NY INDEPENDENT GENERAL
ADJUSTER EXAM Questions and
Answers Graded A+
Dram Shop Liability refers to: - Correct 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? - Correct
answer-Neglect.
To be eligible for the New York assigned risk auto plan a person must: - Correct
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Any insurance adjuster whose license has been revoked for cause will not be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: -
Correct answer-One Year.
A typical benefit design for a long term care policy does not include a: - Correct
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? - Correct answer-30 Days.
A common carrier is not held liable for the loss of a shipper's goods when the loss
results from: - Correct answer-An Act of God.
If one is found guilty of federal insurance fraud, who can permit the guilty
individual to return to the insurance business? - Correct answer-Only an insurance
regulatory official.
When is a passenger first covered under an aircraft policy? - Correct answer-When
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? - Correct answer-$1,000 if the flood is imminent and
the property is in danger of flooding.
Which Commercial Forms would cover sinkhole collapse? - Correct answer-Basic,
Broad, and Special.
______ is a movement allowed by certain joints of the skeleton that decreases the
angle between two adjoining bones. - Correct answer-Flexion
, The listing of the perils covered is found in which part of a homeowner policy? -
Correct answer-Insuring 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? - Correct answer-No. 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? - Correct answer-Assume 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? -
Correct answer-Mr. Vickers comprehensive coverage.
An automobile is polluting the environment. What engine component could be the
primary cause? - Correct answer-Catalytic Converter Malfunction.
ADJUSTER EXAM Questions and
Answers Graded A+
Dram Shop Liability refers to: - Correct 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? - Correct
answer-Neglect.
To be eligible for the New York assigned risk auto plan a person must: - Correct
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: -
Correct answer-One Year.
A typical benefit design for a long term care policy does not include a: - Correct
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? - Correct answer-30 Days.
A common carrier is not held liable for the loss of a shipper's goods when the loss
results from: - Correct answer-An Act of God.
If one is found guilty of federal insurance fraud, who can permit the guilty
individual to return to the insurance business? - Correct answer-Only an insurance
regulatory official.
When is a passenger first covered under an aircraft policy? - Correct answer-When
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? - Correct answer-$1,000 if the flood is imminent and
the property is in danger of flooding.
Which Commercial Forms would cover sinkhole collapse? - Correct answer-Basic,
Broad, and Special.
______ is a movement allowed by certain joints of the skeleton that decreases the
angle between two adjoining bones. - Correct answer-Flexion
, The listing of the perils covered is found in which part of a homeowner policy? -
Correct answer-Insuring 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? - Correct answer-No. 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? - Correct answer-Assume 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? -
Correct answer-Mr. Vickers comprehensive coverage.
An automobile is polluting the environment. What engine component could be the
primary cause? - Correct answer-Catalytic Converter Malfunction.
