4/25/25, 2:19 PM
New York Adjuster Exam 2025
Your time: 96 min
Correct 180
100%
Incorrect 0
Next steps
Your answers
1 of 180
Term
Adverse selection occurs when:
Adverse selection happens when Applicants are accepted by the
premiums are set too low for all insurer with little or no attention
applicants. given to underwriting. .
1/121
,4/25/25, 2:19 PM
Insurers conduct thorough
Adverse selection occurs when only
investigations before accepting
high-risk applicants are rejected.
applicants.
2 of 180
Term
Which of the following best describes "no release or walk-away"
release?
The bills are paid and no
The bills are partially paid and a walk-
attempt to obtain a separate
away agreement is signed.
release is made. .
The bills are ignored and no legal The bills are unpaid and a legal
action is taken. release is pursued.
3 of 180
2/121
,4/25/25, 2:19 PM
Term
If you have the Agreed Value Option on your policy and it is not
renewed, at expiration your policy reverts:
To a standard policy limit Back to the coinsurance clause
To a new agreed value To a higher deductible option
4 of 180
Term
All of the following are true regarding the "write your own" program
under flood insurance, EXCEPT:
Insurers are required to Insurers must provide coverage
participate in the program without limits.
Insurers can opt-out of the program Insurers are penalized for not
at any time. participating.
3/121
, 4/25/25, 2:19 PM
5 of 180
Term
The Terrorism Risk Insurance Program Reauthorization Act of 2015
covers all of the following, EXCEPT:
Farm Property Coverage Form Farm Liability Coverage Form
Fire Insurance Crop Insurance
6 of 180
Definition
separate coverage and separate deductible
4/121
New York Adjuster Exam 2025
Your time: 96 min
Correct 180
100%
Incorrect 0
Next steps
Your answers
1 of 180
Term
Adverse selection occurs when:
Adverse selection happens when Applicants are accepted by the
premiums are set too low for all insurer with little or no attention
applicants. given to underwriting. .
1/121
,4/25/25, 2:19 PM
Insurers conduct thorough
Adverse selection occurs when only
investigations before accepting
high-risk applicants are rejected.
applicants.
2 of 180
Term
Which of the following best describes "no release or walk-away"
release?
The bills are paid and no
The bills are partially paid and a walk-
attempt to obtain a separate
away agreement is signed.
release is made. .
The bills are ignored and no legal The bills are unpaid and a legal
action is taken. release is pursued.
3 of 180
2/121
,4/25/25, 2:19 PM
Term
If you have the Agreed Value Option on your policy and it is not
renewed, at expiration your policy reverts:
To a standard policy limit Back to the coinsurance clause
To a new agreed value To a higher deductible option
4 of 180
Term
All of the following are true regarding the "write your own" program
under flood insurance, EXCEPT:
Insurers are required to Insurers must provide coverage
participate in the program without limits.
Insurers can opt-out of the program Insurers are penalized for not
at any time. participating.
3/121
, 4/25/25, 2:19 PM
5 of 180
Term
The Terrorism Risk Insurance Program Reauthorization Act of 2015
covers all of the following, EXCEPT:
Farm Property Coverage Form Farm Liability Coverage Form
Fire Insurance Crop Insurance
6 of 180
Definition
separate coverage and separate deductible
4/121
