2/9/26, 4:00 PM New York State Property and Casualty Insurance Exam Questions & Answers | 100% Verified solutions |Questions with Correct Ans…
New York State Property and Casualty Insurance
Exam Questions & Answers | 100% Verified
solutions |Questions with Correct Answers 2026
latest update!!
Save
Terms in this set (98)
Physical damage coverage under a Yes; The dealer's physical damage limit would be
garage policy is a blanket limit for done on a blanket limit basis. This would apply to
covered auto, an accurate comprehensive and collision losses to the auto
statement? inventory of the dealer. This is done because it is
simply not practical to schedule each dealer
owned vehicle for physical damage. This is
generally accomplished by the use of a monthly
reporting form.
An insured owns a motorcycle, a Misc. Type Vehicle Endorsement; The
moped and a motor home. What "miscellaneous type vehicle" endorsement is added
endorsement is added to the for these types of recreational vehicles. Note that
personal auto policy to provide ISO has a separate endorsement for snowmobiles.
coverage?
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,2/9/26, 4:00 PM New York State Property and Casualty Insurance Exam Questions & Answers | 100% Verified solutions |Questions with Correct Ans…
Investment consultants should Professional Liability; Errors and omissions
purchase which of the following coverage does not involve bodily injury or
policies to protect themselves from property damage, which is provided by other types
errors and omissions? of policies. This is why professional liability
coverage is needed. Medical malpractice insurance
does cover bodily injury.
The negligent act of the agent is Directly liable for damages to a third party caused
imputed to the principal if the act by the agent (employee)..This is sometimes referred
occurred within the course and to as "vicarious" liability.
scope of the agent's employment.
This means that the principal
becomes:
Which of the Homeowner's polices An HO-3 Policy; A homeowner policy specifically
does not include coverage for excludes flood coverage.
flood?
The purpose of a Medicare pay for services not covered by Medicare;
Supplement policy, (aka Medi Gap), Medicare coverage contains deductibles and
is to: coinsurance payments. Having a Medicare
Supplement/Medi Gap policy, offered by
commercial insurers, is designed to cover those
coverage gaps.
Under the Federal Insurance Fraud Insurance Regulatory Official; Only an insurance
and False Statements Act, if regulatory official, such as the Insurance
someone is prohibited from doing Commissioner, can grant permission to resume
business in a state, approval to business.
resume transacting business must be
granted by:
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, 2/9/26, 4:00 PM New York State Property and Casualty Insurance Exam Questions & Answers | 100% Verified solutions |Questions with Correct Ans…
What is not reflected in a privacy Categories of medical information; Medical
report? information is not a topic in a privacy report. It
deals with financial issues only.
If the surviving spouse of a covered For life; Generally, the surviving spouse receives
worker does not remarry, how long benefits for the remainder of his or her life, except
are death benefits paid to the in situations where they remarry. In situations where
surviving spouse if the worker is the surviving spouse remarries, the spouse
killed in a work related incident in receives a lump-sum of two years of benefits.
New York?
An insured has purchased a The replacing insurer; Since this transaction is a
Medicare supplement policy from a replacement, the insurance regulations of the state
new insurer, replacing a policy from require that the replacing insurer must provide the
a previous insurer. A "Notice of applicant with a Notice of Replacement
Replacement" must be provided to
this individual by:
What mandate is given in the There is no mandate in any federal or state law
Affordable Care Act requiring all requiring employer group plans or individual health
health plans to offer child plans to provide dependent health coverage;
dependency coverage to age 26? None. Health plans are not required by any law to
offer dependent care coverage. However, if a
group health plan or insurer provides coverage for
children, the plan must make such coverage
available for a child until age 26.
What injury is covered under the A shopper is injured while visiting a showroom
medical payments section of an owned by the insured; The coverage excludes
insured's CGL policy? injuries to employees, persons participating in an
athletic event on the insured's premises and injuries
to tenants. The shopper is the only third party that
would be covered.
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New York State Property and Casualty Insurance
Exam Questions & Answers | 100% Verified
solutions |Questions with Correct Answers 2026
latest update!!
