NY INDEPENDENT GENERAL ADJUSTER EXAM - SERIES 17-70 Questions and Correct Answers 2024

NY INDEPENDENT GENERAL ADJUSTER EXAM - SERIES 17-70 Questions and Correct Answers 2024 Dram Shop Liability refers to: - Answer -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? - Answer -Neglect. To be eligible for the New York assigned risk auto plan a person must: - Answer -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 Any insurance adjuster whose license has been revoked for cause will not be entitled to apply for any other insurance license in New York until at least: - Answer -One Year. A typical benefit design for a long term care policy does not include a: - Answer -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? - Answer -30 Days. A common carrier is not held liable for the loss of a shipper's goods when the loss results from: - Answer -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? - Answer -Only an insurance regulatory official. When is a passenger first covered under an aircraft policy? - Answer -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? - Answer - $1,000 if the flood is imminent and the property is in danger of flooding. Which Commercial Forms would cover sinkhole collapse? - Answer -Basic, Broad, and Special. ______ is a movement allowed by certain joints of the skeleton that decreases the angle between two adjoining bones. - Answer -Flexion The listing of the perils covered is found in which part of a homeowner policy? - Answer -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? - Answer -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? - Answer -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 an