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NY INDEPENDENT GENERAL ADJUSTER EXAM -
SERIES 17-70 EXAM 2025/ 2026 NEWEST 2 VERSIONS
(VERSION A AND B) ACTUAL EXAM COMPLETE
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
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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? -
Answer-2,000. The endorsement will pay the smallest
amount of the replacement cost at the time of the loss, the
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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.
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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.
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.
NY INDEPENDENT GENERAL ADJUSTER EXAM -
SERIES 17-70 EXAM 2025/ 2026 NEWEST 2 VERSIONS
(VERSION A AND B) ACTUAL EXAM COMPLETE
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
,2|Page
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? -
Answer-2,000. The endorsement will pay the smallest
amount of the replacement cost at the time of the loss, the
,3|Page
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.
, 4|Page
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.
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.
