NY PERSONAL LINES INSURANCE
PRACTICE EXAM 2026 ALL
QUESTIONS AND VERIFIED ANSWERS
| ALREADY A GRADED | NEW AND
REVISED
The description of the insured will be found in which part of an
insurance policy? - ANSWER- definitions
Which of the following does Homeowners Special form (HO-3) cover
that Homeowners Broad form (HO-2) does not? - ANSWER- structures
other than the dwelling
Which of the following is the special limit of coverage on the
homeowners policy form for property damage to personal watercraft? -
ANSWER- $1,500
Which of the following would be covered perils under the DP-1 Basic
policy form? - ANSWER- riot or civil commotion
All of the following are TRUE for the hired auto liability policy
EXCEPT - ANSWER- the endorsement is available with other
commercial auto insurance.
, All the following are TRUE regarding assigned risk plans EXCEPT -
ANSWER- the insurer participation in the assigned risk program is
mandatory.
In accordance with the Fair Credit Reporting Act, in what way must a
consumer be informed that an investigative report has been ordered by
an insurer? - ANSWER- They must be informed in writing before or
soon after the report has been ordered and be allowed more information
upon written request about the report.
All of the following are TRUE of the emergency type of flood insurance
under the National Flood Insurance Program EXCEPT - ANSWER- the
insured may buy limited amounts of flood insurance coverage at
subsidized rates for buildings only
Which of the following methods of risk management have an insured
practicing actions to control risk? - ANSWER- reduction
Which of the following is TRUE when the insured's limits of insurance
apply per occurrence? - ANSWER- Coverage is triggered for smoke
damage to siding caused by repeated acts by insured's neighbor.
All of the following are correct for excess lines carriers EXCEPT -
ANSWER- they offer better contracts at lower rates.
Which of the following is one of the ways the Gramm-Leach Bliley Act
affects the insurance industry? - ANSWER- It establishes which
PRACTICE EXAM 2026 ALL
QUESTIONS AND VERIFIED ANSWERS
| ALREADY A GRADED | NEW AND
REVISED
The description of the insured will be found in which part of an
insurance policy? - ANSWER- definitions
Which of the following does Homeowners Special form (HO-3) cover
that Homeowners Broad form (HO-2) does not? - ANSWER- structures
other than the dwelling
Which of the following is the special limit of coverage on the
homeowners policy form for property damage to personal watercraft? -
ANSWER- $1,500
Which of the following would be covered perils under the DP-1 Basic
policy form? - ANSWER- riot or civil commotion
All of the following are TRUE for the hired auto liability policy
EXCEPT - ANSWER- the endorsement is available with other
commercial auto insurance.
, All the following are TRUE regarding assigned risk plans EXCEPT -
ANSWER- the insurer participation in the assigned risk program is
mandatory.
In accordance with the Fair Credit Reporting Act, in what way must a
consumer be informed that an investigative report has been ordered by
an insurer? - ANSWER- They must be informed in writing before or
soon after the report has been ordered and be allowed more information
upon written request about the report.
All of the following are TRUE of the emergency type of flood insurance
under the National Flood Insurance Program EXCEPT - ANSWER- the
insured may buy limited amounts of flood insurance coverage at
subsidized rates for buildings only
Which of the following methods of risk management have an insured
practicing actions to control risk? - ANSWER- reduction
Which of the following is TRUE when the insured's limits of insurance
apply per occurrence? - ANSWER- Coverage is triggered for smoke
damage to siding caused by repeated acts by insured's neighbor.
All of the following are correct for excess lines carriers EXCEPT -
ANSWER- they offer better contracts at lower rates.
Which of the following is one of the ways the Gramm-Leach Bliley Act
affects the insurance industry? - ANSWER- It establishes which
