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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 Insurance Adjuster Licensing Exam Superintendent, and Disciplinary Actions Review Questions and Answers | 100% Pass Guaranteed | Graded A+ | Read All Instructions Carefully and Answer All the Questions Correctly Good Luck: - Requirements for all adjusters: - =Answer>> ●Bond: adjusters must post a bond with the superintendent for $1, ● Fingerprinting In order to get an insurance adjuster license, you must fulfill the following requirements - =Answer>> Submit signed witness of 5 reputable people not related by blood or marriage who have known you for 5 years and believe you to be honest, competent, and of good character Temporary adjuster permits available in certain situations - =Answer>> ●Good for 120 days, or longer if necessary for catastrophic loss License renewal - =Answer>> ●Must file for a renewal application and pay the fee before the expiration date ● All NY adjuster licenses expire on December 31 of even numbered years ● If licensee receives non-renewal notice: 30 days to request a hearing Need Writing 🤔Help? We've Got You Covered! ✍️ 100% NO A I or Plagiarism Guaranteed🤔
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Penalties - =Answer>> For licensees who violate insurance law or fail to uphold fair claims settlement practices, the superintendent can fine up to $500 for each violation, or up to $2,500 total for a number of offenses. the fine must be paid within 20 days New York's cybersecurity requirements are as follows. - =Answer>> 1. Have a written cybersecurity policy, and a Chief Information Security Officer (CISO) to oversee the running of the cybersecurity policy and program and make sure that the company is following New York's cybersecurity requirements
- Keep records of financial transactions for at least 5 years, and records of cybersecurity events for at least 3 years, and be prepared to send the superintendent any available information about its cybersecurity program if he requests it
- Notify the superintendent within 72 hours if it is the victim of cybercriminal activity Companies are exempt from certain cybersecurity requirements (such as having a CISO and keeping records for up to 5 years) if they: - =Answer>> ●Have fewer than ten employees ●Make less than $5,000,000 per year in each of the last 3 years ●Have less than $10,000,000 in year-end total assets Need Writing 🤔Help? We've Got You Covered! ✍️ 100% NO A I or Plagiarism Guaranteed🤔
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Under the farm forms, the maximum amount payable for a loss to a satellite dish is: - =Answer>> The correct answer is: $1,000.. The State Insurance Fund provides workers compensation coverage for which of the following? - =Answer>> The fund is for both those employers unable to obtain coverage and those purchasing coverage in the competitive market. Part I of the Workers Compensation Employer Liability Insurance Policy describes - =Answer>> The insurer's duty to pay promptly, when due, the benefits required of the employer by the workers compensation statute Vision care insurance policies most often cover: - =Answer>> The cost of lenses and frames.. John Smith has just made his last car payment which concludes his contract. The finance company, for reasons not immediately apparent, has the car repossessed. If Mr. Smith brings a suit, the court will allow Mr. Smith to retake possession of the car pending the court's final ruling as to ownership if Mr. Smith provides the court a: - =Answer>> Replevin bond.. A replevin bond guarantees that if property is in the possession of party A is determined to belong to party B and the court orders its return to party B, party A will do so. Party A would first have to obtain an attachment bond, also required by the court, in case the property was wrongfully repossessed. Need Writing 🤔Help? We've Got You Covered! ✍️ 100% NO A I or Plagiarism Guaranteed🤔
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significant purpose of a reporting form under the dealer's physical damage coverage under the garage policy? - =Answer>> To deal with changing values of autos held for sale.. What is the limit that will be paid for the fire department service charge in the BOP form? - =Answer>> : $2, The Personal Auto Policy, under Supplementary Payments: - =Answer>> Will pay the insured up to $200 per day for loss of earnings due to testifying at a trial concerning an accident caused by the insured. Which of the following is not paid under personal auto medical payments? - =Answer>> Pain and suffering. Who are the three parties to the "appraisal clause"? - =Answer>> The two appraisers and the umpire. The insured is covered under a BOP for $200,000 on his building. The risk is completely destroyed by fire. It will cost $225,000 to replace the building. The cost to remove the debris is $25,000. How much, if any, will the company pay for this loss? - =Answer>> $225, The company will pay the $200,000 plus another $25, for the debris removal. The policy provides an extra limit of $25,000 where the cost to rebuild or replace the building exhausts the limits of coverage. Need Writing 🤔Help? We've Got You Covered! ✍️ 100% NO A I or Plagiarism Guaranteed🤔
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After receiving an inquiry from the Insurance Department regarding a claim, an insurer must respond within: - =Answer>> 10 business days What does the term "comparative negligence" refer to? - =Answer>> The percentage of fault is shared by each driver in an accident in which both contribute to causing the accident.. Sam's home located in a rural area is insured under a DP- dwelling form with a $500 deductible. He experiences a fire at his home and has to call the local volunteer fire department to extinguish the fire. He receives a bill from the fire department in the amount of $800. How much of the bill from the fire department will his policy pay? - =Answer>> : $ The policy will provide $500 to pay for fire department charges incurred when the fire department is called to save or protect covered property from a peril insured against. This coverage is additional insurance and no deductible applies. The insured has sustained a loss of income loss from a covered peril under his Businessowners Policy. What deductible applies to loss of income coverage? - =Answer>> A 72 hour waiting period before the policy pays. All of the following can be gathered from an air sampling test, EXCEPT: - =Answer>> Skin exposure to toxic chemicals.. Need Writing 🤔Help? We've Got You Covered! ✍️ 100% NO A I or Plagiarism Guaranteed🤔
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The insured has suffered roof damage as a result of a tornado. He makes temporary repairs until permanent repairs can be made. He spends $1,500 for this work. How much, if any, will the DP-2 dwelling policy pay? - =Answer>> $1, On what date must an adjuster license be renewed? - =Answer>> December 31 - even numbered years. In New York, continuing education requirements for agents must be satisfied: - =Answer>> Biannually The personal liability section of a Homeowners Policy covers which of the following? - =Answer>> Bodily injury or property damage caused by the personal activities of an insured.. Which of the following statements is false concerning "no- fault" auto insurance? - =Answer>> Negligence must be proved.. In the newest edition of the Commercial Property form, which of the following is now considered part of the building? - =Answer>> Vegetated Roofs. Need Writing 🤔Help? We've Got You Covered! ✍️ 100% NO A I or Plagiarism Guaranteed🤔
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