NY INDEPENDENT GENERAL
ADJUSTER EXAM 2025 NEWEST
ACTUAL EXAM COMPLETE 500
QUESTIONS AND CORRECT DETAILED
ANSWERS
The crew of a ship is guilty of fraud with the
intention of reaping gains at the expense of
the owner. In ocean marine coverage, what is
this called? (EX: Setting the ship on fire,
diverting the ship from its course, or
embezzlement of the cargo). -
(ANSWER)Barratry.
An aleatory contract is most accurately
described by which of the following? -
(ANSWER)It is a contract in which the
performance of one party is contingent upon
,the occurrence of a fortuitous (accidental)
event.
Which of the following would not be excluded
under the Liquor Liability Exclusion of the
CGL? - (ANSWER)Mary's Antique Shop is
having a customer appreciation social and
serves alcohol at no charge to her guests.
Workers compensation would cover a heart
attack under all of the following situations,
EXCEPT: - (ANSWER)Intoxication and
horseplay caused the heart attack.
Another name for umbrella liability
insurance is: - (ANSWER)Excess.
The insured owns a two-family dwelling and
rents out one of the units. The insured
,suspects that drugs are being sold from the
apartment unit he is renting and enters the
premises without notice and searches the
premises but does not find drugs. What
coverage would the insured need if the tenant
brings a lawsuit for invasion of privacy? -
(ANSWER)Personal Injury Coverage.
Any misinformation provided by an
applicant which is such that the insurance
company would not have issued a policy if
the true facts were known is: -
(ANSWER)Material Misrepresentation.
Who is responsible for the legal fees in a
lawsuit covered by Employer's Liability in a
standard workers compensation policy? -
(ANSWER)The insurer.
, An insured carries property insurance with a
limit of $25,000 and an 80% coinsurance
clause. The covered building, however, is
worth $40,000. How much would she collect
in the event of a total loss? -
(ANSWER)$25,000
All of the following are excluded under the
theft, disappearance and destruction
coverage form, except: -
(ANSWER)Dishonest Acts of Customers.
An "uninsured motor vehicle" does not
include: - (ANSWER)An abandoned car used
as a residence.
The New York Superintendent of Insurance
can issue a temporary adjuster permit in
emergency situations for up to _____ to assist
ADJUSTER EXAM 2025 NEWEST
ACTUAL EXAM COMPLETE 500
QUESTIONS AND CORRECT DETAILED
ANSWERS
The crew of a ship is guilty of fraud with the
intention of reaping gains at the expense of
the owner. In ocean marine coverage, what is
this called? (EX: Setting the ship on fire,
diverting the ship from its course, or
embezzlement of the cargo). -
(ANSWER)Barratry.
An aleatory contract is most accurately
described by which of the following? -
(ANSWER)It is a contract in which the
performance of one party is contingent upon
,the occurrence of a fortuitous (accidental)
event.
Which of the following would not be excluded
under the Liquor Liability Exclusion of the
CGL? - (ANSWER)Mary's Antique Shop is
having a customer appreciation social and
serves alcohol at no charge to her guests.
Workers compensation would cover a heart
attack under all of the following situations,
EXCEPT: - (ANSWER)Intoxication and
horseplay caused the heart attack.
Another name for umbrella liability
insurance is: - (ANSWER)Excess.
The insured owns a two-family dwelling and
rents out one of the units. The insured
,suspects that drugs are being sold from the
apartment unit he is renting and enters the
premises without notice and searches the
premises but does not find drugs. What
coverage would the insured need if the tenant
brings a lawsuit for invasion of privacy? -
(ANSWER)Personal Injury Coverage.
Any misinformation provided by an
applicant which is such that the insurance
company would not have issued a policy if
the true facts were known is: -
(ANSWER)Material Misrepresentation.
Who is responsible for the legal fees in a
lawsuit covered by Employer's Liability in a
standard workers compensation policy? -
(ANSWER)The insurer.
, An insured carries property insurance with a
limit of $25,000 and an 80% coinsurance
clause. The covered building, however, is
worth $40,000. How much would she collect
in the event of a total loss? -
(ANSWER)$25,000
All of the following are excluded under the
theft, disappearance and destruction
coverage form, except: -
(ANSWER)Dishonest Acts of Customers.
An "uninsured motor vehicle" does not
include: - (ANSWER)An abandoned car used
as a residence.
The New York Superintendent of Insurance
can issue a temporary adjuster permit in
emergency situations for up to _____ to assist
