New York Personal Lines Final Exam (Latest
Update) Questions and
Verified Answers | 100% Correct | Grade A
Agent C uses her license to write only business other than
controlled. Is this a violation? - {✔✔ANSWER✔✔}-No
What describes the transfer of a legal right or interest in an
insurance policy? - {✔✔ANSWER✔✔}-Assignment
With regards to a homeowners policy, which coverage provides
for indirect or consequential losses? - {✔✔ANSWER✔✔}-
Coverage D
A passenger is injured while getting into a friends car. Which of
the following statements would apply if both the passenger and
the driver had medical payments coverage under the auto
policy. - {✔✔ANSWER✔✔}-The drivers policy would be
primary.
,Adverse selection is a concept best described as: -
{✔✔ANSWER✔✔}-Risks with higher probability of loss,
seeking insurances more often than other risks.
An example of an alien insurer doing business in NY is one
formed under the laws of - {✔✔ANSWER✔✔}-Mexico
According to the NY motor vehicle financial responsibility law
what are the required limits of liability on auto policies issued in
this state? - {✔✔ANSWER✔✔}-25/50/10
Which of the following examples of losses paid under an HO-3
homeowners policy? - {✔✔ANSWER✔✔}-Damage to the
dwelling caused by lava or dust from volcanic eruption.
The insureds car was hit and damaged by a deer. Under which
of the following coverages in a personal auto policy would this
loss be paid? - {✔✔ANSWER✔✔}-Other-Than- Collision
Negligence may be defined as - {✔✔ANSWER✔✔}-The
failure to use reasonable and prudent care
, When the direct chain of events resulting from a negligent act
causes injury or damage that act is considered to be -
{✔✔ANSWER✔✔}-A proximate cause
All of the following are major coverages included in the
homeowners policy except - {✔✔ANSWER✔✔}-Loss of
income
Which of the following would be added for coverage under a
property policy by an endorsement? - {✔✔ANSWER✔✔}-
Additional Insureds
Under the automobile assigned risk plan how much coverage
must be provided to the insured for liability arising out of the
death of two persons caused by a single auto accident? -
{✔✔ANSWER✔✔}-Up to 100,000$
An insured relocated to another state for work. However, she
still owns and insures a house in this state, but has had no one
living in it for 3 months. She is also storing some of furniture
and clothes in the house. From an insurance standpoint, the
Update) Questions and
Verified Answers | 100% Correct | Grade A
Agent C uses her license to write only business other than
controlled. Is this a violation? - {✔✔ANSWER✔✔}-No
What describes the transfer of a legal right or interest in an
insurance policy? - {✔✔ANSWER✔✔}-Assignment
With regards to a homeowners policy, which coverage provides
for indirect or consequential losses? - {✔✔ANSWER✔✔}-
Coverage D
A passenger is injured while getting into a friends car. Which of
the following statements would apply if both the passenger and
the driver had medical payments coverage under the auto
policy. - {✔✔ANSWER✔✔}-The drivers policy would be
primary.
,Adverse selection is a concept best described as: -
{✔✔ANSWER✔✔}-Risks with higher probability of loss,
seeking insurances more often than other risks.
An example of an alien insurer doing business in NY is one
formed under the laws of - {✔✔ANSWER✔✔}-Mexico
According to the NY motor vehicle financial responsibility law
what are the required limits of liability on auto policies issued in
this state? - {✔✔ANSWER✔✔}-25/50/10
Which of the following examples of losses paid under an HO-3
homeowners policy? - {✔✔ANSWER✔✔}-Damage to the
dwelling caused by lava or dust from volcanic eruption.
The insureds car was hit and damaged by a deer. Under which
of the following coverages in a personal auto policy would this
loss be paid? - {✔✔ANSWER✔✔}-Other-Than- Collision
Negligence may be defined as - {✔✔ANSWER✔✔}-The
failure to use reasonable and prudent care
, When the direct chain of events resulting from a negligent act
causes injury or damage that act is considered to be -
{✔✔ANSWER✔✔}-A proximate cause
All of the following are major coverages included in the
homeowners policy except - {✔✔ANSWER✔✔}-Loss of
income
Which of the following would be added for coverage under a
property policy by an endorsement? - {✔✔ANSWER✔✔}-
Additional Insureds
Under the automobile assigned risk plan how much coverage
must be provided to the insured for liability arising out of the
death of two persons caused by a single auto accident? -
{✔✔ANSWER✔✔}-Up to 100,000$
An insured relocated to another state for work. However, she
still owns and insures a house in this state, but has had no one
living in it for 3 months. She is also storing some of furniture
and clothes in the house. From an insurance standpoint, the
