NEW YORK INDEPENDENT GENERAL ADJUSTER EXAM SIMULATOR - SERIES 17-70 Correct Questions & Answers!!PACKAGE DEAL

Which of the following would NOT be found in the conditions section of a homeowners insurance policy? Subrogation rights Duties of the insured Insurance premium Mortgagee clause - ANSWER The insurance premium is not shown in the conditions section of the homeowner policy. Which of the foll...

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 underwrit...

Offering any return of premium, valuable consideration or inducement when purchasing an insurance policy is an example of: - ANSWER I. Illegal Inducement II. Rebating Under a watercraft or yacht policy how claims are settled: - ANSWER Actual cash value When may an insured sue an insurance com...

All of the following statements are true regarding the Federal Employers Liability Act (FELA), EXCEPT: - ANSWER It provides workers' compensation coverage for employees working in federal government buildings. Property damage to an insured's work that arises out of the work and is part of the p...

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? ...

Under the farm forms, the maximum amount payable for a loss to a satellite dish is: - ANSWER The correct answer is: $1,000.. The State Insurance Fund provides workers compensation coverage for which of the following? - ANSWER The fund is for both those employers unable to obtain coverage and thos...

Protect the property from further loss - ANSWER Which of the following is an obligation of the insured involving a covered property insurance loss? 10 years. - ANSWER A New York adjuster commits an act of insurance fraud addressed by the Federal Insurance Fraud Act. The fraud does not affect the ...

An employee has been asked to use his own personal vehicle to perform certain tasks on behalf of his employer. What coverage is used under the business auto policy to protect the employer for lawsuits when the employee has an accident that causes legal action against the employer? - ANSWER Employers...