NY Independent General Adjuster Exam -
Series 17-70
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Any insurance adjuster whose license has been revoked for cause will not be entitled to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? - answer30 Days.
A common carrier is not held liable for the loss of a shipper's goods when the loss
results from: - answerAn Act of God.
If one is found guilty of federal insurance fraud, who can permit the guilty individual to
return to the insurance business? - answerOnly an insurance regulatory official.
When is a passenger first covered under an aircraft policy? - answerWhen 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? - answerBasic, Broad, and
Special.
______ is a movement allowed by certain joints of the skeleton that decreases the
angle between two adjoining bones. - answerFlexion
, The listing of the perils covered is found in which part of a homeowner policy? -
answerInsuring 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? - answerNo. 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participation of any person whose license has been revoked.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? -
answerAssume 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 and leaves the keys in the ignition. When he returns he finds that his car has
been stolen. Later the car was discovered with severe collision damage. The airport
carries Garagekeeper's Legal Liability coverage and Mr. Vickers carries Liability and
Comprehensive coverage on his auto. What coverage would apply? - answerMr.
Vickers comprehensive coverage.
An automobile is polluting the environment. What engine component could be the
primary cause? - answerCatalytic Converter Malfunction.
Under the dwelling policy, DP2 or D3, what is the maximum amount of Coverage A that
would be paid for additional living expenses? - answer20%
Workers compensation policies also include employer's liability coverage. If any
employer fails to maintain the equipment and an employee is injured, would it be
covered under this coverage? - answerYes.
Fidelity bonds are typically written to be effective for a: - answerContinuous term without
an expiration date.
One purpose of a deductible is to: - answerEliminate small claims.
If the insured has failed to pay the premium for a worker compensation policy issued in
New York, how many days notice of cancellation must be sent to the insured? -
answerA 10 day notice.
A ship owner wanting coverage in case crew members bring liability suits for injuries
sustained while working would purchase: - answerProtection and Indemnity
Under workers compensation in New York, which of the following does not raise the
premium based on it being a proportion of the charged premium? - answerPremium
Discount.
Series 17-70
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? - answer30 Days.
A common carrier is not held liable for the loss of a shipper's goods when the loss
results from: - answerAn Act of God.
If one is found guilty of federal insurance fraud, who can permit the guilty individual to
return to the insurance business? - answerOnly an insurance regulatory official.
When is a passenger first covered under an aircraft policy? - answerWhen 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? - answerBasic, Broad, and
Special.
______ is a movement allowed by certain joints of the skeleton that decreases the
angle between two adjoining bones. - answerFlexion
, The listing of the perils covered is found in which part of a homeowner policy? -
answerInsuring 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? - answerNo. 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? -
answerAssume 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 and leaves the keys in the ignition. When he returns he finds that his car has
been stolen. Later the car was discovered with severe collision damage. The airport
carries Garagekeeper's Legal Liability coverage and Mr. Vickers carries Liability and
Comprehensive coverage on his auto. What coverage would apply? - answerMr.
Vickers comprehensive coverage.
An automobile is polluting the environment. What engine component could be the
primary cause? - answerCatalytic Converter Malfunction.
Under the dwelling policy, DP2 or D3, what is the maximum amount of Coverage A that
would be paid for additional living expenses? - answer20%
Workers compensation policies also include employer's liability coverage. If any
employer fails to maintain the equipment and an employee is injured, would it be
covered under this coverage? - answerYes.
Fidelity bonds are typically written to be effective for a: - answerContinuous term without
an expiration date.
One purpose of a deductible is to: - answerEliminate small claims.
If the insured has failed to pay the premium for a worker compensation policy issued in
New York, how many days notice of cancellation must be sent to the insured? -
answerA 10 day notice.
A ship owner wanting coverage in case crew members bring liability suits for injuries
sustained while working would purchase: - answerProtection and Indemnity
Under workers compensation in New York, which of the following does not raise the
premium based on it being a proportion of the charged premium? - answerPremium
Discount.
