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St. John’s University
(New York, NY)
[Risk Management and Insurance Program.]
State Insurance Claims Adjusters Certification
New York, NY Claims Adjuster Exam
Course Title and Number: Claims Adjuster Exam Exam Title: Board Exam Exam Date: Exam 2024- 2025 Instructor: [Insert Instructor’s Name] Student Name: [Insert Student’s Name] Student ID: [Insert Student ID]
Examination
180 minutes
Instructions:
- Read each question carefully.
- Answer all questions.
- Use the provided answer sheet to mark your responses.
- Ensure all answers are final before submitting the exam.
- Please answer each question below and click Submit when you have completed the Exam.
- This test has a time limit, The test will save and submit automatically when the time expires
- This is Exam which will assess your knowledge on the course Learning Resources.
Good Luck!
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State Insurance Claims Adjusters Certification 2024- New York N.Y Adjuster Final Exam Review Questions and Answers | 100% Pass Guaranteed | Graded A+ | Read All Instructions Carefully and Answer All the Questions Correctly Good Luck: - Which problem was universal life insurance designed to address? - =Answer>> Low inte rest rates during periods of high inflation Standard nonforfeiture benefits include - =Answer>> Reduced paid-up insurance In a case where an individual's health is insured by both their own policy and their spouse's policy, which policy pays in the event of an illness? - =Answer>> The indi vidual's policy pays first, the spouse's policy pays the remaining up to coverage amount The Causes of Loss form for farm property lists which of the following? - =Answer>> Perils p roperty is insured against Workers' compensation benefits for loss of wages include all of the following EXCEPT - =Answer>> Cosmetic and weight loss expense Which of the following liability insurance policies would provide coverage to ABC Company in a suit brought by a Need Writing 🤔Help? We've Got You Covered! ✍️ 100% NO A I or Plagiarism Guaranteed🤔
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All of the following are Unfair Claims Settlement Practices EXCEPT - =Answer>> Failure to respond to a first notice of loss within 24 hours A contract that is against public policy is not enforceable according to which contract characteristic? - =Answer>> Legal pu rpose Which policy condition encourages policyholder to insure to at least 80% of replacement value to avoid a penalty with partial losses? - =Answer>> Coinsura nce Which one of the following represents an advantage of obtaining a policy loan versus a withdrawal? - =Answer>> The loan is not taxed while a withdrawal is taxed for amounts above the contract cost basis An insured operates a auto repair shop and has a garage coverage form with garagekeepers insurance when an employee on a test drive with a customer's car is involved in a crash. How will the customer's car be covered by the insured's policy? - =Answer>> The cust omer's car is covered for any physical damage while in the custody of the insured. Which coverage forms are used when the insured sustains loss of revenue due to direct physical loss from a peril insured against that forces the insured to suspend operations during the period of restoration? - =Answer>> Business Income Coverage Forms Need Writing 🤔Help? We've Got You Covered! ✍️ 100% NO A I or Plagiarism Guaranteed🤔
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Which of the following provides insurance for employers when workers not covered by workers' compensation insurance are injured on the job and sue for compensation?
- =Answer>> Employer Liability Why are insurance policies considered conditional contracts? - =Answer>> Certain conditions need to be met to make the contract legally enforceable When an insured disagrees with the valuation of a loss and his appraiser and the insurance company's appraiser disagree, how will the loss be settled? - =Answer>> The amou nt agreed to by any two of the three Which type of coverage would be appropriate for a detached garage in a DP-1 policy? - =Answer>> Coverage B Which of the following represents the maximum amount reimbursable for tree debris removal for one occurrence under all Homeowners forms? - =Answer>> $1, The insured carries uninsured motorist coverage limits of 100/300/100 and is struck by an uninsured motorist, who will pay insured's bodily injury damages claimed for $100,000? - =Answer>> The insu red's insurance company When the insured's child spills red juice on the carpet of insured's covered automobile, which of the following coverages will apply? - =Answer>> Comprehe nsive Need Writing 🤔Help? We've Got You Covered! ✍️ 100% NO A I or Plagiarism Guaranteed🤔
