New York Adjuster

New York Adjuster Exam Questions and Answers Graded A+ The insured has moved into a dwelling that was being build and was covered by the "Dwelling Under Construction" endorsement. How long does the insured have to report his / her occupancy to the insurance company? 30 days When a New York Homeowners policy is still in the 60-day underwriting period, the insurer may cancel it for any reason by providing a ______ notice. 30 day Personal property that is covered under the Personal Propert...

Offering any return of premium, valuable consideration or inducement when purchasing an insurance policy is an example of: Answer - I. Illegal Inducement II. Rebating Under a watercraft or yacht policy how claims are settled: Answer - Actual cash value When may an insured sue an insurance company? Answer - Not until the insured has complied with all policy provisions and within the time limit specified in the state laws What is the definition of a non-resident agent? Answer - Someone l...

New York Adjuster Exam 181 Questions with Verified Solutions.

New York Adjuster Exam 2024 The insured has moved into a dwelling that was being build and was covered by the "Dwelling Under Construction" endorsement. How long does the insured have to report his / her occupancy to the insurance company? - Answer ️️ -30 days When a New York Homeowners policy is still in the 60-day underwriting period, the insurer may cancel it for any reason by providing a ______ notice. - Answer ️️ -30 day Personal property that is covered under the Personal P...

New York Adjuster Exam-with 100% verified solutions

NEW YORK ADJUSTER EXAM

Offering any return of premium, valuable consideration or inducement when purchasing an insurance policy is an example of: - I. Illegal Inducement II. Rebating Under a watercraft or yacht policy how claims are settled: - Actual cash value When may an insured sue an insurance company? - Not until the insured has complied with all policy provisions and within the time limit specified in the state laws What is the definition of a non-resident agent? - Someone licensed in their state and o...

Offering any return of premium, valuable consideration or inducement when purchasing an insurance policy is an example of: - I. Illegal Inducement II. Rebating Under a watercraft or yacht policy how claims are settled: - Actual cash value When may an insured sue an insurance company? - Not until the insured has complied with all policy provisions and within the time limit specified in the state laws What is the definition of a non-resident agent? - Someone licensed in their state and obt...

New York Adjuster Exam Questions and Answers Graded A+ The insured has moved into a dwelling that was being build and was covered by the "Dwelling Under Construction" endorsement. How long does the insured have to report his / her occupancy to the insurance company? 30 days When a New York Homeowners policy is still in the 60-day underwriting period, the insurer may cancel it for any reason by providing a ______ notice. 30 day Personal property that is covered under the Personal Pro...

New York Adjuster Exam 3 (+100 Questions and Answers 2023 Insurance {{Correct Ans- A method of handling pure risk, by spreading it over a large number of similar individuals. Law of Large Numbers {{Correct Ans- Insurers can calculate their probable losses and establish premium rates that are accurate enough to cover claims, pay operating expenses, and make a profit. Principle of Indemnity {{Correct Ans- An insured who suffered a loss, should only be restored to the approximate financial c...