Complete;(NY)New York Adjuster
Exam/insurance pretest/State General
Adjuster 17-70 Questions with Correct
Answers (Download 100 out of 100)
A non-waiver agreement would allow the insurance company to do which of the following? -
Answer -Investigate the loss without verifying that the loss is covered is correct.
A person who violates a cease and desist order issued by the Superintendent of Insurance is subject to a
penalty of up to _____ for each violation. - Answer -$5,000
A professional liability policy can be: - Answer -Purchased separately for an additional premium
A ship has negligently collided with another ship and caused severe damage. What coverage would apply
to cover this claim? - Answer -Hull insurance with the "running down clause
All of the following statements are false regarding an insured's right to cancel an automobile policy,
EXCEPT: - Answer -The named insured may cancel an auto policy at any time. is correct.
All of the following statements regarding the Motor Carrier Act of 1980 are correct, except:
The Motor Carrier Act applies to liability only. The MCS-90 form is used to indicate that the vehicle in
question has coverage including pollution liability for specifies limits being defined by what is being
hauled.
Answer Choices: Select the Correct Answer
It requires truckers to certify that they are able to meet financial obligations arising from liabilities of
their trucking operations.
Commercial Inland Marine Motor Truck Cargo insurance is used to cover the liability for hauled cargo.
The MCS-90 endorsement must be attached to a truckers policy to show that insurance is being used as
proof of financial responsibility.
It requires truckers to certify that they are able to meet financial obligations arising from physical
damages of their trucking operations. - Answer -It requires truckers to certify that they are able to
meet financial obligations arising from physical damages of their trucking operations. .
An insured has an occurrence-type CGL policy with a $100,000 aggregate limit and a $25,000 per
occurrence limit. The insured had one occurrence settled for $35,000 and a second occurrence, which
took place during the same policy period, was settled for $20,000. If a third occurrence took place in this
, same term, what is the maximum amount the insurer would be obligated to pay as damages? -
Answer -Explanation:
The policy can only pay up to its per occurrence limit on any one occurrence. The insurer will pay
$25,000 for the first occurrence, and will pay all of the $20,000 settlement for the second occurrence.
The aggregate limit has thus been reduced by a total of $45,000, leaving just $55,000 for any other
occurrences during that policy period.
If an employer does not qualify to obtain Workers Compensation by self insuring or purchasing coverage
from a private insurer, where may coverage be purchased? - Answer -The State Insurance Fund
(SIF)
If an insured wishes to cover the mobile home while it is being transported from one location to another
would: - Answer -Purchase the Mobile Home Transportation Coverage Endorsement on the
homeowner policy
If Smith Construction Company does not properly protect a job site, the public could be injured. This is
an example of: - Answer -Negligence
In crime insurance, which of the following individuals is NOT considered to be a custodian? -
Answer -Janitor
In every state, some employees or employments are exempt from workers compensation laws. Which of
the following is most true about workers compensation benefits to these employees? - Answer -
Coverage may be made available voluntarily by the employe
Liability without fault - Answer -12.5%.
Medical payments coverage under the farmowner policy covers which of the following? - Answer -
Medical payments coverage under the farmowner policy covers which of the following?
Offering any return of premium, valuable consideration or inducement when purchasing an insurance
policy is an example of: - Answer -I. Illegal Inducement
II. Rebating
Once the adjuster is appointed by the insurer to represent the insurer, the adjuster has the power to do
all of the following, EXCEPT: - Answer -Bind additional coverage.
Property damage to the dwelling and other structures by pranksters is typically covered under the peril
of: - Answer -Property damage to the dwelling and other structures by pranksters is typically
covered under the peril of:
Question:
According to the BAP definition, which of the following are "accidents"?
Exam/insurance pretest/State General
Adjuster 17-70 Questions with Correct
Answers (Download 100 out of 100)
A non-waiver agreement would allow the insurance company to do which of the following? -
Answer -Investigate the loss without verifying that the loss is covered is correct.
A person who violates a cease and desist order issued by the Superintendent of Insurance is subject to a
penalty of up to _____ for each violation. - Answer -$5,000
A professional liability policy can be: - Answer -Purchased separately for an additional premium
A ship has negligently collided with another ship and caused severe damage. What coverage would apply
to cover this claim? - Answer -Hull insurance with the "running down clause
All of the following statements are false regarding an insured's right to cancel an automobile policy,
EXCEPT: - Answer -The named insured may cancel an auto policy at any time. is correct.
All of the following statements regarding the Motor Carrier Act of 1980 are correct, except:
The Motor Carrier Act applies to liability only. The MCS-90 form is used to indicate that the vehicle in
question has coverage including pollution liability for specifies limits being defined by what is being
hauled.
Answer Choices: Select the Correct Answer
It requires truckers to certify that they are able to meet financial obligations arising from liabilities of
their trucking operations.
Commercial Inland Marine Motor Truck Cargo insurance is used to cover the liability for hauled cargo.
The MCS-90 endorsement must be attached to a truckers policy to show that insurance is being used as
proof of financial responsibility.
It requires truckers to certify that they are able to meet financial obligations arising from physical
damages of their trucking operations. - Answer -It requires truckers to certify that they are able to
meet financial obligations arising from physical damages of their trucking operations. .
An insured has an occurrence-type CGL policy with a $100,000 aggregate limit and a $25,000 per
occurrence limit. The insured had one occurrence settled for $35,000 and a second occurrence, which
took place during the same policy period, was settled for $20,000. If a third occurrence took place in this
, same term, what is the maximum amount the insurer would be obligated to pay as damages? -
Answer -Explanation:
The policy can only pay up to its per occurrence limit on any one occurrence. The insurer will pay
$25,000 for the first occurrence, and will pay all of the $20,000 settlement for the second occurrence.
The aggregate limit has thus been reduced by a total of $45,000, leaving just $55,000 for any other
occurrences during that policy period.
If an employer does not qualify to obtain Workers Compensation by self insuring or purchasing coverage
from a private insurer, where may coverage be purchased? - Answer -The State Insurance Fund
(SIF)
If an insured wishes to cover the mobile home while it is being transported from one location to another
would: - Answer -Purchase the Mobile Home Transportation Coverage Endorsement on the
homeowner policy
If Smith Construction Company does not properly protect a job site, the public could be injured. This is
an example of: - Answer -Negligence
In crime insurance, which of the following individuals is NOT considered to be a custodian? -
Answer -Janitor
In every state, some employees or employments are exempt from workers compensation laws. Which of
the following is most true about workers compensation benefits to these employees? - Answer -
Coverage may be made available voluntarily by the employe
Liability without fault - Answer -12.5%.
Medical payments coverage under the farmowner policy covers which of the following? - Answer -
Medical payments coverage under the farmowner policy covers which of the following?
Offering any return of premium, valuable consideration or inducement when purchasing an insurance
policy is an example of: - Answer -I. Illegal Inducement
II. Rebating
Once the adjuster is appointed by the insurer to represent the insurer, the adjuster has the power to do
all of the following, EXCEPT: - Answer -Bind additional coverage.
Property damage to the dwelling and other structures by pranksters is typically covered under the peril
of: - Answer -Property damage to the dwelling and other structures by pranksters is typically
covered under the peril of:
Question:
According to the BAP definition, which of the following are "accidents"?
