chapter 15
Which of the following is false concerning the dependent child age limit? A The limiting age for health coverage as a dependent is age 19 with some exceptions B The limiting age for a child who is uninsured or ineligible for coverage under an employer-sponsored health plan may be through age 29 under hospital, medical or surgical expense insurance C Under hospital, medical, surgical, or prescription drug expense insurance, the limiting age is 26 D A child must be unmarried for the limiting age of 26 under hospital, medical, surgical, or prescription drug expense insurance
A child must be unmarried for the limiting age of 26 under hospital, medical, surgical, or prescription drug expense insurance
Which of the following statements is correct with regard to consumer privacy? A Once a covered entity has provided an initial privacy notice to an individual, it is not required to provide any further notice to such individual B A covered entity may be required to give each customer a notice of the right to opt out of disclosure C A covered entity may disclose nonpublic personal financial information for marketing purposes D A covered entity is not required to provide a notice before disclosing a new category of information to any nonaffiliated third party
A covered entity may be required to give each customer a notice of the right to opt out of disclosure
Which of the following is false with respect to licensing? A An individual license applicant must be appointed by a New York licensed insurance company B A license issued to a firm authorizes the employees as sublicensees to act individually as agents under the license C An individual license applicant must be at least 18 years of age when the license is issued D An individual license applicant must pass a personal written exam for the appropriate line(s) of authority
A license issued to a firm authorizes the employees as sublicensees to act individually as agents under the license
Under the Equipment Breakdown Protection Coverage Form EB 00 20 Endorsement, coverage for Newly Acquired Premises begins: A At the time the insured starts using the property B At the time the insured negotiates the acquisition of the property C At the time the insured acquires the property D 30 days after the insured acquires the property
At the time the insured acquires the property
The term, 'negotiate', means: A Obtaining information for future marketing purposes B Conferring, only directly, with or offering advice to a purchaser or prospective purchaser of a particular contract of insurance C Conferring directly, or indirectly, with or offering advice directly, or indirectly, to a purchaser or prospective purchaser of a particular contract of insurance D Servicing an existing client
Conferring, only directly, with or offering advice to a purchaser or prospective purchaser of a particular contract of insurance
A temporary insurance license authorizes the licensee to do which of the following? A Renew existing insurance on behalf of the original licensee B Sell new insurance on behalf of the original licensee C Solicit new insurance on behalf of the original licensee D Negotiate new insurance on behalf of the original licensee
Renew existing insurance on behalf of the original licensee
With regard to the different types of HMOs: A Under the Group Model, the HMO contracts separately with any combination of individual physicians, medical groups, or physicians' associations B Under the Staff Model, the HMO contracts with an independent medical group C Under the Independent Practice Association Model, the contracting physicians are paid employees working on the staff of the HMO D Under the Staff Model, the contracting physicians are paid employees working on the staff of the HMO
Under the Staff Model, the contracting physicians are paid employees working on the staff of the HMO
Under the Equipment Breakdown Protection Coverage Form EB 00 20 Endorsement, coverage for property damage due to fungus, wet rot or dry rot is limited to: A $25,000 B $5,000 C $15,000 D $10,000
$15,000
Illegally employed minors are entitled to double compensation benefits that must be paid by the employer, not the Workers' Compensation insurer. A $10,000/$25,000 B $100,000/$300,000 C $50,000/$100,000 D $25,000/$50,000
$25,000/$50,000
An insurer may cancel a commercial lines policy for non-payment of premium by giving _____ days advance notice, after it has been in force for 60 days. A 60 B 45 C 15 D 20
15
Insurance producers are required to complete how many continuing education credits during each biennial licensing period? A 15 B 40 C 24 D 20
15
In New York, any child is considered a dependent under most types of insurance until attaining the age of: A 29 B 26 C 19 D 23
19
An employer is required to file a completed ADR-2 form with the Workers' Compensation Board within: A 10 days from the date an employee is injured on the job B 30 days from the date an employee is injured on the job C 30 days of the final disposition or settlement of a Workers' Compensation claim D One year of the final disposition or settlement of a Workers' Compensation claim
30 days of the final disposition or settlement of a Workers' Compensation claim
What is the minimum amount of notice an insurer must provide to a policyholder in advance of cancelling a personal policy? A 30-40 days B 10-15 days C 15-20 days D 45-60 days
45-60 days
Which of the following statements is false with respect to a consultant? A A person, firm, association, or corporation providing professional insurance advice to clients may be licensed as a consultant B A general consultant license includes all lines of authority other than life, variable life, and variable annuity products C A life consultant license includes life insurance, annuities, and accident and health insurance D A consultant may be licensed to sell insurance, but only for the lines for which he/she is licensed as a consultant
A consultant may be licensed to sell insurance, but only for the lines for which he/she is licensed as a consultant
Under the Equipment Breakdown Protection Coverage Form EB 00 20 Endorsement, the following exclusions apply, except: A Earth movement B War or military action C Bodily injury to employees D Nuclear hazard
Bodily injury to employees
Under the Equipment Breakdown Protection Coverage Form EB 00 20 Endorsement, the following exclusions apply, except: A Nuclear hazard B War or military action C Bodily injury to employees D Earth movement
Bodily injury to employees
After a personal policy has been in effect for 60 days, the policy may not be cancelled: A For fraud or material misrepresentation B For a change in risk substantially increasing the hazard C If the insured is convicted for a crime arising out of acts that increase the hazard D Due to the insured changing his/her occupation
Due to the insured changing his/her occupation
Which of the following statements is false with respect to examinations by the Superintendent? A Insurers must maintain records for 5 calendar years, or until after the filing of an examination report or the conclusion of an investigation B Failure to provide records in a reasonable time can constitute a violation of law C The Superintendent may examine the books and records, including policy, claim, complaint, financial, and producer licensing records, of any insurer or licensee doing business in this state D Records must be maintained according to a retention plan approved by the Superintendent
Insurers must maintain records for 5 calendar years, or until after the filing of an examination report or the conclusion of an investigation
Which of the following statements is correct with respect to a Certificate of Authority? A Insurers are not required to have a Certificate of Authority in order to transact business in New York B An insurer may transact business in New York for a maximum of 30 days before obtaining a Certificate of Authority C It is unlawful for an insurer to transact any business in New York without a Certificate of Authority D An insurer transacting business in New York without a Certificate of Authority is not subject to any penalty
It is unlawful for an insurer to transact any business in New York without a Certificate of Authority
