NEW YORK Independent General Adjuster Exam 2025 – Series 17-70 | Ultimate Practice Simulator with Expert-Solved Questions, Step-by-Step Explanations & Complete Review Guide (Brand New Edition!)

NEW YORK INDEPENDENT GENERAL
ADJUSTER EXAM 2025 STIMULATOR –
SERIES 17-70 ORGANIZED QUESTIONS
FULLY SOLVED,STEP BY STEP
EXPLANATIONS AND REVIEW GUIDE
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Which of the following is correct in order for the additional
coverage of "collapse" to be available under special BOP?


The collapse must be such that the building can not be used as
intended
The remaining part of the structure standing must be
demolished
The remaining part of the structure must be judged unsound to
rebuild on
The building must be leaning, settling or in danger of collapsing
- THE CORRECT ANSWER-The correct answer is: The collapse must be
such that the building can not be used as intended.
EXPLANATION:
The definition of collapse in the policy is the "abrupt falling
down or caving in of the structure or part of the structure" and
it must render the building as unusable as intended.

,Which of the following would not be eligible for coverage under
a livestock floater?


Poultry
Cattle
Sheep
Swine - THE CORRECT ANSWER-EXPLANATION:
Poultry is not eligible property under the livestock floater.


The insured owns a motorhome that is not covered by the
insured's Personal Auto policy. This vehicle can be added to the
policy by using which of the following endorsements?




Miscellaneous Type Vehicle endorsement
Special Type Vehicle endorsement
Recreational Vehicle endorsement
Motorhome endorsement - THE CORRECT ANSWER-The correct
answer is: Miscellaneous Type Vehicle endorsement.
EXPLANATION:
The Miscellaneous Type Vehicle endorsement can be used to
cover motorhomes, motorcycles, etc.


Insurers must maintain a complaint record for _________
after all elements of the complaint are resolved and the file is
closed.

,five years
three calendar years
one year
six calendar years - THE CORRECT ANSWER-The correct answer is: six
calendar years.
EXPLANATION:
Insurers are required to maintain complaint records for six
calendar years.


A BOP policy has a $500,000 occurrence limit for liability and
a $1,000,000 aggregate limit. If claims for $600,000 and
$400,000 have been filed in two separate incidents, how much
coverage remains, if any, for any future claims submitted
during the policy term?




Answer Choices:
$500,000
-0-
$100,000
$1,000,000 - THE CORRECT ANSWER-The correct answer is:
$100,000.


EXPLANATION:


The most the policy will pay for any one single occurrence is
$500,000. So that amount would be payable for the first loss.
Once paid that amount must be subtracted from the Aggregate

, limit (the most available for all claims in the policy year)
leaving $500,000 remaining in the aggregate. The second claim
is within the occurrence limit and since there is enough left in
the aggregate, the entire $400,000 is payable. After subtracting
the $400,000 loss from the remaining aggregate, $100,000 is
left to pay any and all future claims for the remainder of the
policy term.


All of the following are uniform mandatory policy provisions,
except the:


entire contract provision.
grace period provision.
reinstatement provision.
cancellation provision. - THE CORRECT ANSWER-The correct answer
is: cancellation provision..
EXPLANATION:
The cancellation provision is an optional provision giving
insurers the ability to determine how the renewability of a
health policy will be renewed.


With an Equipment Breakdown policy, the loss settlement is:


ACV all of the time
Replacement cost all of the time
Replacement cost if the repair or replacement is made within 18
months
Replacement cost if the repair or replacement is made within
24 months - THE CORRECT ANSWER-The correct answer is: