MMM
New York State General Adjuster 17-70
Saved
Students also studied
Flashcard sets Study guides
rpb 102 epic EXAM Questions & Ans... CEHRS - Certified Electronic Health... AAPC CPB FINAL EX
61 terms Teacher 128 terms Teacher 205 terms
boo456ty Preview Panthercreative Preview Lizz_Ngatia
Terms in this set (799)
An employee has been asked to Employers non-ownership coverage. This coverage protects the
use his own personal vehicle to employer and not the employee. The employee is covered under
perform certain tasks on behalf his own PAP policy.
of his employer. What coverage
is used under the business auto
policy to protect the employer
for lawsuits when the employee
has an accident that causes
legal action against the
employer?
Replacement without deduction for depreciation.With
Replacement cost coverage is replacement cost coverage, the insured is permitted to replace
best defined as: old with new at today's cost without a deduction for
depreciation.
Which of the following would be 1) All post-judgment interest in a suit defended by the insurer.
considered a "supplementary Supplementary payments do not include physical damages, nor
payment" coverage under a personal expenses of employees. The bail bonds would be
business auto policy? 1)All post- covered except that Mexico is outside the coverage area.
judgment interest in a suit
defended by the insurer
2)Payment for an insured
employee's truck being used by
the employee on a business-
related trip 3)Costs for a private
investigator hired by an
employee to prove he was not
involved in a hit and run
accident of which he has been
accused 4)Up to $2,000 for the
cost of bail bonds for an
employee involved in an
accident while he was on a trip
to Mexico that he won for
exceeding sales goals set by the
company
Which of the following 4) None of the policies cover these acts.
professional liability policies
would cover a dishonest,
fraudulent or criminal act of the
manager of a LLC?
1)Fiduciary Liability
2)Malpractice Liability
3)Errors and Omissions
4)None of the policies cover
these acts
,When securing a recorded 4 All responses listed are correct. The adjuster must identify him
statement over the telephone, or herself, state the date and time and get permission to record
an adjuster must: the statement.
1 Identify him or herself.
2 Advise he or she would like to
record the statement and
request and receive permission
to do so.
3 State the time and date.
4 All responses listed are
correct.
Uninsured Motorist coverage Both I and II is correct.
includes the named insured's: Coverage C (Uninsured Motorists) provides for payments to or
I. Medical bills and pain and on behalf of the named insured for injuries sustained through the
suffering. negligence of an uninsured driver.
II. Lost wages.
$25 per day for one year.
Basic economic loss benefits will provide up to $25 per day for
Substitute services will provide:
substitute services for a maximum of one year if the injured party
is not gainfully employed.
Which of the following is not a Denying a claim that is not covered is not a violation.
violation of the Unfair Trade
Practices Act?
1 Not attempting in good faith to
settle claims
2 Denying an uncovered claim
3 Failing to promptly settle
claims under one portion of
coverage in order to influence
settlements under other
portions of coverage
4 Not setting forth the coverage
under which a claim payment is
being made
In case of a total loss in an I, II and III depending on the circumstances
automobile accident, the All the responses listed can be options in settling a total loss
adjuster can do the insured claim.
which of the following?
I. Pay cost to replace the vehicle
with like kind and quality if the
vehicle is a current year model.
II. Use the most recent
publication of an "Official Used
Car Guide."
III. If not listed in the "Guide,"
obtain quotations from local
automobile dealers.
Personal umbrella liability 2 Serving as an officer or director of a nonprofit corporation or
policies usually cover liability as association..
a result of:
1 Performing a professional Coverage is included while serving as an officer or director of a
service. nonprofit corporation or association.
2 Serving as an officer or
director of a nonprofit
corporation or association.
3 For a work related activity
4 None of the activities are
covered
,The Now Company carries a 2 $400,000
special BOP policy with a
liability limit of $500,000. The BOP policies provide a single limit of liability. Both bodily injury
company is involved in an and property damage coverage is provided. Since the amounts
accident causing $200,000 for bodily injury and property damage combined do not exceed
bodily injury damage and the 500,000 occurrence limit, the total amount of the claim
$200,000 property damage. The would be covered.
total amount collectible under
the policy is:
1 $500,000
2 $400,000
3 $200,000
4 $100,000
A tram, tape and centering 2 Technician B only
gauges are being used to quick
reference a unibody vehicle. Technician B is correct. Centering gauges use centering pins to
Technician A says the tram locate centerline. A tram is used to make point-to-point
gauge is used to determine measurements.
vehicle centerline. Technician B
says that centering gauges
should be used to determine
vehicle centerline. Who is right?
