NY INDEPENDENT GENERAL ADJUSTER SERIES
17-70 UPDATED CORE EXAMS REVIEW
QUESTIONS AND ANSWERS SURE A+
✔✔A customer has eaten seafood in a restaurant and became very ill. What type of
CGL claim is this? - ✔✔Premises Liability.
✔✔What is the fundamental trade-off in workers compensation laws? - ✔✔Employees
are provided no-fault benefits for most work-related injuries in exchange for the loss of
the right to sue the employer for damages.
✔✔The insured owns a two-family dwelling and rents out one of the dwelling units. If a
fire occurs what coverage could the insured look to for his loss of rental income under
the DP-3? - ✔✔Fair Rental Value.
✔✔Which perils are broader under DP2 than DP3? - ✔✔Explosion, Smoke, and
Vehicles.
✔✔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: - ✔✔Primarily liability coverage on the trailer.
, ✔✔What does the CAN-SPAM act of 2003 require? - ✔✔Senders of commercial
electronic mail may not mislead recipients as to the source or content of such mail.
✔✔The general property flood coverage form for commercial property will settle claims
on the basis of: - ✔✔Actual Cash Value.
✔✔Virtually all inland marine named perils forms include coverage for: - ✔✔Fire and
Lightening.
✔✔What kind of health insurance policy would be issued to indemnify the owner when a
critical employee of a business becomes disabled due to injury or illness? - ✔✔Key man
disability.
✔✔Mary is a newly hired and unlicensed employee of an insurance agency. She is
being trained by the other staff members. A customer comes in to pay their premiums
and Mary collects the money. What are the consequences? - ✔✔None - Mary is not
guilty of doing anything.
✔✔Would a claim under Employer's Liability Insurance for an employee on business
temporarily in France be covered? - ✔✔Yes, since the employee was outside the
coverage territory temporarily .
✔✔According to the commercial auto policy definitions, an "accident": - ✔✔Includes
continuous or repeated exposure to the same conditions.
✔✔In cases of comparative negligence, the proportional share of each party in the
entire liability will be based on: - ✔✔Relative degree of fault.
✔✔With workers compensation, a monopolistic state is a state in which: - ✔✔Coverage
must be purchased from the state..
✔✔The selling of insurance products through the use of captive agents, independent
agents, or insurance company employees in a call center are examples of: -
✔✔Marketing distribution systems.
✔✔The National Flood Insurance Program will pay which of the following amounts to
assist with moving of property to safety when there is imminent flood danger? -
✔✔$1,000.
✔✔Which of the following types of property may be insured under a furriers block
policy? - ✔✔Stocks of furs owned by the insured furrier.
17-70 UPDATED CORE EXAMS REVIEW
QUESTIONS AND ANSWERS SURE A+
✔✔A customer has eaten seafood in a restaurant and became very ill. What type of
CGL claim is this? - ✔✔Premises Liability.
✔✔What is the fundamental trade-off in workers compensation laws? - ✔✔Employees
are provided no-fault benefits for most work-related injuries in exchange for the loss of
the right to sue the employer for damages.
✔✔The insured owns a two-family dwelling and rents out one of the dwelling units. If a
fire occurs what coverage could the insured look to for his loss of rental income under
the DP-3? - ✔✔Fair Rental Value.
✔✔Which perils are broader under DP2 than DP3? - ✔✔Explosion, Smoke, and
Vehicles.
✔✔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: - ✔✔Primarily liability coverage on the trailer.
, ✔✔What does the CAN-SPAM act of 2003 require? - ✔✔Senders of commercial
electronic mail may not mislead recipients as to the source or content of such mail.
✔✔The general property flood coverage form for commercial property will settle claims
on the basis of: - ✔✔Actual Cash Value.
✔✔Virtually all inland marine named perils forms include coverage for: - ✔✔Fire and
Lightening.
✔✔What kind of health insurance policy would be issued to indemnify the owner when a
critical employee of a business becomes disabled due to injury or illness? - ✔✔Key man
disability.
✔✔Mary is a newly hired and unlicensed employee of an insurance agency. She is
being trained by the other staff members. A customer comes in to pay their premiums
and Mary collects the money. What are the consequences? - ✔✔None - Mary is not
guilty of doing anything.
✔✔Would a claim under Employer's Liability Insurance for an employee on business
temporarily in France be covered? - ✔✔Yes, since the employee was outside the
coverage territory temporarily .
✔✔According to the commercial auto policy definitions, an "accident": - ✔✔Includes
continuous or repeated exposure to the same conditions.
✔✔In cases of comparative negligence, the proportional share of each party in the
entire liability will be based on: - ✔✔Relative degree of fault.
✔✔With workers compensation, a monopolistic state is a state in which: - ✔✔Coverage
must be purchased from the state..
✔✔The selling of insurance products through the use of captive agents, independent
agents, or insurance company employees in a call center are examples of: -
✔✔Marketing distribution systems.
✔✔The National Flood Insurance Program will pay which of the following amounts to
assist with moving of property to safety when there is imminent flood danger? -
✔✔$1,000.
✔✔Which of the following types of property may be insured under a furriers block
policy? - ✔✔Stocks of furs owned by the insured furrier.
