AUTO DAMAGE AND THEFT EXAM NEW YORK
STATE 2024 STUDY GUIDE AND PRACTICE TEST
BANK 300 QUESTIONS COMPLETE SET
◉ When the rear of the vehicle is damaged and there is a gap
between the trunk lid and the quarter panel, what else on the vehicle
should the appraiser check?
The center pillar
The trunk floor
The quarter panels
The frame rails. Answer: The frame rails
◉ In auto physical damage insurance, an insured peril cause of loss
is known as:
Direct loss
Indirect loss
Loss evaluation
Consequential loss. Answer: Direct loss
,◉ If an appraiser has to forfeit his bond in New York. The amount of
the bond is:
$500
$1000
$2000
$5000. Answer: $1000
◉ Which of the following is NOT a true statement regarding auto
appraisers?
Each appraiser, while engaged in appraisal duties, must carry the
license issued to him by the Insurance Department and display it,
upon request, to an owner whose vehicle is being inspected, to the
repair shop representative involved.
The appraiser must leave a legible copy of his appraisal with that of
the repair shop selected by the consumer to make the repairs and
also furnish a copy to the owner of the vehicle.
No appraiser is permitted secure or use repair estimates that have
been obtained by the use of photographs, telephone calls or in any
manner other than a personal inspection.
The appraiser is permitted to traffic in automobile salvage if such
salvage is obtained in any way as a result of appraisal services
rendered by him for his own benefit.. Answer: The appraiser is
permitted to traffic in automobile salvage if such salvage is obtained
,in any way as a result of appraisal services rendered by him for his
own benefit.
◉ The burden of proof that a covered loss has occurred is normally a
duty of:
The insurance company
The adjuster
The appraiser
The insured. Answer: The insured
◉ Before revoking or suspending a license, the Superintendent must
first send _____ notice and give the accused an opportunity for a
hearing.
3 months
45 days.
10 days.
60 days.. Answer: 1o days
◉ The linkage between the camshaft and the valves is commonly
known as the:
, piston.
crankshaft.
valve train.
cylinder.. Answer: valve train
◉ Which of the following is the computer in the vehicle?
Controller
Pump
Speed Sensors
Valves. Answer: Controller
◉ Payment may be made if which of the following procedures has
been executed?
A partial signed release
A Walk-Away release
A prima-facia signed release
None of the answer choices is correct.. Answer: A Walk-Away
release/The Walk-Away release indicates the final disposition of the
matter and relinquishes the claimant's right to sue so payment may
be issued. In some states the signing of the payment check indicates
a Walk-Away release.
STATE 2024 STUDY GUIDE AND PRACTICE TEST
BANK 300 QUESTIONS COMPLETE SET
◉ When the rear of the vehicle is damaged and there is a gap
between the trunk lid and the quarter panel, what else on the vehicle
should the appraiser check?
The center pillar
The trunk floor
The quarter panels
The frame rails. Answer: The frame rails
◉ In auto physical damage insurance, an insured peril cause of loss
is known as:
Direct loss
Indirect loss
Loss evaluation
Consequential loss. Answer: Direct loss
,◉ If an appraiser has to forfeit his bond in New York. The amount of
the bond is:
$500
$1000
$2000
$5000. Answer: $1000
◉ Which of the following is NOT a true statement regarding auto
appraisers?
Each appraiser, while engaged in appraisal duties, must carry the
license issued to him by the Insurance Department and display it,
upon request, to an owner whose vehicle is being inspected, to the
repair shop representative involved.
The appraiser must leave a legible copy of his appraisal with that of
the repair shop selected by the consumer to make the repairs and
also furnish a copy to the owner of the vehicle.
No appraiser is permitted secure or use repair estimates that have
been obtained by the use of photographs, telephone calls or in any
manner other than a personal inspection.
The appraiser is permitted to traffic in automobile salvage if such
salvage is obtained in any way as a result of appraisal services
rendered by him for his own benefit.. Answer: The appraiser is
permitted to traffic in automobile salvage if such salvage is obtained
,in any way as a result of appraisal services rendered by him for his
own benefit.
◉ The burden of proof that a covered loss has occurred is normally a
duty of:
The insurance company
The adjuster
The appraiser
The insured. Answer: The insured
◉ Before revoking or suspending a license, the Superintendent must
first send _____ notice and give the accused an opportunity for a
hearing.
3 months
45 days.
10 days.
60 days.. Answer: 1o days
◉ The linkage between the camshaft and the valves is commonly
known as the:
, piston.
crankshaft.
valve train.
cylinder.. Answer: valve train
◉ Which of the following is the computer in the vehicle?
Controller
Pump
Speed Sensors
Valves. Answer: Controller
◉ Payment may be made if which of the following procedures has
been executed?
A partial signed release
A Walk-Away release
A prima-facia signed release
None of the answer choices is correct.. Answer: A Walk-Away
release/The Walk-Away release indicates the final disposition of the
matter and relinquishes the claimant's right to sue so payment may
be issued. In some states the signing of the payment check indicates
a Walk-Away release.
