New York Independent Adjuster General Test Questions and Answers Fully Solved 100%
1 view 0 purchase
Course
New York Independent Adjuster
Institution
New York Independent Adjuster
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 pr...
New York Independent Adjuster General Test
Questions and Answers Fully Solved 100%
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
products-completed operations hazard, as defined in a commercial umbrella liability
policy is: - ANSWER-Usually excluded unless the work out of which the damage arose
was done by a subcontractor rather than the insured.
The insured car dealer carries dealer's physical damage coverage with comprehensive
and collision coverage. One of the salesmen allows an old customer to test drive a van.
The customer steals the car and it is later found heavily damaged in an accident. The
adjuster will: - ANSWER-Deny the claim unless the insured carries "false pretense"
coverage.
The limit for "medical and rehabilitation expenses" under the New York automobile "No-
Fault" law is: - ANSWER-$50,000.
All of the following types of signs can be covered by the Sign Coverage Form, except: -
ANSWER-Signs carved in stone or brick
Which of the following is used to bring a standardized insurance form into compliance
with state laws? - ANSWER-Endorsements.
Most crop insurance in the United States is written by: - ANSWER-Private stock and
mutual companies.
Under a standardized NCCI workers' compensation policy, the insurance company will
pay to the insured, as part of any claim, proceeding, or suit defended, all of the following
expenses, EXCEPT: - ANSWER-Loss of earnings.
Homeowners policies cover all of the following, EXCEPT: - ANSWER-A 2-family
dwelling occupied by tenants who are renting the covered premises from the named
insured.
Gavin operates a small manufacturing plant and is covered under a Commercial
Property Business Income form. Under which of the following scenarios will Gavin be
covered? - ANSWER-His loss of profit while out of business as a result of a fire loss.
, An insured has his home covered under Dwelling policies with three different insurance
companies. Company A provides 50% of the coverage, Company B provides 45% of
the coverage, and Company C provides 5% of the coverage. When settling a claim for
$10,000 worth of damage to the dwelling, what will Company C pay? - ANSWER-$500
Which of the following is true regarding the dealers' physical damage coverage under
the Garage policy? - ANSWER-The coverage is provided by a blanket limit for covered
autos.
The most common method of settling liability insurance claims is through: - ANSWER-
Negotiated settlement.
The purpose of liability insurance is to protect an insured from financial loss: -
ANSWER-Arising out of liability claims by transferring the burden of financial loss from
the individual to the insurance company.
Which of the following is NOT covered by liability coverage under a Homeowner policy?
- ANSWER-A snowmobile in a park.
Which of the following correctly describes "Included Operations" as it relates to
Automobile Physical Damage claims? - ANSWER-The separate tasks that are included
as part of a repair procedure, and the labor cost to perform these procedures.
All of the following would be considered an "insured" on a Homeowners policy,
EXCEPT: - ANSWER-A non-related tenant living in the insured residence..
Which of the following is a type of "voluntary loss" taken to save the property from
further loss? - ANSWER-General Average Loss.
A typical directors and officers liability policy covers each of the following, EXCEPT:
Your answer - ANSWER-The corporation for suits brought against it because of the
actions of the officers and directors
Which of the following is NOT covered under a premise burglary claim? - ANSWER-Fire
to the building caused from the break in.
The retroactive date on a claims-made CGL form specifies: - ANSWER-That losses
occurring before the date will not be covered by the policy..
"Sinkhole collapse" is a peril covered under which of the following ISO Commercial
Property Cause of Loss forms? - ANSWER-The Basic, Broad and Special forms
All of the following items would be covered under a Personal Property Replacement
Cost Endorsement attached to a Homeowners policy, EXCEPT: - ANSWER-Jewelry
that is described in the policy and subject to an agreed value loss settlement
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller IMORA. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $10.99. You're not tied to anything after your purchase.
