New York Accident & Health Insurance Adjuster ( Latest 2023/2024 ) Latest Questions With Complete Grade A Answers
- The New York Superintendent of Insurance is
Answer: Appointed by the governor of New York
- The primary responsibility of the Superintendent of Insurance is
Answer: Enforcing the state insurance laws and regulations.
- An independent adjuster
Answer: A person who acts on behalf of an insurer in investigating and adjusting claims and/ or performing any duties required by the insurer.
- A public adjuster
Answer: A person who acts on behalf of an insured in negotiating the settlement of certain claims for loss or damage to property.
- The qualifications for obtaining a New York Accident & Health Adjuster license
are:
Answer: Must be 18, submit to finger printing, and must be approved by at least five reputable citizens of the community
- Following the occurrence of a legitimate, within what period of time can an
insured bring legal action against the insurer for failure to promptly and properly settle the claim?
Answer: Within two years after the inception of the loss
- Failing to acknowledge reasonable communication with respect to claims arising
out of policies is an example of:
Answer: Unfair claims practices
- New York residents securing any type of insurance adjuster license must meet the
following qualifications:
Answer: Pass the state licensing examination, maintain a $1,000.00 surety bond.
- A policy holder must give notice of a claim within or as soon as reasonably
possible.
Answer: 20 days
- New York independent adjuster
Answer: acts on behalf of an insurer 1 / 2
- New York public adjuster
Answer: acts on behalf of the insured
- The amount of bond required to be filed by an adjuster with the state of New
York is:
Answer: $1,000.00
- The intentional failure to disclose known facts is known as
Answer: Concealment
14. An adjuster's license expires:
Answer: Biennially on December 31 of even numbered years and may be renewed
for an ensuing two calendar years.
- A business or residential address change must be reported to the insurance
department within:
Answer: 30 days of the change
- Federal law addressed fraud, material misrepresentation, embezzlement, and
misappropriation of monies involving the interstate commerce of insurance. If found
guilty, the punishment will be:
Answer: Imprisonment for up to 15 years
- When a person is believed to have violated the New York insurance code, the
Superintendent will serve the accused a statement of charges and a notice of a hearing.When must the hearing be held?
Answer: 10 days after the notice is served
- Statements made by an applicant for an insurance policy which are sup- posed
to be true are referred to as:
Answer: Representations
- An act of deliberate deceit with the intent to take property of another or take
unfair advantage of another is:
Answer: Fraud
- Misrepresentation
Answer: Leading a client to believe that a policy contains benefits that it does not contain.
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