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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:
**1. 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 General Adjuster Exam Civil Justice Bureau CJB Review Questions and Answers | 100% Pass Guaranteed | Graded A+ | Read All Instructions Carefully and Answer All the Questions Correctly Good Luck: - Insurance contract to cover physical damage to contractor's construction equipment: - =Answer>> Contractors Equipment Floater Covers contractor's work under accepted/paid for by customer: - =Answer>> Installation Floater Covers property belonging to customer enroute to/from insured's location: - =Answer>> A Bailee Policy Covers one time trip in rented vehicle for delivery of purchased goods to customer: - =Answer>> A Trip Transit Policy Most important implied warranty in Ocean Marine Insurance: - =Answer>> Seaworthiness Protection & indemnity coverage in Ocean Marine Policy covers: - =Answer>> Marine legal liability for damages caused by the ship "Inherent Vice" in Ocean Marine means: - =Answer>> The potential of property to self destruct Need Writing 🤔Help? We've Got You Covered! ✍️ 100% NO A I or Plagiarism Guaranteed🤔
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Covers crew member injury as an optional coverage under Aircraft: - =Answer>> Medical Payments Covers aircraft repair company for damage to customer's property: - =Answer>> Hangarkeeper's Liability Not covered under Aircraft Hull Insurance: - =Answer>> Personal Effects Primary objective of Workers Compensation: - =Answer>> Payment of benefits to employees for injuries arising of their employment Workers Comp Insurance provides for: - =Answer>> Medical, Income, & Funeral benefits Workers Comp scheduled injury benefits are provided for: - =Answer>> Permanent Partial, Temporary Total, & Permanent Total disabilities Employers Liability coverage in Workers comp insurance provides for: - =Answer>> Common law claims against employer by the employee Permanent Total - =Answer>> Most severe injury type under Workers Comp: Purpose ot Federal Employers Liability Act: - =Answer>> To cover railroad employees Need Writing 🤔Help? We've Got You Covered! ✍️ 100% NO A I or Plagiarism Guaranteed🤔
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Public Adjuster represents the interests of: - =Answer>> The Insured Field Report - =Answer>> Report indicating initial results of claim investigation: Waiver - =Answer>> Giving up of a known right: Company Adjuster primarily represents the interests of: - =Answer>> The Claimant Full Release Settlement - =Answer>> Results in immediate payment when claimant relinquishes right to sue: Methods of Risk Management: - =Answer>> Transfer, Sharing, Avoiding Not included in Declarations section of insurance contract: - =Answer>> Covered Perils Contains the Provisions, Rules of Conduct, Duties, & Obligations of the party: - =Answer>> The Conditions Direct Loss - =Answer>> Loss that is direct consequence of a particular peril: Written evidence of coverage pending policy issuance: - =Answer>> Binder Loss Evaluation Method: - =Answer>> Stated Amounts Need Writing 🤔Help? We've Got You Covered! ✍️ 100% NO A I or Plagiarism Guaranteed🤔
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Twisting - =Answer>> Persuading policyowner to drop a policy to sell them another is: Refuses to pay claims w/o reasonable investigation upon available info: - =Answer>> Unfair Claims Settlement practices A Stock Company - =Answer>> Incorporated insurance co with capital divided into shares: Unfair Trade practices: - =Answer>> Twisting, Rebating, Coercion Act of Terrorism must be "certified" as such by: - =Answer>> The Secretary of the Treasury Covered by the Federal Terrorism Act Insurance Program: - =Answer>> Most Commercial Property & Casualty Risks Type of coverage on contents provided by the HO-3: - =Answer>> Named Perils Apartment dweller would be in the market for: - =Answer>> HO- Homeowners policy personal liability would cover: - =Answer>> If insured's dog bit neighbor on nose Coverage F of Homeowners applies to: - =Answer>> Social Invitees Need Writing 🤔Help? We've Got You Covered! ✍️ 100% NO A I or Plagiarism Guaranteed🤔