Under the Equipment Breakdown Protection Coverage Form EB 00 Endorsement, spoilage damage must be due to: A The actions of a third party B Natural causes C Lack or excess of power, light, heat, steam or refrigeration D An accident
Lack or excess of power, light, heat, steam or refrigeration
Which of the following notifies the Superintendent of a change of address? A Licensor B Client C Licensee D Insurer
Licensee
An agent's license expires on: A On the agent's date of birth each odd or even year, depending on whether the agent's date of birth is in an even year or an odd year B June 30th of odd numbered years, depending on whether the license was issued in an even year or an odd year C On the agent's date of birth each year D Each odd or even year, depending on whether the license was issued in an even year or an odd year
On the agent's date of birth each odd or even year, depending on whether the agent's date of birth is in an even year or an odd year
Which of the following statements is true with respect to Uninsured Motorist Coverage? A Bodily injury caused by a stolen vehicle is excluded under uninsured motorist coverage B Every motor vehicle policy must offer optional uninsured motorist coverage C At a minimum, coverage must be provided for $25,000 per person, and $50,000 per accident, for death D Physical damage is excluded under uninsured motorist coverage
Physical damage is excluded under uninsured motorist coverage
Which of the following is NOT an unfair claims practice? A Promptly acknowledging communications pertinent to a claim B Requiring an insured to sue by offering less than the amount due C Misrepresenting pertinent policy facts or provisions to claimants D Failing to attempt, in good faith, to promptly, fairly, and equitably settle a claim in which the insurer's liability has become reasonably clea
Promptly acknowledging communications pertinent to a claim
Which of the following statements is false with respect to contribution rates for group self-insurers? A Rates cannot be nondiscriminatory B Rates cannot be inadequate C Rates cannot be detrimental to the solvency of the group D Rates cannot be destructive of competition
Rates cannot be nondiscriminatory
Offering a client a return of premium, or a special favor or advantage in dividends as an inducement to making a contract, is known as: A Rebating B Misrepresentation C Replacement D Controlled business
Rebating is a form of bribery. Replacement is legal, and twisting is a form of misrepresentation.
The practice of an insurer rejecting to cover a risk solely because of the geographical location of the risk is known as __________. A The FAIR Plan B Community rating C Risk selection D Redlining
Redlining
The New York State Disability Benefits Law is administered by: A The Workers' Compensation Board B The Secretary of State C The Department of Insurance D The Department of Health
The Workers' Compensation Board
The liability limit during the extended reporting period must be at least equal to the policy's original annual aggregate limit when: A The extended reporting period has continued for at least 2 years B The extended reporting period begins C The extended reporting period ends D The extended reporting period has continued for at least 3 years
The extended reporting period has continued for at least 3 years
Which of the following statements about the Equipment Breakdown Protection Coverage Form is correct? A The form only provides coverage to repair damaged or broken equipment B The form includes Ordinance or Law coverage C The form covers all types of media and data D The form provides no coverage for mold or fung
The form includes Ordinance or Law coverage
In New York, an insurer may void a policy or deny a claim for misstatements under what conditions? A Within 2 years B Never C Within 5 years D Within 1 year
Within 2 years
'Home state' does NOT include: A A territory of the United States B The U.S. Virgin Islands C Texas D Canada
canda
Which of the following is considered a pre-paid health plan? A Major Medical Insurance B POS C HMO D PPO
hmo
Which of the following types of medical plans provides coverage for hospital, surgery, physician services and mental health care? A Basic Hospital B Basic Medical C Major Medical D Limited Accident
major medical
What is the minimum amount of notice an insurer must provide to a policyholder in advance of cancelling a commercial policy during the first 60 days it is initially in effect? A 15 days B 10 days C 20 days D 60 days
20 days
A temporary license may be issued for: A 90 days with additional terms of 90 days and no maximum limit B 180 days total C 90 days with additional terms of 90 days and a 15 month maximum limit D 90 days without renewal
90 days with additional terms of 90 days and a 15 month maximum limit
Which of the following licensees helps with the investigation and settlement of insurance claims? A Agent B Adjuster C Broker D Consultan
Adjuster
The Superintendent can revoke a license: A After 5 offenses B After a hearing C Once the Governor has given permission D After notice of judgment
After a hearing
With regard to benefits provided under Workers' Compensation: A Chiropractic services are not covered B Chiropractic services and Psychological services are subject to different rules C Mail order pharmaceuticals are not covered D Bills submitted to an employer for medical services must be paid within 45 days
Bills submitted to an employer for medical services must be paid within 45 days
Which of the following property is covered by the Flood Coverage CP 10 65 Endorsement? A Property that is not eligible for flood insurance pursuant to the Coastal Barrier Resources Act and the Coastal Barrier Improvement Act of 1990 B Boat houses and open structures located on or over a body of water C Underground pipes, flues and drains D Piers, wharves, docks, or retaining walls that are not part of a building and have not been as Covered Property by separate endorsement
C Underground pipes, flues and drains
Which of the following is NOT an optional provision for health insurance? A Change of Beneficiary B Unpaid Premium C Conformity with State Statutes D Misstatement of Age
Change of Beneficiary
For which of the following does the Earthquake and Volcanic Eruption CO 10 40 Endorsement modify insurance? A Commercial Property Coverage Part and Standard Property Policy B Condominium Association Coverage Form C Building and Personal Prope
Commercial Property Coverage Part and Standard Property Policy
What commercial auto endorsement will extend liability coverage to a car owned by an employee while the vehicle is being used in the named insured's business? A Drive Other Car Coverage B Individual Named Insured C Lessor - Additional Insured and Loss Payee D Employees As Insureds
Employees As Insureds
Which commercial auto endorsement would cover an employee, such as a pizza delivery driver, while using his personal auto to deliver pizzas for his employer? A Individual Named Insured (CA 99 17) B Lessor - Additional Insured and Loss Payee (CA 20 01) C Employees As Insureds (CA 99 33) D Drive Other Car Coverage
Employees As Insureds (CA 99 33)
Which of the following statements is correct with regard to the FAIR Plan? A FAIR plan policies are effective for one year B The FAIR Plan is designed to provide a means to purchase basic property insurance at reduced rates C Losses are paid by the state D Property must be an uninsurable risk
FAIR plan policies are effective for one yea
Which of the following is covered by Personal Injury - New York HO 24 86? A Personal property loss B Injury I cause to someone else's physical person C Injury I suffer due to a libel D Injury I cause if I slander someone
Injury I cause if I slander someone
An agent is not considered to be holding a license for the purpose of controlled business as long as: A Not more than 15% of the total volume of premiums per year is derived from controlled business B Not more than 20% of the total volume of premiums per year is derived from controlled business C Not more than 30% of the total volume of premiums per year is derived from controlled business D Not more than 10% of the total volume of premiums per year is derived from controlled business
Not more than 10% of the total volume of premiums per year is derived from controlled business
