New York Personal Lines Final Exam 100% Solved correct |Assured Pass

New York Personal Lines Final Exam 100% Solved correct |Assured Pass

A passenger is injured while getting into a friend’s car. Which of the following statements would apply if both the passenger and the driver had medical payments coverage under the auto policy? {{Correct Ans- The drivers policy would be primary.

Adverse selection is a concept best described as: {{Correct Ans- Risks with higher probability of loss, seeking insurances more often than other risks.

An example of an alien insurer doing business in NY is one formed under the laws of {{Correct Ans- Mexico

According to the NY motor vehicle financial responsibility law what are the required limits of liability on auto policies issued in this state? {{Correct Ans- 25/50/10

Which of the following examples of losses paid under an HO-3 homeowner’s policy? {{Correct Ans- Damage to the dwelling caused by lava or dust from volcanic eruption.

The insureds car was hit and damaged by a deer. Under which of the following coverages in a personal auto policy this loss would be paid? {{Correct Ans- Other-Than- Collision

Negligence may be defined as {{Correct Ans- The failure to use reasonable and prudent care

When the direct chain of events resulting from a negligent act causes injury or damage that act is considered to be {{Correct Ans- A proximate cause

All of the following are major coverages included in the homeowners’ policy except {{Correct Ans- Loss of income