NY Independent General Adjuster Exam - Series 17-70 UPDATED Exam Questions and CORRECT Answers
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NY Independent General Adjuster
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NY Independent General Adjuster
NY Independent General Adjuster Exam -
Series 17-70 UPDATED Exam Questions
and CORRECT Answers
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 ...
NY Independent General Adjuster Exam -
Series 17-70 UPDATED Exam Questions
and CORRECT Answers
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Any insurance adjuster whose license has been revoked for cause will not be entitled to apply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
Under workers compensation in New York, which of the following does not raise the
premium based on it being a proportion of the charged premium? - Correct Answer- Premium
Discount.
What is an example of a moral hazard? - Correct Answer- Embezzlement
If an insured is responsible for damaging a client's million dollar shipment of products, would
this coverage be covered by the commercial umbrella liability coverage under BI and PD
coverage? - Correct Answer- Yes.
A homeowner with personal property insured for $60,000 had a fire which destroyed
everything. The total value of the personal property at the time of the loss was only $50,000.
What principle would be violated if her insurer paid her more than $50,000? - Correct
Answer- Principle of Indemnity.
What is the appropriate manner in which to sign a "release of all claims?" - Correct Answer-
Must use full legal name.
Jane becomes injured in an auto accident caused when she took her eyes off the road to send
a text message on her cell phone. This is an example of a: - Correct Answer- Morale Hazard.
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