NY GENERAL ADJUSTER TEST (10-70) 160 QUESTIONS & VERIFIED
ANSWERS/ 2024
1. 12/1 - even numbered yrs: On what date does an adjuster's license need to be
renewed?
2. $1,000: What is the amount of bond that must be posted to obtain and adjuster's
license?
3. Not until hearing held: When can the Superintendent of Insurance revoke an
adjuster's license?
a. anytime b. by sending a 30 day notice of the renovation c. not until a hearing is held d.
When proof of offense has been received
4. Example of unfair claim settlement act: Failing to acknowledge within a reason- able
time, communications w/ respect to claims arising out of the insurer's policies
5. An ins regulatory official such as Superintendent of Insurance: If found guilty of Fed
Insurance fraud, who can permit a guilty individual to return to the insurance business?
a. federal official b. no one since this is federal offense c.an ins regulatory official i.e. Super
of Ins d. only court of law after proper hearing
6. To provide some form of compulsory insurance: What is the reason for the NY financial
responsibility law?
7. Is a mandatory coverage: In NY must uninsured motorist coverage: a. is optional
b. mandatory c. doesn't require sign off for > limits d. doesn't cover "hit & run" drivers
8. The insured's property damage coverage: Damage to a rental car is paid in NY under
which of the following coverages: a. insured's physical damage b. property damage covg c.
special endorsement d. must be purchased from rental agency
9. Who must belong to the assigned risk plan?: All admitted auto insurers selling auto
insurance in NY
10. Covers the employer when the employee is using their vehicle on company business.:
What does the employer's non-ownership coverage cover?Covers the employer when the
employee is using their vehicle on company business.
11. Pain & Suffering: Which is not covered under worker's comp coverage?
a. med expenses b. pain & suffering c. loss of wages d. funeral expenses
12. The court: Who makes a declaratory judgment as to the merits of a claim?
a. claims adj b. insurer attorney c. court d. claimants attorney
13. Vicarious: What type of liability does an employer assume through their employ- ees?
a. primary b. contingent c. vicarious d. no fault
14. The insuring agreement: What part of the policy contains the promises made by the
insurance company to the insured? a. conditions clause b. definitions c. exceptions to
exclusions d. insuring agreement
15. At the time of the loss: In property & casualty insurance, when must a person
absolutely have an insurable interest? a. time of app completion b. time of loss c. at any time
d. insuring agreement
1/
, 16. Definition of consideration: Something that has value in the eyes of the law in which a
promise receives something in return for a promise
17. Aleatory: The promise by one party that is conditioned on a fortuitous event and the
values given by the parties are unequal is called?
a. executory b. aleatory c. speculation d. a static risk
18. Violent act that is dangerous to human life and property: What constitutes an act of
terrorism
19. Losses over $5,000,000: How much property and casualty los must be sus- tained to
be considered an act of terrorism to be covered by the Terrorism Risk Insurance Act of
2002
20. Act of terrorism & covered under Terrorism Risk Act of 2002, act must be committed
by?: Individual(s) acting on behalf of any foreign person or interest in an effort to coerce
the civilian pop. of USA
21. A friend helping insured lay carpet: Who would be covered under homeowner med
payments?
a. friend helping insured lay carpet b. foreign exchange student living w/ insured c. tenant
of insured's residence d. son of insured bitten by family dog
22. Homeowner policy: Which personal insurance policy covers w/out endorse- ment,
both personal property & personal liability coverages?
a. DP-3 form b. personal articles floater c. homeowner policy d. personal property floater
23. An abrupt falling down or caving in of the structure: Under new 2000
homeowner forms, what is definition of collapse?
24. A golf cart used to play golf off insured's premises: Which of the following would be
covered under the HO policy of liability? a. golf cart used to play golf on premises b.
unlicensed recreational dirt bike used in state park c. 50 hp motor boat owned by insured d.
antique car used in parade
25. When stored on the insured's premises in a garage: Under what circum- stances
would the liability section of the homeowner policy cover an inboard motor boat owned by
the insured? a. when used on fresh water rivers & lakes b. when hp is 25hp or less c. when
stored in garage on premises d. when loaned to friend
26. Lightning: Which of the following would be covered under the other than colli- sion
coverage of a personal auto policy? a. wear & tear
b. freezing c. punctured tire d. lightning
27. Pickup truck used in any business: Which of the following is not considered a covered
auto?
28. $200,000: A commercial liability policy has a $600K aggregate limit and a
$200,000/occurrence limit. They had one claim for $300K and a 2nd for $200K. How much
coverage is available if the insured company has a 3rd claim?
