NEW YORK INDEPENDENT GENERAL ADJUSTER EXAM SIMULATOR - SERIES 17-70 – questions with answers

NEW YORK INDEPENDENT GENERAL |\ |\ |\ |\




ADJUSTER EXAM SIMULATOR - SERIES |\ |\ |\ |\ |\




17-70 – questions with answers |\ |\ |\ |\




Which of the following would NOT be found in the conditions
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section of a homeowners insurance policy?
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Subrogation rights |\ |\




Duties of the insured |\ |\ |\ |\




Insurance premium |\ |\




Mortgagee clause - CORRECT ANSWERS ✔✔The insurance |\ |\ |\ |\ |\ |\ |\


premium is not shown in the conditions section of the
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homeowner policy. |\




Which of the following is true regarding dealers physical damage
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coverage under a garage policy? |\ |\ |\ |\




It is a blanket limit for covered autos.
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It extends coverage to customers' autos.
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It is an annual maximum limit for comprehensive and collision
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losses. |\




It is a maximum limit per auto. - CORRECT ANSWERS ✔✔It is a
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blanket limit for covered autos.
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EXPLANATION:
The dealer's physical damage limit would be done on a blanket
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limit basis. This would apply to comprehensive and collision
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,losses to the auto inventory of the dealer. This is done because it
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is simply not practical to schedule each dealer owned vehicle for
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physical damage. This is generally accomplished by the use of a
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monthly reporting form. |\ |\




Which of the following would not be considered an occupational
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disease?


Black lung. |\ |\




Mesothelioma. |\




Pulmonary fibrosis. |\ |\




Bending over to pick up a box and hurting your back. - CORRECT
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ANSWERS ✔✔Bending over to pick up a box and hurting your
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back. is correct.
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EXPLANATION:
Bending over to pick up a box and causing an injury is a work
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related injury and not a disease.
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Which of the following is correct in order for the additional
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coverage of "collapse" to be available under special BOP?
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The collapse must be such that the building can not be used as
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intended |\




The remaining part of the structure standing must be demolished
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The remaining part of the structure must be judged unsound to
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rebuild on |\ |\

,The building must be leaning, settling or in danger of collapsing -
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CORRECT ANSWERS ✔✔The correct answer is: The collapse must
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be such that the building can not be used as intended.
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EXPLANATION:
The definition of collapse in the policy is the "abrupt falling down
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or caving in of the structure or part of the structure" and it must
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render the building as unusable as intended.
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Which of the following would not be eligible for coverage under a
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livestock floater?
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Poultry |\




Cattle |\




Sheep |\




Swine - CORRECT ANSWERS ✔✔EXPLANATION:
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Poultry is not eligible property under the livestock floater.
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The insured owns a motorhome that is not covered by the
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insured's Personal Auto policy. This vehicle can be added to the
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policy by using which of the following endorsements?
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Miscellaneous Type Vehicle endorsement |\ |\ |\ |\




Special Type Vehicle endorsement
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Recreational Vehicle endorsement |\ |\ |\




Motorhome endorsement - CORRECT ANSWERS ✔✔The correct |\ |\ |\ |\ |\ |\ |\


answer is: Miscellaneous Type Vehicle endorsement.
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, EXPLANATION:
The Miscellaneous Type Vehicle endorsement can be used to
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cover motorhomes, motorcycles, etc.
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Insurers must maintain a complaint record for _________ after all
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elements of the complaint are resolved and the file is closed.
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five years |\ |\




three calendar years |\ |\ |\




one year |\ |\




six calendar years - CORRECT ANSWERS ✔✔The correct answer
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is: six calendar years.
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EXPLANATION:
Insurers are required to maintain complaint records for six
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calendar years. |\




A BOP policy has a $500,000 occurrence limit for liability and a
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$1,000,000 aggregate limit. If claims for $600,000 and $400,000 |\ |\ |\ |\ |\ |\ |\ |\ |\


have been filed in two separate incidents, how much coverage
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remains, if any, for any future claims submitted during the policy
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term?




Answer Choices: |\ |\




$500,000 |\




-0- |\




$100,000 |\