1|Page
NY INDEPENDENT GENERAL ADJUSTER EXAM 2025/
2026 NEWEST ACTUAL EXAM COMPLETE 500
QUESTIONS AND CORRECT DETAILED ANSWERS
WITH RATIONALES (VERIFIED ANSWERS) |ALREADY
GRADED A+||LATEST EXAM!!!
The insured has moved into a dwelling that was being
build and was covered by the "Dwelling Under
Construction" endorsement. How long does the insured
have to report his / her occupancy to the insurance
company? - Answer-30 days
When a New York Homeowners policy is still in the 60-day
underwriting period, the insurer may cancel it for any
reason by providing a ______ notice. - Answer-30 day
Personal property that is covered under the Personal
Property Replacement Cost Endorsement is damaged and
a claim has been filed. The replacement cost of the
property at the time of the loss is $2,500. The full cost to
repair the property is $2,000. The Coverage C limit of the
Homeowners policy is $8,000. No special limits apply to
this property and there is no limit applied to the type of
property being claimed. Which of the following is the
amount that will be paid under the endorsement? -
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Answer-2,000. The endorsement will pay the smallest
amount of the replacement cost at the time of the loss, the
full repair cost, the Coverage C limit, any applicable
special limits, or the limit that applies to the type of
property being claimed.
The mandatory recoupment of the federal share through
policyholder surcharges under Terrorism Risk Insurance
Program Reauthorization Act of 2015 was increased from
133% to - Answer-140%
A Building and Personal Property Coverage form provides
coverage for all of the following types of property,
EXCEPT: - Answer-Growing crops and lawns.
The insured sets a fire to his home and is found to be
guilty of arson. There is a lien on the burned property by a
mortgage company in the amount of $150,000. The
property is insured for $300,000 and is a total loss. The
personal property of the insured, covered separately by a
Homeowners policy for $150,000, is also a total loss. How
will this claim most likely be paid? - Answer-The
mortgagee is paid $150,000.
,3|Page
The Terrorism Risk Insurance Act and all of its extensions
and reauthorizations is actually an agreement between: -
Answer-Between the Federal Government and the
insurance companies.
The first effort to provide insurance for land transportation
risks involved an extension of ocean marine coverage
known as the: - Answer-"Warehouse to warehouse"
clause.
Which of the following is not a duty of an insurer in case of
a loss? - Answer-Separate the damaged property from the
undamaged property and protect the property from further
loss
An insured owns a set of six drawing pens designed and
used by Benjamin Franklin. Each pen is worth $1,000
alone, but the set is worth $12,000. One pen is destroyed
by a covered peril. Under the pair or set clause the
insurance company will pay a maximum of which of the
following amounts? - Answer-$7,000
, 4|Page
Traditionally, the most common type of crop insurance
sold prior to the creation of the Multi-Peril Crop Insurance
Program was: - Answer-Coverage for hail damage.
An adjuster's report that contains all the facts, evidence
and disposition of the claim and is considered to be the
final report is known as the: - Answer-Full report.
The New York Superintendent of Insurance may refuse to
renew, suspend or revoke a license as a result of which of
the following?
I. A violation of any provision of the New York Insurance
Code.
II. A licensee making a material misstatement in
application for license.
III. A licensee being found guilty of fraud or dishonest
practices. - Answer-I, II and III
No insurer may issue checks or drafts or partial settlement
of a loss or claim that is still being negotiated that: -
Answer-Releases the insurer from additional liability.
NY INDEPENDENT GENERAL ADJUSTER EXAM 2025/
2026 NEWEST ACTUAL EXAM COMPLETE 500
QUESTIONS AND CORRECT DETAILED ANSWERS
WITH RATIONALES (VERIFIED ANSWERS) |ALREADY
GRADED A+||LATEST EXAM!!!
The insured has moved into a dwelling that was being
build and was covered by the "Dwelling Under
Construction" endorsement. How long does the insured
have to report his / her occupancy to the insurance
company? - Answer-30 days
When a New York Homeowners policy is still in the 60-day
underwriting period, the insurer may cancel it for any
reason by providing a ______ notice. - Answer-30 day
Personal property that is covered under the Personal
Property Replacement Cost Endorsement is damaged and
a claim has been filed. The replacement cost of the
property at the time of the loss is $2,500. The full cost to
repair the property is $2,000. The Coverage C limit of the
Homeowners policy is $8,000. No special limits apply to
this property and there is no limit applied to the type of
property being claimed. Which of the following is the
amount that will be paid under the endorsement? -
,2|Page
Answer-2,000. The endorsement will pay the smallest
amount of the replacement cost at the time of the loss, the
full repair cost, the Coverage C limit, any applicable
special limits, or the limit that applies to the type of
property being claimed.
The mandatory recoupment of the federal share through
policyholder surcharges under Terrorism Risk Insurance
Program Reauthorization Act of 2015 was increased from
133% to - Answer-140%
A Building and Personal Property Coverage form provides
coverage for all of the following types of property,
EXCEPT: - Answer-Growing crops and lawns.
The insured sets a fire to his home and is found to be
guilty of arson. There is a lien on the burned property by a
mortgage company in the amount of $150,000. The
property is insured for $300,000 and is a total loss. The
personal property of the insured, covered separately by a
Homeowners policy for $150,000, is also a total loss. How
will this claim most likely be paid? - Answer-The
mortgagee is paid $150,000.
,3|Page
The Terrorism Risk Insurance Act and all of its extensions
and reauthorizations is actually an agreement between: -
Answer-Between the Federal Government and the
insurance companies.
The first effort to provide insurance for land transportation
risks involved an extension of ocean marine coverage
known as the: - Answer-"Warehouse to warehouse"
clause.
Which of the following is not a duty of an insurer in case of
a loss? - Answer-Separate the damaged property from the
undamaged property and protect the property from further
loss
An insured owns a set of six drawing pens designed and
used by Benjamin Franklin. Each pen is worth $1,000
alone, but the set is worth $12,000. One pen is destroyed
by a covered peril. Under the pair or set clause the
insurance company will pay a maximum of which of the
following amounts? - Answer-$7,000
, 4|Page
Traditionally, the most common type of crop insurance
sold prior to the creation of the Multi-Peril Crop Insurance
Program was: - Answer-Coverage for hail damage.
An adjuster's report that contains all the facts, evidence
and disposition of the claim and is considered to be the
final report is known as the: - Answer-Full report.
The New York Superintendent of Insurance may refuse to
renew, suspend or revoke a license as a result of which of
the following?
I. A violation of any provision of the New York Insurance
Code.
II. A licensee making a material misstatement in
application for license.
III. A licensee being found guilty of fraud or dishonest
practices. - Answer-I, II and III
No insurer may issue checks or drafts or partial settlement
of a loss or claim that is still being negotiated that: -
Answer-Releases the insurer from additional liability.