Save
Terms in this set (98)
Physical damage coverage under a Yes; The dealer's physical damage limit would be
garage policy is a blanket limit for done on a blanket limit basis. This would apply to
covered auto, an accurate comprehensive and collision losses to the auto
statement? inventory of the dealer. This is done because it is
simply not practical to schedule each dealer
owned vehicle for physical damage. This is
generally accomplished by the use of a monthly
reporting form.
An insured owns a motorcycle, a Misc. Type Vehicle Endorsement; The
moped and a motor home. What "miscellaneous type vehicle" endorsement is added
endorsement is added to the for these types of recreational vehicles. Note that
personal auto policy to provide ISO has a separate endorsement for snowmobiles.
coverage?
https://quizlet.com/1141474975/new-york-state-property-and-casualty-insurance-exam-questions-answers-100-verified-solutions-questions-with-corre… 1/22
,2/9/26, 4:00 PM New York State Property and Casualty Insurance Exam Questions & Answers | 100% Verified solutions |Questions with Correct Ans…
Investment consultants should Professional Liability; Errors and omissions
purchase which of the following coverage does not involve bodily injury or
policies to protect themselves from property damage, which is provided by other types
errors and omissions? of policies. This is why professional liability
coverage is needed. Medical malpractice insurance
does cover bodily injury.
The negligent act of the agent is Directly liable for damages to a third party caused
imputed to the principal if the act by the agent (employee)..This is sometimes referred
occurred within the course and to as "vicarious" liability.
scope of the agent's employment.
This means that the principal
becomes:
Which of the Homeowner's polices An HO-3 Policy; A homeowner policy specifically
does not include coverage for excludes flood coverage.
flood?
The purpose of a Medicare pay for services not covered by Medicare;
Supplement policy, (aka Medi Gap), Medicare coverage contains deductibles and
is to: coinsurance payments. Having a Medicare
Supplement/Medi Gap policy, offered by
commercial insurers, is designed to cover those
coverage gaps.
Under the Federal Insurance Fraud Insurance Regulatory Official; Only an insurance
and False Statements Act, if regulatory official, such as the Insurance
someone is prohibited from doing Commissioner, can grant permission to resume
business in a state, approval to business.
resume transacting business must be
granted by:
https://quizlet.com/1141474975/new-york-state-property-and-casualty-insurance-exam-questions-answers-100-verified-solutions-questions-with-corre… 2/22
, 2/9/26, 4:00 PM New York State Property and Casualty Insurance Exam Questions & Answers | 100% Verified solutions |Questions with Correct Ans…
What is not reflected in a privacy Categories of medical information; Medical
report? information is not a topic in a privacy report. It
deals with financial issues only.
If the surviving spouse of a covered For life; Generally, the surviving spouse receives
worker does not remarry, how long benefits for the remainder of his or her life, except
are death benefits paid to the in situations where they remarry. In situations where
surviving spouse if the worker is the surviving spouse remarries, the spouse
killed in a work related incident in receives a lump-sum of two years of benefits.
New York?
An insured has purchased a The replacing insurer; Since this transaction is a
Medicare supplement policy from a replacement, the insurance regulations of the state
new insurer, replacing a policy from require that the replacing insurer must provide the
a previous insurer. A "Notice of applicant with a Notice of Replacement
Replacement" must be provided to
this individual by:
What mandate is given in the There is no mandate in any federal or state law
Affordable Care Act requiring all requiring employer group plans or individual health
health plans to offer child plans to provide dependent health coverage;
dependency coverage to age 26? None. Health plans are not required by any law to
offer dependent care coverage. However, if a
group health plan or insurer provides coverage for
children, the plan must make such coverage
available for a child until age 26.
What injury is covered under the A shopper is injured while visiting a showroom
medical payments section of an owned by the insured; The coverage excludes
insured's CGL policy? injuries to employees, persons participating in an
athletic event on the insured's premises and injuries
to tenants. The shopper is the only third party that
would be covered.
https://quizlet.com/1141474975/new-york-state-property-and-casualty-insurance-exam-questions-answers-100-verified-solutions-questions-with-corre… 3/22