1 Technician A only
2 Technician B only
3 Both technicians are correct
4 Neither technician is correct
The maximum payable for 3 The correct answer is: $1000.
damage or loss to signs
attached to the building Damage or loss to a sign attached to the building is limited to
covered under a BOP is: $1000 even though it is attached to the building and considered
1 $2500 part of the building.
2 The building limit since it's
attached to the building
3 $1000
4 $5000
Which of the following basic 3 Survivor benefits
workers compensation benefits
compensates a widow or other Survivor benefits compensate a widow or other dependent
dependent family members of family members.
an employee whose death
results from a work-related
injury?
1 Disability income benefits
2 Medical benefits
3 Survivor benefits
4 Rehabilitation benefits
Lawful economic interest in the 1 Insurable Interest
preservation of the subject of
insurance, free from loss or This is the definition of insurable interest. In property and
destruction or monetary casualty insurance, insurable interest must exist at the time of the
impairment is the definition of: loss.
1 Insurable Interest
2 Right of Ownership
3 An Amendatory Endorsement
4 Contractual Obligation
In a property loss the insured is Repair the property within 20 days of notifying the insurer.
required to do all of the The insured should not repair the property until agreed upon by
following, EXCEPT: the insurer.
The prefix "neo" refers to: 2 New
1 Old.
2 New. "Neo" refers to something that is new.
3 Flat. neo-: new or recent, or in a modern form:
4 After.
, If a commercial building has 4 All of the perils are affected
been vacant for more than sixty
days, which of the perils are All of the perils listed are affected as a result of the vacancy.
affected as regards coverage? Some of the coverage for certain perils is voided and fire losses
1 Vandalism are reduced by 15%.
2 Freezing
3 Fire
4 All of the perils are affected
Automobile Medical Payments 1 The insured as an occupant of a car, an occupant of the insured
covers: vehicle and the insured as a pedestrian when hit by a car.
1 The insured as an occupant of
a car, an occupant of the insured It also covers any family member. In addition, any other person
vehicle and the insured as a while occupying the insured's covered auto.
pedestrian when hit by a car.
2 The insured as an occupant of
a car only.
3 An occupant of the insured
vehicle only.
4 The insured as a pedestrian
only.
$100,000,000
The Act covers losses from a certified terrorism act that exceed
$100,000,000 (the trigger) in the aggregate. The Federal
The Federal Terrorism Act
Terrorism Act was amended in 2007 to this limit. The Act has was
covers property and casualty
further amended and extended 2015. The trigger remains the
losses that exceed ______in the
same, but will increase each year by $20 million starting in 2016.
aggregate.
Please refer to your testing vendor outline to determine if it is
testing on the prevous amendment or if it is testing on the 2015
extension of the Act. The answer to this question is correct for
either year.
All the following are the 4 Facilitate the repairs to the vehicle and submit the invoice to
insured's duties after a loss in the insurer..
regards to the physical damage
coverage of the policy, EXCEPT: The insured is not permitted to make repairs on the vehicle until
1 Take reasonable steps after the after the vehicle has been inspected and/or appraised and an
loss to protect the property agreement as to the damages has been reached with the insurer.
from further damage
2 Promptly notify the police if
the vehicle is stolen
3 Allow the insurer to inspect
and appraise the damaged
property
4 Facilitate the repairs to the
vehicle and submit the invoice to
the insurer.
The insured carries a The insurer can cancel the policy. .
Businessowners Policy (BOP). If
the premises become 69% or The insurance company can cancel the policy if the risk is 69% or
more vacant, what can the more vacant.
insurer do?
The insurer can cancel the
policy.
The insurer can non-renew the
policy.
The insurer can restrict
coverage.
The insurer can reduce
coverage.
How many years must a business Three years
be operational in New York
before it can qualify as a self- A company must be in business for at least three years before it
insurer for workers can make application with the state to become a qualified self-
compensation? insurer.
