NY Independent General Adjuster Exam -
Series 17-70
______ is a movement allowed by certain joints of the skeleton that decreases the angle
between two adjoining bones. - ANS-Flexion
A "residual disability benefit" provides an income benefit if an insured: - ANS-becomes
residually disabled..
A business auto policy has a $100,000 limit of insurance for liability coverage. As a result of an
automobile accident involving a covered auto, two people are injured. The first injured party
sues the named insured and wins a $150,000 judgment. The insurer pays its limit of insurance.
If the other injured party later sues the insured, the insurer will: - ANS-Deny further obligations
to the insured as a result of the other injured party..
A car has had the front sheet metal replaced. The fender-to-door gap is wider on the passenger
side than on the driver side and the hood appears out of alignment. Technician A says that only
the hood latch is misaligned. Technician B says the front structure of the vehicle is not
dimensionally correct. Who is right? - ANS-Technician B only.
A commercial inland marine condition defining the insurer's subrogation rights: -
ANS-Guarantees the insurer's ability to recover from a third party who is responsible for a
covered loss..
A common carrier is not held liable for the loss of a shipper's goods when the loss results from: -
ANS-An Act of God.
A company has been hired to determine the extent of pollution damage and recommend
methods of its removal. However, it fails to identify some of the pollutants. What coverage might
this company need to cover their liability exposures? - ANS-Environmental Errors and
Omissions Coverage.
A contract between a public adjuster and an insured must be: - ANS-In Written Form.
A customer has eaten seafood in a restaurant and became very ill. What type of CGL claim is
this? - ANS-Premises Liability.
A homeowner with personal property insured for $60,000 had a fire which destroyed everything.
The total value of the personal property at the time of the loss was only $50,000. What principle
would be violated if her insurer paid her more than $50,000? - ANS-Principle of Indemnity.
A licensee must report to the Superintendent of Insurance any administrative action taken
against the licensee in another jurisdiction or by another governmental agency in this state
within _____ of the final disposition of the matter. - ANS-30 Days.
A ship owner wanting coverage in case crew members bring liability suits for injuries sustained
while working would purchase: - ANS-Protection and Indemnity
A sudden and unexpected event is known as: - ANS-An Accident.
, A tenant leases space in a building. The tenant's space is damaged by fire. When will the
commercial Property Policy pay for the damage? - ANS-When the owner of the building submits
proof of loss for the damage.
A trailer leased by the named insured from another business is a covered auto under the
insured's BAP. While the trailer is connected to a covered truck-tractor owned by the insured,
the BAP provides: - ANS-Primarily liability coverage on the trailer.
A typical benefit design for a long term care policy does not include a: - ANS-Conditionally or
optionally renewability feature.
A typical directors and officers liability policy does not cover: - ANS-The corporation for suits
brought against it because of the actions of the officers and directors.
A written modification of an insurance policy is known as: - ANS-Endorsement
According to the commercial auto policy definitions, an "accident": - ANS-Includes continuous or
repeated exposure to the same conditions.
After receiving an inquiry from the Insurance Department regarding a claim, an insurer must
respond within: - ANS-10 days.
An automobile is polluting the environment. What engine component could be the primary
cause? - ANS-Catalytic Converter Malfunction.
An employee has been asked to use his own personal vehicle to perform certain tasks on behalf
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?
- ANS-Employers non-ownership coverage.
An employee suffered a severe injury while operating a piece of machinery known to be in need
of repair. Unfamiliar with the workers compensation law, the spouse sued the employer, claiming
loss of consortium. What coverage if any in a standard workers compensation policy would
respond to this lawsuit? - ANS-Employer's Liability Coverage.
An insurance broker is a person who represents: - ANS-An insured or prospective insured..
An insurance policy is issued as a policy having two unequal parts, the liability assumed by the
insurer and the premium paid by the insured. Therefore, an insurance policy is referred to as: -
ANS-An aleatory contract.
An insured has a $2 million limit of insurance under a personal umbrella liability policy with a
$2,000 self-insured retention limit. The insured is sued for $1 million in personal injury damages
and $1.5 million in property damages arising from the same occurrence. The insured's
underlying liability policies do not cover the damages. In this case, the umbrella policy will pay: -
ANS-$1,998,000 of the damages. Since the underlying coverage does not apply the insured
must pay the $2,000 self-retained limit and the umbrella insurer must pay the rest of the claim.
An insured has purchased a personal watercraft policy with liability limits of $300,000 and
medical coverage in the amount of $5,000. The boat accidentally tips over and both the insured
and a friend are injured. Who would be covered under the medical payments coverage? -
ANS-The insured and the friend.
An insured has received actual cash value payment from the adjuster for a covered loss. At the
time he is satisfied with the payment. He later changes his mind and wants the full replacement
value. How many days does he have to submit the receipts to get the replacement cost
payment under a HO-3 form? - ANS-180 days.
