NY 15 Q Test 2

An innocent party relies on certain statements made by the adjuster and is damaged as a result. The guilty party may be legally prohibited from asserting that the fact does not exist because of:

A family takes their 50 horsepower power boat to the lake on a trailer towed behind their personal auto. The pleasure boat is adequately covered under which of the following policies?

An adjuster commits an act of insurance fraud addressed by the Federal Insurance Fraud Act. The fraud does not affect the financial stability of the company. What is the maximum time the adjuster may be confined to prison?

An insured is covered under a homeowner policy with the HO-3 form and $500,000 for coverage A. The dwelling is a total fire loss. What is the extra coverage provided by the policy for debris removal if needed?

The BOP has limitations on the square footage in regard to eligible risks. What is the maximum square footage a building can contain and still be eligible for the policy?

Which of the following is not considered "covered property" under all homeowner forms?

A New York insurance licensee must advise the insurance department of a change of address within:

A mutual insurance company is:

Which of the following is not an "insured" under homeowner policies?

Which of the following dwelling forms provides broad form coverage for personal property?

All of the following statements about HO-8 are correct, EXCEPT:

Which of the following relieves the financial burden on the claimant by making certain payments to the claimant even before the claim is negotiated?

A person, firm or corporation that, for compensation, acts on behalf of an insurer in investigating and adjusting claims arising under policies issued by an insurer and who performs any duties required by the insurer that are incidental to those claims is known as a/an: 

All Homeowner policies provide "Property Removed" coverage for up to how many days?

The insured owns a 50 HP fishing boat covered under a watercraft policy for hull insurance. He also carries a homeowner policy. He ties his boat to a tree and goes ashore to camp. The next morning he discovers that his boat is stolen. Which policy would pay the claim?