Ny property - Study guides, Class notes & Summaries

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 WITH COMPLETE SOLUTIONS. a. compensate for actual financial losses 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 Which of the following BEST differentiates the terms vacant versus unoccupied? a. ...

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 questions and answers already graded A+ 2024/2025

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...

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

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...

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 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...