NY Independent General Adjuster
Exam - Series 17-70 FINAL EXAM
2025 NEWEST COMPLETE EXAM
QUESTIONS AND CORRECT
ANSWERS||100% GUARANTEED
PASS||A+ GRADED!!!
1. Who can bind an insurance coverage by oral or written agreement? -
ANSWER ✓ Property and Casualty Producer.
2. What is Drive Other Car Coverage? - ANSWER ✓ Provides coverage for
the owner of a business that does not own an auto.
3. Attempting to settle claims on the basis of an application which was altered
without notice to, or knowledge or consent of, the insured is an example of: -
ANSWER ✓ An unfair claims practice act.
4. How is property covered under an unendorsed BOP form? - ANSWER ✓
Open Peril.
5. What 2 additional coverages can be found on the DP2 and DP3 that are not
found on the DP1? - ANSWER ✓ Collapse and Lawns/Plants/Trees/Shrubs
6. If an insurer requires an application for reinstatement and it takes no action
on that application for ____, the policy is: - ANSWER ✓ 45 days/reinstated.
7. In a bond that has been in place and renewed for several years with the same
carrier, under the "loss sustained under previous insurance condition" which
would respond to a claim that was just discovered but which actually
happened two years ago? - ANSWER ✓ The current bond.
8. An insurer is required to acknowledge receipt of notice of a claim within: -
ANSWER ✓ 15 working days.
,9. What kind of violation has a construction company made if they have faulty
materials in a flood wall that collapses and results in the destruction of five
homes? - ANSWER ✓ Civil Violation.
10.A written modification of an insurance policy is known as: - ANSWER ✓
Endorsement
11.A commercial inland marine condition defining the insurer's subrogation
rights: - ANSWER ✓ Guarantees the insurer's ability to recover from a third
party who is responsible for a covered loss..
12.Phil Smith, in helping his friend Tim Jones apply for a New York Casualty
Insurance license, attests to Tim's honesty on the application and
competence to handle the duties of the license. Phil's statement must: -
ANSWER ✓ Submitted with all documentation and applications to the state.
13.Sam applied for, and was issued, a health insurance policy five years ago. At
that time, his age was recorded as age 36 when in fact he was age 38. Sam's
policy includes a misstatement of age provision and he has a claim at age 42.
How will this claim be addressed? - ANSWER ✓ Claim benefits will be
reduced.
14.What is is not covered under the Equipment Breakdown coverage form? -
ANSWER ✓ The breakdown of any structure or materials supporting the
equipment.
15.When benefits are paid to a policyowner covered under a hospital expense
policy, the policy is considered a: - ANSWER ✓ Reimbursement Contract.
16.If the named insured's employees use their own vehicles to run errands, and
the named insured does not have commercial auto coverage, what coverage
should be added to the Businessowners Coverage Form? - ANSWER ✓ The
Hired and Non-owned Auto Liability endorsement.
17.Commercial auto insurance applies to accidents or loss in all of the
following locations, except: - ANSWER ✓ Mexico.
, 18.An insurance broker is a person who represents: - ANSWER ✓ An insured
or prospective insured..
19.In every state some classes of employment are exempt from workers
compensation laws. Benefits for exempt employees: - ANSWER ✓ May be
voluntarily provided by the employer. .
20.Under the farm forms, theft of certain types of property has a theft coverage
limitation. The theft limitation on firearms and other related equipment is: -
ANSWER ✓ $3,000
21.Most crop insurance in the United States is written by: - ANSWER ✓
Private stock and mutual companies.
22.A "residual disability benefit" provides an income benefit if an insured: -
ANSWER ✓ becomes residually disabled..
23.The suffix "osis" refers to: - ANSWER ✓ An abnormal condition.
24.The common definition of theft in commercial crime forms: - ANSWER ✓
Excludes mysterious disappearance
25.A business auto policy has a $100,000 limit of insurance for liability
coverage. As a result of an automobile accident involving a covered auto,
two people are injured. The first injured party sues the named insured and
wins a $150,000 judgment. The insurer pays its limit of insurance. If the
other injured party later sues the insured, the insurer will: - ANSWER ✓
Deny further obligations to the insured as a result of the other injured party..
26.Who is a manager under a commercial crime insurance policy? - ANSWER
✓ Directory of a limited liability company.
27.Dram Shop Liability refers to: - ANSWER ✓ Liquor Law Liability.
28.The insured has suffered a covered loss under his DP-3 dwelling form. He
fails to protect the property from further loss. The additional loss that occurs
as a result of his inactions may be denied because of what clause in the
policy? - ANSWER ✓ Neglect.
