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NYS 17-56 Property and Casualty Insurance
Agent_Broker Exam ACTUAL VERIFIED QUESTIONS
AND ANSWERS LATEST UPDATE.pdf
The fee paid by an agent to a license broker for placing
business is a
a. Commission
b. rebate
c. placement fee
d. consultants premium - Answer-a. Commission
Which of the following is an example of a direct loss?
a- Fire started by vandals destroying a building
b- a family must stay in a motel because their home
burned down
c- a business lost money due to a hurricane
d- a farmers income is lost because the crops were
destroyed - Answer-a- Fire started by vandals destroying a
building
Which of the following perils is covered by collision on a
personal automobile policy?
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a- Impact with a live animal
b- impact with the tree
c- riot
d- explosion - Answer-b- impact with the tree
All of the following are eligible for homeowners coverage A
- dwelling except
a- secondary residence
b- 4 family dwelling
c- rental dwelling
d- single family residence - Answer-c- rental dwelling
Under an HO3 policy, coverage F - medical payments to
others applies to all the following except
a- a meter reader who trips on an insured's skateboard
b- mail carrier was bitten by the insureds dog
c- nanny who is accidentally injured while doing personal
shopping
d- a family friend who is injured while playing volleyball in
the insureds backyard - Answer-c- nanny who is
accidentally injured while doing personal shopping
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The purpose of the New York Property Insurance
Underwriting Association is to
a- meet the basic insurance needs of the public
b- establish standards for fire Protective Services
c- create standards for Fire Protection districts
d- protect insurers from insolvent insurance companies -
Answer-a- meet the basic insurance needs of the public
Under a homeowners policy, which of these would be
covered?
a- Arson by the insured
b- discharge of pollutants
c- Air conditioner compressor fails
d- damage as a result of a pipe coming loose - Answer-d-
damage as a result of a pipe coming loose
An insurance agency conducts a series of penetration
tests this year to determine the effectiveness of its cyber
security program. What does New York cybersecurity
regulation require the agency conduct this test again?
a. Every year
b. every two years
NYS 17-56 Property and Casualty Insurance
Agent_Broker Exam ACTUAL VERIFIED QUESTIONS
AND ANSWERS LATEST UPDATE.pdf
The fee paid by an agent to a license broker for placing
business is a
a. Commission
b. rebate
c. placement fee
d. consultants premium - Answer-a. Commission
Which of the following is an example of a direct loss?
a- Fire started by vandals destroying a building
b- a family must stay in a motel because their home
burned down
c- a business lost money due to a hurricane
d- a farmers income is lost because the crops were
destroyed - Answer-a- Fire started by vandals destroying a
building
Which of the following perils is covered by collision on a
personal automobile policy?
,2|Page
a- Impact with a live animal
b- impact with the tree
c- riot
d- explosion - Answer-b- impact with the tree
All of the following are eligible for homeowners coverage A
- dwelling except
a- secondary residence
b- 4 family dwelling
c- rental dwelling
d- single family residence - Answer-c- rental dwelling
Under an HO3 policy, coverage F - medical payments to
others applies to all the following except
a- a meter reader who trips on an insured's skateboard
b- mail carrier was bitten by the insureds dog
c- nanny who is accidentally injured while doing personal
shopping
d- a family friend who is injured while playing volleyball in
the insureds backyard - Answer-c- nanny who is
accidentally injured while doing personal shopping
, 3|Page
The purpose of the New York Property Insurance
Underwriting Association is to
a- meet the basic insurance needs of the public
b- establish standards for fire Protective Services
c- create standards for Fire Protection districts
d- protect insurers from insolvent insurance companies -
Answer-a- meet the basic insurance needs of the public
Under a homeowners policy, which of these would be
covered?
a- Arson by the insured
b- discharge of pollutants
c- Air conditioner compressor fails
d- damage as a result of a pipe coming loose - Answer-d-
damage as a result of a pipe coming loose
An insurance agency conducts a series of penetration
tests this year to determine the effectiveness of its cyber
security program. What does New York cybersecurity
regulation require the agency conduct this test again?
a. Every year
b. every two years
