NY INDEPENDENT GENERAL ADJUSTER EXAM - SERIES 17-70 QUESTIONS AND CORRECT VERIFIED ANSWERS

NY INDEPENDENT GENERAL ADJUSTER
EXAM - SERIES 17-70 QUESTIONS AND
CORRECT VERIFIED ANSWERS
DramA2ShopA2LiabilityA2refersA2to:A2-A2Ans--LiquorA2LawA2Liability.

TheA2insuredA2hasA2sufferedA2aA2coveredA2lossA2underA2hisA2DP-
3A2dwellingA2form.A2HeA2failsA2toA2protectA2theA2propertyA2fromA2furtherA2loss.A2TheA2additi
onalA2lossA2thatA2occursA2asA2aA2resultA2ofA2hisA2inactionsA2mayA2beA2deniedA2becauseA2o
fA2whatA2clauseA2inA2theA2policy?A2-A2Ans--Neglect.

ToA2beA2eligibleA2forA2theA2NewA2YorkA2assignedA2riskA2autoA2planA2aA2personA2must:A2-
A2Ans--HoldA2aA2validA2driver'sA2license.


AnyA2insuranceA2adjusterA2whoseA2licenseA2hasA2beenA2revokedA2forA2causeA2willA2notA2b
eA2entitledA2toA2applyA2forA2anyA2otherA2insuranceA2licenseA2inA2NewA2YorkA2untilA2atA2leas
t:A2-A2Ans--OneA2Year.

AA2typicalA2benefitA2designA2forA2aA2longA2termA2careA2policyA2doesA2notA2includeA2a:A2-
A2Ans--ConditionallyA2orA2optionallyA2renewabilityA2feature.


InA2NewA2YorkA2theA2workersA2compensationA2programA2isA2administeredA2byA2theA2Work
ersA2CompensationA2BoardA2whichA2establishesA2guidelinesA2forA2theA2program.A2NoticeA
2ofA2injuryA2orA2deathA2toA2aA2workerA2isA2requiredA2toA2beA2submittedA2toA2theA2employerA
2withinA2whatA2periodA2ofA2time?A2-A2Ans--30A2Days.


AA2commonA2carrierA2isA2notA2heldA2liableA2forA2theA2lossA2ofA2aA2shipper'sA2goodsA2whenA
2theA2lossA2resultsA2from:A2-A2Ans--AnA2ActA2ofA2God.


IfA2oneA2isA2foundA2guiltyA2ofA2federalA2insuranceA2fraud,A2whoA2canA2permitA2theA2guiltyA2i
ndividualA2toA2returnA2toA2theA2insuranceA2business?A2-A2Ans--
OnlyA2anA2insuranceA2regulatoryA2official.

WhenA2isA2aA2passengerA2firstA2coveredA2underA2anA2aircraftA2policy?A2-A2Ans--
WhenA2EnteringA2theA2Aircraft.

IfA2anA2insuredA2takesA2precautionaryA2measuresA2toA2protectA2propertyA2fromA2floodA2da
mageA2suchA2asA2creatingA2aA2retainingA2wallA2ofA2sandA2bags,A2howA2muchA2coverageA2if
A2any,A2willA2beA2providedA2byA2aA2floodA2policy?A2-A2Ans--
$1,000A2ifA2theA2floodA2isA2imminentA2andA2theA2propertyA2isA2inA2dangerA2ofA2flooding.

WhichA2CommercialA2FormsA2wouldA2coverA2sinkholeA2collapse?A2-A2Ans--
Basic,A2Broad,A2andA2Special.

,______A2isA2aA2movementA2allowedA2byA2certainA2jointsA2ofA2theA2skeletonA2thatA2decreas
esA2theA2angleA2betweenA2twoA2adjoiningA2bones.A2-A2Ans--Flexion

TheA2listingA2ofA2theA2perilsA2coveredA2isA2foundA2inA2whichA2partA2ofA2aA2homeownerA2poli
cy?A2-A2Ans--InsuringA2Agreement.

