NY General Adjuster test (+100 Questions and Answers |100% Pass

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NY General Adjuster test (+100 Questions and Answers |100% Pass All of the following are eligible for group long term care insurance, EXCEPT: o A group formed as a cooperative to buy insurance at ... a discount. o One or more employer or labor organizations for the benefit of the employees. o Any professional, trade or occupational association for the benefit of their bona fide members or retirees. o A trust established or maintained for the benefit of members of a qualifying association. {{Correct Ans- A group formed as a cooperative to buy insurance at a discount In case of a loss, how many days’ notice does the insured have after notification of a claim to submit the claim to the underwriters of the ocean marine coverage? 60 Days 90 Days 120 Days 180 Days {{Correct Ans- 180 days is correct. What are the unique features of the Business owners’ policy form? o It provides owned auto and ocean marine coverage o The premium is adjustable and is based on number of employees o The property coverage is open peril with no coinsurance requirement o It has fewer exclusions {{Correct Ans- The property coverage is open peril with no coinsurance requirement A named peril aviation policy would cover all of the following, EXCEPT: o Flood o Theft o Stationary land damage o Windstorm {{Correct Ans- Flood After completing an inspection of an insured's pressure equipment and fire suppression systems, the inspector determines that the pressure equipment needs to be repaired and the suppression systems have not been cleaned and inspected in the time frame required by the policy. The insurer will: o Give notice to the insured to make the repairs within 24 hours o Require the insured to send copies of the cleaning and repairs to the underwriter o Suspend coverage immediately by red tagging the items until they are repaired, cleaned and pass re-inspection o Reduce coverage in case of loss by 25% {{Correct Ans- Suspend coverage immediately by red tagging the items until they are repaired, cleaned and pass re-inspection What is the maximum period of time that coverage applies under civil authority business income coverage under the BOP? {{Correct Ans- 4 weeks is correct. [Show More]

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