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New York auto exam 17-66 study questions with verified
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detailed answers ||
All of the following are reasons that an adjuster should keep very detailed log notes,
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EXCEPT: - ✔✔To produce notes that will support a fraudulent denial of claims. .
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The adjuster's log notes are used to determine negligent parties, to assist in detecting fraud,
|| || || || || || || || || || || || || || ||
to become a part of the claims file, and to be used in future proceedings. The log notes are
|| || || || || || || || || || || || || || || || || || ||
not intended to produce a fraudulent record to deny a claim.
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When a homeowners policy has been in effect for 60 days in New York, an insurer can
|| || || || || || || || || || || || || || || || ||
cancel at anytime for any of the following reasons, EXCEPT: - ✔✔A large loss has occurred
|| || || || || || || || || || || || || || ||
George Wilson has a personal auto policy. Select the coverage that would apply when a deer
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leaps onto Mr. Wilson's car and causes extensive damage. - ✔✔Comprehensive (other than
|| || || || || || || || || || || || || ||
collision).
Contact with a bird or animal is considered to be an "other than collision" loss.
|| || || || || || || || || || || || || ||
What is the purpose of the New York automobile inspection requirement? - ✔✔To
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determine prior damage to the vehicle . || || || || || ||
The purpose of the New York automobile inspection requirement is to determine if there
|| || || || || || || || || || || || || ||
was prior damage to the vehicle at the time coverage was put into effect.
|| || || || || || || || || || || || ||
The law recognizes two types of waivers. They are: - ✔✔Express/implied.
|| || || || || || || || || ||
, 2
They are express and implied. An express waiver occurs when the insurer or its
|| || || || || || || || || || || || || ||
representative knowingly gives up a known right under the insurance contract. Perhaps the || || || || || || || || || || || || ||
right to request an appraisal of the damaged property is an example. By comparison, an
|| || || || || || || || || || || || || || ||
implied waiver may be the result from some act of neglect on the part of the adjuster.
|| || || || || || || || || || || || || || || ||
In New York, how often may the Superintendent examine insurers doing business in the
|| || || || || || || || || || || || || ||
state? - ✔✔As often as he/she deems necessary.
|| || || || || || ||
Duplicate recovery under New York No-Fault coverage is not permitted. If the employee is
|| || || || || || || || || || || || || ||
covered under the employer's auto policy what might be done to the employee's personal
|| || || || || || || || || || || || || ||
auto insurance coverage: - ✔✔PP 05 92 will exclude medical expenses from the basic
|| || || || || || || || || || || || || ||
economic loss coverage for no-fault benefits. With commercial lines, endorsement CA 22 49
|| || || || || || || || || || || || ||
can be used. The premiums for the basic economic loss (PIP) will be reduced accordingly.
|| || || || || || || || || || || || || ||
What symbol is used for a hired auto in a commercial automobile policy? - ✔✔Symbol 8 is
|| || || || || || || || || || || || || || || || ||
used to provide hired auto coverage in a commercial automobile policy. It also includes
|| || || || || || || || || || || || || ||
leased, rented or borrowed. || || ||
A New York licensee subject to an administrative action in another jurisdiction or
|| || || || || || || || || || || || ||
governmental agency must report such action to the Superintendent within: - ✔✔The || || || || || || || || || || || ||
Superintendent must be notified within 30 days of the final disposition of the matter. || || || || || || || || || || || || ||
Jim Johnson has an automobile policy with a combined single limit of $50,000. He has an
|| || || || || || || || || || || || || || || ||
at-fault accident and incurs the following expenses: $30,000 bodily injury judgment; $30,000
|| || || || || || || || || || ||
property damage judgment; $5,000 damage to traffic light; $6,000 attorney's fees for his
|| || || || || || || || || || || || || ||
defense; $300 in premiums for appeal bond; and $75 in bail bond premiums for related
|| || || || || || || || || || || || || || ||
traffic violations. What is the maximum amount his insurance company will pay? -
|| || || || || || || || || || || || ||
✔✔56,375
The policy cannot pay more than its limit of liability. Under supplemental coverages in the
|| || || || || || || || || || || || || || ||
policy, the policy will pay the defense costs plus the cost of the premiums on appeal bonds
|| || || || || || || || || || || || || || || || ||
and bail bonds. || ||
New York auto exam 17-66 study questions with verified
|| || || || || || || || ||
detailed answers ||
All of the following are reasons that an adjuster should keep very detailed log notes,
|| || || || || || || || || || || || || || ||
EXCEPT: - ✔✔To produce notes that will support a fraudulent denial of claims. .
