New York General Adjuster 17-70 State
Exam Prep Test Bank with 750 Recent
Test Questions and Correct Answers
Dram Shop Liability refers to: -CORRECTANSWER Liquor Law Liability.
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? -CORRECTANSWER
Neglect.
To be eligible for the New York assigned risk auto plan a person must: -
CORRECTANSWER Hold a valid driver's license.
Any insurance adjuster whose license has been revoked for cause will not be entitled to
apply for any other insurance license in New York until at least: -CORRECTANSWER
One Year.
A typical benefit design for a long term care policy does not include a: -
CORRECTANSWER Conditionally or optionally renewability feature.
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? -CORRECTANSWER 30 Days.
A common carrier is not held liable for the loss of a shipper's goods when the loss
results from: -CORRECTANSWER An Act of God.
If one is found guilty of federal insurance fraud, who can permit the guilty individual to
return to the insurance business? -CORRECTANSWER Only an insurance regulatory
official.
When is a passenger first covered under an aircraft policy? -CORRECTANSWER When
Entering the Aircraft.
If an insured takes precautionary measures to protect property from flood damage such
as creating a retaining wall of sand bags, how much coverage if any, will be provided by
a flood policy? -CORRECTANSWER $1,000 if the flood is imminent and the property is
in danger of flooding.
Which Commercial Forms would cover sinkhole collapse? -CORRECTANSWER Basic,
Broad, and Special.
______ is a movement allowed by certain joints of the skeleton that decreases the
angle between two adjoining bones. -CORRECTANSWER Flexion
,The listing of the perils covered is found in which part of a homeowner policy? -
CORRECTANSWER Insuring Agreement.
If a dog owned by a customer is injured in the parking lot of a store, is that considered
bodily injury under liability coverage? -CORRECTANSWER No. The dog is property
and would be consider property damage.
The Superintendent of Insurance may approve the employment, appointment or
participation of any person whose license has been revoked. Karen Jones had her
license revoked and filed an application for relicensing and has waited over 120 days
without a response from the Insurance Department. What should or can she do? -
CORRECTANSWER Assume the relicensing is approved.
Mr. Vickers was in a hurry to catch a plane. He parks his car in the parking garage at
the airport and leaves the keys in the ignition. When he returns he finds that his car has
been stolen. Later the car was discovered with severe collision damage. The airport
carries Garagekeeper's Legal Liability coverage and Mr. Vickers carries Liability and
Comprehensive coverage on his auto. What coverage would apply? -
CORRECTANSWER Mr. Vickers comprehensive coverage.
An automobile is polluting the environment. What engine component could be the
primary cause? -CORRECTANSWER Catalytic Converter Malfunction.
, Under the dwelling policy, DP2 or D3, what is the maximum amount of Coverage A that
would be paid for additional living expenses? -CORRECTANSWER 20%
Workers compensation policies also include employer's liability coverage. If any
employer fails to maintain the equipment and an employee is injured, would it be
covered under this coverage? -CORRECTANSWER Yes.
Fidelity bonds are typically written to be effective for a: -CORRECTANSWER
Continuous term without an expiration date.
One purpose of a deductible is to: -CORRECTANSWER Eliminate small claims.
If the insured has failed to pay the premium for a worker compensation policy issued in
New York, how many days notice of cancellation must be sent to the insured? -
CORRECTANSWER A 10 day notice.
A ship owner wanting coverage in case crew members bring liability suits for injuries
sustained while working would purchase: -CORRECTANSWER Protection and
Indemnity
Exam Prep Test Bank with 750 Recent
Test Questions and Correct Answers
Dram Shop Liability refers to: -CORRECTANSWER Liquor Law Liability.
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? -CORRECTANSWER
Neglect.
To be eligible for the New York assigned risk auto plan a person must: -
CORRECTANSWER Hold a valid driver's license.
Any insurance adjuster whose license has been revoked for cause will not be entitled to
apply for any other insurance license in New York until at least: -CORRECTANSWER
One Year.
A typical benefit design for a long term care policy does not include a: -
CORRECTANSWER Conditionally or optionally renewability feature.
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? -CORRECTANSWER 30 Days.
A common carrier is not held liable for the loss of a shipper's goods when the loss
results from: -CORRECTANSWER An Act of God.
If one is found guilty of federal insurance fraud, who can permit the guilty individual to
return to the insurance business? -CORRECTANSWER Only an insurance regulatory
official.
When is a passenger first covered under an aircraft policy? -CORRECTANSWER When
Entering the Aircraft.
If an insured takes precautionary measures to protect property from flood damage such
as creating a retaining wall of sand bags, how much coverage if any, will be provided by
a flood policy? -CORRECTANSWER $1,000 if the flood is imminent and the property is
in danger of flooding.
Which Commercial Forms would cover sinkhole collapse? -CORRECTANSWER Basic,
Broad, and Special.
______ is a movement allowed by certain joints of the skeleton that decreases the
angle between two adjoining bones. -CORRECTANSWER Flexion
,The listing of the perils covered is found in which part of a homeowner policy? -
CORRECTANSWER Insuring Agreement.
If a dog owned by a customer is injured in the parking lot of a store, is that considered
bodily injury under liability coverage? -CORRECTANSWER No. The dog is property
and would be consider property damage.
The Superintendent of Insurance may approve the employment, appointment or
participation of any person whose license has been revoked. Karen Jones had her
license revoked and filed an application for relicensing and has waited over 120 days
without a response from the Insurance Department. What should or can she do? -
CORRECTANSWER Assume the relicensing is approved.
Mr. Vickers was in a hurry to catch a plane. He parks his car in the parking garage at
the airport and leaves the keys in the ignition. When he returns he finds that his car has
been stolen. Later the car was discovered with severe collision damage. The airport
carries Garagekeeper's Legal Liability coverage and Mr. Vickers carries Liability and
Comprehensive coverage on his auto. What coverage would apply? -
CORRECTANSWER Mr. Vickers comprehensive coverage.
An automobile is polluting the environment. What engine component could be the
primary cause? -CORRECTANSWER Catalytic Converter Malfunction.
, Under the dwelling policy, DP2 or D3, what is the maximum amount of Coverage A that
would be paid for additional living expenses? -CORRECTANSWER 20%
Workers compensation policies also include employer's liability coverage. If any
employer fails to maintain the equipment and an employee is injured, would it be
covered under this coverage? -CORRECTANSWER Yes.
Fidelity bonds are typically written to be effective for a: -CORRECTANSWER
Continuous term without an expiration date.
One purpose of a deductible is to: -CORRECTANSWER Eliminate small claims.
If the insured has failed to pay the premium for a worker compensation policy issued in
New York, how many days notice of cancellation must be sent to the insured? -
CORRECTANSWER A 10 day notice.
A ship owner wanting coverage in case crew members bring liability suits for injuries
sustained while working would purchase: -CORRECTANSWER Protection and
Indemnity