IfA2aA2dogA2ownedA2byA2aA2customerA2isA2injuredA2inA2theA2parkingA2lotA2ofA2aA2store,A2isA2t
hatA2consideredA2bodilyA2injuryA2underA2liabilityA2coverage?A2-A2Ans--
No.A2TheA2dogA2isA2propertyA2andA2wouldA2beA2considerA2propertyA2damage.

TheA2SuperintendentA2ofA2InsuranceA2mayA2approveA2theA2employment,A2appointmentA2o
rA2participationA2ofA2anyA2personA2whoseA2licenseA2hasA2beenA2revoked.A2KarenA2JonesA2
hadA2herA2licenseA2revokedA2andA2filedA2anA2applicationA2forA2relicensingA2andA2hasA2wait
edA2overA2120A2daysA2withoutA2aA2responseA2fromA2theA2InsuranceA2Department.A2WhatA2
shouldA2orA2canA2sheA2do?A2-A2Ans--AssumeA2theA2relicensingA2isA2approved.

Mr.A2VickersA2wasA2inA2aA2hurryA2toA2catchA2aA2plane.A2HeA2parksA2hisA2carA2inA2theA2parki
ngA2garageA2atA2theA2airportA2andA2leavesA2theA2keysA2inA2theA2ignition.A2WhenA2heA2retur
nsA2heA2findsA2thatA2hisA2carA2hasA2beenA2stolen.A2LaterA2theA2carA2wasA2discoveredA2with
A2severeA2collisionA2damage.A2TheA2airportA2carriesA2Garagekeeper'sA2LegalA2LiabilityA2c
overageA2andA2Mr.A2VickersA2carriesA2LiabilityA2andA2ComprehensiveA2coverageA2onA2his
A2auto.A2WhatA2coverageA2wouldA2apply?A2-A2Ans--
Mr.A2VickersA2comprehensiveA2coverage.

AnA2automobileA2isA2pollutingA2theA2environment.A2WhatA2engineA2componentA2couldA2be
A2theA2primaryA2cause?A2-A2Ans--CatalyticA2ConverterA2Malfunction.


UnderA2theA2dwellingA2policy,A2DP2A2orA2D3,A2whatA2isA2theA2maximumA2amountA2ofA2Cov
erageA2AA2thatA2wouldA2beA2paidA2forA2additionalA2livingA2expenses?A2-A2Ans--20%

WorkersA2compensationA2policiesA2alsoA2includeA2employer'sA2liabilityA2coverage.A2IfA2an
yA2employerA2failsA2toA2maintainA2theA2equipmentA2andA2anA2employeeA2isA2injured,A2woul
dA2itA2beA2coveredA2underA2thisA2coverage?A2-A2Ans--Yes.

FidelityA2bondsA2areA2typicallyA2writtenA2toA2beA2effectiveA2forA2a:A2-A2Ans--
ContinuousA2termA2withoutA2anA2expirationA2date.

OneA2purposeA2ofA2aA2deductibleA2isA2to:A2-A2Ans--EliminateA2smallA2claims.

IfA2theA2insuredA2hasA2failedA2toA2payA2theA2premiumA2forA2aA2workerA2compensationA2poli
cyA2issuedA2inA2NewA2York,A2howA2manyA2daysA2noticeA2ofA2cancellationA2mustA2beA2sent
A2toA2theA2insured?A2-A2Ans--AA210A2dayA2notice.


AA2shipA2ownerA2wantingA2coverageA2inA2caseA2crewA2membersA2bringA2liabilityA2suitsA2for
A2injuriesA2sustainedA2whileA2workingA2wouldA2purchase:A2-A2Ans--
ProtectionA2andA2Indemnity

, UnderA2workersA2compensationA2inA2NewA2York,A2whichA2ofA2theA2followingA2doesA2notA2r
aiseA2theA2premiumA2basedA2onA2itA2beingA2aA2proportionA2ofA2theA2chargedA2premium?A2-
A2Ans--PremiumA2Discount.


