NY General Adjuster Test (10-70) (165 Questions and All Correct Answers) |Assured Pass
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NY General Adjuster Test (10-70) (165 Questions and All Correct Answers) |Assured Pass
On what date does an adjuster's license need to be renewed?
{{Correct Ans- 12/1 - even numbered yrs
What is the amount of bond that must be posted to obtain and adjuster's license?
{{Correct Ans- $1,000
When can the Superintendent of Insurance revoke an adjuster's license?
a. anytime
b. by sending a 30 day notice of the renovation
c. not until a hearing is held
d. When proof of offense has been received
{{Correct Ans- Not until hearing held
Failing to acknowledge within a reasonable time, communications w/ respect to claims arising out of the insurer's policies
{{Correct Ans- Example of unfair claim settlement act
If found guilty of Fed Insurance fraud, who can permit a guilty individual to return to the insurance business?
a. federal official
b. no one since this is federal offense
c.an ins regulatory official i.e. Super of Ins
d. only court of law after proper hearing
{{Correct Ans- An ins regulatory official such as Superintendent of Insurance
What is the reason for the NY financial responsibility law?
{{Correct Ans- To provide some form of compulsory insurance
In NY must uninsured motorist coverage: a. is optional b. mandatory c. doesn't require sign off for > limits d. doesn't cover "hit & run" drivers
{{Correct Ans- Is a mandatory coverage
Damage to a rental car is paid in NY under which of the following coverages:
a. insured's physical damage
b. property damage coverage
c. special endorsement
d. must be purchased from rental agency
{{Correct Ans- The insured's property damage coverage
Who must belong to the assigned risk plan?
{{Correct Ans- All admitted auto insurers selling auto insurance in NY
What does the employer's non-ownership coverage cover?
{{Correct Ans- Covers the employer when the employee is using their vehicle on company business.
Which is not covered under worker's comp coverage?
a. med expenses
b. pain & suffering
c. loss of wages
d. funeral expenses
{{Correct Ans- Pain & Suffering
Who makes a declaratory judgment as to the merits of a claim?
a. claims adj
b. insurer attorney
c. court
d. claimants attorney
{{Correct Ans- The court
[Solved] NY General Adjuster Test (10-70) (165 Questions and All Correct Answers) |Assured Pass
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NY General Adjuster test (+100 Questions and Answers |100% Pass
NY General Adjuster Test (10-70) (165 Questions and All Correct Answers) |Assured Pass
Assume That A company generate annual sales of $2.125.000 using total assets of $500.00
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