NEW YORK INDEPENDENT FIRE
ADJUSTER EXAM SIMULATOR -
SERIES 17-64 Questions and Correct Detailed
Answers (Verified Answers)
QUIZ:Mason has suffered a $42,000 loss to his commercial
building due to fire. The building is covered under the
Building & Personal Property coverage form and had been
vacant for 74 days. The insurer would have paid the entire
loss if the building had been occupied, but what will they
pay because the insured building was considered vacant?
$28,980.
$42,000.
$6,300.
$35,700.
✓✓~ For a loss that would otherwise be covered for the full
amount, a reduction of 15% is taken off the claims payment
because the building was considered vacant. 15% of $42,000 is
$6,300. If $6,300 is subtracted from $42,000, the insured would
receive $35,700.
QUIZ:
The Superintendent of Insurance may issue a _____
temporary permit to an individual to adjust claims while an
adjuster's application is pending.
, 6-month
30-day
1-year
120-day
✓✓~ 120 day
QUIZ:
Under the Federal Insurance Fraud and False Statements
Act, if someone is prohibited from doing business in a state,
approval to resume transacting business must be granted
by:
Submitting a 1033 waiver form and having it approved by
an insurance regulatory official in his or her state.
The State Attorney General.
The United States Secretary of State.
The United States Secretary of Treasury.
✓✓~ Submitting a 1033 waiver form and having it approved by
an insurance regulatory official in his or her state.
QUIZ:
The Dwelling endorsement for Broad Theft Coverage
excludes losses to dwellings that have been vacant for
more than _____ days immediately prior to the loss.
45 days.
ADJUSTER EXAM SIMULATOR -
SERIES 17-64 Questions and Correct Detailed
Answers (Verified Answers)
QUIZ:Mason has suffered a $42,000 loss to his commercial
building due to fire. The building is covered under the
Building & Personal Property coverage form and had been
vacant for 74 days. The insurer would have paid the entire
loss if the building had been occupied, but what will they
pay because the insured building was considered vacant?
$28,980.
$42,000.
$6,300.
$35,700.
✓✓~ For a loss that would otherwise be covered for the full
amount, a reduction of 15% is taken off the claims payment
because the building was considered vacant. 15% of $42,000 is
$6,300. If $6,300 is subtracted from $42,000, the insured would
receive $35,700.
QUIZ:
The Superintendent of Insurance may issue a _____
temporary permit to an individual to adjust claims while an
adjuster's application is pending.
, 6-month
30-day
1-year
120-day
✓✓~ 120 day
QUIZ:
Under the Federal Insurance Fraud and False Statements
Act, if someone is prohibited from doing business in a state,
approval to resume transacting business must be granted
by:
Submitting a 1033 waiver form and having it approved by
an insurance regulatory official in his or her state.
The State Attorney General.
The United States Secretary of State.
The United States Secretary of Treasury.
✓✓~ Submitting a 1033 waiver form and having it approved by
an insurance regulatory official in his or her state.
QUIZ:
The Dwelling endorsement for Broad Theft Coverage
excludes losses to dwellings that have been vacant for
more than _____ days immediately prior to the loss.
45 days.
