NEW YORK INDEPENDENT GENERAL ADJUSTER
EXAM SIMULATOR – 2026/2027 SERIES 17-70 ACTUAL
EXAM QUESTIONS AND CORRECT DETAILED
ANSWERS |BRAND NEW!!
Which of the following would NOT be found in the
conditions section of a homeowners insurance policy?
Subrogation rights
Duties of the insured
Insurance premium
Mortgagee clause - ANSWER-The insurance premium is
not shown in the conditions section of the homeowner
policy.
,In cases of comparative negligence, the proportional share
of each party in the entire liability will be based on:
Relative degree of fault.
Last clear chance rule.
Intervening cause.
Contributory negligence. - ANSWER-Relative degree of
fault. is correct.
EXPLANATION:
With comparative negligence, liability will be based on the
relative degree of fault or responsibility. The law allows an
injured party to collect from another party for a loss, even
when the injured party contributed to his or her own loss.
,Damages are reduced to the extent of the injured party's
negligence.
Jones Manufacturing produces a product for resale. They
sell all of the items during the 2014 calendar year. During
the year 2014 they are insured by ABC Insurance
Company. In 2015 they change coverage to XYZ
Insurance Company. Late in 2015, a consumer is injured
because of a defect in the insured's product. Who is
responsible for the claim?
The consumer under "Let the Buyer Beware" doctrine.
The ABC Insurance Company as Jones' liability carrier.
The XYZ Insurance Company as Jones' liability carrier.
, A pro-rata agreement will have to be reached between the
ABC and XYZ insurance companies. - ANSWER-The
correct answer is: The XYZ Insurance Company as Jones'
liability carrier..
EXPLANATION:
Though the faulty product was actually manufactured
during the time that ABC was the insurer, the damages did
not occur until XYZ had taken over the liability coverage.
The entity responsibility for a liability or injury claim is the
carrier providing coverage at the time of the injury.
An insured is covered under an HO-3 form. If the insured
hits his own house and also damages the garage and the
attached fence with his vehicle, what coverage would
apply?
EXAM SIMULATOR – 2026/2027 SERIES 17-70 ACTUAL
EXAM QUESTIONS AND CORRECT DETAILED
ANSWERS |BRAND NEW!!
Which of the following would NOT be found in the
conditions section of a homeowners insurance policy?
Subrogation rights
Duties of the insured
Insurance premium
Mortgagee clause - ANSWER-The insurance premium is
not shown in the conditions section of the homeowner
policy.
,In cases of comparative negligence, the proportional share
of each party in the entire liability will be based on:
Relative degree of fault.
Last clear chance rule.
Intervening cause.
Contributory negligence. - ANSWER-Relative degree of
fault. is correct.
EXPLANATION:
With comparative negligence, liability will be based on the
relative degree of fault or responsibility. The law allows an
injured party to collect from another party for a loss, even
when the injured party contributed to his or her own loss.
,Damages are reduced to the extent of the injured party's
negligence.
Jones Manufacturing produces a product for resale. They
sell all of the items during the 2014 calendar year. During
the year 2014 they are insured by ABC Insurance
Company. In 2015 they change coverage to XYZ
Insurance Company. Late in 2015, a consumer is injured
because of a defect in the insured's product. Who is
responsible for the claim?
The consumer under "Let the Buyer Beware" doctrine.
The ABC Insurance Company as Jones' liability carrier.
The XYZ Insurance Company as Jones' liability carrier.
, A pro-rata agreement will have to be reached between the
ABC and XYZ insurance companies. - ANSWER-The
correct answer is: The XYZ Insurance Company as Jones'
liability carrier..
EXPLANATION:
Though the faulty product was actually manufactured
during the time that ABC was the insurer, the damages did
not occur until XYZ had taken over the liability coverage.
The entity responsibility for a liability or injury claim is the
carrier providing coverage at the time of the injury.
An insured is covered under an HO-3 form. If the insured
hits his own house and also damages the garage and the
attached fence with his vehicle, what coverage would
apply?
