NY INDEPENDENT GENERAL ADJUSTER EXA
- SERIES 17-70 QUESTIONS AND ANSWERS
100% PASS (SPRING)
Dram Shop Liability refers to: ✔✔Liquor Law Liability.
The insured has suffered a covered loss under his DP-3 dwelling form. He fails to protect
theproperty from further loss. The additional loss that occurs as a result of his inactions
may be denied because of what clause in the policy? ✔✔Neglect.
To be eligible for the New York assigned risk auto plan a person must: ✔✔Hold a valid driver's
license.
Any insurance adjuster whose license has been revoked for cause will not be entitled to apply
forany other insurance license in New York until at least: ✔✔One Year.
A typical benefit design for a long term care policy does not include a: ✔✔Conditionally or
optionally renewability feature.
In New York the workers compensation program is administered by the Workers
CompensationBoard 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? ✔✔30
Days.
A common carrier is not held liable for the loss of a shipper's goods when the loss results from:
✔✔An Act of God.
If one is found guilty of federal insurance fraud, who can permit the guilty individual to
return tothe insurance business? ✔✔Only an insurance regulatory official.
When is a passenger first covered under an aircraft policy? ✔✔When Entering the Aircraft.
If an insured takes precautionary measures to protect property from flood damage such as
creating a retaining wall of sand bags, how much coverage if any, will be provided by a
floodpolicy? ✔✔$1,000 if the flood is imminent and the property is in danger of flooding.
Which Commercial Forms would cover sinkhole collapse? ✔✔Basic, Broad, and Special.
is a movement allowed by certain joints of the skeleton that decreases the angle
betweentwo adjoining bones. ✔✔Flexion
,The listing of the perils covered is found in which part of a homeowner policy? ✔✔Insuring
Agreement.
If a dog owned by a customer is injured in the parking lot of a store, is that considered
bodilyinjury under liability coverage? ✔✔No. The dog is property and would be consider
property
damage.
The Superintendent of Insurance may approve the employment, appointment or
participation ofany person whose license has been revoked. Karen Jones had her license
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? ✔✔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? ✔✔Mr. Vickers
comprehensive coverage.
, An automobile is polluting the environment. What engine component could be the
primarycause? ✔✔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? ✔✔20%
Workers compensation policies also include employer's liability coverage. If any employer
failsto maintain the equipment and an employee is injured, would it be covered under this
coverage?
✔✔Yes.
Fidelity bonds are typically written to be effective for a: ✔✔Continuous term without an
expiration date.
One purpose of a deductible is to: ✔✔Eliminate small claims.
- SERIES 17-70 QUESTIONS AND ANSWERS
100% PASS (SPRING)
Dram Shop Liability refers to: ✔✔Liquor Law Liability.
The insured has suffered a covered loss under his DP-3 dwelling form. He fails to protect
theproperty from further loss. The additional loss that occurs as a result of his inactions
may be denied because of what clause in the policy? ✔✔Neglect.
To be eligible for the New York assigned risk auto plan a person must: ✔✔Hold a valid driver's
license.
Any insurance adjuster whose license has been revoked for cause will not be entitled to apply
forany other insurance license in New York until at least: ✔✔One Year.
A typical benefit design for a long term care policy does not include a: ✔✔Conditionally or
optionally renewability feature.
In New York the workers compensation program is administered by the Workers
CompensationBoard 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? ✔✔30
Days.
A common carrier is not held liable for the loss of a shipper's goods when the loss results from:
✔✔An Act of God.
If one is found guilty of federal insurance fraud, who can permit the guilty individual to
return tothe insurance business? ✔✔Only an insurance regulatory official.
When is a passenger first covered under an aircraft policy? ✔✔When Entering the Aircraft.
If an insured takes precautionary measures to protect property from flood damage such as
creating a retaining wall of sand bags, how much coverage if any, will be provided by a
floodpolicy? ✔✔$1,000 if the flood is imminent and the property is in danger of flooding.
Which Commercial Forms would cover sinkhole collapse? ✔✔Basic, Broad, and Special.
is a movement allowed by certain joints of the skeleton that decreases the angle
betweentwo adjoining bones. ✔✔Flexion
,The listing of the perils covered is found in which part of a homeowner policy? ✔✔Insuring
Agreement.
If a dog owned by a customer is injured in the parking lot of a store, is that considered
bodilyinjury under liability coverage? ✔✔No. The dog is property and would be consider
property
damage.
The Superintendent of Insurance may approve the employment, appointment or
participation ofany person whose license has been revoked. Karen Jones had her license
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? ✔✔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? ✔✔Mr. Vickers
comprehensive coverage.
, An automobile is polluting the environment. What engine component could be the
primarycause? ✔✔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? ✔✔20%
Workers compensation policies also include employer's liability coverage. If any employer
failsto maintain the equipment and an employee is injured, would it be covered under this
coverage?
✔✔Yes.
Fidelity bonds are typically written to be effective for a: ✔✔Continuous term without an
expiration date.
One purpose of a deductible is to: ✔✔Eliminate small claims.
