NY General Adjuster Test (10-
70) fully solved &updated 2024
12/1 - even numbered yrs - answer On what date does an adjuster's license need
to be renewed?
$1,000 - answer What is the amount of bond that must be posted to obtain and
adjuster's license?
Not until hearing held - answer When can the Superintendent of Insurance revoke
an adjuster's license?
a. anytime b. by sending a 30 day notice of the renovation c. not until a hearing is
held d. When proof of offense has been received
Example of unfair claim settlement act - answer Failing to acknowledge within a
reasonable time, communications w/ respect to claims arising out of the insurer's
policies
An ins regulatory official such as Superintendent of Insurance - answer If found
guilty of Fed Insurance fraud, who can permit a guilty individual to return to the
insurance business?
a. federal official b. no one since this is federal offense c.an ins regulatory official
i.e. Super of Ins d. only court of law after proper hearing
To provide some form of compulsory insurance - answer What is the reason for the
NY financial responsibility law?
Is a mandatory coverage - answer In NY must uninsured motorist coverage: a. is
optional b. mandatory c. doesn't require sign off for > limits d. doesn't cover "hit
& run" drivers
The insured's property damage coverage - answer Damage to a rental car is paid
in NY under which of the following coverages: a. insured's physical damage b.
property damage covg c. special endorsement d. must be purchased from rental
agency
, Who must belong to the assigned risk plan? - answer All admitted auto insurers
selling auto insurance in NY
Covers the employer when the employee is using their vehicle on company
business. - answer What does the employer's non-ownership coverage cover?
Covers the employer when the employee is using their vehicle on company
business.
Pain & Suffering - answer Which is not covered under worker's comp coverage?
a. med expenses b. pain & suffering c. loss of wages d. funeral expenses
The court - answer Who makes a declaratory judgment as to the merits of a claim?
a. claims adj b. insurer attorney c. court d. claimants attorney
Vicarious - answer What type of liability does an employer assume through their
employees? a. primary b. contingent c. vicarious d. no fault
The insuring agreement - answer What part of the policy contains the promises
made by the insurance company to the insured? a. conditions clause b. definitions
c. exceptions to exclusions d. insuring agreement
At the time of the loss - answer In property & casualty insurance, when must a
person absolutely have an insurable interest? a. time of app completion b. time of
loss c. at any time d. insuring agreement
Definition of consideration - answer Something that has value in the eyes of the
law in which a promise receives something in return for a promise
Aleatory - answer The promise by one party that is conditioned on a fortuitous
event and the values given by the parties are unequal is called?
a. executory b. aleatory c. speculation d. a static risk
Violent act that is dangerous to human life and property - answer What
constitutes an act of terrorism
70) fully solved &updated 2024
12/1 - even numbered yrs - answer On what date does an adjuster's license need
to be renewed?
$1,000 - answer What is the amount of bond that must be posted to obtain and
adjuster's license?
Not until hearing held - answer When can the Superintendent of Insurance revoke
an adjuster's license?
a. anytime b. by sending a 30 day notice of the renovation c. not until a hearing is
held d. When proof of offense has been received
Example of unfair claim settlement act - answer Failing to acknowledge within a
reasonable time, communications w/ respect to claims arising out of the insurer's
policies
An ins regulatory official such as Superintendent of Insurance - answer If found
guilty of Fed Insurance fraud, who can permit a guilty individual to return to the
insurance business?
a. federal official b. no one since this is federal offense c.an ins regulatory official
i.e. Super of Ins d. only court of law after proper hearing
To provide some form of compulsory insurance - answer What is the reason for the
NY financial responsibility law?
Is a mandatory coverage - answer In NY must uninsured motorist coverage: a. is
optional b. mandatory c. doesn't require sign off for > limits d. doesn't cover "hit
& run" drivers
The insured's property damage coverage - answer Damage to a rental car is paid
in NY under which of the following coverages: a. insured's physical damage b.
property damage covg c. special endorsement d. must be purchased from rental
agency
, Who must belong to the assigned risk plan? - answer All admitted auto insurers
selling auto insurance in NY
Covers the employer when the employee is using their vehicle on company
business. - answer What does the employer's non-ownership coverage cover?
Covers the employer when the employee is using their vehicle on company
business.
Pain & Suffering - answer Which is not covered under worker's comp coverage?
a. med expenses b. pain & suffering c. loss of wages d. funeral expenses
The court - answer Who makes a declaratory judgment as to the merits of a claim?
a. claims adj b. insurer attorney c. court d. claimants attorney
Vicarious - answer What type of liability does an employer assume through their
employees? a. primary b. contingent c. vicarious d. no fault
The insuring agreement - answer What part of the policy contains the promises
made by the insurance company to the insured? a. conditions clause b. definitions
c. exceptions to exclusions d. insuring agreement
At the time of the loss - answer In property & casualty insurance, when must a
person absolutely have an insurable interest? a. time of app completion b. time of
loss c. at any time d. insuring agreement
Definition of consideration - answer Something that has value in the eyes of the
law in which a promise receives something in return for a promise
Aleatory - answer The promise by one party that is conditioned on a fortuitous
event and the values given by the parties are unequal is called?
a. executory b. aleatory c. speculation d. a static risk
Violent act that is dangerous to human life and property - answer What
constitutes an act of terrorism
