NY Independent General Adjuster Exam -
Series 17-70 Graded A+ 2024
______ is a movement allowed by certain joints of the skeleton that decreases the
angle between two adjoining bones. - ANS-Flexion
A "residual disability benefit" provides an income benefit if an insured: - ANS-becomes
residually disabled..
A business auto policy has a $100,000 limit of insurance for liability coverage. As a
result of an automobile accident involving a covered auto, two people are injured. The
first injured party sues the named insured and wins a $150,000 judgment. The insurer
pays its limit of insurance. If the other injured party later sues the insured, the insurer
will: - ANS-Deny further obligations to the insured as a result of the other injured party..
A car has had the front sheet metal replaced. The fender-to-door gap is wider on the
passenger side than on the driver side and the hood appears out of alignment.
Technician A says that only the hood latch is misaligned. Technician B says the front
structure of the vehicle is not dimensionally correct. Who is right? - ANS-Technician B
only.
A commercial inland marine condition defining the insurer's subrogation rights: - ANS-
Guarantees the insurer's ability to recover from a third party who is responsible for a
covered loss..
A common carrier is not held liable for the loss of a shipper's goods when the loss
results from: - ANS-An Act of God.
A company has been hired to determine the extent of pollution damage and recommend
methods of its removal. However, it fails to identify some of the pollutants. What
coverage might this company need to cover their liability exposures? - ANS-
Environmental Errors and Omissions Coverage.
A contract between a public adjuster and an insured must be: - ANS-In Written Form.
A customer has eaten seafood in a restaurant and became very ill. What type of CGL
claim is this? - ANS-Premises Liability.
A homeowner with personal property insured for $60,000 had a fire which destroyed
everything. The total value of the personal property at the time of the loss was only
$50,000. What principle would be violated if her insurer paid her more than $50,000? -
ANS-Principle of Indemnity.
, A licensee must report to the Superintendent of Insurance any administrative action
taken against the licensee in another jurisdiction or by another governmental agency in
this state within _____ of the final disposition of the matter. - ANS-30 Days.
A ship owner wanting coverage in case crew members bring liability suits for injuries
sustained while working would purchase: - ANS-Protection and Indemnity
A sudden and unexpected event is known as: - ANS-An Accident.
A tenant leases space in a building. The tenant's space is damaged by fire. When will
the commercial Property Policy pay for the damage? - ANS-When the owner of the
building submits proof of loss for the damage.
A trailer leased by the named insured from another business is a covered auto under
the insured's BAP. While the trailer is connected to a covered truck-tractor owned by the
insured, the BAP provides: - ANS-Primarily liability coverage on the trailer.
A typical benefit design for a long term care policy does not include a: - ANS-
Conditionally or optionally renewability feature.
A typical directors and officers liability policy does not cover: - ANS-The corporation for
suits brought against it because of the actions of the officers and directors.
A written modification of an insurance policy is known as: - ANS-Endorsement
According to the commercial auto policy definitions, an "accident": - ANS-Includes
continuous or repeated exposure to the same conditions.
After receiving an inquiry from the Insurance Department regarding a claim, an insurer
must respond within: - ANS-10 days.
An automobile is polluting the environment. What engine component could be the
primary cause? - ANS-Catalytic Converter Malfunction.
An employee has been asked to use his own personal vehicle to perform certain tasks
on behalf of his employer. What coverage is used under the business auto policy to
protect the employer for lawsuits when the employee has an accident that causes legal
action against the employer? - ANS-Employers non-ownership coverage.
An employee suffered a severe injury while operating a piece of machinery known to be
in need of repair. Unfamiliar with the workers compensation law, the spouse sued the
employer, claiming loss of consortium. What coverage if any in a standard workers
compensation policy would respond to this lawsuit? - ANS-Employer's Liability
Coverage.
Series 17-70 Graded A+ 2024
______ is a movement allowed by certain joints of the skeleton that decreases the
angle between two adjoining bones. - ANS-Flexion
A "residual disability benefit" provides an income benefit if an insured: - ANS-becomes
residually disabled..
A business auto policy has a $100,000 limit of insurance for liability coverage. As a
result of an automobile accident involving a covered auto, two people are injured. The
first injured party sues the named insured and wins a $150,000 judgment. The insurer
pays its limit of insurance. If the other injured party later sues the insured, the insurer
will: - ANS-Deny further obligations to the insured as a result of the other injured party..
A car has had the front sheet metal replaced. The fender-to-door gap is wider on the
passenger side than on the driver side and the hood appears out of alignment.
Technician A says that only the hood latch is misaligned. Technician B says the front
structure of the vehicle is not dimensionally correct. Who is right? - ANS-Technician B
only.
A commercial inland marine condition defining the insurer's subrogation rights: - ANS-
Guarantees the insurer's ability to recover from a third party who is responsible for a
covered loss..
A common carrier is not held liable for the loss of a shipper's goods when the loss
results from: - ANS-An Act of God.
A company has been hired to determine the extent of pollution damage and recommend
methods of its removal. However, it fails to identify some of the pollutants. What
coverage might this company need to cover their liability exposures? - ANS-
Environmental Errors and Omissions Coverage.
A contract between a public adjuster and an insured must be: - ANS-In Written Form.
A customer has eaten seafood in a restaurant and became very ill. What type of CGL
claim is this? - ANS-Premises Liability.
A homeowner with personal property insured for $60,000 had a fire which destroyed
everything. The total value of the personal property at the time of the loss was only
$50,000. What principle would be violated if her insurer paid her more than $50,000? -
ANS-Principle of Indemnity.
, A licensee must report to the Superintendent of Insurance any administrative action
taken against the licensee in another jurisdiction or by another governmental agency in
this state within _____ of the final disposition of the matter. - ANS-30 Days.
A ship owner wanting coverage in case crew members bring liability suits for injuries
sustained while working would purchase: - ANS-Protection and Indemnity
A sudden and unexpected event is known as: - ANS-An Accident.
A tenant leases space in a building. The tenant's space is damaged by fire. When will
the commercial Property Policy pay for the damage? - ANS-When the owner of the
building submits proof of loss for the damage.
A trailer leased by the named insured from another business is a covered auto under
the insured's BAP. While the trailer is connected to a covered truck-tractor owned by the
insured, the BAP provides: - ANS-Primarily liability coverage on the trailer.
A typical benefit design for a long term care policy does not include a: - ANS-
Conditionally or optionally renewability feature.
A typical directors and officers liability policy does not cover: - ANS-The corporation for
suits brought against it because of the actions of the officers and directors.
A written modification of an insurance policy is known as: - ANS-Endorsement
According to the commercial auto policy definitions, an "accident": - ANS-Includes
continuous or repeated exposure to the same conditions.
After receiving an inquiry from the Insurance Department regarding a claim, an insurer
must respond within: - ANS-10 days.
An automobile is polluting the environment. What engine component could be the
primary cause? - ANS-Catalytic Converter Malfunction.
An employee has been asked to use his own personal vehicle to perform certain tasks
on behalf of his employer. What coverage is used under the business auto policy to
protect the employer for lawsuits when the employee has an accident that causes legal
action against the employer? - ANS-Employers non-ownership coverage.
An employee suffered a severe injury while operating a piece of machinery known to be
in need of repair. Unfamiliar with the workers compensation law, the spouse sued the
employer, claiming loss of consortium. What coverage if any in a standard workers
compensation policy would respond to this lawsuit? - ANS-Employer's Liability
Coverage.
