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New York Personal Lines Final Exam
2025-2026 Certified Exam Questions
With Correct Answers
An insured has an auto liability policy with limits of 25/50/15 The insured is
| | | | | | | | | | | | |
involved in an accident, caused by her negligence and is held legally liable for
| | | | | | | | | | | | | |
bodily injuries of 3 persons. How much will her insurer pay? - Correct-answer-
| | | | | | | | | | | | |
$50,000
An insured hits a deer and crashes his car into a tree. The total damage to
| | | | | | | | | | | | | | |
the vehicle is $6,000. How will this loss be covered? - Correct-answer-$6,000
| | | | | | | | | | | |
paid under Other-than insurance
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Which of the following types of property would be covered in homeowners
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coverage forms? (1.) Structures other than a private garage, rented to others
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who are not tenants of the dwelling. 2.) Animals, birds, or fish. 3.) Landlord
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furnishings in an on-premise apartment. 4.) Structures used for business
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purposes.) - Correct- answer-Landlord furnishings in an on-premise apartment
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Which of the following is not a characteristic of insurable risk? ( 1.) The loss must
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be catastrophic. 2.) The loss must be due to chance. 3.) The loss must be
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measurable in dollars. 4.) The loss exposure must be large.) - Correct-answer-The
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loss must be catastrophic
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What is an actuary? - Correct-answer-Someone who is an expert in economics,
| | | | | | | | | | |
statistics, and math
| | |
What is the deductible of a personal liability umbrella policy called? - Correct-
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answer-The SIR
| |
Claim related expenses, reasonable expenses incurred by an insured to protect
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damaged property from further loss, or defense expenses are covered by which
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part of a policy? - Correct-answer-Additional coverage
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All of the following would be eligible for coverage under the dwelling policy
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except (1.) A dwelling in the course of construction. 2.) A duplex with one
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primary owner. 3.) A house that has 5 residential units. 4.) A tenant occupied
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dwelling) - Correct-answer-A house that has 5 residential units
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All of the following are conditions commonly found in the insurance policy except:
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( 1.) Subrogation, 2.) Appraisal, 3.) Insuring Agreement, 4.) Cancellation and
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Nonrenewal.) - Correct-answer-Insuring agreement
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Within how many years of a loss may an insured bring a lawsuit against an insurer
| | | | | | | | | | | | | | |
according to the dwelling policy? - Correct-answer-2 years
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An insured has 4 separate but identical policies written by different insureds to
| | | | | | | | | | | |
cover her 100,000$ building. Each policy is written for 100,000$ and each has
| | | | | | | | | | | | |
the pro rata liability other insurance clause. In the event of a total loss to the
| | | | | | | | | | | | | | | |
building what would each insurer pay? - Correct-answer-Each policy will pay
| | | | | | | | | | |
25,000$ of the loss.
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Under the dwelling policy form, what is the maximum time limit during which
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multiple volcanic activities would be considered part of one occurence? -
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Correct- answer-72 hours
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Under Coverage C of a homeowners policy, the amount of insurance provided to
| | | | | | | | | | | |
cover personal property of the insured is - Correct-answer-50% of the amount
| | | | | | | | | | | |
provided in Coverage A
| | | |
New York Personal Lines Final Exam
2025-2026 Certified Exam Questions
With Correct Answers
An insured has an auto liability policy with limits of 25/50/15 The insured is
| | | | | | | | | | | | |
involved in an accident, caused by her negligence and is held legally liable for
| | | | | | | | | | | | | |
bodily injuries of 3 persons. How much will her insurer pay? - Correct-answer-
| | | | | | | | | | | | |
$50,000
An insured hits a deer and crashes his car into a tree. The total damage to
| | | | | | | | | | | | | | |
the vehicle is $6,000. How will this loss be covered? - Correct-answer-$6,000
| | | | | | | | | | | |
paid under Other-than insurance
| | | |
Which of the following types of property would be covered in homeowners
| | | | | | | | | | |
coverage forms? (1.) Structures other than a private garage, rented to others
| | | | | | | | | | | |
who are not tenants of the dwelling. 2.) Animals, birds, or fish. 3.) Landlord
| | | | | | | | | | | | | |
furnishings in an on-premise apartment. 4.) Structures used for business
| | | | | | | | | |
purposes.) - Correct- answer-Landlord furnishings in an on-premise apartment
| | | | | | | | |
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Which of the following is not a characteristic of insurable risk? ( 1.) The loss must
| | | | | | | | | | | | | | |
be catastrophic. 2.) The loss must be due to chance. 3.) The loss must be
| | | | | | | | | | | | | | |
measurable in dollars. 4.) The loss exposure must be large.) - Correct-answer-The
| | | | | | | | | | | |
loss must be catastrophic
| | | |
What is an actuary? - Correct-answer-Someone who is an expert in economics,
| | | | | | | | | | |
statistics, and math
| | |
What is the deductible of a personal liability umbrella policy called? - Correct-
| | | | | | | | | | | |
answer-The SIR
| |
Claim related expenses, reasonable expenses incurred by an insured to protect
| | | | | | | | | |
damaged property from further loss, or defense expenses are covered by which
| | | | | | | | | | | |
part of a policy? - Correct-answer-Additional coverage
| | | | | | |
All of the following would be eligible for coverage under the dwelling policy
| | | | | | | | | | | |
except (1.) A dwelling in the course of construction. 2.) A duplex with one
| | | | | | | | | | | | | |
primary owner. 3.) A house that has 5 residential units. 4.) A tenant occupied
| | | | | | | | | | | | | |
dwelling) - Correct-answer-A house that has 5 residential units
| | | | | | | | |
, 3 || |P | a | g | e
All of the following are conditions commonly found in the insurance policy except:
| | | | | | | | | | | |
( 1.) Subrogation, 2.) Appraisal, 3.) Insuring Agreement, 4.) Cancellation and
| | | | | | | | | | |
Nonrenewal.) - Correct-answer-Insuring agreement
| | | |
Within how many years of a loss may an insured bring a lawsuit against an insurer
| | | | | | | | | | | | | | |
according to the dwelling policy? - Correct-answer-2 years
| | | | | | | |
An insured has 4 separate but identical policies written by different insureds to
| | | | | | | | | | | |
cover her 100,000$ building. Each policy is written for 100,000$ and each has
| | | | | | | | | | | | |
the pro rata liability other insurance clause. In the event of a total loss to the
| | | | | | | | | | | | | | | |
building what would each insurer pay? - Correct-answer-Each policy will pay
| | | | | | | | | | |
25,000$ of the loss.
| | | |
Under the dwelling policy form, what is the maximum time limit during which
| | | | | | | | | | | |
multiple volcanic activities would be considered part of one occurence? -
| | | | | | | | | | |
Correct- answer-72 hours
| | |
Under Coverage C of a homeowners policy, the amount of insurance provided to
| | | | | | | | | | | |
cover personal property of the insured is - Correct-answer-50% of the amount
| | | | | | | | | | | |
provided in Coverage A
| | | |