|| || || || || || || || || || || || ||
The adjuster's log notes are used to determine negligent parties, to assist in detecting fraud,
|| || || || || || || || || || || || || || ||
to become a part of the claims file, and to be used in future proceedings. The log notes are
|| || || || || || || || || || || || || || || || || || ||
not intended to produce a fraudulent record to deny a claim.
|| || || || || || || || || ||
When a homeowners policy has been in effect for 60 days in New York, an insurer can
|| || || || || || || || || || || || || || || || ||
cancel at anytime for any of the following reasons, EXCEPT: - ✔✔A large loss has occurred
|| || || || || || || || || || || || || || ||
George Wilson has a personal auto policy. Select the coverage that would apply when a deer
|| || || || || || || || || || || || || || ||
leaps onto Mr. Wilson's car and causes extensive damage. - ✔✔Comprehensive (other than
|| || || || || || || || || || || || || ||
collision).
Contact with a bird or animal is considered to be an "other than collision" loss.
|| || || || || || || || || || || || || ||
What is the purpose of the New York automobile inspection requirement? - ✔✔To
|| || || || || || || || || || || || ||
determine prior damage to the vehicle . || || || || || ||
The purpose of the New York automobile inspection requirement is to determine if there
|| || || || || || || || || || || || || ||
was prior damage to the vehicle at the time coverage was put into effect.
|| || || || || || || || || || || || ||
The law recognizes two types of waivers. They are: - ✔✔Express/implied.
|| || || || || || || || || ||
, 2
They are express and implied. An express waiver occurs when the insurer or its
|| || || || || || || || || || || || || ||
representative knowingly gives up a known right under the insurance contract. Perhaps the || || || || || || || || || || || || ||
right to request an appraisal of the damaged property is an example. By comparison, an
|| || || || || || || || || || || || || || ||
implied waiver may be the result from some act of neglect on the part of the adjuster.
|| || || || || || || || || || || || || || || ||
In New York, how often may the Superintendent examine insurers doing business in the
|| || || || || || || || || || || || || ||
state? - ✔✔As often as he/she deems necessary.
|| || || || || || ||
Duplicate recovery under New York No-Fault coverage is not permitted. If the employee is
|| || || || || || || || || || || || || ||
covered under the employer's auto policy what might be done to the employee's personal
|| || || || || || || || || || || || || ||
auto insurance coverage: - ✔✔PP 05 92 will exclude medical expenses from the basic
|| || || || || || || || || || || || || ||
economic loss coverage for no-fault benefits. With commercial lines, endorsement CA 22 49
|| || || || || || || || || || || || ||
can be used. The premiums for the basic economic loss (PIP) will be reduced accordingly.
|| || || || || || || || || || || || || ||
What symbol is used for a hired auto in a commercial automobile policy? - ✔✔Symbol 8 is
|| || || || || || || || || || || || || || || || ||
used to provide hired auto coverage in a commercial automobile policy. It also includes
|| || || || || || || || || || || || || ||
leased, rented or borrowed. || || ||
A New York licensee subject to an administrative action in another jurisdiction or
|| || || || || || || || || || || || ||
governmental agency must report such action to the Superintendent within: - ✔✔The || || || || || || || || || || || ||
Superintendent must be notified within 30 days of the final disposition of the matter. || || || || || || || || || || || || ||
Jim Johnson has an automobile policy with a combined single limit of $50,000. He has an
|| || || || || || || || || || || || || || || ||
at-fault accident and incurs the following expenses: $30,000 bodily injury judgment; $30,000
|| || || || || || || || || || ||
property damage judgment; $5,000 damage to traffic light; $6,000 attorney's fees for his
|| || || || || || || || || || || || || ||
defense; $300 in premiums for appeal bond; and $75 in bail bond premiums for related
|| || || || || || || || || || || || || || ||
traffic violations. What is the maximum amount his insurance company will pay? -
|| || || || || || || || || || || || ||
✔✔56,375
The policy cannot pay more than its limit of liability. Under supplemental coverages in the
|| || || || || || || || || || || || || || ||
policy, the policy will pay the defense costs plus the cost of the premiums on appeal bonds
|| || || || || || || || || || || || || || || || ||
and bail bonds. || ||