The Superintendent may refuse to issue, suspend, or revoke a license if the applicant: A Received 10% of net commissions over the past 9 months from controlled business B Has been or will be receiving any benefit or advantage, regardless of whether it is in violation of insurance law C Is paying child support D Has credit card debt
Received 10% of net commissions over the past 9 months from controlled business
Who among the following is required to display his/her license? A Only a broker if he/she is the supervising person responsible for that place of business B Only an agent if he/she is the supervising person responsible for that place of business C The broker or agent who is the supervising person responsible for that place of business D All licensees who are employed in that place of business
The broker or agent who is the supervising person responsible for that place of business
Illegally employed minors are entitled to double compensation benefits that must be paid by the employer, not the Workers' Compensation insurer. A $50,000/$100,000 B $25,000/$50,000 C $10,000/$25,000 D $100,000/$300,00
$25,000/$50,000
The Superintendent may suspend or revoke a license if the licensee violated the controlled business standard by earning more than _____ of her net aggregate commissions during the preceding 12 months by placing policies on people in whom she has an insurable interest. A 25% B 10% C 50% D 5%
10%
Insurers must acknowledge the receipt of a notice of a claim within: A 5 business days of the date of receipt B 15 calendar days of the date of receipt C 5 calendar days of the date of receipt D 15 business days of the date of receipt
15 business days of the date of receipt
Pursuant to the Scheduled Personal Property HO 04 61Endorsement, upon acquiring new property, the insured must report it to the insurer within: A 30 days B 10 days C 90 days D 60 days
30 days
If a renewal application is filed before July 1st of the year of expiration, the expiring license will continue in full force until the renewal license is issued, or: A 10 days after the Superintendent refuses to issue the renewal license and has given notice of the refusal to the applicant B Upon the date the Superintendent refuses to issue the renewal license and has given notice of the refusal to the applicant C 15 days after the Superintendent refuses to issue the renewal license and has given notice of the refusal to the applicant D 5 days after the Superintendent refuses to issue the renewal license and has given notice of the refusal to the applicant
5 days after the Superintendent refuses to issue the renewal license and has given notice of the refusal to the applicant
If an insurer chooses to nonrenew a homeowners policy, how many days advance written notice must it provide? A 15 B 20 C 45 D 90
90
Which of the following is true regarding excess lines? A An excess lines broker is authorized to issue a policy of excess lines insurance in the state B Every excess lines broker must file an authority to bind coverage with the Insolvency Fund Association C A licensee must notify the insured that the insurance was placed with an unauthorized insurer that is not subject to supervision by the state D A licensee must pay premium taxes by March 31 each year
A licensee must notify the insured that the insurance was placed with an unauthorized insurer that is not subject to supervision by the state
The purpose of excess lines insurance is to: A Allow unauthorized insurers to issue umbrella policies in the state B Allow unauthorized insurers to issue policies in the state covering risks of a more unusual nature C Allow unlicensed brokers to place insurance in the state covering risks of a more unusual nature D Allow authorized insurers to issue policies in the state covering risks of a more unusual nature
Allow unauthorized insurers to issue policies in the state covering risks of a more unusual nature
In New York, which endorsement amends the Personal Auto Policy so coverage on a newly acquired vehicle, which replaces an existing vehicle, begins on the day the insured becomes the owner? A Miscellaneous Type Vehicle - New York (PP 03 29) B Joint Ownership Coverage - New York (PP 03 78) C Named Non-Owner Coverage - New York (PP 03 30) D Amendment of Policy Provisions - New York (PP 01 79
Amendment of Policy Provisions - New York (PP 01 79
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 90 days D An agent must inform the Superintendent of any change in address within 30 days
An agent must inform the Superintendent of any change in address within 30 days
The Workers' Compensation for Certain Residence Employees - New York HO 24 93 Endorsement covers damages: A To commercial property of the insured B Because of bodily injury sustained by a covered residence employee C To personal property of a residence employee D To personal property of the insured
Because of bodily injury sustained by a covered residence employee
Before a carrier from another state can transact insurance business in New York, which of the following must be issued? A Certificate of Authority B Temporary license C Domiciled certificate D Broker's license
Certificate of Authority
Which of the following is false with regard to coverage for newborn children? A Coverage for a newborn includes coverage of injury or sickness B Coverage for a newborn includes coverage of injury or sickness including the necessary care and treatment of medically diagnosed congenital defects and birth abnormalities C A newborn child is covered from the date of birth if notification and any premium are submitted within 30 days after birth D Coverage for a newborn child begins 30 days after birth
Coverage for a newborn child begins 30 days after birth
'Employers' do not include: A Incorporated associations consisting of employers B Unincorporated associations consisting of employers C Employees with related activity in a given industry D A combination of employers and an association or associations of employers
Employees with related activity in a given industry
Which of the following statements is false regarding assumed names? A Every licensee must notify the Superintendent about a change to his/her legal name B A licensee may not use any name, other than his/her legal name, that has not been previously approved by the Superintendent C Every licensee must notify the Superintendent about a change to his/her assumed name D Every licensee's legal name must be previously approved by the Superintendent
Every licensee's legal name must be previously approved by the Superintendent
Disability benefits are subject to a waiting period of: A First 60 days of disability B First 30 days of disability C First 7 days of disability D First 14 days of disability
First 7 days of disability
Which of the following is true with respect to the Towing and Labor Costs PP 03 03 Endorsement? A If a non-owned auto is disabled, the insurer will provide the broadest towing and labor costs coverage applicable B The insurer will pay for labor performed at the place of disablement and subsequent labor at a repair shop C The insurer will pay towing and labor costs for one incident per year D The insurer will pay towing and labor costs incurred each time the insured's covered auto or any non-owned auto is disabled on an unlimited basis
If a non-owned auto is disabled, the insurer will provide the broadest towing and labor costs coverage applicable
Which of the following statements is NOT correct concerning the basis of compensation for weekly wages? A If an injured employee has worked for the same employer for an entire year before the injury, his/her average annual earnings will be 300 times the average daily wage or salary for a 6-day worker B If an employee was under the age of 25 when injured and that under normal conditions his/her wages would be expected to increase, that fact may be considered in determining his/her average weekly wages C If the injured employee is concurrently has more than one job at the time of injury, his/her average weekly wages will be calculated upon the basis of wages earned from the job he/she has had for the longer period of time D The average weekly wages of a licensed jockey, apprentice jockey or exercise person employed according to racing, pari-mutuel wagering and breeding laws will be based upon all of the earnings of such persons within or outside of the state
