New York Personal Lines Final Exam
Questions with 100% Correct Verified
Answers Grade A+ (Latest 2025-2026
Update)
Pertaining to insurance, what is the definition of a fiduciary
responsibility? --- correct answers ---Helping insureds to file claims
The additional living expense coverage on homeowners policies ---
correct answers ---Is intended to allow the family to stay in the least
expensive accomodation available
Which of the following types of property is not considered moveable?
--- correct answers ---Fixed property
Which of the following is not one of the three other coverages
available with the personal liability supplement? --- correct answers -
--Bankruptcy
Which of the following dwelling coverage forms would pay
replacement cost for the dwelling? --- correct answers ---All DP
Coverage forms
,For every excess lines policy or policy renewal procured from an
unauthorized insurer, producers must file which of the following? ---
correct answers ---A certificate of coverage
A house insured with a homeowners policy has been blown off by its
foundation by a tornado. It must be demolished and removed so a
replacement house can be built. What is true about debris removal? ---
correct answers ---It will be paid if the debris removal endorsement
has been added
The superintendent is --- correct answers ---Appointed by the
governor
An insured has a standard H0-4 policy with a $30,000 limit of
coverage for a personal property, while he was traveling a fire in his
hotel destroys clothes and luggage with a replacement value of
$10,000 and jewelry with a replacement value of $10,000.
Disregarding any deductible and assuming a depreciation of 20% has
occurred in both properties what amount is the insurer obligated to
pay? --- correct answers ---$16,000
What type of coverage does a homeowners policy include that a
dwelling policy does not? --- correct answers ---Liability
, In insurance an offer is usually made when --- correct answers ---The
completed application is submitted
What is the name of the NY database that tracks registered cars and
the policies that cover them? --- correct answers ---Insurance
Information and Enforcement System
All of the following are additional liability coverages automatically
provided in a home owners policy except (Pick from the following:
Personal injury, damage to the property of others, Loss assessment
coverage, Claims Expenses) --- correct answers ---Personal Injury
A nonadmitted insurer who provides unique insurance coverage that
is not available is called a --- correct answers ---Surplus lines insurer
Federal law makes it illegal for any individual convicted of a crime
involving dishonesty or breach of trust to work in the business of
insurance affecting interstate commerce --- correct answers ---
Without receiving written consent from an insurance regulatory
authority
Which of the following would qualify for C-Map? --- correct answers -
--A 4 family owner occupied dwelling located in a designated area
Questions with 100% Correct Verified
Answers Grade A+ (Latest 2025-2026
Update)
Pertaining to insurance, what is the definition of a fiduciary
responsibility? --- correct answers ---Helping insureds to file claims
The additional living expense coverage on homeowners policies ---
correct answers ---Is intended to allow the family to stay in the least
expensive accomodation available
Which of the following types of property is not considered moveable?
--- correct answers ---Fixed property
Which of the following is not one of the three other coverages
available with the personal liability supplement? --- correct answers -
--Bankruptcy
Which of the following dwelling coverage forms would pay
replacement cost for the dwelling? --- correct answers ---All DP
Coverage forms
,For every excess lines policy or policy renewal procured from an
unauthorized insurer, producers must file which of the following? ---
correct answers ---A certificate of coverage
A house insured with a homeowners policy has been blown off by its
foundation by a tornado. It must be demolished and removed so a
replacement house can be built. What is true about debris removal? ---
correct answers ---It will be paid if the debris removal endorsement
has been added
The superintendent is --- correct answers ---Appointed by the
governor
An insured has a standard H0-4 policy with a $30,000 limit of
coverage for a personal property, while he was traveling a fire in his
hotel destroys clothes and luggage with a replacement value of
$10,000 and jewelry with a replacement value of $10,000.
Disregarding any deductible and assuming a depreciation of 20% has
occurred in both properties what amount is the insurer obligated to
pay? --- correct answers ---$16,000
What type of coverage does a homeowners policy include that a
dwelling policy does not? --- correct answers ---Liability
, In insurance an offer is usually made when --- correct answers ---The
completed application is submitted
What is the name of the NY database that tracks registered cars and
the policies that cover them? --- correct answers ---Insurance
Information and Enforcement System
All of the following are additional liability coverages automatically
provided in a home owners policy except (Pick from the following:
Personal injury, damage to the property of others, Loss assessment
coverage, Claims Expenses) --- correct answers ---Personal Injury
A nonadmitted insurer who provides unique insurance coverage that
is not available is called a --- correct answers ---Surplus lines insurer
Federal law makes it illegal for any individual convicted of a crime
involving dishonesty or breach of trust to work in the business of
insurance affecting interstate commerce --- correct answers ---
Without receiving written consent from an insurance regulatory
authority
Which of the following would qualify for C-Map? --- correct answers -
--A 4 family owner occupied dwelling located in a designated area
