Ny property - Study guides, Class notes & Summaries

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...

Tract building - Answer- When a dev. Acquired land, records a plat map and uses a model center from which sales may be made Local level - Answer- Planning, zoning, property taxation, building and health codes and regulations, and building moratoriums that affect development play a significant role in the cost and desirability of real estate Broker associate - Answer- A licensed broker working for another broker False - Answer- A florida real estate license applicant must be a resident a...

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 correct answer: a. compensate for actual financial losses 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 c. unoccupied means absence of people and property ...

NY Independent General Adjuster Exam - Series 17-70 (+180 Questions and Answers |Guarantee Pass Dram Shop Liability refers to: {{Correct Ans- 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? {{Correct Ans- Neglect. To be eligible for the New York assigned risk auto plan a person mus...

The main difference between an HO-4 and HO-6 is? A: HO-6 does not cover additional living expenses B: HO-4 provides limited dwelling coverage as well as contents coverage C: HO-6 provides limited dwelling coverage as well as contents coverage D: HO-4 does not cover additional living expenses - C The most the insurer will pay for a loss under a business policy is? A: The amount of the loss minus the deductible B: 80% of the loss C: 20% of the loss D: The limit of insurance after the ded...

Underwriters are permitted to use all of the following when underwriting an application for insurance EXCEPT: - ANSWER-age, race, and religion Which of the following would be covered by a commercial package policy? - ANSWER-loss due to crime Which exposure is unique to mobile homes? from foreclosure 2. loss from collapse of awnings 3. loss from flood damage 4. loss from collision damage - ANSWER- Which of the following is the standard amount of Coverage A-dwelling provided by the...

NY Independent General Adjuster Exam - Series 17-70 Questions and Answers Graded A+ 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. A...

NY Property and Casualty Insurance Practice Exam with Real Solution Underwriters are permitted to use all of the following when underwriting an application for insurance EXCEPT: - age, race, and religion Which of the following would be covered by a commercial package policy? - loss due to crime Which exposure is unique to mobile homes? from foreclosure 2. loss from collapse of awnings 3. loss from flood damage 4. loss from collision damage - Which of the following is the stan...

PSI exam NY Insurance Property and Casualty Practice Test 2024 Updated 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 in...