NY INDEPENDENT GENERAL ADJUSTER
EXAM WITH VERIFIED QUESTIONS AND
ANSWERS|| GUARANTEED PASS|| ALREADY
GRADED A+|| LATEST VERSION
What kind of health insurance policy would be issued to indemnify the owner
when a critical employee of a business becomes disabled due to injury or
illness? - ANSWER-Key man disability.
Mary is a newly hired and unlicensed employee of an insurance agency. She is
being trained by the other staff members. A customer comes in to pay their
premiums and Mary collects the money. What are the consequences? -
ANSWER-None - Mary is not guilty of doing anything.
Would a claim under Employer's Liability Insurance for an employee on
business temporarily in France be covered? - ANSWER-Yes, since the
employee was outside the coverage territory temporarily .
According to the commercial auto policy definitions, an "accident": -
ANSWER-Includes continuous or repeated exposure to the same conditions.
In cases of comparative negligence, the proportional share of each party in the
entire liability will be based on: - ANSWER-Relative degree of fault.
,With workers compensation, a monopolistic state is a state in which: -
ANSWER-Coverage must be purchased from the state..
The selling of insurance products through the use of captive agents, independent
agents, or insurance company employees in a call center are examples of: -
ANSWER-Marketing distribution systems.
The National Flood Insurance Program will pay which of the following amounts
to assist with moving of property to safety when there is imminent flood
danger? - ANSWER-$1,000.
Which of the following types of property may be insured under a furriers block
policy? - ANSWER-Stocks of furs owned by the insured furrier.
After receiving an inquiry from the Insurance Department regarding a claim, an
insurer must respond within: - ANSWER-10 days.
You purchase a new car and, as the terms of your auto policy require, you
contact your agent and notify him of the purchase. He states to you "No
problem, you're covered." Two months later you are involved in an accident.
When you report the claim to your agent he says "Oh no, I forgot to notify the
company! I'm afraid you're not covered." You can: - ANSWER-File a claim
against the auto insurer and the agent.
Under the dwelling form, liberalization must be provided within how many
days? - ANSWER-60 days.
What does extra expense insurance cover? - ANSWER-The additional cost of
continuing a business after a direct loss.
Which of the following would cover a farmer for income protection for his farm
crops? - ANSWER-Crop Revenue Insurance.
, What is the limit of insurance that applies to property in transit in the BOP? -
ANSWER-$10,000.
The insured is covered under a Businessowners Policy. He owns a hardware
store that suffers a loss from a covered peril. His loss of income is $50,000.
How will the loss be paid under the BOP? - ANSWER-On an actual loss
sustained basis ($50,000).
If there were other existing insurance, coverage under crime insurance would
be: - ANSWER-Pro rated.
Does a dental plan cover instruction of oral hygiene? - ANSWER-No.
Is the BOP designed to cover a gas station? - ANSWER-No.
Dram Shop Liability refers to: - 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? -
ANSWER-Neglect.
What is the limit under the Businessowners Policy for pollution clean up? -
ANSWER-A maximum of $10,000.
How are losses evaluated for payment under the Watercraft and Yacht policies?
- ANSWER-Actual cash value at the time of the loss.
Henry is the first named insured on a $1 million umbrella liability policy. His
wife, Dorothy, is also an insured. Both Henry and Dorothy were sued for $1
EXAM WITH VERIFIED QUESTIONS AND
ANSWERS|| GUARANTEED PASS|| ALREADY
GRADED A+|| LATEST VERSION
What kind of health insurance policy would be issued to indemnify the owner
when a critical employee of a business becomes disabled due to injury or
illness? - ANSWER-Key man disability.
Mary is a newly hired and unlicensed employee of an insurance agency. She is
being trained by the other staff members. A customer comes in to pay their
premiums and Mary collects the money. What are the consequences? -
ANSWER-None - Mary is not guilty of doing anything.
Would a claim under Employer's Liability Insurance for an employee on
business temporarily in France be covered? - ANSWER-Yes, since the
employee was outside the coverage territory temporarily .
According to the commercial auto policy definitions, an "accident": -
ANSWER-Includes continuous or repeated exposure to the same conditions.
In cases of comparative negligence, the proportional share of each party in the
entire liability will be based on: - ANSWER-Relative degree of fault.
,With workers compensation, a monopolistic state is a state in which: -
ANSWER-Coverage must be purchased from the state..
The selling of insurance products through the use of captive agents, independent
agents, or insurance company employees in a call center are examples of: -
ANSWER-Marketing distribution systems.
The National Flood Insurance Program will pay which of the following amounts
to assist with moving of property to safety when there is imminent flood
danger? - ANSWER-$1,000.
Which of the following types of property may be insured under a furriers block
policy? - ANSWER-Stocks of furs owned by the insured furrier.
After receiving an inquiry from the Insurance Department regarding a claim, an
insurer must respond within: - ANSWER-10 days.
You purchase a new car and, as the terms of your auto policy require, you
contact your agent and notify him of the purchase. He states to you "No
problem, you're covered." Two months later you are involved in an accident.
When you report the claim to your agent he says "Oh no, I forgot to notify the
company! I'm afraid you're not covered." You can: - ANSWER-File a claim
against the auto insurer and the agent.
Under the dwelling form, liberalization must be provided within how many
days? - ANSWER-60 days.
What does extra expense insurance cover? - ANSWER-The additional cost of
continuing a business after a direct loss.
Which of the following would cover a farmer for income protection for his farm
crops? - ANSWER-Crop Revenue Insurance.
, What is the limit of insurance that applies to property in transit in the BOP? -
ANSWER-$10,000.
The insured is covered under a Businessowners Policy. He owns a hardware
store that suffers a loss from a covered peril. His loss of income is $50,000.
How will the loss be paid under the BOP? - ANSWER-On an actual loss
sustained basis ($50,000).
If there were other existing insurance, coverage under crime insurance would
be: - ANSWER-Pro rated.
Does a dental plan cover instruction of oral hygiene? - ANSWER-No.
Is the BOP designed to cover a gas station? - ANSWER-No.
Dram Shop Liability refers to: - 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? -
ANSWER-Neglect.
What is the limit under the Businessowners Policy for pollution clean up? -
ANSWER-A maximum of $10,000.
How are losses evaluated for payment under the Watercraft and Yacht policies?
- ANSWER-Actual cash value at the time of the loss.
Henry is the first named insured on a $1 million umbrella liability policy. His
wife, Dorothy, is also an insured. Both Henry and Dorothy were sued for $1
