NEW YORK ADJUSTER 1 EXAM 2025
QUESTIONS AND ANSWERS
Which type of Crop Insurance Policy insures the entire acreage rather than an individual crop? -
ANS Adjusted Gross Revenue
Mr. York had his pickup truck stolen while it was parked in a "no parking" zone outside his
office. The value of the truck was $18,500. In addition, tools valued at $200, extra tires and
hubcaps for the truck valued at $550 and a tarp worth $50 were in the truck. Mr. York has a
collision deductible of $500 and a comprehensive deductible of $250. The insurance company
will pay what amount? - ANS The loss of the truck plus the extra tires and hubcaps would be
considered in this claim. These total $19,050 less the deductible of $250 equals $18,800.
The unfair claim settlement laws and regulations in New York provide that a violation in each
instance will be treated as a separate violation. A fine in the amount of _____ will be imposed
against the insurance company for each violation. - ANS $500
What endorsement may be used on the dwelling policy to keep values current with the
replacement cost of the buildings? - ANS The Automatic Increase Endorsement
An insured's wife is wearing a diamond ring while on vacation in Europe. The ring valued at
$1,500 is stolen. What coverage would apply under their Homeowner Policy - ANS The policy
will pay the loss less the deductible. Coverage B. applies to any part of the world.
Under the TRIA Act (now known as TRIEA - Terrorism Risk Insurance Extension Act of 2015), the
maximum limit for the Act for total claims paid under the Act by either private insurers or the
government is still limited to - ANS $100 billion
1 Copyright ©2025 THESTAR ALL RIGHTS RESERVED
QUESTIONS AND ANSWERS
Which type of Crop Insurance Policy insures the entire acreage rather than an individual crop? -
ANS Adjusted Gross Revenue
Mr. York had his pickup truck stolen while it was parked in a "no parking" zone outside his
office. The value of the truck was $18,500. In addition, tools valued at $200, extra tires and
hubcaps for the truck valued at $550 and a tarp worth $50 were in the truck. Mr. York has a
collision deductible of $500 and a comprehensive deductible of $250. The insurance company
will pay what amount? - ANS The loss of the truck plus the extra tires and hubcaps would be
considered in this claim. These total $19,050 less the deductible of $250 equals $18,800.
The unfair claim settlement laws and regulations in New York provide that a violation in each
instance will be treated as a separate violation. A fine in the amount of _____ will be imposed
against the insurance company for each violation. - ANS $500
What endorsement may be used on the dwelling policy to keep values current with the
replacement cost of the buildings? - ANS The Automatic Increase Endorsement
An insured's wife is wearing a diamond ring while on vacation in Europe. The ring valued at
$1,500 is stolen. What coverage would apply under their Homeowner Policy - ANS The policy
will pay the loss less the deductible. Coverage B. applies to any part of the world.
Under the TRIA Act (now known as TRIEA - Terrorism Risk Insurance Extension Act of 2015), the
maximum limit for the Act for total claims paid under the Act by either private insurers or the
government is still limited to - ANS $100 billion
1 Copyright ©2025 THESTAR ALL RIGHTS RESERVED
