NY Independent General Adjuster Exam with 100% accurate
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detailed solutions ||
Which of the following is covered by a dread disease policy? - ✔✔illnesses that do not occur
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frequently but incur significant costs when they do occur
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Which of the following professionals would purchase Directors and Officers (D &O)
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insurance to manage the liability risk associated with their activities? - ✔✔chief executive
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officer
For the commercial general liability coverages of bodily injury, property damage and
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medical payments, which of the following limits of insurance apply if the aggregate limit is
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NOT met? - ✔✔per occurrence
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An injured employee covered under workers' compensation is entitled to reasonably
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justifiable expenses for retraining. This benefit falls under which of the following? -
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✔✔vocational rehabilitation ||
Which of the following is the party who agrees to be responsible for loss in the case of a
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fidelity bond? - ✔✔the surety || || || ||
What increases the potential loss of an unforeseen event that causes injury to an insured or
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damage to property? - ✔✔Hazard || || || ||
Which of the following sides represent the front surface of the patient? - ✔✔anterior
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Which party is required to provide proof of loss to establish entitlement? - ✔✔the insured
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, What does homeowners Coverage B - Other Structures cover? - ✔✔structures located on
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the insured's property separated from the dwelling by clear space
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Which of the following is a duty of the insured after a loss? - ✔✔minimizing further loss
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When an agent tries to convince a policyholder to replace an existing policy to buy another
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one, what are they practicing? - ✔✔misrepresentation
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How long is the broad theft coverage endorsement invalid if the property is vacant? -
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✔✔More than 60 consecutive days || || || ||
The insured is mowing his lawn when a stranger is noticed in the backyard. The stranger
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claims to be a substitute delivery person. Several days later a gold watch can not be found.
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Which of the following describes the loss? - ✔✔mysterious disappearance
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Before taking legal action, what third-party can help end disputes over the value of a loss? -
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✔✔arbitrator
The Liability section of the Farmowners Policy would exclude coverage for which of the
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following operations? - ✔✔Repairing tractors owned by neighboring farmers.
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All of the following are tax qualified retirement plans EXCEPT - ✔✔Section 529 plan.
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Which policy condition encourages policyholder to insure to at least 80% of replacement
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value to avoid a penalty with partial losses? - ✔✔coinsurance
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Which one of the following represents an advantage of obtaining a policy loan vesus a
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withdrawal? - ✔✔the loan is not taxed while a withdrawal is taxed for amounts above the
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contract cost basis || ||
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detailed solutions ||
Which of the following is covered by a dread disease policy? - ✔✔illnesses that do not occur
|| || || || || || || || || || || || || || || ||
frequently but incur significant costs when they do occur
|| || || || || || || || ||
Which of the following professionals would purchase Directors and Officers (D &O)
|| || || || || || || || || || || ||
insurance to manage the liability risk associated with their activities? - ✔✔chief executive
|| || || || || || || || || || || || ||
officer
For the commercial general liability coverages of bodily injury, property damage and
|| || || || || || || || || || || ||
medical payments, which of the following limits of insurance apply if the aggregate limit is
|| || || || || || || || || || || || || || ||
NOT met? - ✔✔per occurrence
|| || || ||
An injured employee covered under workers' compensation is entitled to reasonably
|| || || || || || || || || || ||
justifiable expenses for retraining. This benefit falls under which of the following? -
|| || || || || || || || || || || || ||
✔✔vocational rehabilitation ||
Which of the following is the party who agrees to be responsible for loss in the case of a
|| || || || || || || || || || || || || || || || || || ||
fidelity bond? - ✔✔the surety || || || ||
What increases the potential loss of an unforeseen event that causes injury to an insured or
|| || || || || || || || || || || || || || || ||
damage to property? - ✔✔Hazard || || || ||
Which of the following sides represent the front surface of the patient? - ✔✔anterior
|| || || || || || || || || || || || ||
Which party is required to provide proof of loss to establish entitlement? - ✔✔the insured
|| || || || || || || || || || || || || ||
, What does homeowners Coverage B - Other Structures cover? - ✔✔structures located on
|| || || || || || || || || || || || ||
the insured's property separated from the dwelling by clear space
|| || || || || || || || ||
Which of the following is a duty of the insured after a loss? - ✔✔minimizing further loss
|| || || || || || || || || || || || || || || ||
When an agent tries to convince a policyholder to replace an existing policy to buy another
|| || || || || || || || || || || || || || || ||
one, what are they practicing? - ✔✔misrepresentation
|| || || || || ||
How long is the broad theft coverage endorsement invalid if the property is vacant? -
|| || || || || || || || || || || || || || ||
✔✔More than 60 consecutive days || || || ||
The insured is mowing his lawn when a stranger is noticed in the backyard. The stranger
|| || || || || || || || || || || || || || || ||
claims to be a substitute delivery person. Several days later a gold watch can not be found.
|| || || || || || || || || || || || || || || || ||
Which of the following describes the loss? - ✔✔mysterious disappearance
|| || || || || || || || ||
Before taking legal action, what third-party can help end disputes over the value of a loss? -
|| || || || || || || || || || || || || || || || ||
✔✔arbitrator
The Liability section of the Farmowners Policy would exclude coverage for which of the
|| || || || || || || || || || || || || ||
following operations? - ✔✔Repairing tractors owned by neighboring farmers.
|| || || || || || || ||
All of the following are tax qualified retirement plans EXCEPT - ✔✔Section 529 plan.
|| || || || || || || || || || || || ||
Which policy condition encourages policyholder to insure to at least 80% of replacement
|| || || || || || || || || || || || ||
value to avoid a penalty with partial losses? - ✔✔coinsurance
|| || || || || || || || ||
Which one of the following represents an advantage of obtaining a policy loan vesus a
|| || || || || || || || || || || || || || ||
withdrawal? - ✔✔the loan is not taxed while a withdrawal is taxed for amounts above the
|| || || || || || || || || || || || || || || ||
contract cost basis || ||
