New York State Property and Casualty Insurance Exam
Exam Coverage
The exam coverage includes the insurance principles and regulatory
knowledge required to obtain a Property and Casualty Insurance
License in the state of New York, administered under the supervision
of the New York State Department of Financial Services. It focuses on
property and liability insurance fundamentals, including policy types,
coverage provisions, exclusions, and endorsements. The exam also
evaluates understanding of risk management concepts, underwriting
principles, claims handling, and insurance regulations specific to New
York. Emphasis is placed on ethical practices, consumer protection
laws, and the responsibilities of licensed insurance producers when
selling and servicing property and casualty insurance policies
,An insured owns a motorcycle, a moped and a motor home. What
endorsement is added to the personal auto policy to provide
coverage?
Misc. Type Vehicle Endorsement; The "miscellaneous type vehicle"
endorsement is added for these types of recreational vehicles. Note
that ISO has a separate endorsement for snowmobiles.
,Investment consultants should purchase which of the following
policies to protect themselves from errors and omissions?
Professional Liability; Errors and omissions coverage does not involve
bodily injury or property damage, which is provided by other types of
policies. This is why professional liability coverage is needed. Medical
malpractice insurance does cover bodily injury.
, Physical damage coverage under a garage policy is a blanket limit for
covered auto, an accurate statement?
Yes; The dealer's physical damage limit would be done on a blanket
limit basis. This would apply to comprehensive and collision losses to
the auto inventory of the dealer. This is done because it is simply not
practical to schedule each dealer owned vehicle for physical damage.
This is generally accomplished by the use of a monthly reporting form.
Exam Coverage
The exam coverage includes the insurance principles and regulatory
knowledge required to obtain a Property and Casualty Insurance
License in the state of New York, administered under the supervision
of the New York State Department of Financial Services. It focuses on
property and liability insurance fundamentals, including policy types,
coverage provisions, exclusions, and endorsements. The exam also
evaluates understanding of risk management concepts, underwriting
principles, claims handling, and insurance regulations specific to New
York. Emphasis is placed on ethical practices, consumer protection
laws, and the responsibilities of licensed insurance producers when
selling and servicing property and casualty insurance policies
,An insured owns a motorcycle, a moped and a motor home. What
endorsement is added to the personal auto policy to provide
coverage?
Misc. Type Vehicle Endorsement; The "miscellaneous type vehicle"
endorsement is added for these types of recreational vehicles. Note
that ISO has a separate endorsement for snowmobiles.
,Investment consultants should purchase which of the following
policies to protect themselves from errors and omissions?
Professional Liability; Errors and omissions coverage does not involve
bodily injury or property damage, which is provided by other types of
policies. This is why professional liability coverage is needed. Medical
malpractice insurance does cover bodily injury.
, Physical damage coverage under a garage policy is a blanket limit for
covered auto, an accurate statement?
Yes; The dealer's physical damage limit would be done on a blanket
limit basis. This would apply to comprehensive and collision losses to
the auto inventory of the dealer. This is done because it is simply not
practical to schedule each dealer owned vehicle for physical damage.
This is generally accomplished by the use of a monthly reporting form.