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Coverage E of homeowners involves: - =Answer>> Premise Liability, Personal Activities, Acts of Residence Employees Provides least amount of peril coverages: - =Answer>> HO- Coverage D of HO-2 Loss of use percentage: - =Answer>> 30% Coverage C of homeowners categories with limited dollar coverage: - =Answer>> Boats, Trailers, Furs Homeowners excludes this type of personal property: - =Answer>> Insured's Dog, Insured's Motorbike, Silverware scheduled under another policy If insurer cancels homeowners policy, unearned premium is returned on what basis: - =Answer>> Pro-Rata If insured cancels homeowners policy, unearned premium is returned on what basis: - =Answer>> Short Rate Homeowners policy may be canceled by the insured: - =Answer>> For any reason, at any time Section II Additional Coverages of Homeowners, insurer agrees to pay: - =Answer>> Cost of legal defense; Premiums on bonds connected with liability suits; Investigation cost A condo owner-occupant would be in the market for: - =Answer>> HO- Need Writing 🤔Help? We've Got You Covered! ✍️ 100% NO A I or Plagiarism Guaranteed🤔
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Normal waiting period for Flood Insurance Coverage is: - =Answer>> 30 Days Standard deductible for Regular Program under Flood Insurance: - =Answer>> $ Flood Insurance does NOT cover: - =Answer>> Livestock, Motor Vehicles, Outdoor Swimming Pools "Pair and Set" Clause in prop insurance notes loss to one item in a pair/set: - =Answer>> Difference of Actual Cash Value before and after loss Inland Marine Insurance is used to insure: - =Answer>> Stamps, Camera Equipment, Jewelry Coverage C Section II Boatowners covers all medical expenses up to: - =Answer>> 3 years A Personal Umbrella policy: - =Answer>> Is excess Liability coverage Under an Umbrella policy, insured has a retention limit which is a: - =Answer>> Deductible Damage to a windshield by a bird would be: - =Answer>> Comprehensive coverage PAP provides coverage for these locations: - =Answer>> Hawaii, Canada, Alaska Need Writing 🤔Help? We've Got You Covered! ✍️ 100% NO A I or Plagiarism Guaranteed🤔
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After a loss, the insured must: - =Answer>> Notify company, Permit inspection before repairs, Submit to physical exam Insurer will pay transport expense under PAP beginning ____ after theft: - =Answer>> 48 hours Insurer will pay transport expense under PAP up to which amounts: - =Answer>> $20/day; $600 max Stolen car is covered under which PAP coverages: - =Answer>> Comprehensive coverage PAP Medical Payments cover: - =Answer>> Insured as driver; Passenger; Insured as Pedestrian PAP Medical Payments time limit for incurring medical expenses: - =Answer>> 3 years PAP Liability coverage includes: - =Answer>> Damage to property of others due to insured's motor vehicle negligence Considered insured's under PAP: - =Answer>> Any person using insured auto; Family member using insured auto; Organization insured represents Covered auto under PAP: - =Answer>> Temp substitute; Private passenger auto on Dec page; Owned trailer Leased vehicles covered under PAP if leased for minimum of: - =Answer>> 6 months Need Writing 🤔Help? We've Got You Covered! ✍️ 100% NO A I or Plagiarism Guaranteed🤔
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"Free on Board Destination" means: (FOB shipping) - =Answer>> Makes the seller responsible to the buyer until the goods have been delivered as agreed Whose responsibility is it to see that a ship is seaworthy: - =Answer>> The Ship Owner Continuing education requirements must be satisfied: - =Answer>> Biannually If a policy is cancelled by insurer for fraud, the insurer: - =Answer>> Will still have to reimburse the policyholder for any unearned premium due Other insurance clause is by contribution, how would a loss be divided/paid between carriers? - =Answer>> Each would pay the same until limits are exhausted Unendorsed special form BOP, how much coverage for theft of money & securities: - =Answer>> Nothing Fidelity Bonds are typically written to be effective for a: - =Answer>> Continuous term without an expiration date HO-6 provides _____ peril coverage on personal property. - =Answer>> Broad Under a BOP, _____ is used to determine eligibility. - =Answer>> the building size Need Writing 🤔Help? We've Got You Covered! ✍️ 100% NO A I or Plagiarism Guaranteed🤔
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In property & casualty insurance, when must a person have an insurable interest? - =Answer>> At the time of loss Requirement of a self-insurer under NY Workers Comp law:
- =Answer>> Post a security deposit If a vehicle is stolen, what is insured required to do? - =Answer>> Notify the police Transport expenses under Auto Physical Damage coverage would be considered: - =Answer>> An indirect loss Under Ocean Marine Policy, damage to the ship would be covered under: - =Answer>> Hull Insurance The RCBAP (Residential Condo Building Assoc policy) will settle claims o what basis? - =Answer>> Replacement Cost "Proof of Loss" definition: - =Answer>> A formal statement made by the insured regarding a loss Professional Liability policies also cover bodily injury damages: - =Answer>> Architects and Engineers E&O (Errors & Omissions) When is a passenger first covered under an aircraft policy? - =Answer>> When entering the aircraft Applicants for insurance don't enter into the writing/drafting of the policy; insurers issue policy on this basis: - =Answer>> A contract of adhesion Need Writing 🤔Help? We've Got You Covered! ✍️ 100% NO A I or Plagiarism Guaranteed🤔
