NY P&C CRAM SHEET
🖨 Print The Numbers Wall
Every number the exam actually tests, grouped for chanting. Read this out loud before bed and before the exam. If a number is here, it has appeared on real exams.
🚗 NY Auto — mandatory
Liability minimums: 25/50/10 · death 50/100
No-fault basic economic loss: $50,000 /person
wages 80% · max $2,000/mo · 3 years
other expenses $25/day · 1 year · death benefit $2,000
OBEL adds $25,000 · Motorcyclists: excluded
UM mandatory 25/50 BI only · SUM optional to 250/500
Reg 68: notice 30d · bills 45d · wage proof 90d · insurer pays/denies 30d · late interest 2%/mo
MVAIC: police 24 hrs · NOI 90d hit-run / 180d identified
Constructive total loss ≈ 75–80% of ACV 📜 NY Cancellation / Nonrenewal
Underwriting window: first 60 days (any stated reason)
Notice: 20 days · nonpayment 15 days
Homeowners required period: 3 years · auto: 1 year
Mid-term grounds after 60d: nonpayment · fraud/misrep · license suspension (auto) · hazard crime/conduct · uninsurable change
Nonrenewal notice: 45–60 days (personal) · 60 days (commercial)
Commercial cancel notice: nonpay 15d / other 20d
WC policy cancel (to WCB): nonpay 10d / other 30d 🏠 Homeowners numbers
Coverage B 10% · C 50% · D 30% of A
HO-3 named perils on contents: 16
Money $200 · securities $1,500 · watercraft/trailers $1,500
Theft: jewelry $1,500 · firearms $2,500 · silverware $2,500
Coverage E min $100k · F min $1k · F window 3 yrs
Exclusions split 12 / 6 / 4 · Damage to property of others $1,000 (intentional OK under age 13 )
Replacement cost trigger: insure to 80% · proof of loss 60 days
Trees $500 /tree (5% of A) · ordinance/law 10% · civil authority 2 weeks
DP-1 perils: fire · lightning · internal explosion (ACV ; DP D/E = 20%/20% ) 👷 Workers Comp + DBL
WC wage: 66⅔% AWW · wait 7d · retro past 14d · 1st payment 18d
Medical: unlimited · Part 1 limit: statutory (none)
Employers liability: 100/500/100
Premium: rate per $100 payroll × mod (1.0 avg) → audit
Monopolistic: ND · OH · WA · WY · NYSIF = competitive
Jones Act sailors · FELA railroads · LHWCA docks
DBL (off-job): 50% · max $170/wk · 26 wks /52 · wait 7d · employee chip-in $0.60/wk 🏛 Regulation & licensing
Regulator: Superintendent, DFS
License 2 yrs (birthday) · CE 15 credits (law+ethics+diversity)
Prelicensing P&C: 90 hrs · Temp license 90d blocks ≤ 15 mo , no new business
Rebating: $500 /violation · violations = misdemeanor · trade-practice fines $500/$2,500
Reg 64: acknowledge/investigate/forms — 15 business days each
Security Fund: $1,000,000 /claim (excess lines: none)
Excess lines: 3 declinations → affidavit → ELANY · export list skips
FAIR plan = NYPIUA : fire+EC, ACV , no theft/liability
Anti-arson app: NYC · TRIA certified > $200M , thru 12/31/27 🏢 Commercial lines numbers
BOP: ≤35,000 sq ft · ≤$6M sales · offices ≤6 stories
BOP banned: mfrs · auto biz · parking · bars · amusement · banks
BOP seasonal +25% · BI 12 mo · vacancy 60d /−15% · ID fraud ded $250
CGL basic: rented premises $100k · med expense $5k · med report 1 yr
ERP: basic 60d/5yr free · supplemental unlimited
Causes of loss: basic 12 · broad 16 · special = open
Business income restoration starts 72 hrs after loss
BAP symbols: 1 any · 2 owned · 7 scheduled · 8 hired · 9 nonowned · 19 mobile-equip · phys dmg = 2,3,4,7,8 · garage 21–31
MCS-90: $750k–$5M (Motor Carrier Act 1980)
Crime: 8 coverages · loss-sustained +1 yr discovery · discovery form +60d
Coinsurance: (Did ÷ Should) × Loss − Ded 🌊 Flood / EB / Marine
SFHA = 1% /yr · wait 30 days
NFIP residential $250k/$100k · commercial $500k/$500k
RC only: single-family primary residence · rest ACV
Flood = 2+ acres or 2+ properties inundated (incl. mudflow)
Equipment breakdown: RC if repaired ≤ 24 mo · immediate suspension
Farm vacancy 120d → limit −50% · farm liability H/I/J (J = 3 yrs)
General average = shared · particular = one owner 🏥 A&H sprint
HMO gatekeeper · PPO network discounts · POS hybrid
Medicare: A hospital · B medical · C Advantage · D drugs
Medigap: open enrollment 6 mo from Part B @65 · free look 30d
NY grace: 7/10/31 days (weekly/monthly/other)
Claim notice 20d · proof 90d · prompt pay 45d · defenses limit 2 yrs
Group DI taxable if employer-paid · NY = community rating · continuation 36 mo 🧠 Mnemonics that earn points FLIE (Fire, Lightning, Internal Explosion)P-O-S : Principal performs, Obligee protected, Surety paysL-M-U-D : Liability, Med pay, UM, Damage (then E duties, F fine print)50 / 80 / 2k / 3 / 25 / 2k — say it like a phone numberNO WWay " — ND, OH, WA, WY30-45-90-30 · Reg 64 = 15-15-15 (business days)60-window, 3-year home, 1-year car, 45-to-60 goodbye
Sources: NY Ins. Law §§2109, 2324, 2601, 3425, 3426, 5102 · Reg 64 (11 NYCRR 216) · Reg 68 · DFS.ny.gov · ELANY · NYSIF/WCB · your WebCE course materials.