New York Adjuster Exam questions
with correct solutions.
Terms in this set (48)
Offering any return of I. Illegal Inducement
premium, valuable II. Rebating
consideration or inducement
when purchasing an
insurance policy is an
example of:
Under a watercraft or Actual cash value
yacht policy how claims
are settled:
When may an insured sue an Not until the insured has complied with all policy
insurance company? provisions and within the time limit specified in the
state laws
What is the definition of a Someone licensed in their state and obtains a license in
non-resident agent? another state to solicit insurance business in that state. is
correct.
The correct answer is: $345,000.
Explanation:
The court awards a judgment
against the insured for The $10,000 of accrued pre judgment interest and the
$300,000 plus $10,000 of $35,000 cost of the defense are all payable as additional
accrued interest and the coverage on the policy. These amounts have no affect on
legal fees amount to an the limit of liability available in a judgment against the
additional $35,000. Our insured. So the entire amount of $345,000 is payable in this
insured has a $300,000 case.
liability limit on the policy.
How much will be paid by
the policy?
, The minimum coverage The correct answer is: $25,000 per person, $50,000 per
required in New York for accident. .
uninsured motorists bodily
injury is: Explanation:
New York state law established the minimum coverage
limits of $25,000 per person, $50,000 per accident and up
to $50,000 per person, and $100,000 per accident for
death.
If an insured wishes to cover Purchase the Mobile Home Transportation Coverage
the mobile home while it is Endorsement on the homeowner policy
being transported from one
location to another would:
The workers compensation National Council on Compensation Insurance (NCCI)
policy language is written by
the:
When a homeowners A large loss has occurred
policy has been in effect for
60 days in New York, an
insurer can cancel at anytime
for any of the following
reasons, EXCEPT:
Under the underinsured The difference between the negligent driver's coverage and
motorist limit, how much will the insured's underinsured motorist coverage
be paid on a claim providing
the insured can prove his or
her claim for damages?
An Authorized Representative of the Insurer
Who signs the declarations
page on most property and
casualty policies?
with correct solutions.
Terms in this set (48)
Offering any return of I. Illegal Inducement
premium, valuable II. Rebating
consideration or inducement
when purchasing an
insurance policy is an
example of:
Under a watercraft or Actual cash value
yacht policy how claims
are settled:
When may an insured sue an Not until the insured has complied with all policy
insurance company? provisions and within the time limit specified in the
state laws
What is the definition of a Someone licensed in their state and obtains a license in
non-resident agent? another state to solicit insurance business in that state. is
correct.
The correct answer is: $345,000.
Explanation:
The court awards a judgment
against the insured for The $10,000 of accrued pre judgment interest and the
$300,000 plus $10,000 of $35,000 cost of the defense are all payable as additional
accrued interest and the coverage on the policy. These amounts have no affect on
legal fees amount to an the limit of liability available in a judgment against the
additional $35,000. Our insured. So the entire amount of $345,000 is payable in this
insured has a $300,000 case.
liability limit on the policy.
How much will be paid by
the policy?
, The minimum coverage The correct answer is: $25,000 per person, $50,000 per
required in New York for accident. .
uninsured motorists bodily
injury is: Explanation:
New York state law established the minimum coverage
limits of $25,000 per person, $50,000 per accident and up
to $50,000 per person, and $100,000 per accident for
death.
If an insured wishes to cover Purchase the Mobile Home Transportation Coverage
the mobile home while it is Endorsement on the homeowner policy
being transported from one
location to another would:
The workers compensation National Council on Compensation Insurance (NCCI)
policy language is written by
the:
When a homeowners A large loss has occurred
policy has been in effect for
60 days in New York, an
insurer can cancel at anytime
for any of the following
reasons, EXCEPT:
Under the underinsured The difference between the negligent driver's coverage and
motorist limit, how much will the insured's underinsured motorist coverage
be paid on a claim providing
the insured can prove his or
her claim for damages?
An Authorized Representative of the Insurer
Who signs the declarations
page on most property and
casualty policies?
