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New York Adjuster Exam 2025 Questions and Answers
New York Adjuster Exam 2025 Questions and Answers
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NY Insurance Adjuster
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NY Insurance Adjuster
New York Adjuster Exam 2025 Questions and Answers
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| Uploaded on: | September 13, 2025 |
| Last updated: | September 13, 2025 |
| Number of pages: | 14 |
| Written in: | 2025/2026 |
| Type: | Exam (elaborations) |
| Contains: | Questions & Answers |
| Tags: | New York Adjuster Exam 2025 Questions and Answers |
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New York Adjuster Exam 2025 Questions and Answers Insurance - --Answer --A method of handling pure risk, by spreading it over a large number of similar individuals. Law of Large Numbers - --Answer --Insurers can calculate their probable losses and establish premium rates that are accurate enough to cover claims, pay operating expenses, and make a profit. Principle of Indemnity - --Answer --An insured who suffered a loss, should only be restored to the approximate financial condition that existed prior to the loss, no better and no worse. Insurance Interest - --Answer --A person must have a lawful, substantial, and economic interest in the life, health, property, or object being covered under the insurance contract. Risk - --Answer --The possibility that a loss might occur and is the reason that people buy insurance. ....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 1