WhatA2isA2anA2exampleA2ofA2aA2moralA2hazard?A2-A2Ans--Embezzlement

IfA2anA2insuredA2isA2responsibleA2forA2damagingA2aA2client'sA2millionA2dollarA2shipmentA2of
A2products,A2wouldA2thisA2coverageA2beA2coveredA2byA2theA2commercialA2umbrellaA2liabilit
yA2coverageA2underA2BIA2andA2PDA2coverage?A2-A2Ans--Yes.

AA2homeownerA2withA2personalA2propertyA2insuredA2forA2$60,000A2hadA2aA2fireA2whichA2d
estroyedA2everything.A2TheA2totalA2valueA2ofA2theA2personalA2propertyA2atA2theA2timeA2ofA2t
heA2lossA2wasA2onlyA2$50,000.A2WhatA2principleA2wouldA2beA2violatedA2ifA2herA2insurerA2p
aidA2herA2moreA2thanA2$50,000?A2-A2Ans--PrincipleA2ofA2Indemnity.

WhatA2isA2theA2appropriateA2mannerA2inA2whichA2toA2signA2aA2"releaseA2ofA2allA2claims?"A2-
A2Ans--MustA2useA2fullA2legalA2name.


JaneA2becomesA2injuredA2inA2anA2autoA2accidentA2causedA2whenA2sheA2tookA2herA2eyesA2
offA2theA2roadA2toA2sendA2aA2textA2messageA2onA2herA2cellA2phone.A2ThisA2isA2anA2exampl
eA2ofA2a:A2-A2Ans--MoraleA2Hazard.

TheA2deductibleA2onA2theA2EquipmentA2BreakdownA2formA2canA2beA2statedA2inA2whatA23A2
ways?A2-A2Ans--FixedA2DollarA2Amount,A2TimeA2Deductible,A2andA2PercentageA2ofA2Loss.

AA2carA2hasA2hadA2theA2frontA2sheetA2metalA2replaced.A2TheA2fender-to-
doorA2gapA2isA2widerA2onA2theA2passengerA2sideA2thanA2onA2theA2driverA2sideA2andA2theA2h
oodA2appearsA2outA2ofA2alignment.A2TechnicianA2AA2saysA2thatA2onlyA2theA2hoodA2latchA2is
A2misaligned.A2TechnicianA2BA2saysA2theA2frontA2structureA2ofA2theA2vehicleA2isA2notA2dime
nsionallyA2correct.A2WhoA2isA2right?A2-A2Ans--TechnicianA2BA2only.

AA2tenantA2leasesA2spaceA2inA2aA2building.A2TheA2tenant'sA2spaceA2isA2damagedA2byA2fire.
A2WhenA2willA2theA2commercialA2PropertyA2PolicyA2payA2forA2theA2damage?A2-A2Ans--
WhenA2theA2ownerA2ofA2theA2buildingA2submitsA2proofA2ofA2lossA2forA2theA2damage.

DwellingA2formsA2provideA2whatA2amountA2ofA2coverageA2forA2graveA2markersA2andA2mau
soleums?A2-A2Ans--Nothing.A2HomeownersA2formA2provideA2aA2limitA2ofA2$5,000.

DoesA2aA2flatA2deductibleA2applyA2toA2basicA2scheduledA2dentalA2plans?A2-A2Ans--No.

WithA2cropA2insuranceA2policies,A2theA2coverageA2periodA2isA2usually:A2-A2Ans--
LimitedA2toA2theA2growingA2periodA2forA2theA2particularA2cropA2beingA2insured.

WhatA2doesA2anA2employer'sA2non-ownershipA2coverageA2underA2theA2BAPA2cover?A2-
A2Ans--