If the injured employee is concurrently has more than one job at the time of injury, his/her average weekly wages will be calculated upon the basis of wages earned from the job he/she has had for the longer period of time
Which of the following statements is NOT correct concerning the basis of compensation for weekly wages? A If the injured employee is concurrently has more than one job at the time of injury, his/her average weekly wages will be calculated upon the basis of wages earned from the job he/she has had for the longer period of time B If an employee was under the age of 25 when injured and that under normal conditions his/her wages would be expected to increase, that fact may be considered in determining his/her average weekly wages C The average weekly wages of a licensed jockey, apprentice jockey or exercise person employed according to racing, pari-mutuel wagering and breeding laws will be based upon all of the earnings of such persons within or outside of the state D If an injured employee has worked for the same employer for an entire year before the injury, his/her average annual earnings will be 300 times the average daily wage or salary for a 6-day worker
If the injured employee is concurrently has more than one job at the time of injury, his/her average weekly wages will be calculated upon the basis of wages earned from the job he/she has had for the longer period of time
Which of the following is false concerning mandatory inspections? A The insurer may waive inspections in certain instances B Inspections must be conducted by the insurer for a nominal charge to the insured C Inspections must be conducted by the insurer at no charge to the insured D Insurers may provide coverage immediately and delay or defer an inspection for 5 days in the case of new business
Inspections must be conducted by the insurer for a nominal charge to the insured
Which of the following is NOT a reason for which the Superintendent may revoke, suspend, or refuse to renew a license? A Been convicted of a felony B Obtained a license by misrepresentation C Failed to pay state income taxes D Issued insufficient coverage to a customer through apparent authority
Issued insufficient coverage to a customer through apparent authority
Which of the following statements is NOT correct with respect to the underwriting process for group health insurance? A New employees are usually eligible to enroll after a waiting period. If they do not enroll upon becoming eligible, and enroll later, proof of insurability may not be required by the insurer B The insurer can require a minimum percentage of the group to enroll in the plan to guard against adverse selection C Most health insurance is issued on a group basis D Group insurance can be either Community or Experience rated
New employees are usually eligible to enroll after a waiting period. If they do not enroll upon becoming eligible, and enroll later, proof of insurability may not be required by the insurer
Which of the following statements is true with respect to Uninsured Motorist Coverage? A Physical damage is excluded under uninsured motorist coverage B At a minimum, coverage must be provided for $25,000 per person, and $50,000 per accident, for death C Every motor vehicle policy must offer optional uninsured motorist coverage D Bodily injury caused by a stolen vehicle is excluded under uninsured motorist coverage
Physical damage is excluded under uninsured motorist coverage
If two individuals are licensed in the same line with two different companies join together to sell a policy, the commission can be: A Shared between the two agents B Withheld by the insuring company since this is an illegal practice C Paid only to the agent who initiated the sale D Shared between the two agents and the insured
Shared between the two agents
Which of the following statements is false regarding the New York Automobile Insurance Plan? A All insurers licensed to write motor vehicle insurance in the state mandatorily participate on an apportionment basis B The New York Automobile Insurance Plan provides automobile liability insurance for individuals who have been unable to obtain auto insurance through normal markets C The Automobile Insurance Plan provides automobile liability insurance when an insurer becomes insolvent D Policies are issued with limits necessary to meet the financial responsibility requirements of the state
The Automobile Insurance Plan provides automobile liability insurance when an insurer becomes insolvent
Which of the following statements is false with regard to the Named Non-Owner Coverage - New York PP 03 30 Endorsement? A The definition of 'you' and 'your' is amended to refer only to the individual named in the Declarations B The insured's spouse is not automatically included in this endorsement C The reference to 'family member' is deleted from the definition of Insured if Named Non-Owner Coverage applies only to the named individual D The definition of 'your covered auto' is amended to mean a 'miscellaneous type vehicle'
The definition of 'your covered auto' is amended to mean a 'miscellaneous type vehicle'
Which of the following statements about the Flood Coverage Endorsement is NOT true? A The endorsement does not provide coverage for flood losses occurring within 72 hours of its effective date B The endorsement covers losses resulting from mudslide or mudflow C The endorsement covers all losses caused by earthquake D The endorsement does not duplicate coverage provided by an NFIP flood insurance policy
The endorsement covers all losses caused by earthquake
Which of the following statements is NOT correct regarding the Special Provisions (DP 01 31) Endorsement? A The rules regarding Cancellation and Nonrenewal apply as stated under the Cancellation and Nonrenewal heading B The insured may sue the insurer regardless of whether the policy provisions have been complied with C In the event of a loss to three- and four-family dwellings, the insurer will pay certain tax liens before paying for any loss caused by fire D Loss in value to a covered building caused by the requirements of an ordinance or law, or costs associated with pollution control required by an ordinance or law to a covered building, are excluded
The insured may sue the insurer regardless of whether the policy provisions have been complied with
Which of the following is NOT correct concerning the Special Provisions - New York (HO 01 31) Endorsement? A The policy provides $1,000 in coverage for Credit Card, Electronic Fund Transfer Card, Forgery, and Counterfeit Money B A written estimate of damages to real property per Section I must be provided within 30 days after the insured's request, or its preparation, whichever is later C The vandalism and malicious mischief peril does not include loss to property if the dwelling or structure has been vacant for more than 30 consecutive days immediately before a loss D The intentional loss exclusion applies to all insureds
The intentional loss exclusion applies to all insureds
Which of the following is true regarding the expiration and renewal of an excess lines broker's license? A The license expires on October 31 and is renewed for 24 months B The license is perpetual unless revoked or suspended by the Superintendent C The license expires on March 31 and is renewed for 24 months D The license expires on October 31 and is renewed annually
The license expires on October 31 and is renewed for 24 months
Which of the following statements about the personal umbrella policy is correct? A Payment under the Additional Coverages reduces the limit of liability B The policy covers personal injury liability as well as bodily injury liability C The insurer must defend all lawsuits against the insured D The insurer must provide all surety bonds required during the course of the defense
The policy covers personal injury liability as well as bodily injury liability
ch of the following is NOT correct with respect to definition of a producer? A The term, producer includes an officer or director of a licensed fraternal benefit society who receives commissions on policies written B The term, producer includes an agent of a title insurance company C The term, producer includes any person required to be licensed to sell, solicit or negotiate insurance D The term, producer includes an excess lines broker
