Auto Adjuster Exam
17-66 Comprehensive
Questions (Frequently
Tested)with Verified
Answers Graded A+
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1. uestion Answer:
Riley's Rivispins, Inc. has had a theft loss that resulted in damage to
their warehouse. When the insurer finds that Riley's warehouse has
been vacant for more than 60 days, how will this claim under Riley's
Businessowner's policy be paid?
The claim will be denied because theft under these circumstances is
specifically excluded by the policy.
The amount of the claim will be reduced by 15% as specified in the
policy.
The claim will be paid in full because theft is a covered cause of loss
under a Businessowners policy.
The claim will be reduced by 50% as specified in the policy.
Answer: Select the Correct Answer
The claim will be denied because theft under these circumstances is specifically excluded by the policy.
2. Question Answer:
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According to Regulation 64 of the New York Code of Regulations
governing the adjustment of total losses, a vehicle of the "current
model year" can include Answer:
An automobile of the previous model year if it was purchased new
within 90 days prior to the loss.
An automobile of the current model year even if it has been replaced
by an officially introduced succeeding model.
An automobile of the previous model year if it was purchased new
within 60 days prior to the loss.
An automobile of the current model year only if it was purchased new
at least
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90 days prior to the loss. Answer: An automobile of the current model year only if it was
purchased new at least 90 days prior to the loss.
3. Question Answer:
The DP-1 basic form peril of "internal explosion" will cover which of
the follow- ing losses?
The explosion of a furnace that the insured owns that is located inside
the covered dwelling.
The explosion of a steam boiler the insured owns that is located inside
the covered dwelling.
The explosion of an oil tank located in the yard behind the covered
dwelling.
The explosion of a central air conditioning unit that is located on a
concrete pad behind the insured dwelling. Answer: The explosion of a furnace that the
insured owns that is located inside the covered dwelling.
4. Question Answer: