reasons, EXCEPT: - Answer -A large loss has occurred George Wilson has a personal auto policy. Select the coverage that would apply when a deer leaps onto Mr. Wilson's car and causes extensive damage. - Answer -Comprehensive (other than collision). Contact with a bird or animal is considered to be an "other than collision" loss. What is the purpose of the New York automobile inspection requirement? - Answer -To determine prior damage to the vehicle . The purpose of the New York automobile inspection requirement is to determine if there was prior damage to the vehicle at the time coverage was put into effect. The law recognizes two types of waivers. They are: - Answer -Express/implied. They are express and implied. An express waiver occurs when the insurer or its representative knowingly gives up a known right under the insurance contract. Perhaps the right to request an appraisal of the damaged property is an example. By comparison, an implied waiver may be the result from some act of neglect on the part of the adjuster. In New York, how often may the Superintendent examine insurers doing business in the state? - Answer - As often as he/she deems necessary.Duplicate recovery under New York No-Fault coverage is not permitted. If the employee is covered under the employer's auto policy what might be done to the employee's personal auto insurance coverage: - Answer -PP 05 92 will exclude medical expenses from the basic economic loss coverage for no-fault benefits. With commercial lines, endorsement CA 22 49 can be used. The premiums for the basic economic loss (PIP) will be reduced accordingly. What symbol is used for a hired auto in a commercial automobile policy? - Answer -Symbol 8 is used to provide hired auto coverage in a commercial automobile policy. It also includes leased, rented or borrowed