NEW YORK INDEPENDENT FIRE ADJUSTER EXAM
SIMULATOR - SERIES Update !!
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Terms in this set (24)
Mason has suffered a For a loss that would otherwise be covered for the full
$42,000 loss to his amount, a reduction of 15% is taken off the claims
commercial building due payment because the building was considered vacant.
to fire. The building is 15% of $42,000 is $6,300. If $6,300 is subtracted from
covered under the $42,000, the insured would receive $35,700.
Building & Personal
Property coverage form
and had been vacant for
74 days. The insurer would
have paid the entire loss if
the building had been
occupied, but what will
they pay because the
insured building was
considered vacant?
$28,980.
$42,000.
$6,300.
$35,700.
, The Superintendent of 120 day
Insurance may issue a _____
temporary permit to an
individual to adjust claims
while an adjuster's
application is pending.
6-month
30-day
1-year
120-day
Under the Federal Submitting a 1033 waiver form and having it approved
Insurance Fraud and False by an insurance regulatory official in his or her state.
Statements Act, if
someone is prohibited
from doing business in a
state, approval to resume
transacting business must
be granted by:
Submitting a 1033 waiver
form and having it
approved by an insurance
regulatory official in his or
her state.
The State Attorney
General.
The United States
Secretary of State.
The United States
Secretary of Treasury.
SIMULATOR - SERIES Update !!
Save
Terms in this set (24)
Mason has suffered a For a loss that would otherwise be covered for the full
$42,000 loss to his amount, a reduction of 15% is taken off the claims
commercial building due payment because the building was considered vacant.
to fire. The building is 15% of $42,000 is $6,300. If $6,300 is subtracted from
covered under the $42,000, the insured would receive $35,700.
Building & Personal
Property coverage form
and had been vacant for
74 days. The insurer would
have paid the entire loss if
the building had been
occupied, but what will
they pay because the
insured building was
considered vacant?
$28,980.
$42,000.
$6,300.
$35,700.
, The Superintendent of 120 day
Insurance may issue a _____
temporary permit to an
individual to adjust claims
while an adjuster's
application is pending.
6-month
30-day
1-year
120-day
Under the Federal Submitting a 1033 waiver form and having it approved
Insurance Fraud and False by an insurance regulatory official in his or her state.
Statements Act, if
someone is prohibited
from doing business in a
state, approval to resume
transacting business must
be granted by:
Submitting a 1033 waiver
form and having it
approved by an insurance
regulatory official in his or
her state.
The State Attorney
General.
The United States
Secretary of State.
The United States
Secretary of Treasury.
