pg. 1 2025 New York General Adjuster Exam Test Bank With 480 Real Test Prep Questions And Correct Detailed Answers/ NY General Claims Adjuster Test 2025/ New York General Adjuster Exam 2025
Which of the following is not required to obtain an adjuster license in New York?
A licensed New York attorney An average adjuster of maritime losses An officer, director or regular salaried employee of an authorized insured None of these individuals is required to be licensed None of these individuals is required to be licensed.When an insurer intends to non-renew a homeowners policy in New York, at least _____ advance notice of non-renewal must be sent to the insured.
Answer Choices: Select the Correct Answer
45 days 60 days 90 days 30 days 45 days is correct.
EXPLANATION:
In addition to this specific time of advance notice, specific reasons for the company's decision to not renew must accompany the notice.Though multiple parties may be involved in a lawsuit, the opposing sides are
referred to as:
Answer Choices: Select the Correct Answer
Insured and claimant Complainant and defendant Plaintiff and defendant Counsel and co-counsel
EXPLANATION:
The opposing sides are called the plaintiff and defendant. 1 / 4
pg. 2 What is required in order for seasonal increase coverage to apply under the BOP?
The insured must purchase the coverage by endorsement The limit of insurance must be at least equal 100% of the average personal property values for the previous 12 months Submit average inventory values for the previous three years The BOP does not provide automatic seasonal increase in coverage The limit of insurance must be at least equal 100% of the average personal property values for the previous 12 months.
EXPLANATION:
The limit of insurance for business personal property must at least equal 100% of the average business personal property values for the previous 12 months.In New York, no suit or action against the insurer for the recovery of any claim will be sustainable in any court of law unless all of the requirements of the policy have been complied with, unless commenced within ______ months next after inception of the loss.24 Which of the following professional liability policies would cover a dishonest, fraudulent or criminal act of the manager of a LLC?
Fiduciary Liability Malpractice Liability Errors and Omissions None of the policies cover these acts None of the policies cover these acts.If an insured takes precautionary measures to protect property from flood damage such as creating a retaining wall of sand bags, how much coverage if any, will be provided by a flood policy?
$1,000 if the flood is imminent and the property is in danger of flooding.No coverage at all.$2,500 but only if the insured provides receipts prior to the flooding.None of the responses listed are correct. 2 / 4
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EXPLANATION:
The policy will provide additional coverage up to $1,000 for preventative measures taken to prevent the property from an imminent flood loss. This $1,000 however will be subtracted from the policy limit covering any property that may be damaged by the imminent flood.A drug store has an ice cream counter and someone spills ice cream on the floor.Both the employee and the store manager are aware of the situation. The store can
be held legally liable when:
Someone falls while the store employee is mopping the floor.The floor has been moped but is still wet.No provisions for cleaning up have been made.All responses listed are correct.
EXPLANATION:
All of the responses are correct. The store has a legal duty to protect invitees from sustaining injuries if possible.With long term care insurance, the ability to transfer from a bed to a chair is known
as:
A normal activity of daily living.An activity of assisted living.An abnormal activity.An activity done without thought.A normal activity of daily living. is correct.
EXPLANATION:
This activity is one of activities of daily living. The other activities of daily living are dressing, personal hygiene, eating and bathing. These activities will be referenced on your state exam by the initials ADL's.Jim Johnson has an automobile policy with a combined single limit of $50,000. He has an at-fault accident and incurs the following expenses.
$30,000 bodily injury judgment.$30,000 property damage judgment.$5,000 damage to traffic light.$6,000 attorney's fees for his defense. 3 / 4
pg. 4 $300 in premiums for appeal bond.$75 in bail bond premiums for related traffic violations.
Which of the following is the maximum amount his insurance company will pay?
$56,375
$50,000
$65,000
$71,375
The correct answer is: $56,375.
The single limit provides both bodily injury and property damage coverage in one limit. In this case the limit is inadequate. The policy can only pay its limit of $50,000 plus the $6,000 in attorney fees, the premiums for the appeal bond and the $75.00 in bail bond premium. The last three items are supplementary payments that apply IN ADDITION to the limit of liability.In New York the workers compensation program is administered by the Workers Compensation Board which establishes guidelines for the program. Notice of injury or death to a worker is required to be submitted to the employer within what period of time?30 Days.Which of the following best describes "no release or walk-away" release?
A form of advanced payment to the claimant.A structured settlement.The bills are paid and no attempt to obtain a separate release is made.The insurer agrees to waive its right to subrogation against a third party who caused the damage.The bills are paid and no attempt to obtain a separate release is made. is correct.
EXPLANATION:
The bills presented are paid with no attempt to obtain a separate release, although the wording on the draft or check may also serve as a form of release. After a certain amount of time has passed with no further contact with the claimant, the file is considered closed.
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