NEW YORK INDEPENDENT GENERAL ADJUSTER EXAM SERIES 17-70
NEW YORK INDEPENDENT GENERAL ADJUSTER EXAM (SERIES 17-70)
COVERAGE
The New York Independent General Adjuster Exam (Series 17-70)
evaluates knowledge of insurance adjusting practices, policy
interpretation, and New York insurance regulations. The exam
coverage includes property and casualty insurance fundamentals,
claims investigation procedures, and loss evaluation methods. It also
assesses understanding of liability determination, negligence
principles, subrogation, and settlement negotiation. Additional areas
include handling homeowners, commercial property, auto, and
general liability claims, including coverage limits, exclusions, and
endorsements. The exam further covers adjuster ethics,
,documentation requirements, fraud detection, and New York-specific
licensing laws and claim handling regulations.
,The insured owns a motorhome that is not covered by the insured's
Personal Auto policy. This vehicle can be added to the policy by using
which of the following endorsements?
Miscellaneous Type Vehicle endorsement
Special Type Vehicle endorsement
Recreational Vehicle endorsement
Motorhome endorsement
The correct answer is: Miscellaneous Type Vehicle endorsement.
EXPLANATION:
The Miscellaneous Type Vehicle endorsement can be used to cover
motorhomes, motorcycles, etc.
, 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.
NEW YORK INDEPENDENT GENERAL ADJUSTER EXAM (SERIES 17-70)
COVERAGE
The New York Independent General Adjuster Exam (Series 17-70)
evaluates knowledge of insurance adjusting practices, policy
interpretation, and New York insurance regulations. The exam
coverage includes property and casualty insurance fundamentals,
claims investigation procedures, and loss evaluation methods. It also
assesses understanding of liability determination, negligence
principles, subrogation, and settlement negotiation. Additional areas
include handling homeowners, commercial property, auto, and
general liability claims, including coverage limits, exclusions, and
endorsements. The exam further covers adjuster ethics,
,documentation requirements, fraud detection, and New York-specific
licensing laws and claim handling regulations.
,The insured owns a motorhome that is not covered by the insured's
Personal Auto policy. This vehicle can be added to the policy by using
which of the following endorsements?
Miscellaneous Type Vehicle endorsement
Special Type Vehicle endorsement
Recreational Vehicle endorsement
Motorhome endorsement
The correct answer is: Miscellaneous Type Vehicle endorsement.
EXPLANATION:
The Miscellaneous Type Vehicle endorsement can be used to cover
motorhomes, motorcycles, etc.
, 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.