1 Three years.
2 Four years.
3 Five years.
4 Two years.
New York State General Adjuster 17-70
Saved
Students also studied
Flashcard sets Study guides
rpb 102 epic EXAM Questions & Ans... CEHRS - Certified Electronic Health... AAPC CPB FINAL EX
61 terms Teacher 128 terms Teacher 205 terms
boo456ty Preview Panthercreative Preview Lizz_Ngatia
Terms in this set (799)
An employee has been asked to Employers non-ownership coverage. This coverage protects the
use his own personal vehicle to employer and not the employee. The employee is covered under
perform certain tasks on behalf his own PAP policy.
of his employer. What coverage
is used under the business auto
policy to protect the employer
for lawsuits when the employee
has an accident that causes
legal action against the
employer?
Replacement without deduction for depreciation.With
Replacement cost coverage is replacement cost coverage, the insured is permitted to replace
best defined as: old with new at today's cost without a deduction for
depreciation.
Which of the following would be 1) All post-judgment interest in a suit defended by the insurer.
considered a "supplementary Supplementary payments do not include physical damages, nor
payment" coverage under a personal expenses of employees. The bail bonds would be
business auto policy? 1)All post- covered except that Mexico is outside the coverage area.
judgment interest in a suit
defended by the insurer
2)Payment for an insured
employee's truck being used by
the employee on a business-
related trip 3)Costs for a private
investigator hired by an
employee to prove he was not
involved in a hit and run
accident of which he has been
accused 4)Up to $2,000 for the
cost of bail bonds for an
employee involved in an
accident while he was on a trip
to Mexico that he won for
exceeding sales goals set by the
company
Which of the following 4) None of the policies cover these acts.
professional liability policies
would cover a dishonest,
fraudulent or criminal act of the
manager of a LLC?
1)Fiduciary Liability
2)Malpractice Liability
3)Errors and Omissions
4)None of the policies cover
these acts
,When securing a recorded 4 All responses listed are correct. The adjuster must identify him
statement over the telephone, or herself, state the date and time and get permission to record
an adjuster must: the statement.
1 Identify him or herself.
2 Advise he or she would like to
record the statement and
request and receive permission
to do so.
3 State the time and date.
4 All responses listed are
correct.
Uninsured Motorist coverage Both I and II is correct.
includes the named insured's: Coverage C (Uninsured Motorists) provides for payments to or
I. Medical bills and pain and on behalf of the named insured for injuries sustained through the
suffering. negligence of an uninsured driver.
II. Lost wages.
$25 per day for one year.
Basic economic loss benefits will provide up to $25 per day for
Substitute services will provide:
substitute services for a maximum of one year if the injured party
is not gainfully employed.
Which of the following is not a Denying a claim that is not covered is not a violation.
violation of the Unfair Trade
Practices Act?
1 Not attempting in good faith to
settle claims
2 Denying an uncovered claim
3 Failing to promptly settle
claims under one portion of
coverage in order to influence
settlements under other
portions of coverage
4 Not setting forth the coverage
under which a claim payment is
being made
In case of a total loss in an I, II and III depending on the circumstances
automobile accident, the All the responses listed can be options in settling a total loss
adjuster can do the insured claim.
which of the following?
I. Pay cost to replace the vehicle
with like kind and quality if the
vehicle is a current year model.
II. Use the most recent
publication of an "Official Used
Car Guide."
III. If not listed in the "Guide,"
obtain quotations from local
automobile dealers.
Personal umbrella liability 2 Serving as an officer or director of a nonprofit corporation or
policies usually cover liability as association..
a result of:
1 Performing a professional Coverage is included while serving as an officer or director of a
service. nonprofit corporation or association.
2 Serving as an officer or
director of a nonprofit
corporation or association.
3 For a work related activity
4 None of the activities are
covered
,The Now Company carries a 2 $400,000
special BOP policy with a
liability limit of $500,000. The BOP policies provide a single limit of liability. Both bodily injury
company is involved in an and property damage coverage is provided. Since the amounts
accident causing $200,000 for bodily injury and property damage combined do not exceed
bodily injury damage and the 500,000 occurrence limit, the total amount of the claim
$200,000 property damage. The would be covered.
total amount collectible under
the policy is:
1 $500,000
2 $400,000
3 $200,000
4 $100,000
A tram, tape and centering 2 Technician B only
gauges are being used to quick
reference a unibody vehicle. Technician B is correct. Centering gauges use centering pins to
Technician A says the tram locate centerline. A tram is used to make point-to-point
gauge is used to determine measurements.
vehicle centerline. Technician B
says that centering gauges
should be used to determine
vehicle centerline. Who is right?
