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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Claims Investigation & Adjusting Procedures | 20% | - Claim intake, notice of loss, and initial investigation - Settlement negotiation, reservation of rights, and denial procedures - Loss valuation, damage assessment, and estimating - Evidence gathering, coverage analysis, and policy interpretation |
| Topic 2: Property & Casualty Coverages | 25% | - Automobile coverages — Personal and Commercial - General Liability and Commercial General Liability - Dwelling and Homeowners policies - Commercial Property and Businessowners policies - Specialty lines — Inland Marine, Flood, Workers' Compensation, Crime |
| Topic 3: Insurance Fundamentals & General Principles | 15% | - Indemnity, subrogation, utmost good faith - Risk management and insurable interest - Insurance contract elements and legal structure |
| Topic 4: Ethics & Professional Responsibility | 15% | - Fair claims handling standards and professional conduct - Fraud detection and reporting obligations - Fiduciary duty, conflict of interest, and confidentiality |
| Topic 5: New York Insurance Law & Regulations | 25% | - State-specific policy provisions and mandatory endorsements - Unfair Claims Settlement Practices Act / Regulation 64 - NY Insurance Law Articles and DFS regulations - Licensing requirements, eligibility, and examination rules |
A homeowners policy debris removal clause covers
Correct Answer: B 🗳️
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Damage caused to a farmer's crops during an emergency aircraft landing would be covered by
Correct Answer: D 🗳️
Explanation: Only visible for TroytecDumps members. You can sign-up / login (it's free).
If a businessowner has a loss, which of the following will the insurer REQUIRE from the insured to assist in the business interruption portion of the claim?
Correct Answer: D 🗳️
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Hired and Non-owned Auto Liability Endorsement covers which of the following?
Correct Answer: A 🗳️
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If a licensee has been found to have committed any fraudulent or dishonest practice, the Superintendent may do all of the following EXCEPT
Correct Answer: A 🗳️
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