The term, producer includes an agent of a title insurance company
Which of the following is false concerning provisions in health insurance policies? A The time limit on certain defenses is 3 years B Policies may be reinstated with or without a new application C Notice of claim must be provided within 20 days D The grace period must be for at least 31 days for a policy whereby the premium is paid monthly
The time limit on certain defenses is 3 years
Before revoking a resident insurance producer's license, how many days' notice must the Superintendent provide to the licensee before holding a hearing? A 20 days B 10 days C 30 days D 15 days
10 days
Resident and nonresident licensees must complete: A 25 credit hours of approved instruction during each full biennial licensing period B 15 credit hours of approved instruction during each full biennial licensing period C 15 credit hours of approved instruction annually D 30 credit hours of approved instruction during each full biennial licensing period
15 credit hours of approved instruction during each full biennial licensing period
Under the Equipment Breakdown Protection Coverage Form EB 00 20 Endorsement and benefits for Business Income and Extra Expense, unless a higher limit is shown in the Declarations, the insurer will pay the lesser of the actual loss of Business Income and/or Extra Expense, or: A $15,000 B $75,000 C $50,000 D $25,000
25,000
Disability benefits are paid at: A 50 2/3% of the employee's average weekly wages B 66 2/3% of the employee's average weekly wages C 50% of the employee's average weekly wages D 75% of the employee's average weekly wages
66 2/3% of the employee's average weekly wages
Which of the following cannot be used to show proof of financial responsibility? A A certificate of self-insurance B A certificate of insurance C A bank account with an adequate balance D A bond
A bank account with an adequate balance
When is the association required to submit rates, rating plans and rating rules recommended by the principal rate service organization? A At least 30 days prior to the applicable effective date B At least 60 days prior to the applicable effective date C At least 60 days after the applicable effective date D At least 30 days after the applicable effective date
At least 60 days prior to the applicable effective date
Which of the following defines "basic economic loss" under the Comprehensive Motor Vehicle Insurance Reparations Act, otherwise known as PIP coverage? A A medical and loss of earnings benefit up to $50,000 B A pain and suffering benefit up to $10,000 C A medical benefit up to $5,000 D A bodily injury and death benefit up to $75,000
A medical and loss of earnings benefit up to $50,000
Which of the following defines "basic economic loss" under the Comprehensive Motor Vehicle Insurance Reparations Act, otherwise known as PIP coverage? A A pain and suffering benefit up to $10,000 B A medical benefit up to $5,000 C A medical and loss of earnings benefit up to $50,000 D A bodily injury and death benefit up to $75,000
A medical and loss of earnings benefit up to $50,000
Which of the following statements is correct regarding the prelicensing education requirements for an individual license applicant? A A minimum of 40 hours is required for property and casualty lines B A minimum of 90 hours is required for life, accident and health C A minimum of 40 hours is required for all lines of insurance D A minimum of 90 hours is required for property and casualty lines
A minimum of 90 hours is required for property and casualty lines
Which of the following is correct with respect to replacement of Medicare supplement insurance? A A replacement of a new Medicare supplement policy for an existing policy is prohibited B A replacement of a new Medicare supplement policy for an existing policy is not prohibited if the applicant provides in writing that the new policy is intended to replace the existing policy when the new policy becomes effective C A replacement of a new Medicare supplement policy for an existing policy is not prohibited if the agent determines that it is in the applicant's best interest D A replacement of a new Medicare supplement policy for an existing policy is not prohibited if the premium for the new policy is lower than the premium on the existing policy
A replacement of a new Medicare supplement policy for an existing policy is not prohibited if the applicant provides in writing that the new policy is intended to replace the existing policy when the new policy becomes effective
Which of the following is NOT correct concerning the minimum standards for claims-made liability insurance? A A claim is deemed first made when the insurer receives written notice of a claim or suit from the insured or a third party B Upon termination of coverage, a 60-day automatic extended reporting period, or 90 days in the case of Public Entity Liability insurance policies, must be provided by the insurer C A retroactive date may be changed during the term of the claims-made relationship and any extended reporting period D Upon termination of coverage, an extended reporting period coverage must be available for any claims-made liability coverage provided under the policy
A retroactive date may be changed during the term of the claims-made relationship and any extended reporting period
Which of the following is correct regarding a temporary license? A A temporary license may be issued to the surviving spouse of a disabled or deceased producer B The duration of a temporary license may not exceed 80 days C A temporary license may not be renewed D A temporary license may be issued for up to 180 days after successfully completing the licensing examination
A temporary license may be issued to the surviving spouse of a disabled or deceased producer
With respect to a producer's fiduciary capacity, which of the following is true? A An agent must maintain separate bank accounts if he/she does not immediately remit funds to insurers B An agent may, without permission, commingle the insurer's funds with his/her personal funds C An agent may never withdraw funds from the premium fund account D Agents are not subject to fiduciary requirements
An agent must maintain separate bank accounts if he/she does not immediately remit funds to insurers
Which of the following correctly describes the difference between a broker and an agent? A An agent represents an insurer, whereas a broker is a representative of the agent B A broker represents an insurer, whereas an agent acts on behalf of an insured C An agent represents an insurer, whereas a broker acts on behalf of an HMO D An agent represents an insurer, whereas a broker acts on behalf of an insured
An agent represents an insurer, whereas a broker acts on behalf of an insured
By consumer privacy regulation, a licensee must provide a clear and conspicuous notice to customers that accurately reflects its privacy policies and practices at least: A Every 12 months after a policy is in force B Every 24 months after a policy is in force C At the time of application and annually thereafter D Once at the time of application
At the time of application and annually thereafter
When are payment made from the Second Injury Fund? A After an employer has provided benefits for 260 weeks B After an employer has provided benefits for 365 weeks C After an employer has provided benefits for 260 days D After an employer has provided benefits for 365 days
After an employer has provided benefits for 260 weeks
Which of the following statements is false with respect to the Flood Coverage CP 10 65 Endorsement? A This endorsement applies to the Covered Property and Coverages for which a Flood Limit of Insurance is shown in the Flood Coverage Schedule or in the Declarations B This endorsement adds 'flood' the Covered Causes Of Loss C This endorsement replaces the terms 'Coverage Part' and 'Coverage Form' with the term 'Policy' D All flooding in a continuous or protracted event constitutes separate floods
All flooding in a continuous or protracted event constitutes separate floods
