1 | P a g e NEW YORK ADJUSTER EXAM NEWEST 2024 (3 LATEST VERSIONS) COMPLETE 300 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A NEW YORK ADJUSTER EXAM VERSION A A coverage provided in many Property contracts that reimburses the insured for expenses involved in removing debris produced by a loss from a Peril insured against. - ANSWER- Debris Removal Covers personal property when an insured is constructing a new building, but only for a limited amount of time. - ANSWERNewly Acquired or Constructed Property and Property OffPremises A duty of care arises when the law recognizes a relationship between two parties, and due to this relationship, one party has a legal obligation to act in a certain manner toward the other. - ANSWER- Duty of Care A person or entity breaches the duty of care by failing to take reasonable care in fulfilling the duty. - ANSWER- Beach of Duty 2 | P a g e Without the breach of duty, the person would not have suffered an injury. - ANSWER- Actual or Direct Cause An unbroken chain of events from the breach of duty to the cause of the accident or injury. - ANSWER- Proximate Cause A common law defense against negligence that states of an individual contributes to his or her own loss in any way, then another cannot be held liable for the loss. - ANSWERContributory Negligence allows the plaintiff to collect some damages, but it will be reduced by the amount by which the plaintiff contributed to his own injury. - ANSWER- Comparative Negligence damages are divided between the parties in proportion to the degree of fault or negligence found against them. - ANSWERPure Comparative Negligence The plaintiff can not recover damages if he/she is found to be equally responsible, or more responsible for the injuries than the defendant. - ANSWER- Modified Comparative Negligence 3 | P a g e protects a borrower's privacy. - ANSWER- Gramm-LeachBliley Act Regulates the collection and disclosure of private financial information. - ANSWER- The Financial Privacy Rule Stipulates that financial institutions must implement security programs to protect such information. - ANSWER- The Safeguards Rule Prohibit the practice of pretexting (accessing private information using false pretenses). - ANSWER- The Pretexting Provision a United States law that after a certain deductible provides U.S. businesses government insurance coverage for the risk of terrorism. - ANSWER- Terrorism Risk Insurance Act of 2002 Has been extended for six years until December 31, 2020. - ANSWER- Terrorism Risk Insurance Extension Act Must result in more than $5 million; must be perpetrated with the United States as a result of foreign or domestic terrorism. - ANSWER- Act of Terrorism 4 | P a g e TRIA further stipulates that no act may be certified as an act of terrorism if the act is committed as part of the course of a war declared by Congress. - ANSWER- Acts of War Exclusion One objective of a concurrent review provision in group accident and health insurance is to? - ANSWER- Monitor length of stay in the hospital once the patient is admitted. For groups with high prior claims experience, an insurer would be likely to? - ANSWER- Expect high future claims experience Antigen is the medical term for? - ANSWER- An infectious agent Why would an insurer limit the combined amount of disability income benefits under multiple policies purchased by an insured from the same or another company? - ANSWER- To prevent the insured from receiving a benefit amount which might make becoming disabled financially attractive. A contract offered for acceptance or rejection without negotiation is called ? - ANSWER- contract adhesion How does the Medicare Supplement at-home recovery services benefit differ from the Medicare home health care benefit?