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Property and Casualty Insurance Producer Exam

Auto and no-fault (NY): practice questions

Our Property & Casualty Insurance bank has 12 questions on this topic. Here are 5 of them with answers; the full mock exam draws from every topic, like the real one.

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Question 1 · New York

New York's minimum auto liability for property damage in one accident is:

  1. $5,000
  2. $15,000
  3. $10,000
  4. $25,000
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C. $10,000 — NY Veh. & Traf. Law 311(4): ten thousand dollars because of injury to or destruction of property of others in any one accident.

Question 2 · New York

New York no-fault pays other reasonable and necessary expenses up to:

  1. $50 per day for up to two years
  2. $10 per day for six months
  3. $25 per day for up to one year
  4. $100 per day with no time limit at all
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C. $25 per day for up to one year — NY Ins. Law 5102(a)(3): all other reasonable and necessary expenses up to twenty-five dollars per day for not more than one year.

Question 3 · New York

New York's minimum auto liability for bodily injury to one person (not death) is:

  1. $25,000
  2. $10,000
  3. $15,000
  4. $50,000
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A. $25,000 — NY Veh. & Traf. Law 311(4): twenty-five thousand dollars for bodily injury to one person and fifty thousand for death of one person in any one accident.

Question 4 · New York

New York's minimum bodily injury limit for two or more people (not death) in one accident is:

  1. $30,000
  2. $60,000
  3. $100,000
  4. $50,000
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D. $50,000 — NY Veh. & Traf. Law 311(4): fifty thousand dollars for bodily injury and one hundred thousand dollars for death of two or more persons in any one accident.

Question 5 · New York

When a New York auto insurer settles a total loss in cash, its minimum offer may be based on:

  1. The insured's purchase price shown on the bill of sale
  2. The loan balance
  3. The average retail value of a substantially similar vehicle in listed valuation sources
  4. The repair estimate
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C. The average retail value of a substantially similar vehicle in listed valuation sources — 11 NYCRR 216.7(c)(1): the minimum cash offer, subject to deductions, must be one of the listed methods, such as the average of retail values for a substantially similar vehicle in approved sources.

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