The principle of insurance that provides that when a loss occurs, the insured should be restored to the approximate financial condition he or she occupied before the loss occurred, no better or no worse.
A. 
Insurable Interest
B. 
Insurance
C. 
Indemnity
D. 
Implied Warranties
2.
A mutual insurance company is owned by who?
A. 
Stockholders
B. 
Reciprocals
C. 
Executive Board
D. 
Insureds
3.
You own the home, but you rent it to others. What type of policy do you need?
A. 
Dwelling Fire
B. 
Homeowners
C. 
Renters
D. 
Personal Umbrella
4.
What do you call a condition or situation that presents a possibility of loss?
A. 
Pure Risk
B. 
Speculative Risk
C. 
Loss
D. 
Exposure
5.
What year did NYCM open the Amsterdam branch office?
A. 
1979
B. 
1989
C. 
1999
D. 
2009
6.
What year was A. Central Insurance Company launched?
A. 
1999
B. 
2000
C. 
2001
D. 
2002
7.
Which insurance company uses this slogan? "Without it, no insurance is complete."
A. 
Amica
B. 
Geico
C. 
Progressive
D. 
AFLAC
8.
Which insurance company uses this slogan? "You're in good hands"
A. 
Geico
B. 
Allstate
C. 
Amica
D. 
Progressive
9.
Which of the following is NOT a NYCM Homeowner discount?
A. 
Gated Community Discount
B. 
Retirement Discount
C. 
Early Signing Discount
D. 
Renovation Discount
10.
Which year did NYCM Insurance acquire the independent adjusting firm A. F. Stager Inc?
A. 
1990
B. 
1991
C. 
1992
D. 
1993
11.
As of June 2017, which company does NYCM lose most of its personal lines business to?
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Questions: 25 | Attempts: 23380 | Last updated: Mar 22, 2022
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