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Property and Casualty Insurance Producer Exam

Claims (NY): practice questions

Our Property & Casualty Insurance bank has 15 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

Under New York's standard fire policy, the insured must file a sworn proof of loss within:

  1. 30 days
  2. 90 days
  3. One year
  4. 60 days after the loss
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D. 60 days after the loss — NY Ins. Law 3404 (standard fire policy): within sixty days after the loss, unless extended in writing, the insured renders a signed, sworn proof of loss.

Question 2 · New York

In New York, if a judgment against the insured stays unpaid how long after notice of entry is served, the injured party may sue the insurer directly?

  1. 10 days
  2. 60 days
  3. One year
  4. 30 days
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D. 30 days — NY Ins. Law 3420(a)(2): if a judgment remains unsatisfied at the expiration of thirty days from serving notice of entry, an action may be maintained against the insurer.

Question 3 · New York

If one side refuses to go ahead with an appraisal demanded under a New York fire policy, the other side may:

  1. Cancel the policy and refund the unearned premium
  2. Sue the agent
  3. Ask the court for an order directing compliance
  4. Double the claim amount
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C. Ask the court for an order directing compliance — NY Ins. Law 3408(c): either party may apply to the court for an order directing the other to comply with the demand.

Question 4 · New York

In New York, an application for a court-appointed umpire under the standard fire policy is made on how much written notice to the other party?

  1. Two days
  2. Five days
  3. Ten days
  4. Thirty days
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B. Five days — NY Ins. Law 3408(a): the application to a supreme court justice or county judge shall be on five days' notice in writing to the other party.

Question 5 · New York

Under NY Ins. Law 2601, after receiving a properly executed proof of loss, the insurer must advise the claimant of acceptance or denial within:

  1. 10 working days
  2. 30 working days
  3. 60 calendar days
  4. 90 calendar days
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B. 30 working days — NY Ins. Law 2601(a)(4): after receiving a properly executed proof of loss, the insurer shall advise the claimant of acceptance or denial within thirty working days.

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