NY Independent General Adjuster
Exam - Series 17-70 2026 Questions
and Verified Answers (2026/2027
Updated) | Graded A+ | 100% Success
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? -
Correct 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? - Correct
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? - Correct Answer -Yes, since the employee was
outside the coverage territory temporarily .
According to the commercial auto policy definitions, an "accident": - Correct
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: - Correct Answer -Relative degree of fault.
With workers compensation, a monopolistic state is a state in which: - Correct
Answer -Coverage must be purchased from the state..
The selling of insurance products through the use of captive agents, independent
agents, or insurance company employees in a call center are examples of: -
Correct Answer -Marketing distribution systems.
The National Flood Insurance Program will pay which of the following amounts to
assist with moving of property to safety when there is imminent flood danger? -
Correct Answer -$1,000.
Which of the following types of property may be insured under a furriers block
policy? - Correct Answer -Stocks of furs owned by the insured furrier.
After receiving an inquiry from the Insurance Department regarding a claim, an
insurer must respond within: - Correct Answer -10 days.
,You purchase a new car and, as the terms of your auto policy require, you contact
your agent and notify him of the purchase. He states to you "No problem, you're
covered." Two months later you are involved in an accident. When you report the
claim to your agent he says "Oh no, I forgot to notify the company! I'm afraid
you're not covered." You can: - Correct Answer -File a claim against the auto
insurer and the agent.
Under the dwelling form, liberalization must be provided within how many days? -
Correct Answer -60 days.
What does extra expense insurance cover? - Correct Answer -The additional cost
of continuing a business after a direct loss.
Which of the following would cover a farmer for income protection for his farm
crops? - Correct Answer -Crop Revenue Insurance.
What is the limit of insurance that applies to property in transit in the BOP? -
Correct Answer -$10,000.
, The insured is covered under a Businessowners Policy. He owns a hardware store
that suffers a loss from a covered peril. His loss of income is $50,000. How will the
loss be paid under the BOP? - Correct Answer -On an actual loss sustained basis
($50,000).
If there were other existing insurance, coverage under crime insurance would be: -
Correct Answer -Pro rated.
Does a dental plan cover instruction of oral hygiene? - Correct Answer -No.
Is the BOP designed to cover a gas station? - Correct Answer -No.
In an application for marine insurance, a yacht owner states that the yacht will
only be sailed on inland waters. If the insured subsequently sails the yacht on the
seas, coverage may be denied because the insured has breached: - Correct
Answer -A warranty.
If a kitchen fire made a house untenable, causing the occupants to incur hotel
charges - is that a direct or indirect loss? - Correct Answer -Indirect Loss.
Exam - Series 17-70 2026 Questions
and Verified Answers (2026/2027
Updated) | Graded A+ | 100% Success
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? -
Correct 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? - Correct
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? - Correct Answer -Yes, since the employee was
outside the coverage territory temporarily .
According to the commercial auto policy definitions, an "accident": - Correct
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: - Correct Answer -Relative degree of fault.
With workers compensation, a monopolistic state is a state in which: - Correct
Answer -Coverage must be purchased from the state..
The selling of insurance products through the use of captive agents, independent
agents, or insurance company employees in a call center are examples of: -
Correct Answer -Marketing distribution systems.
The National Flood Insurance Program will pay which of the following amounts to
assist with moving of property to safety when there is imminent flood danger? -
Correct Answer -$1,000.
Which of the following types of property may be insured under a furriers block
policy? - Correct Answer -Stocks of furs owned by the insured furrier.
After receiving an inquiry from the Insurance Department regarding a claim, an
insurer must respond within: - Correct Answer -10 days.
,You purchase a new car and, as the terms of your auto policy require, you contact
your agent and notify him of the purchase. He states to you "No problem, you're
covered." Two months later you are involved in an accident. When you report the
claim to your agent he says "Oh no, I forgot to notify the company! I'm afraid
you're not covered." You can: - Correct Answer -File a claim against the auto
insurer and the agent.
Under the dwelling form, liberalization must be provided within how many days? -
Correct Answer -60 days.
What does extra expense insurance cover? - Correct Answer -The additional cost
of continuing a business after a direct loss.
Which of the following would cover a farmer for income protection for his farm
crops? - Correct Answer -Crop Revenue Insurance.
What is the limit of insurance that applies to property in transit in the BOP? -
Correct Answer -$10,000.
, The insured is covered under a Businessowners Policy. He owns a hardware store
that suffers a loss from a covered peril. His loss of income is $50,000. How will the
loss be paid under the BOP? - Correct Answer -On an actual loss sustained basis
($50,000).
If there were other existing insurance, coverage under crime insurance would be: -
Correct Answer -Pro rated.
Does a dental plan cover instruction of oral hygiene? - Correct Answer -No.
Is the BOP designed to cover a gas station? - Correct Answer -No.
In an application for marine insurance, a yacht owner states that the yacht will
only be sailed on inland waters. If the insured subsequently sails the yacht on the
seas, coverage may be denied because the insured has breached: - Correct
Answer -A warranty.
If a kitchen fire made a house untenable, causing the occupants to incur hotel
charges - is that a direct or indirect loss? - Correct Answer -Indirect Loss.
