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NY INDEPENDENT GENERAL ADJUSTER EXAM - SERIES 17-70 EXAM
LATEST 2025 ACTUAL EXAM WITH COMPLETE QUESTIONS AND
CORRECT DETAILED ANSWERS (100% VERIFIED ANSWERS)
|ALREADY GRADED A+| ||PROFESSOR VERIFIED||
||BRANDNEW!!!||
Mr. Wilson purchases property insurance on a building and fails to
advise the agent that he only owns 50% of the building. This is an
example of: - ANSWER-Misrepresentation.
The "other insurance clause" is included in insurance policies to
deal with: - ANSWER-Duplicate Policies.
Under the farm property form with replacement cost coverage,
after the first $1,000 how is the claim paid? - ANSWER-ACV until
repairs are completed and then the full replacement cost is paid.
An insured has purchased a personal watercraft policy with
liability limits of $300,000 and medical coverage in the amount of
$5,000. The boat accidentally tips over and both the insured and
a friend are injured. Who would be covered under the medical
payments coverage? - ANSWER-The insured and the friend.
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Some disability income policies are designed in a way that there
is a period during which no benefits will be paid for either an
illness or an accident. Others may be written / designed where
benefits are paid immediately for disabilities caused by accidents,
and no benefits paid for an illness disability for a specific period of
time. The term that describes this interim period is the: -
ANSWER-Elimination Period.
What workers compensation coverage would apply if the injured
employee's spouse brings a wrongful death suit against the
employer? - ANSWER-Employers liability.
Under D, "Coverage For Damage To Your Auto", temporary
substitute vehicles under the Personal Auto Policy are considered
to be: - ANSWER-Your covered auto.
In order for a "release of all claims" to be valid, what MUST
occur? - ANSWER-The check must be cashed.
,3|Page
Richard Lanham has been advised by the Superintendent of
Insurance to cease and desist in the performance of certain
infractions of the insurance code. He has had a hearing and been
issued a cease and desist order. He continues to violate the
cease and desist order. He can be fined a penalty of up to: -
ANSWER-$5,000 per violation.
Telemarketers who transmit prerecorded messages to consumers
who have not agreed to accept such messages will be fined up to:
- ANSWER-$16,000 per call.
An insured has received actual cash value payment from the
adjuster for a covered loss. At the time he is satisfied with the
payment. He later changes his mind and wants the full
replacement value. How many days does he have to submit the
receipts to get the replacement cost payment under a HO-3 form?
- ANSWER-180 days.
The homeowner personal property replacement cost
endorsement would pay replacement cost on a claim for what
type of property? - ANSWER-Used Clothing.
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The policy provision that prevents an insurance company from
altering its agreement with a policyowner by referring to
documents or other items not contained in the policy is called the:
- ANSWER-Entire Contract Provision.
True or False - Current long term care insurance policies are
more likely to pay benefits regardless of the level of care required
by the insured. - ANSWER-True.
Roger has his golf clubs stolen out of the trunk of Sam's car.
Which policy will pay? - ANSWER-Roger's homeowner policy.
An insured purchases a $1 million umbrella policy with a $1,000
self-insured retention (SIR) and agrees to maintain the following
underlying limits: auto liability - $100/300/50 and personal liability
limits of $300,000. The insured is involved in an at-fault auto
accident and the claimant is awarded $200,000 for his bodily
injuries. What will the umbrella pay if the insured only carries
$50/100/50 auto limits? - ANSWER-$100,000. The umbrella
policy still pays but the insured would have to pay the difference.
NY INDEPENDENT GENERAL ADJUSTER EXAM - SERIES 17-70 EXAM
LATEST 2025 ACTUAL EXAM WITH COMPLETE QUESTIONS AND
CORRECT DETAILED ANSWERS (100% VERIFIED ANSWERS)
|ALREADY GRADED A+| ||PROFESSOR VERIFIED||
||BRANDNEW!!!||
Mr. Wilson purchases property insurance on a building and fails to
advise the agent that he only owns 50% of the building. This is an
example of: - ANSWER-Misrepresentation.
The "other insurance clause" is included in insurance policies to
deal with: - ANSWER-Duplicate Policies.
Under the farm property form with replacement cost coverage,
after the first $1,000 how is the claim paid? - ANSWER-ACV until
repairs are completed and then the full replacement cost is paid.
An insured has purchased a personal watercraft policy with
liability limits of $300,000 and medical coverage in the amount of
$5,000. The boat accidentally tips over and both the insured and
a friend are injured. Who would be covered under the medical
payments coverage? - ANSWER-The insured and the friend.
,2|Page
Some disability income policies are designed in a way that there
is a period during which no benefits will be paid for either an
illness or an accident. Others may be written / designed where
benefits are paid immediately for disabilities caused by accidents,
and no benefits paid for an illness disability for a specific period of
time. The term that describes this interim period is the: -
ANSWER-Elimination Period.
What workers compensation coverage would apply if the injured
employee's spouse brings a wrongful death suit against the
employer? - ANSWER-Employers liability.
Under D, "Coverage For Damage To Your Auto", temporary
substitute vehicles under the Personal Auto Policy are considered
to be: - ANSWER-Your covered auto.
In order for a "release of all claims" to be valid, what MUST
occur? - ANSWER-The check must be cashed.
,3|Page
Richard Lanham has been advised by the Superintendent of
Insurance to cease and desist in the performance of certain
infractions of the insurance code. He has had a hearing and been
issued a cease and desist order. He continues to violate the
cease and desist order. He can be fined a penalty of up to: -
ANSWER-$5,000 per violation.
Telemarketers who transmit prerecorded messages to consumers
who have not agreed to accept such messages will be fined up to:
- ANSWER-$16,000 per call.
An insured has received actual cash value payment from the
adjuster for a covered loss. At the time he is satisfied with the
payment. He later changes his mind and wants the full
replacement value. How many days does he have to submit the
receipts to get the replacement cost payment under a HO-3 form?
- ANSWER-180 days.
The homeowner personal property replacement cost
endorsement would pay replacement cost on a claim for what
type of property? - ANSWER-Used Clothing.
, 4|Page
The policy provision that prevents an insurance company from
altering its agreement with a policyowner by referring to
documents or other items not contained in the policy is called the:
- ANSWER-Entire Contract Provision.
True or False - Current long term care insurance policies are
more likely to pay benefits regardless of the level of care required
by the insured. - ANSWER-True.
Roger has his golf clubs stolen out of the trunk of Sam's car.
Which policy will pay? - ANSWER-Roger's homeowner policy.
An insured purchases a $1 million umbrella policy with a $1,000
self-insured retention (SIR) and agrees to maintain the following
underlying limits: auto liability - $100/300/50 and personal liability
limits of $300,000. The insured is involved in an at-fault auto
accident and the claimant is awarded $200,000 for his bodily
injuries. What will the umbrella pay if the insured only carries
$50/100/50 auto limits? - ANSWER-$100,000. The umbrella
policy still pays but the insured would have to pay the difference.
