Ny property and - Study guides, Class notes & Summaries

PSI Online examination NY Insurance Property and Casualty Practice test $100,000 - ANS-An insured with split liability limits of 100/300/100 is at fault in an automobile accident and the other vehicle sustains $6,500 in property damages as well as two occupants have bodily injury and are claiming $150,000 each. What is the most insurance will pay to each occupant? $20,000 - ANS-The insured carries underinsured motorists coverage limits of 250/500/250 on his automobile policy and his vehic...

NY Independent General Adjuster Exam - Series 17-70 Questions and Answers 100% Pass Dram Shop Liability refers to: Liquor Law Liability. The insured has suffered a covered loss under his DP-3 dwelling form. He fails to protect the property from further loss. The additional loss that occurs as a result of his inactions may be denied because of what clause in the policy? Neglect. To be eligible for the New York assigned risk auto plan a person must: Hold a valid driver's license. Any insurance...

Under the Workers' Compensation policy, the insurer may audit the insured's records for a period of how many years following policy termination? CORRECT ANSWER 3 Which of the following is true of supplementary payments under Part A of the Personal Auto Policy? CORRECT ANSWER They are paid in addition to the liability limits of the policy Which of the following is not true about insurance? CORRECT ANSWER Insurance covers intentional as well as unintentional losses When an individual fa...

PSI Online examination NY Insurance Property and Casualty Practice test questions and answers already graded A+ 2024/2025

PSI ONLINE EXAMINATION NY INSURANCE PROPERTY AND CASUALTY PRACTICE TEST QUESTIONS AND ANSWERS

NY Property and Casualty Insurance Exam Graded A+ Specific insurance - This type of insurance designates a particular item to be insured Blanket insurance - This type of insurance covers more than one item of property at a single location or one more items of property at multiple locations. Speculative - possibility of both gain and loss. Not insurable. Pure - only the possibility of loss. Insurable. What are the 5 methods of managing or handling risk? - avoid, control, retain, an...

PSI Online examination NY Insurance Property and Casualty Practice test PSI Online examination NY Insurance Property and Casualty Practice test PSI Online examination NY Insurance Property and Casualty Practice test

a. compensate for actual financial losses - ANSWER-Punitive damages are intended to do all of the following except? a. compensate for actual financial losses. b. discourage others from doing wrong. c. discipline the insured. d. make an example of bad behavior d. vacant means the absence of people and property - ANSWER-Which of the following BEST differentiates the terms vacant versus unoccupied? a. vacant means insured is a way for a period of time b. vacant means the absence of people ...

MAINE PROPERTY &CASUALTY ADJUSTER EXAM PREP QUESTIONS WITH COMPLETE SOLUTIONS 2024 What is the interest rate for claims not paid and over 30 days? 1 ½ % per month A CEO is piloting a rented aircraft and injures someone. What kind of coverage is this covered under? Non-owned aircraft coverage How are wages computed for workers compensation? 2/3 of average after take weekly wages A company sells costume jewelry ranging in price from $1.00 to $5.00 and has had $10,000.00 in jewelry sto...