New York adjuster exam all questions
with correct verified detailed complete
answers already graded A+ latest update
2025
An insured is covered under a BOP policy. He insures a piece of
equipment separately under a floater policy. In case of a loss what
coverage will apply under the BOP policy? --- correct answers ---The
BOP will be excess over the floater policy
Which of the following is NOT a claim settlement option in a property
loss? --- correct answers ---pay market value only
Under which of the following claims settlements are the claim
invoices presented and paid with no attempt to obtain a separate
release? --- correct answers ---A walk-away release.
,Under the New York Cyber Security Regulation, each covered entity
must maintain documentation supporting certification of compliance
with the regulation for: --- correct answers ---5 years
If an insured would like to purchase broader coverage than is already
provided under the Homeowners forms for camera equipment, this
coverage can be obtained through: --- correct answers ---Scheduled
Personal Property endorsement
A typical boatowners policy includes all of the following coverages
EXCEPT: --- correct answers ---When used to carry cargo for others
for a fee .
Which of the following is considered to be a guarantee of truth
throughout the duration of the policy? --- correct answers ---warranty
Which of the following best describes the purpose of an "insuring
agreement"? --- correct answers ---To describe the promises of the
insurer and the insured and the coverages provided
The unfair claim settlement laws and regulations in New York provide
that a violation in each instance will be treated as a separate
,violation. A fine in the amount of _____ will be imposed against the
insurance company for each violation. --- correct answers ---$500
The insured has an HO-3 homeowner policy. During the night, a water
line in the wall to the upstairs bathroom burst and water ruined the
walls, floor and furniture. In this situation all of the damages will be
covered, EXCEPT: --- correct answers ---the pipe
Replacement cost coverage is best defined as: --- correct answers ---
Replacement without deduction for depreciation..
Coverage A of the Homeowners policy would provide coverage for all
of the following, EXCEPT: --- correct answers ---A storage shed
connected to the dwelling by a utility line
The endorsement to the homeowner policy for water that backs up
through a sewer or drain including mechanical breakdown of a sump
pump contains which of the following? --- correct answers ---The
endorsement will set a limit of coverage per occurrence for these
losses and also impose a stated deductible, which could be less than or
greater than the standard deductible for property losses stated on the
declarations page. Both the coverage limit and the deductible vary
based on each insurer's underwriting guidelines.
, Which part of an insurance policy sets the rules of conduct, duties,
and obligations of the insured and insurer under the terms of the
insurance contract? --- correct answers ---Conditions
What does "Transfer Of Your Rights And Duties Under This Policy"
refer to in the BOP? --- correct answers ---The Subrogation Clause
When a claimant is represented by an attorney, which of the following
is prohibited by the adjuster? --- correct answers ---Contact the
claimant without the consent of the attorney
A building is insured by three insurance companies to spread coverage
on a particular type of hazardous risk. In case of a loss under a
Commercial Property policy, the payment of the claim would invoke
the pro-rata liability clause which means: --- correct answers ---Each
insurer pays in accordance to the percentage its coverage bears to the
total amount of insurance in force.
A farmer purchases a crop hail policy with a limit of $10,000 on 5000
acres that sustains a 30% loss. Coverage is written with a 5%
minimum loss before the policy will pay. How much will the farmer
receive? --- correct answers ---$3,000
with correct verified detailed complete
answers already graded A+ latest update
2025
An insured is covered under a BOP policy. He insures a piece of
equipment separately under a floater policy. In case of a loss what
coverage will apply under the BOP policy? --- correct answers ---The
BOP will be excess over the floater policy
Which of the following is NOT a claim settlement option in a property
loss? --- correct answers ---pay market value only
Under which of the following claims settlements are the claim
invoices presented and paid with no attempt to obtain a separate
release? --- correct answers ---A walk-away release.
,Under the New York Cyber Security Regulation, each covered entity
must maintain documentation supporting certification of compliance
with the regulation for: --- correct answers ---5 years
If an insured would like to purchase broader coverage than is already
provided under the Homeowners forms for camera equipment, this
coverage can be obtained through: --- correct answers ---Scheduled
Personal Property endorsement
A typical boatowners policy includes all of the following coverages
EXCEPT: --- correct answers ---When used to carry cargo for others
for a fee .
Which of the following is considered to be a guarantee of truth
throughout the duration of the policy? --- correct answers ---warranty
Which of the following best describes the purpose of an "insuring
agreement"? --- correct answers ---To describe the promises of the
insurer and the insured and the coverages provided
The unfair claim settlement laws and regulations in New York provide
that a violation in each instance will be treated as a separate
,violation. A fine in the amount of _____ will be imposed against the
insurance company for each violation. --- correct answers ---$500
The insured has an HO-3 homeowner policy. During the night, a water
line in the wall to the upstairs bathroom burst and water ruined the
walls, floor and furniture. In this situation all of the damages will be
covered, EXCEPT: --- correct answers ---the pipe
Replacement cost coverage is best defined as: --- correct answers ---
Replacement without deduction for depreciation..
Coverage A of the Homeowners policy would provide coverage for all
of the following, EXCEPT: --- correct answers ---A storage shed
connected to the dwelling by a utility line
The endorsement to the homeowner policy for water that backs up
through a sewer or drain including mechanical breakdown of a sump
pump contains which of the following? --- correct answers ---The
endorsement will set a limit of coverage per occurrence for these
losses and also impose a stated deductible, which could be less than or
greater than the standard deductible for property losses stated on the
declarations page. Both the coverage limit and the deductible vary
based on each insurer's underwriting guidelines.
, Which part of an insurance policy sets the rules of conduct, duties,
and obligations of the insured and insurer under the terms of the
insurance contract? --- correct answers ---Conditions
What does "Transfer Of Your Rights And Duties Under This Policy"
refer to in the BOP? --- correct answers ---The Subrogation Clause
When a claimant is represented by an attorney, which of the following
is prohibited by the adjuster? --- correct answers ---Contact the
claimant without the consent of the attorney
A building is insured by three insurance companies to spread coverage
on a particular type of hazardous risk. In case of a loss under a
Commercial Property policy, the payment of the claim would invoke
the pro-rata liability clause which means: --- correct answers ---Each
insurer pays in accordance to the percentage its coverage bears to the
total amount of insurance in force.
A farmer purchases a crop hail policy with a limit of $10,000 on 5000
acres that sustains a 30% loss. Coverage is written with a 5%
minimum loss before the policy will pay. How much will the farmer
receive? --- correct answers ---$3,000
