NY Insurance Adjuster Exam 2025
Questions and Answers
Under the farm forms, the maximum amount payable for a loss to a satellite dish
is: - --Answer --The correct answer is: $1,000..
The State Insurance Fund provides workers compensation coverage for which of
the following? - --Answer --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
- --Answer --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: - --Answer --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
....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 1
,car pending the court's final ruling as to ownership if Mr. Smith provides the court
a: - --Answer --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.
What is the purpose of the "other insurance clause"? - --Answer --To avoid
over payment of a claim.
Typically, how are defense costs handled under an aviation policy? - --
Answer --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 - --Answer --The correct answer is: I, II, III, and IV.
Replacement cost coverage is best defined as: - --Answer --Replacement
without deduction for depreciation..
....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 2
,All of the following are excluded from garage policy liability coverage, EXCEPT: -
--Answer --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. - --Answer --24
In cases of comparative negligence, the proportional share of each party in the
entire liability will be based on: - --Answer --Relative degree of fault
significant purpose of a reporting form under the dealer's physical damage
coverage under the garage policy? - --Answer --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? - --Answer --: $2,500
The Personal Auto Policy, under Supplementary Payments: - --Answer --
Will pay the insured up to $200 per day for loss of earnings due to testifying at a
trial concerning an accident caused by the insured.
Which of the following is not paid under personal auto medical payments? - --
Answer --Pain and suffering.
....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 3
, Who are the three parties to the "appraisal clause"? - --Answer --The two
appraisers and the umpire.
The insured is covered under a BOP for $200,000 on his building. The risk is
completely destroyed by fire. It will cost $225,000 to replace the building. The cost
to remove the debris is $25,000. How much, if any, will the company pay for this
loss? - --Answer --$225,000
The company will pay the $200,000 plus another $25,000 for the debris removal.
The policy provides an extra limit of $25,000 where the cost to rebuild or replace
the building exhausts the limits of coverage.
After receiving an inquiry from the Insurance Department regarding a claim, an
insurer must respond within: - --Answer --10 business days
What does the term "comparative negligence" refer to? - --Answer --The
percentage of fault is shared by each driver in an accident in which both contribute
to causing the accident..
Sam's home located in a rural area is insured under a DP-2 dwelling form with a
$500 deductible. He experiences a fire at his home and has to call the local
volunteer fire department to extinguish the fire. He receives a bill from the fire
department in the amount of $800. How much of the bill from the fire department
will his policy pay? - --Answer --: $500
....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 4
Questions and Answers
Under the farm forms, the maximum amount payable for a loss to a satellite dish
is: - --Answer --The correct answer is: $1,000..
The State Insurance Fund provides workers compensation coverage for which of
the following? - --Answer --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
- --Answer --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: - --Answer --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
....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 1
,car pending the court's final ruling as to ownership if Mr. Smith provides the court
a: - --Answer --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.
What is the purpose of the "other insurance clause"? - --Answer --To avoid
over payment of a claim.
Typically, how are defense costs handled under an aviation policy? - --
Answer --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 - --Answer --The correct answer is: I, II, III, and IV.
Replacement cost coverage is best defined as: - --Answer --Replacement
without deduction for depreciation..
....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 2
,All of the following are excluded from garage policy liability coverage, EXCEPT: -
--Answer --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. - --Answer --24
In cases of comparative negligence, the proportional share of each party in the
entire liability will be based on: - --Answer --Relative degree of fault
significant purpose of a reporting form under the dealer's physical damage
coverage under the garage policy? - --Answer --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? - --Answer --: $2,500
The Personal Auto Policy, under Supplementary Payments: - --Answer --
Will pay the insured up to $200 per day for loss of earnings due to testifying at a
trial concerning an accident caused by the insured.
Which of the following is not paid under personal auto medical payments? - --
Answer --Pain and suffering.
....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 3
, Who are the three parties to the "appraisal clause"? - --Answer --The two
appraisers and the umpire.
The insured is covered under a BOP for $200,000 on his building. The risk is
completely destroyed by fire. It will cost $225,000 to replace the building. The cost
to remove the debris is $25,000. How much, if any, will the company pay for this
loss? - --Answer --$225,000
The company will pay the $200,000 plus another $25,000 for the debris removal.
The policy provides an extra limit of $25,000 where the cost to rebuild or replace
the building exhausts the limits of coverage.
After receiving an inquiry from the Insurance Department regarding a claim, an
insurer must respond within: - --Answer --10 business days
What does the term "comparative negligence" refer to? - --Answer --The
percentage of fault is shared by each driver in an accident in which both contribute
to causing the accident..
Sam's home located in a rural area is insured under a DP-2 dwelling form with a
$500 deductible. He experiences a fire at his home and has to call the local
volunteer fire department to extinguish the fire. He receives a bill from the fire
department in the amount of $800. How much of the bill from the fire department
will his policy pay? - --Answer --: $500
....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 4