Series 17-70
______ is a movement allowed by certain joints of the skeleton that decreases the angle
between two adjoining bones. - ANS-Flexion
A "residual disability benefit" provides an income benefit if an insured: - ANS-becomes
residually disabled..
A business auto policy has a $100,000 limit of insurance for liability coverage. As a result of an
automobile accident involving a covered auto, two people are injured. The first injured party
sues the named insured and wins a $150,000 judgment. The insurer pays its limit of insurance.
If the other injured party later sues the insured, the insurer will: - ANS-Deny further obligations
to the insured as a result of the other injured party..
A car has had the front sheet metal replaced. The fender-to-door gap is wider on the passenger
side than on the driver side and the hood appears out of alignment. Technician A says that only
the hood latch is misaligned. Technician B says the front structure of the vehicle is not
dimensionally correct. Who is right? - ANS-Technician B only.
A commercial inland marine condition defining the insurer's subrogation rights: -
ANS-Guarantees the insurer's ability to recover from a third party who is responsible for a
covered loss..
A common carrier is not held liable for the loss of a shipper's goods when the loss results from: -
ANS-An Act of God.
A company has been hired to determine the extent of pollution damage and recommend
methods of its removal. However, it fails to identify some of the pollutants. What coverage might
this company need to cover their liability exposures? - ANS-Environmental Errors and
Omissions Coverage.
A contract between a public adjuster and an insured must be: - ANS-In Written Form.
A customer has eaten seafood in a restaurant and became very ill. What type of CGL claim is
this? - ANS-Premises Liability.
A homeowner with personal property insured for $60,000 had a fire which destroyed everything.
The total value of the personal property at the time of the loss was only $50,000. What principle
would be violated if her insurer paid her more than $50,000? - ANS-Principle of Indemnity.
A licensee must report to the Superintendent of Insurance any administrative action taken
against the licensee in another jurisdiction or by another governmental agency in this state
within _____ of the final disposition of the matter. - ANS-30 Days.
A ship owner wanting coverage in case crew members bring liability suits for injuries sustained
while working would purchase: - ANS-Protection and Indemnity
A sudden and unexpected event is known as: - ANS-An Accident.
, A tenant leases space in a building. The tenant's space is damaged by fire. When will the
commercial Property Policy pay for the damage? - ANS-When the owner of the building submits
proof of loss for the damage.
A trailer leased by the named insured from another business is a covered auto under the
insured's BAP. While the trailer is connected to a covered truck-tractor owned by the insured,
the BAP provides: - ANS-Primarily liability coverage on the trailer.
A typical benefit design for a long term care policy does not include a: - ANS-Conditionally or
optionally renewability feature.
A typical directors and officers liability policy does not cover: - ANS-The corporation for suits
brought against it because of the actions of the officers and directors.
A written modification of an insurance policy is known as: - ANS-Endorsement
According to the commercial auto policy definitions, an "accident": - ANS-Includes continuous or
repeated exposure to the same conditions.
After receiving an inquiry from the Insurance Department regarding a claim, an insurer must
respond within: - ANS-10 days.
An automobile is polluting the environment. What engine component could be the primary
cause? - ANS-Catalytic Converter Malfunction.
An employee has been asked to use his own personal vehicle to perform certain tasks on behalf
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?
- ANS-Employers non-ownership coverage.
An employee suffered a severe injury while operating a piece of machinery known to be in need
of repair. Unfamiliar with the workers compensation law, the spouse sued the employer, claiming
loss of consortium. What coverage if any in a standard workers compensation policy would
respond to this lawsuit? - ANS-Employer's Liability Coverage.
An insurance broker is a person who represents: - ANS-An insured or prospective insured..
An insurance policy is issued as a policy having two unequal parts, the liability assumed by the
insurer and the premium paid by the insured. Therefore, an insurance policy is referred to as: -
ANS-An aleatory contract.
An insured has a $2 million limit of insurance under a personal umbrella liability policy with a
$2,000 self-insured retention limit. The insured is sued for $1 million in personal injury damages
and $1.5 million in property damages arising from the same occurrence. The insured's
underlying liability policies do not cover the damages. In this case, the umbrella policy will pay: -
ANS-$1,998,000 of the damages. Since the underlying coverage does not apply the insured
must pay the $2,000 self-retained limit and the umbrella insurer must pay the rest of the claim.
An insured has purchased a personal watercraft policy with liability limits of $300,000 and
medical coverage in the amount of $5,000. The boat accidentally tips over and both the insured
and a friend are injured. Who would be covered under the medical payments coverage? -
ANS-The insured and the friend.
An insured has received actual cash value payment from the adjuster for a covered loss. At the
time he is satisfied with the payment. He later changes his mind and wants the full replacement
value. How many days does he have to submit the receipts to get the replacement cost
payment under a HO-3 form? - ANS-180 days.
