NY Independent General Adjuster
Practice Exam Questions Fully Solved.
Which of the following is covered by a dread disease policy? - Answer illnesses that do not occur
frequently but incur significant costs when they do occur
Which of the following professionals would purchase Directors and Officers (D &O) insurance to manage
the liability risk associated with their activities? - Answer chief executive officer
For the commercial general liability coverages of bodily injury, property damage and medical payments,
which of the following limits of insurance apply if the aggregate limit is NOT met? - Answer per
occurrence
An injured employee covered under workers' compensation is entitled to reasonably justifiable expenses
for retraining. This benefit falls under which of the following? - Answer vocational rehabilitation
Which of the following is the party who agrees to be responsible for loss in the case of a fidelity bond? -
Answer the surety
What increases the potential loss of an unforeseen event that causes injury to an insured or damage to
property? - Answer Hazard
Which of the following sides represent the front surface of the patient? - Answer anterior
Which party is required to provide proof of loss to establish entitlement? - Answer the insured
What does homeowners Coverage B - Other Structures cover? - Answer structures located on the
insured's property separated from the dwelling by clear space
Which of the following is a duty of the insured after a loss? - Answer minimizing further loss
, When an agent tries to convince a policyholder to replace an existing policy to buy another one, what
are they practicing? - Answer misrepresentation
How long is the broad theft coverage endorsement invalid if the property is vacant? - Answer More
than 60 consecutive days
The insured is mowing his lawn when a stranger is noticed in the backyard. The stranger claims to be a
substitute delivery person. Several days later a gold watch can not be found. Which of the following
describes the loss? - Answer mysterious disappearance
Before taking legal action, what third-party can help end disputes over the value of a loss? - Answer
arbitrator
The Liability section of the Farmowners Policy would exclude coverage for which of the following
operations? - Answer Repairing tractors owned by neighboring farmers.
All of the following are tax qualified retirement plans EXCEPT - Answer Section 529 plan.
Which policy condition encourages policyholder to insure to at least 80% of replacement value to avoid a
penalty with partial losses? - Answer coinsurance
Which one of the following represents an advantage of obtaining a policy loan vesus a withdrawal? -
Answer the loan is not taxed while a withdrawal is taxed for amounts above the contract cost basis
A Basic Hospital Policy pays expenses for - Answer hospital room and board.
Which type of bond specifically protects against dishonesty by employees whose names or positions are
listed in the policy? - Answer scheduled
Exclusions common to liability coverage for both the personal auto policy and the business auto policy
include all of the following EXCEPT - Answer for liability arising while the insured auto is being used in
an auto business.
Practice Exam Questions Fully Solved.
Which of the following is covered by a dread disease policy? - Answer illnesses that do not occur
frequently but incur significant costs when they do occur
Which of the following professionals would purchase Directors and Officers (D &O) insurance to manage
the liability risk associated with their activities? - Answer chief executive officer
For the commercial general liability coverages of bodily injury, property damage and medical payments,
which of the following limits of insurance apply if the aggregate limit is NOT met? - Answer per
occurrence
An injured employee covered under workers' compensation is entitled to reasonably justifiable expenses
for retraining. This benefit falls under which of the following? - Answer vocational rehabilitation
Which of the following is the party who agrees to be responsible for loss in the case of a fidelity bond? -
Answer the surety
What increases the potential loss of an unforeseen event that causes injury to an insured or damage to
property? - Answer Hazard
Which of the following sides represent the front surface of the patient? - Answer anterior
Which party is required to provide proof of loss to establish entitlement? - Answer the insured
What does homeowners Coverage B - Other Structures cover? - Answer structures located on the
insured's property separated from the dwelling by clear space
Which of the following is a duty of the insured after a loss? - Answer minimizing further loss
, When an agent tries to convince a policyholder to replace an existing policy to buy another one, what
are they practicing? - Answer misrepresentation
How long is the broad theft coverage endorsement invalid if the property is vacant? - Answer More
than 60 consecutive days
The insured is mowing his lawn when a stranger is noticed in the backyard. The stranger claims to be a
substitute delivery person. Several days later a gold watch can not be found. Which of the following
describes the loss? - Answer mysterious disappearance
Before taking legal action, what third-party can help end disputes over the value of a loss? - Answer
arbitrator
The Liability section of the Farmowners Policy would exclude coverage for which of the following
operations? - Answer Repairing tractors owned by neighboring farmers.
All of the following are tax qualified retirement plans EXCEPT - Answer Section 529 plan.
Which policy condition encourages policyholder to insure to at least 80% of replacement value to avoid a
penalty with partial losses? - Answer coinsurance
Which one of the following represents an advantage of obtaining a policy loan vesus a withdrawal? -
Answer the loan is not taxed while a withdrawal is taxed for amounts above the contract cost basis
A Basic Hospital Policy pays expenses for - Answer hospital room and board.
Which type of bond specifically protects against dishonesty by employees whose names or positions are
listed in the policy? - Answer scheduled
Exclusions common to liability coverage for both the personal auto policy and the business auto policy
include all of the following EXCEPT - Answer for liability arising while the insured auto is being used in
an auto business.
