Ny adjuster practice exam Study guides, Class notes & Summaries

NY ADJUSTER PRACTICE EXAM

Which of the following is one of the objectives of the Terrorism Risk Insurance Act of 2002? Correct Answer It limits the exposure of individual insurers and the insurance industry as a whole All of the following are used by the courts to establish negligence EXCEPT Correct Answer Policy exclusions. Which is the thing of value exchanged for the performance promised in the insurance contract? Correct Answer Consideration Which party is required to provide proof of loss to establish entit...

NY Adjuster Practice Exam Q&A Latest 2024 What is common law based on? - court decisions and customs Joanne sells her house to her sister, Dianne. To save Dianne the trouble of finding her own homeowners policy, Joanne calls her insurance company and tells them that Dianne bought her house and any future claims settlements should be paid to Dianne. Joanne's insurer tells her they can't do that because of what condition? - Assignment What is the best definition of "insured"? - Indivi...

NY Adjuster Practice Exam Questions with Verified Answers Which of the following is one of the objectives of the Terrorism Risk Insurance Act of 2002? - It limits the exposure of individual insurers and the insurance industry as a whole All of the following are used by the courts to establish negligence EXCEPT - Policy exclusions. Which is the thing of value exchanged for the performance promised in the insurance contract? - Consideration Which party is required to provide proof of ...

What is the first step in any claims settlement process? A. Establish lines of communication B. Prepare the paperwork C. Acknowledge the claim D. Investigate the loss - ANSWER-C. Acknowledge the claim Correct Answer Robby carpools to school with his friends, and he enjoys racing the other cars on the road whenever he can. His Dad lectures him about the dangers of speeding, but Robby thinks his Dad is overreacting. He's been driving for two whole years, so he knows what he's doing. And ...

NY ADJUSTER PRACTICE EXAM with Correct Solutions 2024 1. The deductible does each of these EXCEPT: a. reduce loss costs b. lower premium costs c. indemnify the insured d. excludes payment for small claims - Answer -c. indemnify the insured 2. The Other Insurance Clause: a. prohibits other insurance on the same property b. upholds the principle of indemnity c. allows coverage for catastrophic losses d. allows more than one person to be insured under the policy - Answer -b. upholds the ...

NY ADJUSTER PRACTICE EXAM/100% correct answers 1. The deductible does each of these EXCEPT: a. reduce loss costs b. lower premium costs c. indemnify the insured d. excludes payment for small claims - answers-c. indemnify the insured

1. The deductible does each of these EXCEPT: a. reduce loss costs b. lower premium costs c. indemnify the insured d. excludes payment for small claims c. indemnify the insured 2. The Other Insurance Clause: a. prohibits other insurance on the same property b. upholds the principle of indemnity c. allows coverage for catastrophic losses d. allows more than one person to be insured under the policy b. upholds the principle of indemnity 3. Chance of a windstorm causing a...

NY ADJUSTER PRACTICE EXAM QUESTIONS AND ANSWERS.

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