With respect to a producer's fiduciary capacity, which of the following is true? A An agent may never withdraw funds from the premium fund account B An agent must maintain separate bank accounts if he/she does not immediately remit funds to insurers C An agent may, without permission, commingle the insurer's funds with his/her personal funds D Agents are not subject to fiduciary requirements
An agent must maintain separate bank accounts if he/she does not immediately remit funds to insurers
Which of the following correctly describes a Hyper Limits Excess Liability Policy? A An excess liability policy of commercial risk, public entity or professional liability insurance when written over an underlying policy or policies of at least $10 million B A policy of commercial property insurance when written over an underlying policy or policies of at least $500,000 C A business entity that generates gross revenues exceeding $100 million annually, that develops an annual liability policy premium of at least $500,000 D A policy of commercial risk, public entity or professional liability insurance when written over an underlying policy or policies of at least $500,000
An excess liability policy of commercial risk, public entity or professional liability insurance when written over an underlying policy or policies of at least $10 million
Which of the following statements is NOT correct with regard to the Drive Other Car Coverage - Broadened Coverage for Named Individuals CA 99 10 Endorsement? A An individual's spouse is excluded when an auto is used by the individual named in the Schedule B This endorsement changes liability coverage C This endorsement changes the policy effective on the inception date of the policy unless another date is indicated D This endorsement changes only those coverages where a premium is shown in the Schedule
An individual's spouse is excluded when an auto is used by the individual named in the Schedule
Hearings are held: A At least 10 days after the date of service of the notice of hearing B At least 5 days after the date of service of the notice of hearing C At least 120 days after the date of service of the notice of hearing D At least 30 days after the date of service of the notice of hearing
At least 10 days after the date of service of the notice of hearing
A group self-insurer's termination of a member is not effective until: A At least 30 days after the termination notice has either been filed with the Board or sent by certified or registered letter and served in a similar manner upon the employer B At least 10 days after the termination notice has either been filed with the Board or sent by certified or registered letter and served in a similar manner upon the employer C At least 10 days after the termination notice has either been filed with the Board or sent by certified or registered letter and served in a similar manner upon the employer D At least 30 days after the member notifies the Board of its intention to terminate
At least 10 days after the termination notice has either been filed with the Board or sent by certified or registered letter and served in a similar manner upon the employer (IK the correct answer appears twice i tried reaching out to AD banker.. nothing)
The Workers' Compensation for Certain Residence Employees - New York HO 24 93 Endorsement covers damages: A To personal property of the insured B To personal property of a residence employee C Because of bodily injury sustained by a covered residence employee D To commercial property of the insured
Because of bodily injury sustained by a covered residence employee
Plans of mutual self-insurance for municipal groups are adopted by: A The Department of Insurance B County boards of supervisors C The New York Compensation Insurance Rating Board D The Department of Labor
County boards of supervisors
Which of the following statements is correct concerning the Ordinance or Law CP 04 05 Endorsement? A Coverage A covers increased costs of construction B Coverage C covers loss to the undamaged portion of the building C Coverage B covers demolition costs D This Endorsement covers costs due to contamination by pollutants
Coverage B covers demolition costs
Which of the following statements is true with respect to the Commercial Umbrella Liability CU 00 01 Endorsement? A Coverage applies after to the coverage period if the occurrence takes place within the coverage territory B Coverage applies only during the coverage period and only if the occurrence takes place within the coverage territory C Coverage applies prior to the coverage period if the occurrence takes place within the coverage territory D Coverage applies during the coverage period if the occurrence takes place within or out of the coverage territory
Coverage applies only during the coverage period and only if the occurrence takes place within the coverage territory
Which of the following statements is true with respect to the Commercial Umbrella Liability CU 00 01 Endorsement? A Coverage applies only during the coverage period and only if the occurrence takes place within the coverage territory B Coverage applies after to the coverage period if the occurrence takes place within the coverage territory C Coverage applies during the coverage period if the occurrence takes place within or out of the coverage territory D Coverage applies prior to the coverage period if the occurrence takes place within the coverage territory
Coverage applies only during the coverage period and only if the occurrence takes place within the coverage territory
Which of the following is true with regard to the Home Business Endorsement HO 07 01? A The definition of 'employee' is changed to not include a 'leased worker' B Property of others that is in the insured's care is excluded C Leased personal property for which the insured has a contractual responsibility to insure is excluded D Coverage is provided on an aggregate limit basis
Coverage is provided on an aggregate limit basis
The Superintendent has the ability and duty to take all of the following actions, except: A Create and update the insurance code (laws) B Refer suspected criminal violations to the attorney general C Investigate complaints and audit insurers D Create regulations to administer the law
Create and update the insurance code (laws)
Which of the following statements is false concerning the Personal Umbrella Liability DL 98 01 Endorsement? A This Endorsement pays when the insured becomes legally liable for bodily injury B Damages include prejudgment interest awarded against an insured C Damages do not include prejudgment interest awarded against an insured D This Endorsement pays when the insured becomes legally liable for property damage
Damages do not include prejudgment interest awarded against an insured
How often do individual producer licenses expire? A Every 2 years on the licensee's birthday B Every 2 years on December 31st C Every 5 years on the licensee's birthday D Every 2 years on June 30th
Every 2 years on the licensee's birthday
Which of the following is NOT correct concerning continuing education requirements? A Any person who fails to meet continuing education requirements will not be eligible to renew his/her license B Excess credit hours accumulated during any biennial licensing period may be carried forward to the next biennial licensing period for the same class of insurance C Nonresident licensees may be exempt from continuing education requirements if home state certifies that he/she is in good standing and is in compliance with the requirements of that state, including continuing education requirements D A person is required to make up credit hours from the prior licensing period may not apply those same credit hours toward the continuing education requirements for the current licensing period
Excess credit hours accumulated during any biennial licensing period may be carried forward to the next biennial licensing period for the same class of insurance
Which of the following is NOT correct concerning continuing education requirements? A Any person who fails to meet continuing education requirements will not be eligible to renew his/her license B Nonresident licensees may be exempt from continuing education requirements if home state certifies that he/she is in good standing and is in compliance with the requirements of that state, including continuing education requirements C Excess credit hours accumulated during any biennial licensing period may be carried forward to the next biennial licensing period for the same class of insurance D A person is required to make up credit hours from the prior licensing period may not apply those same credit hours toward the continuing education requirements for the current licensing period
