Insurance License NY Questions and
Answers Graded A
New home buyer S called his agent and told him that he wanted the broadest coverage available
for his new home. Which policy would the agent be most likely to recommend?
A) HO-3
B) HO-5
C) HO-2
D) HO-8 ✔✔B
Which of the following best defines a hazard?
A) It eliminates the chance of loss
B) It increases the chance of loss
C) It is a cause of loss
D) It increases the amount of loss ✔✔B
Under the Homeowners Forms, Coverage C includes which type of coverage?
,A
Other Structures
B
Additional Living Expense
C
Special Damages
D
Contents and Personal Property ✔✔D
Under Coverage A of a Dwelling Policy, all of the following are covered, except:
A
Fire or lightning damage to outdoor television antennas
B
Land, including the land on which the dwelling is located
C
Materials for repairing the dwelling, located on the described location
,D
Outdoor equipment on the location used to service the dwelling ✔✔B
Which of the following definitions is NOT amended by the Miscellaneous Type Vehicle - New
York PP 03 29 Endorsement?
A
Newly Acquired Auto
B
Insured
C
Miscellaneous Type Vehicle
D
Physical Damage ✔✔D
Which federal entity administers the Terrorism Insurance Program created by TRIA?
A
Department of Homeland Security
, B
Department of the Treasury
C
NAIC
D
Department of Defense ✔✔B
Which of the following is part of the legal responsibility of maintaining an insurance license?
A
An agent must inform the Superintendent of any change in address within 10 days
B
An agent must inform the Superintendent of any change in address within 60 days
C
An agent must inform the Superintendent of any change in address within 30 days
D
An agent must inform the Superintendent of any change in address within ✔✔C
Answers Graded A
New home buyer S called his agent and told him that he wanted the broadest coverage available
for his new home. Which policy would the agent be most likely to recommend?
A) HO-3
B) HO-5
C) HO-2
D) HO-8 ✔✔B
Which of the following best defines a hazard?
A) It eliminates the chance of loss
B) It increases the chance of loss
C) It is a cause of loss
D) It increases the amount of loss ✔✔B
Under the Homeowners Forms, Coverage C includes which type of coverage?
,A
Other Structures
B
Additional Living Expense
C
Special Damages
D
Contents and Personal Property ✔✔D
Under Coverage A of a Dwelling Policy, all of the following are covered, except:
A
Fire or lightning damage to outdoor television antennas
B
Land, including the land on which the dwelling is located
C
Materials for repairing the dwelling, located on the described location
,D
Outdoor equipment on the location used to service the dwelling ✔✔B
Which of the following definitions is NOT amended by the Miscellaneous Type Vehicle - New
York PP 03 29 Endorsement?
A
Newly Acquired Auto
B
Insured
C
Miscellaneous Type Vehicle
D
Physical Damage ✔✔D
Which federal entity administers the Terrorism Insurance Program created by TRIA?
A
Department of Homeland Security
, B
Department of the Treasury
C
NAIC
D
Department of Defense ✔✔B
Which of the following is part of the legal responsibility of maintaining an insurance license?
A
An agent must inform the Superintendent of any change in address within 10 days
B
An agent must inform the Superintendent of any change in address within 60 days
C
An agent must inform the Superintendent of any change in address within 30 days
D
An agent must inform the Superintendent of any change in address within ✔✔C
