NY INDEPENDENT GENERAL ADJUSTER SERIES
17-70 TEST PAPER QUESTIONS AND ANSWERS
SURE A+
✔✔In a standard workers compensation policy, when would employer's liability
coverage apply? - ✔✔For employee-injury claims that are outside the scope of the
workers compensation law.
✔✔Which of the following is not an "additional coverage" under homeowners liability
Section II coverage? - ✔✔Payments made by the insurer to settle a claim.
✔✔Symbol 2 is entered for one of the physical damage coverages in the declarations of
the BAP. The insured buys an additional auto after the policy begins. The newly
acquired auto will become a covered auto: - ✔✔Automatically.
✔✔What is a requirement that a professional association must meet to obtain group
insurance? - ✔✔It must have been in existence for at least two years.
✔✔Third-party provisions allow for an entity that lends money to an insured to purchase
property, to be named on the insurance for that property. In property insurance, this is
, known as a "standard mortgage clause." In auto insurance, it is known as: - ✔✔Loss
payable clause.
✔✔Technician A says that when acoustical foam is removed during the repair, it is not
necessary to replace it. Technician B says the acoustical materials should be replaced
with structural foam to maintain structural sound requirements. Who is right? -
✔✔Neither.
✔✔The insured carries auto insurance in New York and has purchased the
Supplementary Uninsured Motorist Coverage (SUM). This coverage: - ✔✔Replaces the
statutory uninsured motorist coverage.
✔✔Substitute services will provide: - ✔✔$25 per day for one year.
✔✔Entering into any agreement to commit, or by any concerted action committing, any
act resulting in or tending to result in unreasonable restraint of the business of
insurance is an example of: - ✔✔Coercion.
✔✔An employee has been asked to use his own personal vehicle to perform certain
tasks on behalf of his employer. What coverage is used under the business auto policy
to protect the employer for lawsuits when the employee has an accident that causes
legal action against the employer? - ✔✔Employers non-ownership coverage.
✔✔What is not specifically considered an unfair trade practice under the insurance code
of most states? - ✔✔Appointment of producers by unauthorized insurers.
✔✔Are costs to recall products that may be defective considered "your product" under
the CGL policy? - ✔✔No.
✔✔Would the Business Owner's Policy (BOP) cover injury or damage caused by the
operation of mobile equipment? - ✔✔Yes.
✔✔A company has been hired to determine the extent of pollution damage and
recommend methods of its removal. However, it fails to identify some of the pollutants.
What coverage might this company need to cover their liability exposures? -
✔✔Environmental Errors and Omissions Coverage.
✔✔Convenience stores selling gasoline must have a minimum of ______ square feet in
total floor area in order to qualify for the BOP? - ✔✔3,000.
✔✔Under homeowner policies personal property used for business purposes is covered
for what limits on and off the premises? - ✔✔$2,500 on premises and $1,500 off
premises.
17-70 TEST PAPER QUESTIONS AND ANSWERS
SURE A+
✔✔In a standard workers compensation policy, when would employer's liability
coverage apply? - ✔✔For employee-injury claims that are outside the scope of the
workers compensation law.
✔✔Which of the following is not an "additional coverage" under homeowners liability
Section II coverage? - ✔✔Payments made by the insurer to settle a claim.
✔✔Symbol 2 is entered for one of the physical damage coverages in the declarations of
the BAP. The insured buys an additional auto after the policy begins. The newly
acquired auto will become a covered auto: - ✔✔Automatically.
✔✔What is a requirement that a professional association must meet to obtain group
insurance? - ✔✔It must have been in existence for at least two years.
✔✔Third-party provisions allow for an entity that lends money to an insured to purchase
property, to be named on the insurance for that property. In property insurance, this is
, known as a "standard mortgage clause." In auto insurance, it is known as: - ✔✔Loss
payable clause.
✔✔Technician A says that when acoustical foam is removed during the repair, it is not
necessary to replace it. Technician B says the acoustical materials should be replaced
with structural foam to maintain structural sound requirements. Who is right? -
✔✔Neither.
✔✔The insured carries auto insurance in New York and has purchased the
Supplementary Uninsured Motorist Coverage (SUM). This coverage: - ✔✔Replaces the
statutory uninsured motorist coverage.
✔✔Substitute services will provide: - ✔✔$25 per day for one year.
✔✔Entering into any agreement to commit, or by any concerted action committing, any
act resulting in or tending to result in unreasonable restraint of the business of
insurance is an example of: - ✔✔Coercion.
✔✔An employee has been asked to use his own personal vehicle to perform certain
tasks on behalf of his employer. What coverage is used under the business auto policy
to protect the employer for lawsuits when the employee has an accident that causes
legal action against the employer? - ✔✔Employers non-ownership coverage.
✔✔What is not specifically considered an unfair trade practice under the insurance code
of most states? - ✔✔Appointment of producers by unauthorized insurers.
✔✔Are costs to recall products that may be defective considered "your product" under
the CGL policy? - ✔✔No.
✔✔Would the Business Owner's Policy (BOP) cover injury or damage caused by the
operation of mobile equipment? - ✔✔Yes.
✔✔A company has been hired to determine the extent of pollution damage and
recommend methods of its removal. However, it fails to identify some of the pollutants.
What coverage might this company need to cover their liability exposures? -
✔✔Environmental Errors and Omissions Coverage.
✔✔Convenience stores selling gasoline must have a minimum of ______ square feet in
total floor area in order to qualify for the BOP? - ✔✔3,000.
✔✔Under homeowner policies personal property used for business purposes is covered
for what limits on and off the premises? - ✔✔$2,500 on premises and $1,500 off
premises.