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An annuitant is paying into an annuity. The annuity contract is in the - =Answer>> Annuitiz ation Period At what age MUST an owner of a Traditional IRA start taking distributions? - =Answer>> 70 1/ How does the BOP differ from the CPP? - =Answer>> The BOP prepackages a group of coverages desirable to small businesses. Which of the following describes market value? - =Answer>> It is wh at property could be sold for Which of the following statements BEST describes Credit Life Insurance? - =Answer>> Insuranc e issued on a debtor to cover outstanding debt. An insured has been unable to sell his house for the past 18 months. He was desperate and decides to set fire to his house to collect the insurance money. This loss would NOT be paid under the Homeowners Policy because - =Answer>> The loss was intentional Exclusions common to liability coverage for both the personal auto policy and the business auto policy include all of the following EXCEPT - =Answer>> For liab ility arising while the insured auto is being used in an auto business As a general rule, commercial inland marine insurance covers all of following EXCEPT - =Answer>> Merchand ise while it is being manufactured Need Writing 🤔Help? We've Got You Covered! ✍️ 100% NO A I or Plagiarism Guaranteed🤔
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The description of the insured will be found in which part of an insurance policy? - =Answer>> Definiti ons A basic vision care package includes all of the following EXCEPT - =Answer>> Safety g lasses A bank customer's identity was compromised and the thieves made numerous purchases from a retailer by signing the customer's checks. When the bank refused to make payment for the goods, the retailer brought suit against the bank. Which coverage indemnified the bank for liability in the suit? - =Answer>> Forgery and Alteration The Terrorism Risk Insurance Act and the National Flood Insurance Program are similar by providing which of the following? - =Answer>> Subsidie s, loss sharing or excess coverage Offer, acceptance, and consideration are necessary elements of - =Answer>> A contra ct All of the following would be eligible expenses after a loss under Coverage E Additional Living Expense EXCEPT - =Answer>> Mortgage Expenses Which is an example of when an immediate annuity would be appropriate? - =Answer>> Upon rec eipt of large insurance proceeds Need Writing 🤔Help? We've Got You Covered! ✍️ 100% NO A I or Plagiarism Guaranteed🤔
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The State highway department is rebuilding a roadway and the general contractor winning the bid will be required to purchase a bond guaranteeing the work will be completed according to specifications and on time. Which of the following types of bonds will the general contractor need to purchase? - =Answer>> Surety b ond When an individual with a pre-existing condition is in an automobile accident and the insurance covers rehabilitation only to the level of the condition prior to the accident, this is because of which of the following principles? - =Answer>> Indemnit y Which of the following is one of the objectives of the Terrorism Risk Insurance Act of 2002? - =Answer>> It limit s the exposure of individual insurers and the insurance industry as a whole All of the following are used by the courts to establish negligence EXCEPT - =Answer>> Policy e xclusions. Which is the thing of value exchanged for the performance promised in the insurance contract? - =Answer>> Consider ation Which party is required to provide proof of loss to establish entitlement? - =Answer>> The insu red Which of the following is a duty of the insured after a loss? - =Answer>> Minimizi ng further loss Need Writing 🤔Help? We've Got You Covered! ✍️ 100% NO A I or Plagiarism Guaranteed🤔
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Before taking legal action, what third-party can help end disputes over the value of a loss? - =Answer>> Arbitrat or Which of the following is an example of a hospital indemnity plan? - =Answer>> Pays a f ixed amount per day to the insured for each day the insured is hospitalized Which of the following sides represent the front surface of the patient? - =Answer>> Anterior How long is the broad theft coverage endorsement invalid if the property is vacant? - =Answer>> More tha n 60 consecutive days All of the following types of personal property are covered under Coverage C EXCEPT - =Answer>> Collecta ble gold coins When a policy or certificate containing an accelerated benefit provision is applied for or delivered, the producer is responsible for providing the applicant a summary of coverage that includes all of the following EXCEPT - =Answer>> A detail ed and comprehensive summary of the accelerated benefit Which of the following is NOT a nonforfeiture option available in a Whole Life Policy? - =Answer>> Accumula tion at interest Need Writing 🤔Help? We've Got You Covered! ✍️ 100% NO A I or Plagiarism Guaranteed🤔
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Which of the following is the party who agrees to be responsible for loss in the case of a fidelity bond? - =Answer>> The Sure ty Which type of bond specifically protects against dishonesty by employees whose names or positions are listed in the policy? - =Answer>> Schedule d Which type of endorsement covers causes of loss specifically listed in the policy? - =Answer>> Named Pe rils Which of the following is excluded from coverage under an aircraft liability policy? - =Answer>> Passenge r Personal Property All of the following are correct for excess lines carriers EXCEPT - =Answer>> They off er better contracts at lower rates Which of the following professionals would purchase Directors and Officers (D &O) insurance to manage the liability risk associated with their activities? - =Answer>> CEO Wha t does a misrepresentation involve that could void a policy? - =Answer>> Informat ion that may change the insurer's interest in issuing the policy if known at the time of the application How does a concealment differ from a warranty or representation? - =Answer>> A concea lment is an omission of detail by the insured designed to distort the truth, while the others are perceived as true. Need Writing 🤔Help? We've Got You Covered! ✍️ 100% NO A I or Plagiarism Guaranteed🤔