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Property damage to a rental car is paid under: - =Answer>> Insured's Property Damage coverage If an insured fails to report a claim in a timely manner the adjuster will usually: - =Answer>> Send the insured a Reservation of Rights letter When will disability coverage for a dependent child be continued beyond limiting age: - =Answer>> When the child is incapable of self-sustaining employment due to handicap Which insurers must belong to the Assigned Risk Plan? - =Answer>> All admitted insurance carriers licensed to write auto insurance What type of coverage would a physician, surgeon, or dentist require? - =Answer>> Professional "Open-Ended" release pertains to: - =Answer>> A conditional or partial release Most crop insurance in the US is written by: - =Answer>> Private stock & mutual companies Long term care insurance: - =Answer>> Current policies are more likely to pay benefits regardless of care level required by insured Civil penalty for every 10 days an employer fails to provide Workers Comp? - =Answer>> $2, Need Writing 🤔Help? We've Got You Covered! ✍️ 100% NO A I or Plagiarism Guaranteed🤔
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Insurer makes change that broadens coverage under existing policy w/o additional premium: - =Answer>> Liberalization clause Building coverage under BOP will auto increase each renewal by: - =Answer>> 8% Under BAP with symbol 2 for physical damage, newly acquired auto will become a covered auto: - =Answer>> Automatically Not considered in workers comp experience modification calculations: - =Answer>> Amount of employee payroll Coverage under Crime Insurance would be ____ if there were other existing insurance. - =Answer>> Pro rated Under BOP, insurer can request to examine books/records up to ____ years. - =Answer>> Three years Steam boiler inspected & needs repairs, "red tag" means: - =Answer>> Coverage is suspended until repairs are made To issue a written binder for Comm. Prop. Policy, agent must secure from applicant: - =Answer>> A promise to pay the premium Manufacturer's recommendations should always be checked before any repairs made on vehicles. - =Answer>> True Need Writing 🤔Help? We've Got You Covered! ✍️ 100% NO A I or Plagiarism Guaranteed🤔
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EBP - =Answer>> Equipment Breakdown Protection: Initial breakdown causes other breakdowns - =Answer>> EBP that covers boilers/machinery, one loss event is: Fair Rental Value - =Answer>> Fire in rental part of 2 dwelling home, what coverage under DP-3 for rental: Substitue Services under NY No Fault benefits will provide: - =Answer>> $25 per day for one year BOP - =Answer>> Business Owners Policy CGL - =Answer>> Commercial General Liability policy Transportation - =Answer>> INCLUDED on standard BOP form: Volcanic Eruption - =Answer>> INCLUDED peril on basic dwelling policy: Is NOT an example of a Gov Insurer: - =Answer>> Excess & Surplus Lines Market NOT eligible for group insurance: - =Answer>> Director of a Company or Chairman who is not an Employee Difference between a witness & an expert witness: - =Answer>> Expert witness can draw conclusions from observations Need Writing 🤔Help? We've Got You Covered! ✍️ 100% NO A I or Plagiarism Guaranteed🤔
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Property covered under an unendorsed BOP form: - =Answer>> Written on Open Peril basis Personal watercraft towed behind person auto covered by: - =Answer>> Watercraft policy Coverage in garage policy that pays for physical dmg regardless of liability: - =Answer>> Garagekeepers Direct Coverage endorsement Coverage F under Farm forms covers: - =Answer>> Unscheduled Personal Property Unendorsed claims on CGL policy during policy period reported up to: - =Answer>> 60 days after policy expires Ocean Marine cvg for vessel losses due to burst boilers, defects, negligence: - =Answer>> Inchmaree Clause DP-3 provides ________ coverage for insured dwelling & detached structures. - =Answer>> Open Peril Dwelling form on flood insurance will cover: - =Answer>> Residential Structures up to 4 families or Manufactured Housing NOT considered a consequential loss coverage: - =Answer>> Replacement Cost Coverage Need Writing 🤔Help? We've Got You Covered! ✍️ 100% NO A I or Plagiarism Guaranteed🤔
