NYPCL New york Property and Causality license exam - Set 5 - Part 1

Test your knowledge of technical writing concepts with these practice questions. Each question includes detailed explanations to help you understand the correct answers.

Question 1: A Rochester factory worker hurt on the assembly line receives statutory benefits and, in exchange, gives up the right to sue the employer for the injury. This bargain is called what?

Subrogation

Contributory negligence

Assumption of risk

The exclusive remedy

Question 2: New York requires virtually all employers to provide workers' compensation, and an employer who illegally fails to secure coverage faces serious consequences. Which statement describes New York's mandate?

Coverage is purely optional

Coverage is compulsory for nearly all employers

Only large factories must carry it

Only public agencies must carry it

Question 3: A Long Island contractor's employee is hurt by a defective machine and sues the maker. The manufacturer then tries to bring the employer into the case. When is that generally allowed?

Whenever any injury occurs

Never, under any circumstances

Only for a grave injury or indemnity

Only if the worker was at fault

Question 4: A household worker is employed by a Westchester family for more than forty hours each week. Under New York's workers' compensation rules, what does this trigger for the family?

A requirement to carry coverage

A permanent exemption from coverage

A federal maritime claim

An automatic experience credit

Question 5: A coal-region miner develops a lung disease from years of dust exposure rather than from one sudden event. New York treats the date the disease disables the worker as what?

The first day of employment

The date the claim is paid

The happening of an accident

A non-compensable event

Question 6: An injured Buffalo warehouse worker is totally unable to work for a short stretch while recovering and then expects to return. Which cash benefit category fits this situation?

Permanent total disability

Temporary total disability

Permanent partial disability

A scheduled death benefit

Question 7: Under New York workers' compensation, the medical care needed to treat a covered on-the-job injury is provided with which feature for the injured worker?

No dollar cap, time cap, or deductible

A small annual deductible

A strict lifetime dollar cap

Coverage only for emergency visits

Question 8: Two Albany contractors share the same job classification, yet one has far fewer claims. New York lowers the safer contractor's premium below the manual level using which adjustment?

A premium discount

The experience modification factor

A policy dividend

A surplus lines fee

Question 9: A financially strong Queens manufacturer applies to pay its own workers' compensation claims directly, posting security with the Board instead of buying a policy. This arrangement is known as what?

Reinsurance

A competitive state fund

Self-insurance

An assigned risk plan

Question 10: A New York employee breaks an ankle while skiing on a weekend, an injury entirely unrelated to work, and cannot work for several weeks. Which New York program may pay cash benefits?

Workers' compensation

The disability benefits law

The federal Longshore Act

The Special Disability Fund

Question 11: One part of the workers' compensation policy form sets out definitions and conditions that apply to the entire policy and identifies who the insured is. Which section is that?

Part One

Part Two

The General Section

Part Five

Question 12: Within the workers' compensation policy, employers liability coverage carries separate limits for several exposures. Which of the following is one of those Part Two limits?

Bodily injury by accident, each accident

A limit per year for all accidents

A medical payments aggregate

A property damage each-occurrence limit

Question 13: A New York employer wants to extend benefits to a household worker who is exempt from the compensation law, paying as if the worker were covered. Which endorsement accomplishes this?

The Other States endorsement

The Voluntary Compensation endorsement

A foreign coverage endorsement

The premium audit endorsement

Question 14: A homeowner faces a liability judgment that exceeds the limits of both her auto and homeowners policies. Which policy is designed to respond above those underlying limits?

A surety bond

A flood policy

A personal umbrella policy

An inland marine floater

Question 15: A personal umbrella insured warrants that she will keep her required underlying homeowners liability in force. She lets it lapse, then has a covered loss. What does the umbrella do?

Pays the entire loss in full

Pays nothing toward the loss

Cancels automatically without notice

Pays only as if underlying were maintained

Question 16: On a personal umbrella, an insured pays a self-insured retention only in which situation involving a loss?

Whenever the umbrella adds limits

When the umbrella drops down

On every claim without exception

Only when the underlying limit is high

Question 17: A New York insurance agent fails to place a coverage a client specifically requested, and the client suffers an uninsured loss. Which policy protects the agent against this professional liability?

Errors and omissions insurance

Directors and officers liability

A fidelity bond

Commercial general liability

Question 18: Shareholders sue a corporation's executives as individuals, alleging mismanagement and breach of duty in running the company. Which policy is designed to respond to these claims?

Employment practices liability

Liquor liability

A performance bond

Directors and officers liability

Question 19: A policy protecting trustees and administrators who manage an employer's pension and employee-benefit plans against liability for violating federal benefit-plan duties is best described as what?

Fiduciary liability insurance

A fiduciary surety bond

Errors and omissions insurance

Workers' compensation

Question 20: A Manhattan tavern is sued after serving a patron who later, while intoxicated, injures someone in a crash. Which coverage responds to the tavern's liability for contributing to the intoxication?

Commercial general liability

Liquor liability insurance

A surety bond

Inland marine coverage

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