Exam - Series 17-70 FINAL EXAM
2025 NEWEST COMPLETE EXAM
QUESTIONS AND CORRECT
ANSWERS||100% GUARANTEED
PASS||A+ GRADED!!!
1. Who can bind an insurance coverage by oral or written agreement? -
ANSWER ✓ Property and Casualty Producer.
2. What is Drive Other Car Coverage? - ANSWER ✓ Provides coverage for
the owner of a business that does not own an auto.
3. Attempting to settle claims on the basis of an application which was altered
without notice to, or knowledge or consent of, the insured is an example of: -
ANSWER ✓ An unfair claims practice act.
4. How is property covered under an unendorsed BOP form? - ANSWER ✓
Open Peril.
5. What 2 additional coverages can be found on the DP2 and DP3 that are not
found on the DP1? - ANSWER ✓ Collapse and Lawns/Plants/Trees/Shrubs
6. If an insurer requires an application for reinstatement and it takes no action
on that application for ____, the policy is: - ANSWER ✓ 45 days/reinstated.
7. In a bond that has been in place and renewed for several years with the same
carrier, under the "loss sustained under previous insurance condition" which
would respond to a claim that was just discovered but which actually
happened two years ago? - ANSWER ✓ The current bond.
8. An insurer is required to acknowledge receipt of notice of a claim within: -
ANSWER ✓ 15 working days.
,9. What kind of violation has a construction company made if they have faulty
materials in a flood wall that collapses and results in the destruction of five
homes? - ANSWER ✓ Civil Violation.
10.A written modification of an insurance policy is known as: - ANSWER ✓
Endorsement
11.A commercial inland marine condition defining the insurer's subrogation
rights: - ANSWER ✓ Guarantees the insurer's ability to recover from a third
party who is responsible for a covered loss..
12.Phil Smith, in helping his friend Tim Jones apply for a New York Casualty
Insurance license, attests to Tim's honesty on the application and
competence to handle the duties of the license. Phil's statement must: -
ANSWER ✓ Submitted with all documentation and applications to the state.
13.Sam applied for, and was issued, a health insurance policy five years ago. At
that time, his age was recorded as age 36 when in fact he was age 38. Sam's
policy includes a misstatement of age provision and he has a claim at age 42.
How will this claim be addressed? - ANSWER ✓ Claim benefits will be
reduced.
14.What is is not covered under the Equipment Breakdown coverage form? -
ANSWER ✓ The breakdown of any structure or materials supporting the
equipment.
15.When benefits are paid to a policyowner covered under a hospital expense
policy, the policy is considered a: - ANSWER ✓ Reimbursement Contract.
16.If the named insured's employees use their own vehicles to run errands, and
the named insured does not have commercial auto coverage, what coverage
should be added to the Businessowners Coverage Form? - ANSWER ✓ The
Hired and Non-owned Auto Liability endorsement.
17.Commercial auto insurance applies to accidents or loss in all of the
following locations, except: - ANSWER ✓ Mexico.
, 18.An insurance broker is a person who represents: - ANSWER ✓ An insured
or prospective insured..
19.In every state some classes of employment are exempt from workers
compensation laws. Benefits for exempt employees: - ANSWER ✓ May be
voluntarily provided by the employer. .
20.Under the farm forms, theft of certain types of property has a theft coverage
limitation. The theft limitation on firearms and other related equipment is: -
ANSWER ✓ $3,000
21.Most crop insurance in the United States is written by: - ANSWER ✓
Private stock and mutual companies.
22.A "residual disability benefit" provides an income benefit if an insured: -
ANSWER ✓ becomes residually disabled..
23.The suffix "osis" refers to: - ANSWER ✓ An abnormal condition.
24.The common definition of theft in commercial crime forms: - ANSWER ✓
Excludes mysterious disappearance
25.A business auto policy has a $100,000 limit of insurance for liability
coverage. As a result of an automobile accident involving a covered auto,
two people are injured. The first injured party sues the named insured and
wins a $150,000 judgment. The insurer pays its limit of insurance. If the
other injured party later sues the insured, the insurer will: - ANSWER ✓
Deny further obligations to the insured as a result of the other injured party..
26.Who is a manager under a commercial crime insurance policy? - ANSWER
✓ Directory of a limited liability company.
27.Dram Shop Liability refers to: - ANSWER ✓ Liquor Law Liability.
28.The insured has suffered a covered loss under his DP-3 dwelling form. He
fails to protect the property from further loss. The additional loss that occurs
as a result of his inactions may be denied because of what clause in the
policy? - ANSWER ✓ Neglect.