1 Technician A only
2 Technician B only
3 Both technicians are correct
4 Neither technician is correct
The maximum payable for 3 The correct answer is: $1000.
damage or loss to signs
attached to the building Damage or loss to a sign attached to the building is limited to
covered under a BOP is: $1000 even though it is attached to the building and considered
1 $2500 part of the building.
2 The building limit since it's
attached to the building
3 $1000
4 $5000
Which of the following basic 3 Survivor benefits
workers compensation benefits
compensates a widow or other Survivor benefits compensate a widow or other dependent
dependent family members of family members.
an employee whose death
results from a work-related
injury?
1 Disability income benefits
2 Medical benefits
3 Survivor benefits
4 Rehabilitation benefits
Lawful economic interest in the 1 Insurable Interest
preservation of the subject of
insurance, free from loss or This is the definition of insurable interest. In property and
destruction or monetary casualty insurance, insurable interest must exist at the time of the
impairment is the definition of: loss.
1 Insurable Interest
2 Right of Ownership
3 An Amendatory Endorsement
4 Contractual Obligation
In a property loss the insured is Repair the property within 20 days of notifying the insurer.
required to do all of the The insured should not repair the property until agreed upon by
following, EXCEPT: the insurer.
The prefix "neo" refers to: 2 New
1 Old.
2 New. "Neo" refers to something that is new.
3 Flat. neo-: new or recent, or in a modern form:
4 After.
, If a commercial building has 4 All of the perils are affected
been vacant for more than sixty
days, which of the perils are All of the perils listed are affected as a result of the vacancy.
affected as regards coverage? Some of the coverage for certain perils is voided and fire losses
1 Vandalism are reduced by 15%.
2 Freezing
3 Fire
4 All of the perils are affected
Automobile Medical Payments 1 The insured as an occupant of a car, an occupant of the insured
covers: vehicle and the insured as a pedestrian when hit by a car.
1 The insured as an occupant of
a car, an occupant of the insured It also covers any family member. In addition, any other person
vehicle and the insured as a while occupying the insured's covered auto.
pedestrian when hit by a car.
2 The insured as an occupant of
a car only.
3 An occupant of the insured
vehicle only.
4 The insured as a pedestrian
only.
$100,000,000
The Act covers losses from a certified terrorism act that exceed
$100,000,000 (the trigger) in the aggregate. The Federal
The Federal Terrorism Act
Terrorism Act was amended in 2007 to this limit. The Act has was
covers property and casualty
further amended and extended 2015. The trigger remains the
losses that exceed ______in the
same, but will increase each year by $20 million starting in 2016.
aggregate.
Please refer to your testing vendor outline to determine if it is
testing on the prevous amendment or if it is testing on the 2015
extension of the Act. The answer to this question is correct for
either year.
All the following are the 4 Facilitate the repairs to the vehicle and submit the invoice to
insured's duties after a loss in the insurer..
regards to the physical damage
coverage of the policy, EXCEPT: The insured is not permitted to make repairs on the vehicle until
1 Take reasonable steps after the after the vehicle has been inspected and/or appraised and an
loss to protect the property agreement as to the damages has been reached with the insurer.
from further damage
2 Promptly notify the police if
the vehicle is stolen
3 Allow the insurer to inspect
and appraise the damaged
property
4 Facilitate the repairs to the
vehicle and submit the invoice to
the insurer.
The insured carries a The insurer can cancel the policy. .
Businessowners Policy (BOP). If
the premises become 69% or The insurance company can cancel the policy if the risk is 69% or
more vacant, what can the more vacant.
insurer do?
The insurer can cancel the
policy.
The insurer can non-renew the
policy.
The insurer can restrict
coverage.
The insurer can reduce
coverage.
How many years must a business Three years
be operational in New York
before it can qualify as a self- A company must be in business for at least three years before it
insurer for workers can make application with the state to become a qualified self-
compensation? insurer.
1 Three years.
2 Four years.
3 Five years.
4 Two years.