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Which policy condition applies when an insurer covers property losses at cash value rather than an amount that exceeds the repair or replacement value? - =Answer>> Loss set tlement condition Which of the following types of Dental Policies typically pays a portion of usual and customary charges for covered procedures? - =Answer>> Comprehe nsive (Non-Scheduled) In a Whole Life Policy, all of the following factors are guaranteed EXCEPT - =Answer>> Dividend s A personal injury endorsement added to a Homeowners Policy would provide coverage for liability caused by the insured - =Answer>> Intermit tently entering his tenant's apartment to see if the tenant is harboring a cat, which violates the tenant's lease. Which of the following is considered temporary substitute auto for physical damage? - =Answer>> A non-ow ned auto All of the following are common exclusions in a liability policy EXCEPT - =Answer>> Damage c aused by acts of civil disobedience and riots. According to the Nationwide Definition of marine insurance, which category is an eligible marine risk? - =Answer>> Imported Goods Which of the following would be covered by a commercial package policy? - =Answer>> Loss due to crime Need Writing 🤔Help? We've Got You Covered! ✍️ 100% NO A I or Plagiarism Guaranteed🤔
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amount of each premium payment falling between a minimum and maximum amount Which of the following is covered by the Homeowners Broad form (HO-2) insurance? - =Answer>> Breakage of glass Which of the following injuries will medical payments on a homeowner policy pay? - =Answer>> A neighb or's injury from fall while helping clean insured's eaves All of the following perils are specifically listed as being other than collision losses in the personal auto policy Part D- coverage for damage to your auto EXCEPT - =Answer>> Tapes, r ecords, disks and other media All of the following areas of supplementary payments are paid in addition to the regular limit for coverage in a liability policy EXCEPT - =Answer>> Prejudgm ent interest when it is included as part of the damages for the insured is paid. Liability arising out of any of the following is excluded from the personal and advertising injury liability coverage EXCEPT - =Answer>> Unknowin gly inflicting injury that violates the rights of another The property coverage of a BOP includes which of the following? - =Answer>> Carpetin g that is permanently installed inside the building When an employer sends employees out of state on work related business, which of the following must he do to Need Writing 🤔Help? We've Got You Covered! ✍️ 100% NO A I or Plagiarism Guaranteed🤔
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ensure the appropriate workers' compensation coverage? - =Answer>> List the state on the information page for other states' coverage In a Surety Bond, the principal is the person who - =Answer>> Performs certain acts under the contract. All of the following situations represent additional personal liability exposures that can be met with an umbrella policy EXCEPT - =Answer>> Liabilit y arising out of business pursuits A prospective insured makes statements on an insurance application that he believes are true to the best of his knowledge and belief. These statements are considered - =Answer>> Represen tations All of the following are considered compensatory special damages when an insured is found legally liable for the loss of another EXCEPT - =Answer>> Mental a nguish Which of the following is true for most comprehensive dental policies? - =Answer>> Routine care is provided without coinsurance or deductibles Which whole life policy premium type is the most common?
- =Answer>> Continuo us premium Which of the following limits of insurance on the dwelling are available and apply to Coverage D-Fair Rental Value? - =Answer>> 20% Need Writing 🤔Help? We've Got You Covered! ✍️ 100% NO A I or Plagiarism Guaranteed🤔
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How do warranties differ from representations? - =Answer>> A warran ty is guaranteed to be true, a representation is believed to be true to the best of one's knowledge. All of the following types of construction would be subject to functional replacement cost basis EXCEPT - =Answer>> Modern Which of the following policies is considered a limited policy? - =Answer>> Accident only In which of the following DP forms is the dwelling covered under open perils and the personal property on a named peril basis? - =Answer>> DP- Wh ich of the following forms trigger coverage for a loss under the commercial general liability policy if a loss happens during the policy period? - =Answer>> Occurren ce form Need Writing 🤔Help? We've Got You Covered! ✍️ 100% NO A I or Plagiarism Guaranteed🤔
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