NY INDEPENDENT GENERAL ADJUSTER SERIES
17-70 QUESTIONS AND ANSWERS SURE A+
✔✔An insured with split liability limits of 100/300/100 is at fault in an automobile
accident and the other vehicle sustains $6,500 in property damages as well as two
occupants have bodily injury and are claiming $150,000 each. What is the most
insurance will pay to each occupant? - ✔✔$100,000
✔✔As a general rule, commercial inland marine insurance covers all of following
EXCEPT - ✔✔merchandise while it is being manufactured.
✔✔The Terrorism Risk Insurance Act and the National Flood Insurance Program are
similar by providing which of the following? - ✔✔subsidies, loss sharing or excess
coverage
✔✔With which of the following methods are losses settled on an actual cash value
(ACV) basis? - ✔✔less depreciation
✔✔All of the following types of personal property are covered under Coverage C
EXCEPT - ✔✔collectable gold coins.
✔✔Standard nonforfeiture benefits include - ✔✔reduced paid-up insurance.
, ✔✔In a case where an individual's health is insured by both their own policy and their
spouse's policy, which policy pays in the event of an illness? - ✔✔The individual's policy
pays first, the spouse's policy pays the remaining up to coverage amount.
✔✔The insured carries uninsured motorist coverage limits of 100/300/100 and is struck
by an uninsured motorist, who will pay insured's bodily injury damages claimed for
$100,000? - ✔✔the insured's insurance company
✔✔An insured has transportation expenses coverage under Part D of the personal auto
policy when involved in a collision. Coverage provides which of the following? -
✔✔rental reimbursement until claim is settled by insurance
✔✔According to the Nationwide Definition of marine insurance, which category is an
eligible marine risk? - ✔✔imported goods
✔✔When an employer sends employees out of state on work related business, which of
the following must he do to ensure the appropriate workers' compensation coverage -
✔✔list the state on the information page for other states' coverage
✔✔In a Surety Bond, the principal is the person who - ✔✔performs certain acts under
the contract.
✔✔All of the following situations represent additional personal liability exposures that
can be met with an umbrella policy EXCEPT - ✔✔liability arising out of business
pursuits.
✔✔When an insured disagrees with the valuation of a loss and his appraiser and the
insurance company's appraiser disagree, how will the loss be settled? - ✔✔the amount
agreed to by any two of the three
✔✔Which type of coverage would be appropriate for a detached garage in a DP-1
policy? - ✔✔Coverage B
✔✔Which of the following represents the maximum amount reimbursable for tree debris
removal for one occurrence under all Homeowners forms? - ✔✔$1,000
✔✔All of the following are TRUE regarding torts EXCEPT - ✔✔a tort is always
unintentional
✔✔What is the purpose of the causes of loss form that lists specific exclusions? - ✔✔to
state which perils are insured against
17-70 QUESTIONS AND ANSWERS SURE A+
✔✔An insured with split liability limits of 100/300/100 is at fault in an automobile
accident and the other vehicle sustains $6,500 in property damages as well as two
occupants have bodily injury and are claiming $150,000 each. What is the most
insurance will pay to each occupant? - ✔✔$100,000
✔✔As a general rule, commercial inland marine insurance covers all of following
EXCEPT - ✔✔merchandise while it is being manufactured.
✔✔The Terrorism Risk Insurance Act and the National Flood Insurance Program are
similar by providing which of the following? - ✔✔subsidies, loss sharing or excess
coverage
✔✔With which of the following methods are losses settled on an actual cash value
(ACV) basis? - ✔✔less depreciation
✔✔All of the following types of personal property are covered under Coverage C
EXCEPT - ✔✔collectable gold coins.
✔✔Standard nonforfeiture benefits include - ✔✔reduced paid-up insurance.
, ✔✔In a case where an individual's health is insured by both their own policy and their
spouse's policy, which policy pays in the event of an illness? - ✔✔The individual's policy
pays first, the spouse's policy pays the remaining up to coverage amount.
✔✔The insured carries uninsured motorist coverage limits of 100/300/100 and is struck
by an uninsured motorist, who will pay insured's bodily injury damages claimed for
$100,000? - ✔✔the insured's insurance company
✔✔An insured has transportation expenses coverage under Part D of the personal auto
policy when involved in a collision. Coverage provides which of the following? -
✔✔rental reimbursement until claim is settled by insurance
✔✔According to the Nationwide Definition of marine insurance, which category is an
eligible marine risk? - ✔✔imported goods
✔✔When an employer sends employees out of state on work related business, which of
the following must he do to ensure the appropriate workers' compensation coverage -
✔✔list the state on the information page for other states' coverage
✔✔In a Surety Bond, the principal is the person who - ✔✔performs certain acts under
the contract.
✔✔All of the following situations represent additional personal liability exposures that
can be met with an umbrella policy EXCEPT - ✔✔liability arising out of business
pursuits.
✔✔When an insured disagrees with the valuation of a loss and his appraiser and the
insurance company's appraiser disagree, how will the loss be settled? - ✔✔the amount
agreed to by any two of the three
✔✔Which type of coverage would be appropriate for a detached garage in a DP-1
policy? - ✔✔Coverage B
✔✔Which of the following represents the maximum amount reimbursable for tree debris
removal for one occurrence under all Homeowners forms? - ✔✔$1,000
✔✔All of the following are TRUE regarding torts EXCEPT - ✔✔a tort is always
unintentional
✔✔What is the purpose of the causes of loss form that lists specific exclusions? - ✔✔to
state which perils are insured against
