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New York State General Adjuster 17-70 Questions and Answers |
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New York State General Adjuster 17-70 Questions and Answers |
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New York State General Adjuster 17-70Questions and Answers |
BOP policies provide a single limit of liability. Both bodily injury and property damage coverage is
provided. Since the amounts for bodily injury and property damage combined do not exceed the
500,000 occurrence limit, the total amount of the claim would be covered.
A tram, tape and centering gauges are being used to quick reference a unibody vehicle. Technician
A says the tram gauge is used to determine vehicle centerline. Technician B says that centering
gauges should be used to determine vehicle centerline. Who is right?
1 Technician A only
2 Technician B only
3 Both technicians are correct
4 Neither technician is correct - ✔✔2 Technician B only
Technician B is correct. Centering gauges use centering pins to locate centerline. A tram is used to make
point-to-point measurements.
The maximum payable for damage or loss to signs attached to the building covered under a BOP is:
1 $2500
2 The building limit since it's attached to the building
3 $1000
4 $5000 - ✔✔3 The correct answer is: $1000.
,Damage or loss to a sign attached to the building is limited to $1000 even though it is attached to the
building and considered part of the building.
Which of the following basic workers compensation benefits compensates a widow or other dependent
family members of an employee whose death results from a work-related injury?
1 Disability income benefits
2 Medical benefits
3 Survivor benefits
4 Rehabilitation benefits - ✔✔3 Survivor benefits
Survivor benefits compensate a widow or other dependent family members.
Lawful economic interest in the preservation of the subject of insurance, free from loss or destruction or
monetary impairment is the definition of:
1 Insurable Interest
2 Right of Ownership
3 An Amendatory Endorsement
4 Contractual Obligation - ✔✔1 Insurable Interest
This is the definition of insurable interest. In property and casualty insurance, insurable interest must
exist at the time of the loss.
,In a property loss the insured is required to do all of the following, EXCEPT: - ✔✔Repair the property
within 20 days of notifying the insurer.
The insured should not repair the property until agreed upon by the insurer.
The prefix "neo" refers to:
1 Old.
2 New.
3 Flat.
4 After. - ✔✔2 New
"Neo" refers to something that is new.
neo-: new or recent, or in a modern form:
If a commercial building has been vacant for more than sixty days, which of the perils are affected as
regards coverage?
1 Vandalism
2 Freezing
3 Fire
4 All of the perils are affected - ✔✔4 All of the perils are affected
All of the perils listed are affected as a result of the vacancy. Some of the coverage for certain perils is
voided and fire losses are reduced by 15%.
Automobile Medical Payments covers:
, 1 The insured as an occupant of a car, an occupant of the insured vehicle and the insured as a pedestrian
when hit by a car.
2 The insured as an occupant of a car only.
3 An occupant of the insured vehicle only.
4 The insured as a pedestrian only. - ✔✔1 The insured as an occupant of a car, an occupant of
the insured vehicle and the insured as a pedestrian when hit by a car.
It also covers any family member. In addition, any other person while occupying the insured's covered
auto.
The Federal Terrorism Act covers property and casualty losses that exceed ______in the aggregate. -
✔✔$100,000,000
The Act covers losses from a certified terrorism act that exceed $100,000,000 (the trigger) in the
aggregate. The Federal Terrorism Act was amended in 2007 to this limit. The Act has was further
amended and extended 2015. The trigger remains the same, but will increase each year by $20 million
starting in 2016. Please refer to your testing vendor outline to determine if it is testing on the prevous
amendment or if it is testing on the 2015 extension of the Act. The answer to this question is correct for
either year.
All the following are the insured's duties after a loss in regards to the physical damage coverage of
the policy, EXCEPT:
1 Take reasonable steps after the loss to protect the property from further damage
2 Promptly notify the police if the vehicle is stolen
3 Allow the insurer to inspect and appraise the damaged property
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