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St. John’s University
(New York, NY)
[Risk Management and Insurance Program.]
State Insurance Claims Adjusters Certification
New York, NY Claims Adjuster Exam
Course Title and Number: Claims Adjuster Exam Exam Title: Board Exam Exam Date: Exam 2024- 2025 Instructor: [Insert Instructor’s Name] Student Name: [Insert Student’s Name] Student ID: [Insert Student ID]
Examination
180 minutes
Instructions:
- Read each question carefully.
- Answer all questions.
- Use the provided answer sheet to mark your responses.
- Ensure all answers are final before submitting the exam.
- Please answer each question below and click Submit when you have completed the Exam.
- This test has a time limit, The test will save and submit automatically when the time expires
- This is Exam which will assess your knowledge on the course Learning Resources.
Good Luck!
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State Insurance Claims Adjusters Certification 2024- New York N.Y Adjuster License Series 17-65 Exam Review Questions and Answers | 100% Pass Guaranteed | Graded A+ | Read All Instructions Carefully and Answer All the Questions Correctly Good Luck: - New York has a modified form of "no-fault" insurance. The injured party cannot sue the negligent driver, EXCEPT: Answer Choices: Select the Correct Answer Where serious injury has occurred. When the insured's underinsured motorist coverage has been exhausted. When the insured's health insurance coverage has been exhausted. The insured can never sue due to the no-fault laws. - =Answer>> Where serious injury has occurred. Which section of an insurance policy contains language to assist an insurance company in managing morale and moral hazards - =Answer>> The exclusions The funds assessed to be deposited into the NY Special Disability Fund are deposited with? - =Answer>> The Commissioner of Taxation and Finance Need Writing 🤔Help? We've Got You Covered! ✍️ 100% NO A I or Plagiarism Guaranteed🤔
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Part 1 of workers compensation policy covers all but: - =Answer>> Bodily injury caused by employer negligence The NY department has made an exception for claim-made coverage except for what type of risk? - =Answer>> Motor vehicle liability coverage What is not a settlement option for liability claims? - =Answer>> Excessive amounts claimed Loss of wages as a result of an auto accident, are paid under the New York no fault law on the basis of ___ of the wages. Answer Choices: Select the Correct Answer 80% 50% 100% 20% - =Answer>> The loss of wage benefit is based on 80% of the lost wages subject to a maximum of $2,000 per month for up to three years. The "occurrence" form of a CGL policy provides coverage for bodily injury and property damage that: Answer Choices: Select the Correct Answer Occurs during the policy period regardless of when the claim is made. Need Writing 🤔Help? We've Got You Covered! ✍️ 100% NO A I or Plagiarism Guaranteed🤔
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Occurs during the policy period as long as the claim is made during the policy period. Is claimed during the policy period with no regard to when the bodily injury or property damage occurred. Occurs after the policy period and the claim is made after the policy period. - =Answer>> Occurs during the policy period regardless of when the claim is made. The occurrence form provides coverage for claims that occur during the policy period regardless of when the claim is filed. Under a watercraft or yacht policy how are claims settled? Answer Choices: Select the Correct Answer Actual cash value Replacement cost Functional replacement cost Agreed amount basis - =Answer>> Actual cash value Like physical damage coverage on an auto policy, the watercraft and yacht policies provide for the adjusting of physical damage losses to covered property on an actual cash value basis. A risk where both profit and loss are possible is known as: Answer Choices: Select the Correct Answer Need Writing 🤔Help? We've Got You Covered! ✍️ 100% NO A I or Plagiarism Guaranteed🤔
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In ocean marine insurance, what is the purpose of the IVEL clause? to require the insured to take all reasonable steps to protect the property from further loss. To provide excess hull and collision liability coverage.. - =Answer>> The purpose of the IVEL clause is to provide excess hull and collision liability coverage. In New York, the limit under the Homeowner policy for credit card, electronic fund transfer card or access device, forgery and counterfeit money additional coverage is: Answer Choices: Select the Correct Answer $ $1, $1, $2,000 - =Answer>> $1, In NY the limit of insurance under the credit card, electronic fund transfer card or access device, forgery and counterfeit money additional coverage was increased from $500 to $1,000. Which of the following is not an "additional coverage" under homeowner's liability Section II coverage? Answer Choices: Select the Correct Answer Interest accruing after a legal judgment is entered Damage to property of others Need Writing 🤔Help? We've Got You Covered! ✍️ 100% NO A I or Plagiarism Guaranteed🤔
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Payments made by the insurer to settle a claim Insurer's costs in investigating a claim - =Answer>> Payments made by the insurer to settle a claim Settlements paid by the insurer come from the limits of liability shown on the declarations page and are not an additional coverage. The "when more than one coverage applies" condition in Commercial Crime insurance is designed to: Answer Choices: Select the Correct Answer Specify how a claim would be allocated among the different insurers. Allow the insured to choose the company that will pay the claim. Provide for subrogation of a claim. Avoid overpayment of a claim. - =Answer>> Specify how a claim would be allocated among the different insurers. New York has been struck with a catastrophe and adjusters are desperately needed. The Superintendent of Insurance can issue a temporary adjuster permit in an emergency situation such as this for _____ days. Answer Choices: Select the Correct Answer 30 60 Need Writing 🤔Help? We've Got You Covered! ✍️ 100% NO A I or Plagiarism Guaranteed🤔
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Added by endorsement to a Commercial Liability policy Purchased separately for an additional premium Added to an umbrella policy - =Answer>> Purchased separately for an additional premium The professional liability policy is a "stand alone" separate policy that can be purchased for an additional premium. Need Writing 🤔Help? We've Got You Covered! ✍️ 100% NO A I or Plagiarism Guaranteed🤔
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