NY INSURANCE ADJUSTER EXAM 2025
QUESTIONS AND ANSWERS
Under the farm forms, the maximum amount payable for a loss to a satellite dish is: -
ANS The correct answer is: $1,000..
The State Insurance Fund provides workers compensation coverage for which of the following?
- ANS The fund is for both those employers unable to obtain coverage and those purchasing
coverage in the competitive market.
Part I of the Workers Compensation Employer Liability Insurance Policy describes - ANS The
insurer's duty to pay promptly, when due, the benefits required of the employer by the workers
compensation statute
Vision care insurance policies most often cover: - ANS The cost of lenses and frames. .
John Smith has just made his last car payment which concludes his contract. The finance
company, for reasons not immediately apparent, has the car repossessed. If Mr. Smith brings a
suit, the court will allow Mr. Smith to retake possession of the car pending the court's final
ruling as to ownership if Mr. Smith provides the court a: - ANS Replevin bond..
A replevin bond guarantees that if property is in the possession of party A is determined to
belong to party B and the court orders its return to party B, party A will do so. Party A would
first have to obtain an attachment bond, also required by the court, in case the property was
wrongfully repossessed.
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, What is the purpose of the "other insurance clause"? - ANS To avoid over payment of a
claim.
Typically, how are defense costs handled under an aviation policy? - ANS Handled as a
supplementary payment.
Which of the following watercraft losses are excluded under a homeowner policy? I. Theft off
the residence premises II. Windstorm damage while the insured's boat is docked at the marina
III. Fading of the canvas tarp which covers a boat IV. Earthquake damage - ANS The correct
answer is: I, II, III, and IV.
Replacement cost coverage is best defined as: - ANS Replacement without deduction for
depreciation..
All of the following are excluded from garage policy liability coverage, EXCEPT: - ANS Injury
or damage arising out of a motorboat the named insured keeps stored in the back of his repair
garage..
In New York no suit or action against the insurer for the recovery of any claim will be
sustainable in any court of law unless all of the requirements of the policy have been complied
with, unless commenced within ______ months next after inception of the loss. - ANS 24
In cases of comparative negligence, the proportional share of each party in the entire liability
will be based on: - ANS Relative degree of fault
significant purpose of a reporting form under the dealer's physical damage coverage under the
garage policy? - ANS To deal with changing values of autos held for sale. .
What is the limit that will be paid for the fire department service charge in the BOP form? -
ANS : $2,500
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QUESTIONS AND ANSWERS
Under the farm forms, the maximum amount payable for a loss to a satellite dish is: -
ANS The correct answer is: $1,000..
The State Insurance Fund provides workers compensation coverage for which of the following?
- ANS The fund is for both those employers unable to obtain coverage and those purchasing
coverage in the competitive market.
Part I of the Workers Compensation Employer Liability Insurance Policy describes - ANS The
insurer's duty to pay promptly, when due, the benefits required of the employer by the workers
compensation statute
Vision care insurance policies most often cover: - ANS The cost of lenses and frames. .
John Smith has just made his last car payment which concludes his contract. The finance
company, for reasons not immediately apparent, has the car repossessed. If Mr. Smith brings a
suit, the court will allow Mr. Smith to retake possession of the car pending the court's final
ruling as to ownership if Mr. Smith provides the court a: - ANS Replevin bond..
A replevin bond guarantees that if property is in the possession of party A is determined to
belong to party B and the court orders its return to party B, party A will do so. Party A would
first have to obtain an attachment bond, also required by the court, in case the property was
wrongfully repossessed.
1 Copyright ©2025 THESTAR ALL RIGHTS RESERVED
, What is the purpose of the "other insurance clause"? - ANS To avoid over payment of a
claim.
Typically, how are defense costs handled under an aviation policy? - ANS Handled as a
supplementary payment.
Which of the following watercraft losses are excluded under a homeowner policy? I. Theft off
the residence premises II. Windstorm damage while the insured's boat is docked at the marina
III. Fading of the canvas tarp which covers a boat IV. Earthquake damage - ANS The correct
answer is: I, II, III, and IV.
Replacement cost coverage is best defined as: - ANS Replacement without deduction for
depreciation..
All of the following are excluded from garage policy liability coverage, EXCEPT: - ANS Injury
or damage arising out of a motorboat the named insured keeps stored in the back of his repair
garage..
In New York no suit or action against the insurer for the recovery of any claim will be
sustainable in any court of law unless all of the requirements of the policy have been complied
with, unless commenced within ______ months next after inception of the loss. - ANS 24
In cases of comparative negligence, the proportional share of each party in the entire liability
will be based on: - ANS Relative degree of fault
significant purpose of a reporting form under the dealer's physical damage coverage under the
garage policy? - ANS To deal with changing values of autos held for sale. .
What is the limit that will be paid for the fire department service charge in the BOP form? -
ANS : $2,500
2 Copyright ©2025 THESTAR ALL RIGHTS RESERVED
