Exam (elaborations)
NEW YORK AUTO ADJUSTER PREP QUESTIONS
- Course
- Institution
NEW YORK AUTO ADJUSTER PREP QUESTIONS
[Show more]
Content preview
NEW YORK AUTO ADJUSTER PREP QUESTIONSMedical coverage under a personal auto policy will cover the insured if he/she is injured
while: - Answers- Passenger on a bus.
EXPLANATION:
Personal auto medical coverage is available to the policyholder or a family member
(resident relative) injured while occupying, or as a pedestrian, struck by a motor vehicle
or trailer designed for use on public roads. It also covers any other persons while they
are occupying your motor vehicle. It does not cover injuries sustained while riding in
vehicles not intended for use on public roads such as trains, subways and airplanes.
Which of the following best describes "no release or walk-away" release? - Answers-
The bills are paid and no attempt to obtain a separate release is made. .
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.
The minimum coverage required in New York for uninsured motorists bodily injury is: -
Answers- $25,000 per person, $50,000 per accident. is correct.
EXPLANATION:
New York state law established the minimum coverage limits of $25,000 per person,
$50,000 per accident and up to $50,000 per person, and $100,000 per accident for
death.
Richard has been advised by the New York Superintendent of Insurance to cease and
desist in the performance of certain infractions of the Insurance Code. He has had a
hearing and been issued a cease and desist order. He continues to violate the cease
and desist order. He can be fined a penalty of up to: - Answers- 5,000 per violation.
EXPLANATION:
Richard is subject to a penalty of up to $5,000 for each violation.
If an insured has more than one auto policy with the same insurer that provides
uninsured motorists coverage, which of the following statements about the recovery of
benefits is correct? - Answers- Total recovery is restricted to the highest limits of those
coverages. .
EXPLANATION:
Only the highest limit would apply. In some states, however, stacking of limits is
permitted wherein if the insured insures more than one vehicle, the limits can be
combined.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller GEEKA. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $10.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
75632 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now