NEW YORK INDEPENDENT GENERAL ADJUSTER EXAM SIMULATOR -
SERIES 17-70 COVERAGE
The Exam Simulator for the Series 17-70 Independent General Adjuster
exam, aligned with standards from the New York State Department of
Financial Services, is designed to prepare candidates through realistic
practice scenarios and question formats similar to the actual licensing
test. The coverage includes property and casualty insurance
fundamentals, policy analysis, and interpretation of coverage
provisions. It also focuses on claims handling processes such as
investigation, loss evaluation, documentation, and settlement
practices. Additional areas include New York insurance laws, ethical
responsibilities, fraud identification, and compliance requirements.
Overall, the simulator helps candidates strengthen their knowledge,
improve test readiness, and build confidence in applying adjusting
principles in exam-like conditions.
,Which of the following is correct in order for the additional coverage
of "collapse" to be available under special BOP?
The collapse must be such that the building can not be used as
intended
The remaining part of the structure standing must be demolished
The remaining part of the structure must be judged unsound to
rebuild on
The building must be leaning, settling or in danger of collapsing
The correct answer is: The collapse must be such that the building can
not be used as intended.
EXPLANATION:
The definition of collapse in the policy is the "abrupt falling down or
,caving in of the structure or part of the structure" and it must render
the building as unusable as intended.
, Which of the following is true regarding dealers physical damage
coverage under a garage policy?
It is a blanket limit for covered autos.
It extends coverage to customers' autos.
It is an annual maximum limit for comprehensive and collision losses.
It is a maximum limit per auto.
It is a blanket limit for covered autos.
EXPLANATION:
The dealer's physical damage limit would be done on a blanket limit
basis. This would apply to comprehensive and collision losses to the
auto inventory of the dealer. This is done because it is simply not
practical to schedule each dealer owned vehicle for physical damage.
This is generally accomplished by the use of a monthly reporting form.
SERIES 17-70 COVERAGE
The Exam Simulator for the Series 17-70 Independent General Adjuster
exam, aligned with standards from the New York State Department of
Financial Services, is designed to prepare candidates through realistic
practice scenarios and question formats similar to the actual licensing
test. The coverage includes property and casualty insurance
fundamentals, policy analysis, and interpretation of coverage
provisions. It also focuses on claims handling processes such as
investigation, loss evaluation, documentation, and settlement
practices. Additional areas include New York insurance laws, ethical
responsibilities, fraud identification, and compliance requirements.
Overall, the simulator helps candidates strengthen their knowledge,
improve test readiness, and build confidence in applying adjusting
principles in exam-like conditions.
,Which of the following is correct in order for the additional coverage
of "collapse" to be available under special BOP?
The collapse must be such that the building can not be used as
intended
The remaining part of the structure standing must be demolished
The remaining part of the structure must be judged unsound to
rebuild on
The building must be leaning, settling or in danger of collapsing
The correct answer is: The collapse must be such that the building can
not be used as intended.
EXPLANATION:
The definition of collapse in the policy is the "abrupt falling down or
,caving in of the structure or part of the structure" and it must render
the building as unusable as intended.
, Which of the following is true regarding dealers physical damage
coverage under a garage policy?
It is a blanket limit for covered autos.
It extends coverage to customers' autos.
It is an annual maximum limit for comprehensive and collision losses.
It is a maximum limit per auto.
It is a blanket limit for covered autos.
EXPLANATION:
The dealer's physical damage limit would be done on a blanket limit
basis. This would apply to comprehensive and collision losses to the
auto inventory of the dealer. This is done because it is simply not
practical to schedule each dealer owned vehicle for physical damage.
This is generally accomplished by the use of a monthly reporting form.
