NY Independent General Adjuster Exam - Series 17-70 questions with
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verified detailed answers || ||
Dram Shop Liability refers to: - ✔✔Liquor Law Liability.
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The insured has suffered a covered loss under his DP-3 dwelling form. He fails to protect
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the property from further loss. The additional loss that occurs as a result of his inactions
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may be denied because of what clause in the policy? - ✔✔Neglect.
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To be eligible for the New York assigned risk auto plan a person must: - ✔✔Hold a valid
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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Any insurance adjuster whose license has been revoked for cause will not be entitled to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: - ✔✔One Year.
|| || || || || || || || || || || || || ||
A typical benefit design for a long term care policy does not include a: - ✔✔Conditionally or
|| || || || || || || || || || || || || || || ||
optionally renewability feature.
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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? -
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✔✔30 Days. ||
A common carrier is not held liable for the loss of a shipper's goods when the loss results
|| || || || || || || || || || || || || || || || || ||
from: - ✔✔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? - ✔✔Only an insurance regulatory official.
|| || || || || || || || || ||
,When is a passenger first covered under an aircraft policy? - ✔✔When Entering the
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Aircraft.
If an insured takes precautionary measures to protect property from flood damage such as
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creating a retaining wall of sand bags, how much coverage if any, will be provided by a flood
|| || || || || || || || || || || || || || || || ||
policy? - ✔✔$1,000 if the flood is imminent and the property is in danger of flooding.
|| || || || || || || || || || || || || || || ||
Which Commercial Forms would cover sinkhole collapse? - ✔✔Basic, Broad, and Special.
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______ is a movement allowed by certain joints of the skeleton that decreases the angle
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between two adjoining bones. - ✔✔Flexion || || || || ||
The listing of the perils covered is found in which part of a homeowner policy? -
|| || || || || || || || || || || || || || || ||
✔✔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? - ✔✔No. The dog is property and would be consider
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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? - ✔✔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
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stolen. Later the car was discovered with severe collision damage. The airport carries
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Garagekeeper's Legal Liability coverage and Mr. Vickers carries Liability and || || || || || || || || || ||
, Comprehensive coverage on his auto. What coverage would apply? - ✔✔Mr. Vickers || || || || || || || || || || || ||
comprehensive coverage. ||
An automobile is polluting the environment. What engine component could be the primary
|| || || || || || || || || || || || ||
cause? - ✔✔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? - ✔✔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? - ✔✔Yes. || ||
Fidelity bonds are typically written to be effective for a: - ✔✔Continuous term without an
|| || || || || || || || || || || || || || ||
expiration date. ||
One purpose of a deductible is to: - ✔✔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? - ✔✔A 10 day
|| || || || || || || || || || || || || || || || ||
notice.
||
A ship owner wanting coverage in case crew members bring liability suits for injuries
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sustained while working would purchase: - ✔✔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? - ✔✔Premium Discount.
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What is an example of a moral hazard? - ✔✔Embezzlement
|| || || || || || || || ||
|| || || || || || || || || ||
verified detailed answers || ||
Dram Shop Liability refers to: - ✔✔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? - ✔✔Neglect.
|| || || || || || || || || || ||
To be eligible for the New York assigned risk auto plan a person must: - ✔✔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: - ✔✔One Year.
|| || || || || || || || || || || || || ||
A typical benefit design for a long term care policy does not include a: - ✔✔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? -
|| || || || || || || || || || || || || || || || || ||
✔✔30 Days. ||
A common carrier is not held liable for the loss of a shipper's goods when the loss results
|| || || || || || || || || || || || || || || || || ||
from: - ✔✔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? - ✔✔Only an insurance regulatory official.
|| || || || || || || || || ||
,When is a passenger first covered under an aircraft policy? - ✔✔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? - ✔✔$1,000 if the flood is imminent and the property is in danger of flooding.
|| || || || || || || || || || || || || || || ||
Which Commercial Forms would cover sinkhole collapse? - ✔✔Basic, Broad, and Special.
|| || || || || || || || || || ||
______ is a movement allowed by certain joints of the skeleton that decreases the angle
|| || || || || || || || || || || || || || ||
between two adjoining bones. - ✔✔Flexion || || || || ||
The listing of the perils covered is found in which part of a homeowner policy? -
|| || || || || || || || || || || || || || || ||
✔✔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? - ✔✔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? - ✔✔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? - ✔✔Mr. Vickers || || || || || || || || || || || ||
comprehensive coverage. ||
An automobile is polluting the environment. What engine component could be the primary
|| || || || || || || || || || || || ||
cause? - ✔✔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? - ✔✔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? - ✔✔Yes. || ||
Fidelity bonds are typically written to be effective for a: - ✔✔Continuous term without an
|| || || || || || || || || || || || || || ||
expiration date. ||
One purpose of a deductible is to: - ✔✔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? - ✔✔A 10 day
|| || || || || || || || || || || || || || || || ||
notice.
||
A ship owner wanting coverage in case crew members bring liability suits for injuries
|| || || || || || || || || || || || || ||
sustained while working would purchase: - ✔✔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? - ✔✔Premium Discount.
|| || || || || || || || || || || || ||
What is an example of a moral hazard? - ✔✔Embezzlement
|| || || || || || || || ||
