New York State Property And Casualty Licensing Exam Questions And Answers

What does automobile insurance Supplementary Payments refer to? {Ans: Payment of defense and other expenses by the insurance company beyond the limits of liability.. Any expense the insurance company wishes to incur in the processing of a claim is outside the limits of coverage. The insured is not penalized.}certificate that states that the appointed agent is trustworthy and competent to transact insurance business {Ans: certificate of appointment of agent}written and or oral information regarding a consumers credit, character, reputation, or habits collected by a reporting agency from employment records, credit reports, and other public sources {Ans: consumer reports}what does Homeowners - Coverage C exclude? {Ans: The Homeowners forms exclude certain types of property. Pets are not covered for loss by an insured peril. The policy also excludes coverage for property that is more specifically insured. Property of tenants is also excluded.}continuing education rules {Ans: any residnent or non resident agent must complete 15 hours of instruction by an approved provider of continuing education every two years. this continuing education requirement applies to agents licensed all lines of property and casualty insurance}the act of directly conferring with or offering advice to a purchaser or prospective purchaser