Excess credit hours accumulated during any biennial licensing period may be carried forward to the next biennial licensing period for the same class of insurance
Which of the following statements is correct with regard to the FAIR Plan? A Losses are paid by the state B FAIR plan policies are effective for one year C Property must be an uninsurable risk D The FAIR Plan is designed to provide a means to purchase basic property insurance at reduced rates
FAIR plan policies are effective for one year
Which of the following is true with regard to qualifications for group self-insurers? A The group must include at least one employer that perform related activities in a given industry and that has been in business for a specified period of time B For other than municipal corporations, the group's members must have and maintain an aggregate net worth of at least $1,000,000 C A group's combined annual payroll may include amounts paid to workers outside of New York State who are covered by the self-insured group D For municipal corporations, the group's combined annual payroll must be at least $500,000
For other than municipal corporations, the group's members must have and maintain an aggregate net worth of at least $1,000,000
Which of the following statements is true regarding death benefits under Workers' Compensation? A Funeral expenses are not payable in cases where there are no persons entitled to other compensation under Workers' Compensation B A surviving spouse does not receive benefits if he/she remarries C A surviving spouse will receive 75% of the deceased's average wages during time as widow or widower D Funeral expenses are paid in accordance with schedule amounts submitted by the New York State Funeral Directors Association
Funeral expenses are paid in accordance with schedule amounts submitted by the New York State Funeral Directors Association
Which of the following statements is NOT correct concerning group self-insurers? A Group self-insurers must obtain a blanket fidelity bond B Group self-insurers must confirm that excess insurance has been obtained to reduce the group's exposure for Workers' Compensation claims and for employers' liability C Group self-insurers must file evidence of capitalization in an amount approved by the Board D Group self-insurers whose assets exceed liabilities are deemed to be underfunded
Group self-insurers whose assets exceed liabilities are deemed to be underfunded
A business entity may: A If a corporation, be licensed to sell insurance, but not a partnership B Not be licensed to sell insurance C Not be licensed to sell insurance, but the individual employees may be so licensed D If a corporation, association, partnership, limited liability company, limited liability partnership, or other legal entity, be licensed to sell insurance
If a corporation, association, partnership, limited liability company, limited liability partnership, or other legal entity, be licensed to sell insurance
Which of the following statements is NOT correct concerning the basis of compensation for weekly wages? A The average weekly wages of a licensed jockey, apprentice jockey or exercise person employed according to racing, pari-mutuel wagering and breeding laws will be based upon all of the earnings of such persons within or outside of the state B If an employee was under the age of 25 when injured and that under normal conditions his/her wages would be expected to increase, that fact may be considered in determining his/her average weekly wages C If the injured employee is concurrently has more than one job at the time of injury, his/her average weekly wages will be calculated upon the basis of wages earned from the job he/she has had for the longer period of time D If an injured employee has worked for the same employer for an entire year before the injury, his/her average annual earnings will be 300 times the average daily wage or salary for a 6-day worker
If the injured employee is concurrently has more than one job at the time of injury, his/her average weekly wages will be calculated upon the basis of wages earned from the job he/she has had for the longer period of time
With regard to the Amendment of Policy Provisions - New York (PP 01 79) Endorsement: A Collision coverage for a 'newly acquired auto' begins when the insured applies for coverage if certain conditions are met B Provisions applicable to uninsured motorist, supplementary uninsured/underinsured motorist coverage, mandatory inspection, choice of repair shop do not apply C If the policy is issued to a federal employee for government business, the U.S. or any of its agencies are not insureds under Part A D By definition, comprehensive coverage for a newly acquired auto must meet different criteria than collision coverage
If the policy is issued to a federal employee for government business, the U.S. or any of its agencies are not insureds under Part A
Which of the following is NOT a reason for which the Superintendent may revoke, suspend, or refuse to renew a license? A Issued insufficient coverage to a customer through apparent authority B Failed to pay state income taxes C Been convicted of a felony D Obtained a license by misrepresentation
Issued insufficient coverage to a customer through apparent authority
th regard to the choice of a repair shop, an insurer: A May require that vehicle repairs be made at a particular repair shop B May reduce coverage when vehicle repairs are not made at a particular repair shop C Must suggest a repair shop for any claim D May not require that vehicle repairs be made at a particular repair shop
May not require that vehicle repairs be made at a particular repair shop
Under PIP, first party benefits are defined as: A At-fault benefits paid in accordance with fault or negligence B No-fault benefits paid without regard to fault or negligence C Benefits paid before third party benefits D Benefits paid before secondary coverage
No-fault benefits paid without regard to fault or negligence
The Joint Ownership Coverage - New York PP 03 78 Endorsement does NOT amend the term 'your covered auto' to mean: A Any trailer B A newly acquired auto C Only the vehicle shown in the Schedule or in the Declarations D Any auto or trailer not owned while used as a temporary substitute for any other vehicle which is out of normal use
Only the vehicle shown in the Schedule or in the Declarations
Which of the following is true with respect to Preferred Provider Organizations (PPOs)? A Individuals generally have more choices among doctors and hospitals under an HMO than under a PPO arrangement B PPOs are an arrangement under which a selected group of independent hospitals and medical practitioners, in a certain area, agree to provide services to subscribers at a prearranged cost C Similar to an HMO, a PPO has separate physical facilities D Providers are paid a flat monthly amount
PPOs are an arrangement under which a selected group of independent hospitals and medical practitioners, in a certain area, agree to provide services to subscribers at a prearranged cost
Which of the following is true with respect to Preferred Provider Organizations (PPOs)? A Similar to an HMO, a PPO has separate physical facilities B Individuals generally have more choices among doctors and hospitals under an HMO than under a PPO arrangement C PPOs are an arrangement under which a selected group of independent hospitals and medical practitioners, in a certain area, agree to provide services to subscribers at a prearranged cost D Providers are paid a flat monthly amount
PPOs are an arrangement under which a selected group of independent hospitals and medical practitioners, in a certain area, agree to provide services to subscribers at a prearranged cost
If two individuals are licensed in the same line with two different companies join together to sell a policy, the commission can be: A Withheld by the insuring company since this is an illegal practice B Shared between the two agents C Paid only to the agent who initiated the sale D Shared between the two agents and the insured
