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NYS 17-70 Independent General Adjuster Exam
Newest 2026 Complete All Questions And Correct
Detailed Answers ||Verified Exam!!! (Verified Answers)
|Already Graded A+||Newest Version!!!
An insured purchases a $1 million umbrella policy with a
$1,000 self-insured retention (SIR) and agrees to maintain
the following underlying limits: auto liability - $100/300/50
and personal liability limits of $300,000. The insured is
involved in an at-fault auto accident and the claimant is
awarded $200,000 for his bodily injuries. What will the
umbrella pay if the insured only carries $50/100/50 auto
limits? - ANSWER-$100,000. The umbrella policy still pays
but the insured would have to pay the difference.
If no endorsements apply, how are property losses
adjusted on a Businessowners Policy? - ANSWER-
Replacement Cost Basis
Property and casualty insurance can be utilized to handle
what kind of risk? - ANSWER-Pure Risks.
Tammy Smith is helping out at the church Swiss Steak
dinner and is injured when hot coffee spills on her. What is
the result of this injury under New York workers
compensation coverage? - ANSWER-Tammy is a
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volunteer and will be covered if the policy contains the
proper endorsement..
Low Yields and Poor Quality Crops are covered under a: -
ANSWER-Multi-Peril Crop Policy
Who do uniform mandatory provisions tend to benefit? -
ANSWER-They tend to benefit the insurer.
What can happen when an independent contractor is
injured while working and files a claim stating that they
were actually an employee? - ANSWER-The insurance
carrier can charge an additional premium for the exposure.
A customer has eaten seafood in a restaurant and became
very ill. What type of CGL claim is this? - ANSWER-
Premises Liability.
What is the fundamental trade-off in workers
compensation laws? - ANSWER-Employees are provided
no-fault benefits for most work-related injuries in exchange
for the loss of the right to sue the employer for damages.
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The insured owns a two-family dwelling and rents out one
of the dwelling units. If a fire occurs what coverage could
the insured look to for his loss of rental income under the
DP-3? - ANSWER-Fair Rental Value.
Which perils are broader under DP2 than DP3? -
ANSWER-Explosion, Smoke, and Vehicles.
A trailer leased by the named insured from another
business is a covered auto under the insured's BAP. While
the trailer is connected to a covered truck-tractor owned
by the insured, the BAP provides: - ANSWER-Primarily
liability coverage on the trailer.
What does the CAN-SPAM act of 2003 require? -
ANSWER-Senders of commercial electronic mail may not
mislead recipients as to the source or content of such
mail.
The general property flood coverage form for commercial
property will settle claims on the basis of: - ANSWER-
Actual Cash Value.
Virtually all inland marine named perils forms include
coverage for: - ANSWER-Fire and Lightening.
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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.
NYS 17-70 Independent General Adjuster Exam
Newest 2026 Complete All Questions And Correct
Detailed Answers ||Verified Exam!!! (Verified Answers)
|Already Graded A+||Newest Version!!!
An insured purchases a $1 million umbrella policy with a
$1,000 self-insured retention (SIR) and agrees to maintain
the following underlying limits: auto liability - $100/300/50
and personal liability limits of $300,000. The insured is
involved in an at-fault auto accident and the claimant is
awarded $200,000 for his bodily injuries. What will the
umbrella pay if the insured only carries $50/100/50 auto
limits? - ANSWER-$100,000. The umbrella policy still pays
but the insured would have to pay the difference.
If no endorsements apply, how are property losses
adjusted on a Businessowners Policy? - ANSWER-
Replacement Cost Basis
Property and casualty insurance can be utilized to handle
what kind of risk? - ANSWER-Pure Risks.
Tammy Smith is helping out at the church Swiss Steak
dinner and is injured when hot coffee spills on her. What is
the result of this injury under New York workers
compensation coverage? - ANSWER-Tammy is a
,2|Page
volunteer and will be covered if the policy contains the
proper endorsement..
Low Yields and Poor Quality Crops are covered under a: -
ANSWER-Multi-Peril Crop Policy
Who do uniform mandatory provisions tend to benefit? -
ANSWER-They tend to benefit the insurer.
What can happen when an independent contractor is
injured while working and files a claim stating that they
were actually an employee? - ANSWER-The insurance
carrier can charge an additional premium for the exposure.
A customer has eaten seafood in a restaurant and became
very ill. What type of CGL claim is this? - ANSWER-
Premises Liability.
What is the fundamental trade-off in workers
compensation laws? - ANSWER-Employees are provided
no-fault benefits for most work-related injuries in exchange
for the loss of the right to sue the employer for damages.
,3|Page
The insured owns a two-family dwelling and rents out one
of the dwelling units. If a fire occurs what coverage could
the insured look to for his loss of rental income under the
DP-3? - ANSWER-Fair Rental Value.
Which perils are broader under DP2 than DP3? -
ANSWER-Explosion, Smoke, and Vehicles.
A trailer leased by the named insured from another
business is a covered auto under the insured's BAP. While
the trailer is connected to a covered truck-tractor owned
by the insured, the BAP provides: - ANSWER-Primarily
liability coverage on the trailer.
What does the CAN-SPAM act of 2003 require? -
ANSWER-Senders of commercial electronic mail may not
mislead recipients as to the source or content of such
mail.
The general property flood coverage form for commercial
property will settle claims on the basis of: - ANSWER-
Actual Cash Value.
Virtually all inland marine named perils forms include
coverage for: - ANSWER-Fire and Lightening.
, 4|Page
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.
