NY ADJUSTER PRACTICE
EXAM 2026/2027 ACTUAL
QUESTIONS WITH VERIFIED
ANSWERS.
1. At what age MUST an owner of a Traditional IRA start taking
distributions? - correct answer-70 1/2
2. How does the BOP differ from the CPP? - correct answer-
The BOP prepackages a group of coverages desirable to
small businesses.
3. Which of the following describes market value? - correct
answer-It is what property could be sold for
4. Which of the following statements BEST describes Credit
Life Insurance? - correct answer-Insurance issued on a
debtor to cover outstanding debt.
,5. An insured has been unable to sell his house for the past 18
months. He was desperate and decides to set fire to his
house to collect the insurance money. This loss would NOT
be paid under the Homeowners Policy because - correct
answer-The loss was intentional
6. Exclusions common to liability coverage for both the
personal auto policy and the business auto policy include all
of the following EXCEPT - correct answer-For liability arising
while the insured auto is being used in an auto business
7. As a general rule, commercial inland marine insurance
covers all of following EXCEPT - correct answer-
Merchandise while it is being manufactured
8. The description of the insured will be found in which part of
an insurance policy? - correct answer-Definitions
9. A basic vision care package includes all of the following
EXCEPT - correct answer-Safety glasses
, 10. A bank customer's identity was compromised and the
thieves made numerous purchases from a retailer by signing
the customer's checks. When the bank refused to make
payment for the goods, the retailer brought suit against the
bank. Which coverage indemnified the bank for liability in the
suit? - correct answer-Forgery and Alteration
11. The Terrorism Risk Insurance Act and the National Flood
Insurance Program are similar by providing which of the
following? - correct answer-Subsidies, loss sharing or excess
coverage
12. Offer, acceptance, and consideration are necessary
elements of - correct answer-A contract
13. All of the following would be eligible expenses after a loss
under Coverage E Additional Living Expense EXCEPT -
correct answer-Mortgage Expenses
14. Which is an example of when an immediate annuity would
be appropriate? - correct answer-Upon receipt of large
insurance proceeds
EXAM 2026/2027 ACTUAL
QUESTIONS WITH VERIFIED
ANSWERS.
1. At what age MUST an owner of a Traditional IRA start taking
distributions? - correct answer-70 1/2
2. How does the BOP differ from the CPP? - correct answer-
The BOP prepackages a group of coverages desirable to
small businesses.
3. Which of the following describes market value? - correct
answer-It is what property could be sold for
4. Which of the following statements BEST describes Credit
Life Insurance? - correct answer-Insurance issued on a
debtor to cover outstanding debt.
,5. An insured has been unable to sell his house for the past 18
months. He was desperate and decides to set fire to his
house to collect the insurance money. This loss would NOT
be paid under the Homeowners Policy because - correct
answer-The loss was intentional
6. Exclusions common to liability coverage for both the
personal auto policy and the business auto policy include all
of the following EXCEPT - correct answer-For liability arising
while the insured auto is being used in an auto business
7. As a general rule, commercial inland marine insurance
covers all of following EXCEPT - correct answer-
Merchandise while it is being manufactured
8. The description of the insured will be found in which part of
an insurance policy? - correct answer-Definitions
9. A basic vision care package includes all of the following
EXCEPT - correct answer-Safety glasses
, 10. A bank customer's identity was compromised and the
thieves made numerous purchases from a retailer by signing
the customer's checks. When the bank refused to make
payment for the goods, the retailer brought suit against the
bank. Which coverage indemnified the bank for liability in the
suit? - correct answer-Forgery and Alteration
11. The Terrorism Risk Insurance Act and the National Flood
Insurance Program are similar by providing which of the
following? - correct answer-Subsidies, loss sharing or excess
coverage
12. Offer, acceptance, and consideration are necessary
elements of - correct answer-A contract
13. All of the following would be eligible expenses after a loss
under Coverage E Additional Living Expense EXCEPT -
correct answer-Mortgage Expenses
14. Which is an example of when an immediate annuity would
be appropriate? - correct answer-Upon receipt of large
insurance proceeds
