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NY INDEPENDENT GENERAL
ADJUSTER EXAM - SERIES
17-70
Dram Shop Liability refers to: - ANSWER-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? - ANSWER-
Neglect.
To be eligible for the New York assigned risk auto plan a person
must: - ANSWER-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Any insurance adjuster whose license has been revoked for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: - ANSWER-One Year.
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A typical benefit design for a long term care policy does not
include a: - ANSWER-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? - ANSWER-30 Days.
A common carrier is not held liable for the loss of a shipper's
goods when the loss results from: - ANSWER-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? -
ANSWER-Only an insurance regulatory official.
When is a passenger first covered under an aircraft policy? -
ANSWER-When Entering the Aircraft.
If an insured takes precautionary measures to protect property
from flood damage such as creating a retaining wall of sand
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bags, how much coverage if any, will be provided by a flood
policy? - ANSWER-$1,000 if the flood is imminent and the
property is in danger of flooding.
Which Commercial Forms would cover sinkhole collapse? -
ANSWER-Basic, Broad, and Special.
______ is a movement allowed by certain joints of the skeleton
that decreases the angle between two adjoining bones. -
ANSWER-Flexion
The listing of the perils covered is found in which part of a
homeowner policy? - ANSWER-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? -
ANSWER-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
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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? - ANSWER-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? - ANSWER-Mr. Vickers
comprehensive coverage.
An automobile is polluting the environment. What engine
component could be the primary cause? - ANSWER-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? - ANSWER-20%
Workers compensation policies also include employer's liability
coverage. If any employer fails to maintain the equipment and
NY INDEPENDENT GENERAL
ADJUSTER EXAM - SERIES
17-70
Dram Shop Liability refers to: - ANSWER-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? - ANSWER-
Neglect.
To be eligible for the New York assigned risk auto plan a person
must: - ANSWER-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: - ANSWER-One Year.
, Page | 2
A typical benefit design for a long term care policy does not
include a: - ANSWER-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? - ANSWER-30 Days.
A common carrier is not held liable for the loss of a shipper's
goods when the loss results from: - ANSWER-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? -
ANSWER-Only an insurance regulatory official.
When is a passenger first covered under an aircraft policy? -
ANSWER-When Entering the Aircraft.
If an insured takes precautionary measures to protect property
from flood damage such as creating a retaining wall of sand
, Page | 3
bags, how much coverage if any, will be provided by a flood
policy? - ANSWER-$1,000 if the flood is imminent and the
property is in danger of flooding.
Which Commercial Forms would cover sinkhole collapse? -
ANSWER-Basic, Broad, and Special.
______ is a movement allowed by certain joints of the skeleton
that decreases the angle between two adjoining bones. -
ANSWER-Flexion
The listing of the perils covered is found in which part of a
homeowner policy? - ANSWER-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? -
ANSWER-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
, Page | 4
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? - ANSWER-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? - ANSWER-Mr. Vickers
comprehensive coverage.
An automobile is polluting the environment. What engine
component could be the primary cause? - ANSWER-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? - ANSWER-20%
Workers compensation policies also include employer's liability
coverage. If any employer fails to maintain the equipment and
