NY Independent General Adjuster Exam -
Series 17-70 Latest Prep Test Bank 2026
with 190 Questions and Correct Answers
In New York the workers compensation program is administered by the Workers
Compensation Board which establishes guidelines for the program. Notice of
injury or death to a worker is required to be submitted to the employer within what
period of time? - ANSWER-30 Days.
To be eligible for the New York assigned risk auto plan a person must: -
ANSWER-Hold a valid driver's license.
Under workers compensation in New York, which of the following does not raise
the premium based on it being a proportion of the charged premium? - ANSWER-
Premium Discount.
What is an example of a moral hazard? - ANSWER-Embezzlement
If an insured is responsible for damaging a client's million dollar shipment of
products, would this coverage be covered by the commercial umbrella liability
coverage under BI and PD coverage? - ANSWER-Yes.
A homeowner with personal property insured for $60,000 had a fire which
destroyed everything. The total value of the personal property at the time of the
loss was only $50,000. What principle would be violated if her insurer paid her
more than $50,000? - ANSWER-Principle of Indemnity.
pg. 1
,A contract between a public adjuster and an insured must be: - ANSWER-In
Written Form.
An insured has purchased a personal watercraft policy with liability limits of
$300,000 and medical coverage in the amount of $5,000. The boat accidentally tips
over and both the insured and a friend are injured. Who would be covered under
the medical payments coverage? - ANSWER-The insured and the friend.
The insured carries an Equipment Breakdown policy with a limit of $300,000. A
boiler has exploded and caused extensive damage to the building and its contents.
As a result of the explosion a fire ensues causing $100,000 in damages. How much
will the Equipment Breakdown policy pay for the fire damage? - ANSWER-$0.
The Equipment Breakdown policy excludes fire damage.
If a person is found guilty of violating USC Section 1033 regarding Federal Fraud
and False Statements, what can the Attorney General do? - ANSWER-Assess a
civil penalty in the amount the person received or offered for the prohibited
conduct or $5,000 whichever is greater.
A sudden and unexpected event is known as: - ANSWER-An Accident.
Mr. Wilson purchases property insurance on a building and fails to advise the
agent that he only owns 50% of the building. This is an example of: - ANSWER-
Misrepresentation.
What is the appropriate manner in which to sign a "release of all claims?" -
ANSWER-Must use full legal name.
pg. 2
, Jane becomes injured in an auto accident caused when she took her eyes off the
road to send a text message on her cell phone. This is an example of a: -
ANSWER-Morale Hazard.
The deductible on the Equipment Breakdown form can be stated in what 3 ways? -
ANSWER-Fixed Dollar Amount, Time Deductible, and Percentage of Loss.
A car has had the front sheet metal replaced. The fender-to-door gap is wider on
the passenger side than on the driver side and the hood appears out of alignment.
Technician A says that only the hood latch is misaligned. Technician B says the
front structure of the vehicle is not dimensionally correct. Who is right? -
ANSWER-Technician B only.
A tenant leases space in a building. The tenant's space is damaged by fire. When
will the commercial Property Policy pay for the damage? - ANSWER-When the
owner of the building submits proof of loss for the damage.
Dwelling forms provide what amount of coverage for grave markers and
mausoleums? - ANSWER-Nothing. Homeowners form provide a limit of $5,000.
Does a flat deductible apply to basic scheduled dental plans? - ANSWER-No.
With crop insurance policies, the coverage period is usually: - ANSWER-Limited
to the growing period for the particular crop being insured.
What does an employer's non-ownership coverage under the BAP cover? -
ANSWER-Covers the employer when the employee is using their vehicle on
company business.
pg. 3
Series 17-70 Latest Prep Test Bank 2026
with 190 Questions and Correct Answers
In New York the workers compensation program is administered by the Workers
Compensation Board which establishes guidelines for the program. Notice of
injury or death to a worker is required to be submitted to the employer within what
period of time? - ANSWER-30 Days.
To be eligible for the New York assigned risk auto plan a person must: -
ANSWER-Hold a valid driver's license.
Under workers compensation in New York, which of the following does not raise
the premium based on it being a proportion of the charged premium? - ANSWER-
Premium Discount.
What is an example of a moral hazard? - ANSWER-Embezzlement
If an insured is responsible for damaging a client's million dollar shipment of
products, would this coverage be covered by the commercial umbrella liability
coverage under BI and PD coverage? - ANSWER-Yes.
A homeowner with personal property insured for $60,000 had a fire which
destroyed everything. The total value of the personal property at the time of the
loss was only $50,000. What principle would be violated if her insurer paid her
more than $50,000? - ANSWER-Principle of Indemnity.
pg. 1
,A contract between a public adjuster and an insured must be: - ANSWER-In
Written Form.
An insured has purchased a personal watercraft policy with liability limits of
$300,000 and medical coverage in the amount of $5,000. The boat accidentally tips
over and both the insured and a friend are injured. Who would be covered under
the medical payments coverage? - ANSWER-The insured and the friend.
The insured carries an Equipment Breakdown policy with a limit of $300,000. A
boiler has exploded and caused extensive damage to the building and its contents.
As a result of the explosion a fire ensues causing $100,000 in damages. How much
will the Equipment Breakdown policy pay for the fire damage? - ANSWER-$0.
The Equipment Breakdown policy excludes fire damage.
If a person is found guilty of violating USC Section 1033 regarding Federal Fraud
and False Statements, what can the Attorney General do? - ANSWER-Assess a
civil penalty in the amount the person received or offered for the prohibited
conduct or $5,000 whichever is greater.
A sudden and unexpected event is known as: - ANSWER-An Accident.
Mr. Wilson purchases property insurance on a building and fails to advise the
agent that he only owns 50% of the building. This is an example of: - ANSWER-
Misrepresentation.
What is the appropriate manner in which to sign a "release of all claims?" -
ANSWER-Must use full legal name.
pg. 2
, Jane becomes injured in an auto accident caused when she took her eyes off the
road to send a text message on her cell phone. This is an example of a: -
ANSWER-Morale Hazard.
The deductible on the Equipment Breakdown form can be stated in what 3 ways? -
ANSWER-Fixed Dollar Amount, Time Deductible, and Percentage of Loss.
A car has had the front sheet metal replaced. The fender-to-door gap is wider on
the passenger side than on the driver side and the hood appears out of alignment.
Technician A says that only the hood latch is misaligned. Technician B says the
front structure of the vehicle is not dimensionally correct. Who is right? -
ANSWER-Technician B only.
A tenant leases space in a building. The tenant's space is damaged by fire. When
will the commercial Property Policy pay for the damage? - ANSWER-When the
owner of the building submits proof of loss for the damage.
Dwelling forms provide what amount of coverage for grave markers and
mausoleums? - ANSWER-Nothing. Homeowners form provide a limit of $5,000.
Does a flat deductible apply to basic scheduled dental plans? - ANSWER-No.
With crop insurance policies, the coverage period is usually: - ANSWER-Limited
to the growing period for the particular crop being insured.
What does an employer's non-ownership coverage under the BAP cover? -
ANSWER-Covers the employer when the employee is using their vehicle on
company business.
pg. 3
