NY INDEPENDENT GENERAL ADJUSTER
NY INDEPENDENT GENERAL ADJUSTER EXAM 2025
Dram Shop Liability refers to: - Correct Ans-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 Ans-Neglect.
To be eligible for the New York assigned risk auto plan a person must: - Correct Ans-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Any insurance adjuster whose license has been revoked for cause will not be entitled to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 Ans-One Year.
A typical benefit design for a long term care policy does not include a: - Correct Ans-
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 Ans-30 Days.
A common carrier is not held liable for the loss of a shipper's goods when the loss results
from: - Correct Ans-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 Ans-Only an insurance regulatory official.
1|Page
,NY INDEPENDENT GENERAL ADJUSTER
When is a passenger first covered under an aircraft policy? - Correct Ans-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 Ans-$1,000 if the flood is imminent and the property is in danger
of flooding.
Which Commercial Forms would cover sinkhole collapse? - Correct Ans-Basic, Broad, and
Special.
______ is a movement allowed by certain joints of the skeleton that decreases the angle
between two adjoining bones. - Correct Ans-Flexion
The listing of the perils covered is found in which part of a homeowner policy? - Correct
Ans-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 Ans-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 Ans-
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
2|Page
, NY INDEPENDENT GENERAL ADJUSTER
Comprehensive coverage on his auto. What coverage would apply? - Correct Ans-Mr.
Vickers comprehensive coverage.
An automobile is polluting the environment. What engine component could be the
primary cause? - Correct Ans-Catalytic 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? - Correct Ans-20%
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? - Correct Ans-Yes.
Fidelity bonds are typically written to be effective for a: - Correct Ans-Continuous term
without an expiration date.
One purpose of a deductible is to: - Correct Ans-Eliminate 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? - Correct
Ans-A 10 day notice.
A ship owner wanting coverage in case crew members bring liability suits for injuries
sustained while working would purchase: - Correct Ans-Protection 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? - Correct Ans-
Premium Discount.
3|Page
NY INDEPENDENT GENERAL ADJUSTER EXAM 2025
Dram Shop Liability refers to: - Correct Ans-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 Ans-Neglect.
To be eligible for the New York assigned risk auto plan a person must: - Correct Ans-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 Ans-One Year.
A typical benefit design for a long term care policy does not include a: - Correct Ans-
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 Ans-30 Days.
A common carrier is not held liable for the loss of a shipper's goods when the loss results
from: - Correct Ans-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 Ans-Only an insurance regulatory official.
1|Page
,NY INDEPENDENT GENERAL ADJUSTER
When is a passenger first covered under an aircraft policy? - Correct Ans-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 Ans-$1,000 if the flood is imminent and the property is in danger
of flooding.
Which Commercial Forms would cover sinkhole collapse? - Correct Ans-Basic, Broad, and
Special.
______ is a movement allowed by certain joints of the skeleton that decreases the angle
between two adjoining bones. - Correct Ans-Flexion
The listing of the perils covered is found in which part of a homeowner policy? - Correct
Ans-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 Ans-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 Ans-
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
2|Page
, NY INDEPENDENT GENERAL ADJUSTER
Comprehensive coverage on his auto. What coverage would apply? - Correct Ans-Mr.
Vickers comprehensive coverage.
An automobile is polluting the environment. What engine component could be the
primary cause? - Correct Ans-Catalytic 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? - Correct Ans-20%
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? - Correct Ans-Yes.
Fidelity bonds are typically written to be effective for a: - Correct Ans-Continuous term
without an expiration date.
One purpose of a deductible is to: - Correct Ans-Eliminate 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? - Correct
Ans-A 10 day notice.
A ship owner wanting coverage in case crew members bring liability suits for injuries
sustained while working would purchase: - Correct Ans-Protection 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? - Correct Ans-
Premium Discount.
3|Page
