Insurance License NY Questions and Answers Graded A

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Insurance License NY Questions and Answers Graded A New home buyer S called his agent and told him that he wanted the broadest coverage available for his new home. Which policy would the agent be m... ost likely to recommend? A) HO-3 B) HO-5 C) HO-2 D) HO-8 ✔✔B Which of the following best defines a hazard? A) It eliminates the chance of loss B) It increases the chance of loss C) It is a cause of loss D) It increases the amount of loss ✔✔B Under the Homeowners Forms, Coverage C includes which type of coverage? A Other Structures B Additional Living Expense C Special Damages D Contents and Personal Property ✔✔D Under Coverage A of a Dwelling Policy, all of the following are covered, except: A Fire or lightning damage to outdoor television antennas B Land, including the land on which the dwelling is located C Materials for repairing the dwelling, located on the described location D Outdoor equipment on the location used to service the dwelling ✔✔B Which of the following definitions is NOT amended by the Miscellaneous Type Vehicle - New York PP 03 29 Endorsement? A Newly Acquired Auto B Insured C Miscellaneous Type Vehicle D Physical Damage ✔✔D Which federal entity administers the Terrorism Insurance Program created by TRIA? A Department of Homeland Security B Department of the Treasury C NAIC D Department of Defense ✔✔B Which of the following is part of the legal responsibility of maintaining an insurance license? A An agent must inform the Superintendent of any change in address within 10 days B An agent must inform the Superintendent of any change in address within 60 days C An agent must inform the Superintendent of any change in address within 30 days D An agent must inform the Superintendent of [Show More]

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