Shared between the two agents
Which of the following statements is false with regard to the Motor Vehicle Accident Indemnification Corporation Act? A The Corporation has the power to impose and collect assessments against its members B The owner of an uninsured motor vehicle is not a qualified person C The Corporation is composed of members of the Department of Insurance D The corporation provides benefits for basic economic loss for accidents caused by the operation of uninsured or unidentified, unregistered and stolen motor vehicles in New York
The Corporation is composed of members of the Department of Insurance
Which of the following statements is false with regard to the Motor Vehicle Accident Indemnification Corporation Act? A The owner of an uninsured motor vehicle is not a qualified person B The corporation provides benefits for basic economic loss for accidents caused by the operation of uninsured or unidentified, unregistered and stolen motor vehicles in New York C The Corporation is composed of members of the Department of Insurance D The Corporation has the power to impose and collect assessments against its members
The Corporation is composed of members of the Department of Insurance
Which of the following statements is correct concerning the New York State Insurance Fund? A The State Insurance Fund was expanded to include a separate fund called the Disability Benefits Fund B The assets and liabilities are shared between the Workers' Compensation and Disability Benefits funds C Money from the State Insurance Fund may be transferred to other specific funds D Neither the Workers' Compensation fund nor the Disability Benefits fund may make payments on behalf of each other
The State Insurance Fund was expanded to include a separate fund called the Disability Benefits Fund
Which of the following statements is correct concerning the New York State Insurance Fund? A The assets and liabilities are shared between the Workers' Compensation and Disability Benefits funds B The State Insurance Fund was expanded to include a separate fund called the Disability Benefits Fund C Money from the State Insurance Fund may be transferred to other specific funds D Neither the Workers' Compensation fund nor the Disability Benefits fund may make payments on behalf of each other
The State Insurance Fund was expanded to include a separate fund called the Disability Benefits Fund
The Superintendent will waive any requirements for a nonresident license applicant otherwise applicable if: A The applicant had, within the prior 6-month period, a valid license, and is in good standing, in his/her home state B The applicant has a current and valid license, and is in good standing, in his/her home state C The applicant has successfully passed the applicable prelicensing exam in his/her home state D The applicant has over 10 years of experience as a licensed agent in his/her home state
The applicant has a current and valid license, and is in good standing, in his/her home state
All of the following statements regarding Commercial Umbrella Liability CU 00 01 are correct, except: A Reasonable expenses incurred by the insured at the insurer's request are covered B Coverage only applies in the coverage territory C The insurer excludes interest awarded on judgments D The insurer has a duty to defend the insured when the underlying insurance does not provide coverage
The insurer excludes interest awarded on judgments
Which of the following statements regarding uninsured and underinsured motorist coverage is correct? A Underinsured motorist is mandatory on all automobile insurance policies in New York in addition to uninsured motorist coverage B The maximum amount of supplementary uninsured/underinsured motorist coverage is $250,000/$500,000 C Uninsured motorist coverage pays up to $10,000 in property damage if the at-fault party in an accident is uninsured D Uninsured motorist coverage must be greater than the Part A liability coverage limit stated in the insured's policy
The maximum amount of supplementary uninsured/underinsured motorist coverage is $250,000/$500,000
Which of the following statements BEST describes the manner in which a licensee must provide a clear and conspicuous notice to its customers that accurately reflects its privacy policies and practices? A The notice must be provided every 12 months after is policy is issued B The notice must be provided once, at the time the insurance application is taken C The notice must be provided every 24 months after a policy is issued D The notice must be provided a the time the insurance application is taken, and annually thereafter
The notice must be provided a the time the insurance application is taken, and annually thereafter
Who among the following would NOT be covered for benefits under PIP? A Any New York resident for loss arising out of the use or operation of the insured vehicle in another state B Any occupants of a vehicle for which loss is sustained arising out of the use in New York of the insured vehicle C The occupants of another vehicle for loss arising out of the use in New York of an insured vehicle D The estate of any covered person occupying his/her vehicle, for basic economic loss
The occupants of another vehicle for loss arising out of the use in New York of an insured vehicle
Which of the following is false concerning provisions in health insurance policies? A The grace period must be for at least 31 days for a policy whereby the premium is paid monthly B The time limit on certain defenses is 3 years C Policies may be reinstated with or without a new application D Notice of claim must be provided within 20 days
The time limit on certain defenses is 3 years
Which of the following is false regarding the Mobile Equipment CA 20 15 Endorsement? A Liability Coverage does not apply to bodily injury, property damage B Each of the coverages apply only to the vehicles shown as covered autos C This endorsement provides only those coverages where a premium is shown in the Schedule D The vehicles described in the Schedule are considered mobile equipment
The vehicles described in the Schedule are considered mobile equipment
Which of the following is false regarding the Mobile Equipment CA 20 15 Endorsement? A Liability Coverage does not apply to bodily injury, property damage B The vehicles described in the Schedule are considered mobile equipment C Each of the coverages apply only to the vehicles shown as covered autos D This endorsement provides only those coverages where a premium is shown in the Schedule
The vehicles described in the Schedule are considered mobile equipment
Which of the following is false regarding the Mobile Equipment CA 20 15 Endorsement? A This endorsement provides only those coverages where a premium is shown in the Schedule B The vehicles described in the Schedule are considered mobile equipment C Each of the coverages apply only to the vehicles shown as covered autos D Liability Coverage does not apply to bodily injury, property damage
The vehicles described in the Schedule are considered mobile equipment
Which of the following statements is correct regarding the Hired Auto and Non-Owned Auto Liability BP 04 36 Endorsement? A This Endorsement provides liability coverage for bodily injury and property damage resulting from the maintenance or use of a hired auto by the insured or the insured's employees in the course of the insured's business B This Endorsement provides liability coverage for bodily injury only resulting from the maintenance or use of a hired auto by the insured or the insured's employees in the course of the insured's business C This Endorsement provides liability coverage for property damage only resulting from the maintenance or use of a hired auto by the insured or the insured's employees in the course of the insured's business D This Endorsement provides collision coverage resulting from the maintenance or use of a hired auto by the insured or the insured's employees in the course of the insured's business
This Endorsement provides liability coverage for bodily injury and property damage resulting from the maintenance or use of a hired auto by the insured or the insured's employees in the course of the insured's business