2/
ANSWERS/ 2024
1. 12/1 - even numbered yrs: On what date does an adjuster's license need to be
renewed?
2. $1,000: What is the amount of bond that must be posted to obtain and adjuster's
license?
3. Not until hearing held: When can the Superintendent of Insurance revoke an
adjuster's license?
a. anytime b. by sending a 30 day notice of the renovation c. not until a hearing is held d.
When proof of offense has been received
4. Example of unfair claim settlement act: Failing to acknowledge within a reason- able
time, communications w/ respect to claims arising out of the insurer's policies
5. An ins regulatory official such as Superintendent of Insurance: If found guilty of Fed
Insurance fraud, who can permit a guilty individual to return to the insurance business?
a. federal official b. no one since this is federal offense c.an ins regulatory official i.e. Super
of Ins d. only court of law after proper hearing
6. To provide some form of compulsory insurance: What is the reason for the NY financial
responsibility law?
7. Is a mandatory coverage: In NY must uninsured motorist coverage: a. is optional
b. mandatory c. doesn't require sign off for > limits d. doesn't cover "hit & run" drivers
8. The insured's property damage coverage: Damage to a rental car is paid in NY under
which of the following coverages: a. insured's physical damage b. property damage covg c.
special endorsement d. must be purchased from rental agency
9. Who must belong to the assigned risk plan?: All admitted auto insurers selling auto
insurance in NY
10. Covers the employer when the employee is using their vehicle on company business.:
What does the employer's non-ownership coverage cover?Covers the employer when the
employee is using their vehicle on company business.
11. Pain & Suffering: Which is not covered under worker's comp coverage?
a. med expenses b. pain & suffering c. loss of wages d. funeral expenses
12. The court: Who makes a declaratory judgment as to the merits of a claim?
a. claims adj b. insurer attorney c. court d. claimants attorney
13. Vicarious: What type of liability does an employer assume through their employ- ees?
a. primary b. contingent c. vicarious d. no fault
14. The insuring agreement: What part of the policy contains the promises made by the
insurance company to the insured? a. conditions clause b. definitions c. exceptions to
exclusions d. insuring agreement
15. At the time of the loss: In property & casualty insurance, when must a person
absolutely have an insurable interest? a. time of app completion b. time of loss c. at any time
d. insuring agreement
1/
, 16. Definition of consideration: Something that has value in the eyes of the law in which a
promise receives something in return for a promise
17. Aleatory: The promise by one party that is conditioned on a fortuitous event and the
values given by the parties are unequal is called?
a. executory b. aleatory c. speculation d. a static risk
18. Violent act that is dangerous to human life and property: What constitutes an act of
terrorism
19. Losses over $5,000,000: How much property and casualty los must be sus- tained to
be considered an act of terrorism to be covered by the Terrorism Risk Insurance Act of
2002
20. Act of terrorism & covered under Terrorism Risk Act of 2002, act must be committed
by?: Individual(s) acting on behalf of any foreign person or interest in an effort to coerce
the civilian pop. of USA
21. A friend helping insured lay carpet: Who would be covered under homeowner med
payments?
a. friend helping insured lay carpet b. foreign exchange student living w/ insured c. tenant
of insured's residence d. son of insured bitten by family dog
22. Homeowner policy: Which personal insurance policy covers w/out endorse- ment,
both personal property & personal liability coverages?
a. DP-3 form b. personal articles floater c. homeowner policy d. personal property floater
23. An abrupt falling down or caving in of the structure: Under new 2000
homeowner forms, what is definition of collapse?
24. A golf cart used to play golf off insured's premises: Which of the following would be
covered under the HO policy of liability? a. golf cart used to play golf on premises b.
unlicensed recreational dirt bike used in state park c. 50 hp motor boat owned by insured d.
antique car used in parade
25. When stored on the insured's premises in a garage: Under what circum- stances
would the liability section of the homeowner policy cover an inboard motor boat owned by
the insured? a. when used on fresh water rivers & lakes b. when hp is 25hp or less c. when
stored in garage on premises d. when loaned to friend
26. Lightning: Which of the following would be covered under the other than colli- sion
coverage of a personal auto policy? a. wear & tear
b. freezing c. punctured tire d. lightning
27. Pickup truck used in any business: Which of the following is not considered a covered
auto?
28. $200,000: A commercial liability policy has a $600K aggregate limit and a
$200,000/occurrence limit. They had one claim for $300K and a 2nd for $200K. How much
coverage is available if the insured company has a 3rd claim?
2/
