NY INDEPENDENT GENERAL ADJUSTER EXAM - SERIES 17-70
ACTUAL EXAM | QUESTIONS AND ANSWERS | VERIFIED
ANSWERS ALREADY GRADED A+ | LATEST EXAM
Dram Shop Liability refers to: - CORRECT ANSWER - 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 ANSWER - Neglect.
To be eligible for the New York assigned risk auto plan a person must: -
CORRECT ANSWER - 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Any insurance adjuster whose license has been revoked for cause will not be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 ANSWER - One Year.
A typical benefit design for a long term care policy does not include a: -
CORRECT ANSWER - 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 ANSWER - 30 Days.
A common carrier is not held liable for the loss of a shipper's goods when the
loss results from: - CORRECT ANSWER - 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 ANSWER - Only
an insurance regulatory official.
When is a passenger first covered under an aircraft policy? - CORRECT
ANSWER - 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 ANSWER - $1,000 if
the flood is imminent and the property is in danger of flooding.
Which Commercial Forms would cover sinkhole collapse? - CORRECT
ANSWER - Basic, Broad, and Special.
______ is a movement allowed by certain joints of the skeleton that decreases
the angle between two adjoining bones. - CORRECT ANSWER - Flexion
The listing of the perils covered is found in which part of a homeowner policy?
- CORRECT ANSWER - 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 ANSWER -
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 ANSWER - 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 Comprehensive coverage on his auto.
What coverage would apply? - CORRECT ANSWER - Mr. Vickers
comprehensive coverage.
An automobile is polluting the environment. What engine component could be
the primary cause? - CORRECT ANSWER - 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
ANSWER - 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 ANSWER - Yes.
Fidelity bonds are typically written to be effective for a: - CORRECT
ANSWER - Continuous term without an expiration date.
One purpose of a deductible is to: - CORRECT ANSWER - 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 ANSWER - A 10 day notice.
A ship owner wanting coverage in case crew members bring liability suits for
injuries sustained while working would purchase: - CORRECT ANSWER -
Protection and Indemnity
ACTUAL EXAM | QUESTIONS AND ANSWERS | VERIFIED
ANSWERS ALREADY GRADED A+ | LATEST EXAM
Dram Shop Liability refers to: - CORRECT ANSWER - 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 ANSWER - Neglect.
To be eligible for the New York assigned risk auto plan a person must: -
CORRECT ANSWER - 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 ANSWER - One Year.
A typical benefit design for a long term care policy does not include a: -
CORRECT ANSWER - 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 ANSWER - 30 Days.
A common carrier is not held liable for the loss of a shipper's goods when the
loss results from: - CORRECT ANSWER - 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 ANSWER - Only
an insurance regulatory official.
When is a passenger first covered under an aircraft policy? - CORRECT
ANSWER - 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 ANSWER - $1,000 if
the flood is imminent and the property is in danger of flooding.
Which Commercial Forms would cover sinkhole collapse? - CORRECT
ANSWER - Basic, Broad, and Special.
______ is a movement allowed by certain joints of the skeleton that decreases
the angle between two adjoining bones. - CORRECT ANSWER - Flexion
The listing of the perils covered is found in which part of a homeowner policy?
- CORRECT ANSWER - 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 ANSWER -
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 ANSWER - 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 Comprehensive coverage on his auto.
What coverage would apply? - CORRECT ANSWER - Mr. Vickers
comprehensive coverage.
An automobile is polluting the environment. What engine component could be
the primary cause? - CORRECT ANSWER - 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
ANSWER - 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 ANSWER - Yes.
Fidelity bonds are typically written to be effective for a: - CORRECT
ANSWER - Continuous term without an expiration date.
One purpose of a deductible is to: - CORRECT ANSWER - 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 ANSWER - A 10 day notice.
A ship owner wanting coverage in case crew members bring liability suits for
injuries sustained while working would purchase: - CORRECT ANSWER -
Protection and Indemnity
