7/17/25, 1:42 PM New York License
New York License Test Bank Exam 2025 -2026
\COMPLETE QUESTIONS AND CORRECT DETAILED
ANSWERS \VERIFIED SOLUTIONS \ALREADY
GRADED A+
Which of the following D
is an example of a
hostile
fire?
A. A fire in a fireplace
B. A burning cigarette
C. A grass fire set
intentionally by a
rancher
D. An ember from a
fireplace jumps out and
burns a hole in the
carpet
The covered causes of True
loss constitute the major
differences between the
Dwelling Forms. True or
False
1/35
,7/17/25, 1:42 PM New York License
The DP-1 (Basic Form) True
applies coverage to
property that is removed
because it is endangered
by a covered peril. True or
False
Coverage C under the False
Dwelling Forms extends to
include personal property
of a tenant or boarder of
the insured. True or False
2/35
,7/17/25, 1:42 PM New York License
Which condition or Appraisal
provision of a property
insurance policy applies
when the insured and
insurer cannot agree on
the amount of the loss?
Which part or portion of a Exclusions
property insurance policy
is it that specifies the
causes of loss (perils) that
are not covered?
When an insurer suffers a Insurers
loss, they are required to
prepare an inventory of
the damaged property at
the ____ request.
Open Peril policies True
include losses caused by
theft. True or False
When an insured desires Endorse
to add coverage to a
policy, the insurer usually
will ____ the policy.
For replacement cost 80%
coverage to apply in
Dwelling policies, the
insured must carry
insurance at least equal to
___ % of the cost of
replacement of the
building.
3/35
, 7/17/25, 1:42 PM New York License
Would a stated amount No
method of valuation likely
be used when insuring
gold bullion? Yes or No
In the event of a loss Insured
under a Homeowners
policy, a proof of loss
must be signed and sworn
by the ___ _.
The ____ Clause allows Liberalization
insurers to automatically
broaden coverage without
endorsement on existing
policies with no increase
in premium.
Could an order to vacate Yes
the property possibly
cause an insurer to cancel
a commercial property
policy? Yes or No
Does coverage under a Yes
property policy extend to
include a legal
representative of the
named insured's estate in
the event of death of the
named insured? Yes or No
In a Homeowners policy, Actual Cash Value
the term____________ is
defined as the cost to
repair or replace teh
damaged property less
depreciation.
4/35
New York License Test Bank Exam 2025 -2026
\COMPLETE QUESTIONS AND CORRECT DETAILED
ANSWERS \VERIFIED SOLUTIONS \ALREADY
GRADED A+
Which of the following D
is an example of a
hostile
fire?
A. A fire in a fireplace
B. A burning cigarette
C. A grass fire set
intentionally by a
rancher
D. An ember from a
fireplace jumps out and
burns a hole in the
carpet
The covered causes of True
loss constitute the major
differences between the
Dwelling Forms. True or
False
1/35
,7/17/25, 1:42 PM New York License
The DP-1 (Basic Form) True
applies coverage to
property that is removed
because it is endangered
by a covered peril. True or
False
Coverage C under the False
Dwelling Forms extends to
include personal property
of a tenant or boarder of
the insured. True or False
2/35
,7/17/25, 1:42 PM New York License
Which condition or Appraisal
provision of a property
insurance policy applies
when the insured and
insurer cannot agree on
the amount of the loss?
Which part or portion of a Exclusions
property insurance policy
is it that specifies the
causes of loss (perils) that
are not covered?
When an insurer suffers a Insurers
loss, they are required to
prepare an inventory of
the damaged property at
the ____ request.
Open Peril policies True
include losses caused by
theft. True or False
When an insured desires Endorse
to add coverage to a
policy, the insurer usually
will ____ the policy.
For replacement cost 80%
coverage to apply in
Dwelling policies, the
insured must carry
insurance at least equal to
___ % of the cost of
replacement of the
building.
3/35
, 7/17/25, 1:42 PM New York License
Would a stated amount No
method of valuation likely
be used when insuring
gold bullion? Yes or No
In the event of a loss Insured
under a Homeowners
policy, a proof of loss
must be signed and sworn
by the ___ _.
The ____ Clause allows Liberalization
insurers to automatically
broaden coverage without
endorsement on existing
policies with no increase
in premium.
Could an order to vacate Yes
the property possibly
cause an insurer to cancel
a commercial property
policy? Yes or No
Does coverage under a Yes
property policy extend to
include a legal
representative of the
named insured's estate in
the event of death of the
named insured? Yes or No
In a Homeowners policy, Actual Cash Value
the term____________ is
defined as the cost to
repair or replace teh
damaged property less
depreciation.
4/35
