NY INDEPENDENT GENERAL ADJUSTER
FINAL ASSESSMENT SCRIPT 2026
QUESTIONS AND ANSWERS GRADED A+
VERIFIED SOLUTIONS PACK
●● All of the following are Unfair Claims Settlement Practices EXCEPT
1. misrepresentation of policy provisions.
2. failure to acknowledge pertinent communications.
3. failure to respond to a first notice of loss within 24 hours.
4. denial of claim without a reasonable investigation..
Answer: failure to respond to a first notice of loss within 24 hours.
●● Which of the following characteristics of an insurance contract
expresses the principle that the policyholder is returned to the
approximate financial condition as before the loss?.
Answer: Indemnity
●● Compensatory damages are awarded.
Answer: For actual loss suffered
●● An insured with split liability limits of $400/500/400 is at fault in an
automobile accident and the other vehicle sustains $15000 in property
,damages, as well as two passengers have bodily injury and are claiming
$81500 each. What is the MOST insurance will pay to each occupant?.
Answer: $400,000
●● Who does a public adjuster represent?
1. an adjustment bureau
2. the government
3. the insured
4. the insurer.
Answer: the insured
●● Which of the following is a duty of the insured after a loss?
1. assigning risk to future loss
2. investigating cause of loss
3. minimizing further loss
4. appraising value of loss.
Answer: minimizing further loss
●● What is the insurance adjuster's first step in an investigation?
1. determine if a loss occurred
2. determine the amount covered
3. determine if the type of loss is covered in the contract
,4. determine if the loss occurred during the coverage period.
Answer: determine if a loss occurred
●● What allows insurance agents to issue payment on behalf of their
company?.
Answer: draft authority
●● What is typically the first option available for the insured who
disagrees with a loss settlement amount?
1. appeal
2. lawsuit
3. arbitration
4. grievance claim.
Answer: arbitration
●● Which party is required to provide proof of loss to establish
entitlement?
1. the insurer
2. the insured
3. selling agent
4. law enforcement.
Answer: the insured
, ●● Jane takes her vehicle to the local garage to have new brakes
installed. After completing the job, the mechanic takes the car out for a
test drive. The mechanic runs a red light and hits another vehicle. The
damage to Jane's car would be covered PRIMARILY by.
Answer: the repair shop's Garagekeepers Liability Policy.
●● During the first 60 days an automobile policy is in force, when may
an insurer cancel the policy?.
Answer: by a statement of the specific reason
●● Which of the following is how defense costs are paid in relation to
the limit of insurance under the personal auto policy for bodily injury
and property damage part A-liability coverage?.
Answer: in excess of the limit
●● All of the following are TRUE regarding a nonowned auto EXCEPT.
Answer: bodily Injury to an insured's nonresident family member or
relative.
●● The insured has a commercial auto policy with a drive other car
broadened coverage liability for named individuals (DOC) endorsement.
In which of the following would the named individual be covered?.
Answer: driving neighbor's auto
FINAL ASSESSMENT SCRIPT 2026
QUESTIONS AND ANSWERS GRADED A+
VERIFIED SOLUTIONS PACK
●● All of the following are Unfair Claims Settlement Practices EXCEPT
1. misrepresentation of policy provisions.
2. failure to acknowledge pertinent communications.
3. failure to respond to a first notice of loss within 24 hours.
4. denial of claim without a reasonable investigation..
Answer: failure to respond to a first notice of loss within 24 hours.
●● Which of the following characteristics of an insurance contract
expresses the principle that the policyholder is returned to the
approximate financial condition as before the loss?.
Answer: Indemnity
●● Compensatory damages are awarded.
Answer: For actual loss suffered
●● An insured with split liability limits of $400/500/400 is at fault in an
automobile accident and the other vehicle sustains $15000 in property
,damages, as well as two passengers have bodily injury and are claiming
$81500 each. What is the MOST insurance will pay to each occupant?.
Answer: $400,000
●● Who does a public adjuster represent?
1. an adjustment bureau
2. the government
3. the insured
4. the insurer.
Answer: the insured
●● Which of the following is a duty of the insured after a loss?
1. assigning risk to future loss
2. investigating cause of loss
3. minimizing further loss
4. appraising value of loss.
Answer: minimizing further loss
●● What is the insurance adjuster's first step in an investigation?
1. determine if a loss occurred
2. determine the amount covered
3. determine if the type of loss is covered in the contract
,4. determine if the loss occurred during the coverage period.
Answer: determine if a loss occurred
●● What allows insurance agents to issue payment on behalf of their
company?.
Answer: draft authority
●● What is typically the first option available for the insured who
disagrees with a loss settlement amount?
1. appeal
2. lawsuit
3. arbitration
4. grievance claim.
Answer: arbitration
●● Which party is required to provide proof of loss to establish
entitlement?
1. the insurer
2. the insured
3. selling agent
4. law enforcement.
Answer: the insured
, ●● Jane takes her vehicle to the local garage to have new brakes
installed. After completing the job, the mechanic takes the car out for a
test drive. The mechanic runs a red light and hits another vehicle. The
damage to Jane's car would be covered PRIMARILY by.
Answer: the repair shop's Garagekeepers Liability Policy.
●● During the first 60 days an automobile policy is in force, when may
an insurer cancel the policy?.
Answer: by a statement of the specific reason
●● Which of the following is how defense costs are paid in relation to
the limit of insurance under the personal auto policy for bodily injury
and property damage part A-liability coverage?.
Answer: in excess of the limit
●● All of the following are TRUE regarding a nonowned auto EXCEPT.
Answer: bodily Injury to an insured's nonresident family member or
relative.
●● The insured has a commercial auto policy with a drive other car
broadened coverage liability for named individuals (DOC) endorsement.
In which of the following would the named individual be covered?.
Answer: driving neighbor's auto
