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Insurance Claims Adjuster Exam Review Questions and Answers, Exams of Insurance law

A comprehensive set of review questions and answers for the state insurance claims adjusters certification exam in new york. It covers various aspects of insurance, including property, liability, and workers' compensation. Designed to help students prepare for the exam by providing them with a thorough understanding of key concepts and principles.

Typology: Exams

2024/2025

Available from 02/22/2025

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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.
2. Answer all questions.
3. Use the provided answer sheet to mark your responses.
4. Ensure all answers are final before submitting the exam.
5. Please answer each question below and click Submit when you have
completed the Exam.
6. This test has a time limit, The test will save and submit automatically
when the time expires
7. This is Exam which will assess your knowledge on the course Learning
Resources.
Good Luck!
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Download Insurance Claims Adjuster Exam Review Questions and Answers and more Exams Insurance law in PDF only on Docsity!

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.

  1. Answer all questions.
  2. Use the provided answer sheet to mark your responses.
  3. Ensure all answers are final before submitting the exam.
  4. Please answer each question below and click Submit when you have** **completed the Exam.
  5. This test has a time limit, The test will save and submit automatically** **when the time expires
  6. This is Exam which will assess your knowledge on the course Learning** Resources.

Good Luck!

🤔 Hybridgrades101@gmail.com

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🤔