NY INDEPENDENT GENERAL ADJUSTER
p p p p
EXAM - SERIES 17-
p p p
70 QUESTIONS WITH COMPLETE ANSWE
p p p p
RS
DrampShoppLiabilitypreferspto:p-pANS--LiquorpLawpLiability.
ThepinsuredphaspsufferedpapcoveredplosspunderphispDP-
3pdwellingpform.pHepfailsptopprotectptheppropertypfrompfurtherploss.pThepadditionalplosspthatp
occurspaspapresultpofphispinactionspmaypbepdeniedpbecausepofpwhatpclausepinptheppolicy?p-
pANS--Neglect.
TopbepeligiblepforpthepNewpYorkpassignedpriskpautopplanpappersonpmust:p-pANS--
Holdpapvalidpdriver'splicense.
Anypinsurancepadjusterpwhoseplicensephaspbeenprevokedpforpcausepwillpnotpbepentitledptopa
pplypforpanypotherpinsuranceplicensepinpNewpYorkpuntilpatpleast:p-pANS--OnepYear.
Aptypicalpbenefitpdesignpforpaplongptermpcareppolicypdoespnotpincludepa:p-pANS--
Conditionallyporpoptionallyprenewabilitypfeature.
InpNewpYorkpthepworkerspcompensationpprogrampispadministeredpbypthepWorkerspCompen
sationpBoardpwhichpestablishespguidelinespforpthepprogram.pNoticepofpinjuryporpdeathptopapw
orkerpisprequiredptopbepsubmittedptopthepemployerpwithinpwhatpperiodpofptime?p-pANS--
30pDays.
Apcommonpcarrierpispnotpheldpliablepforptheplosspofpapshipper'spgoodspwhenptheplosspresultsp
from:p-pANS--AnpActpofpGod.
Ifponepispfoundpguiltypofpfederalpinsurancepfraud,pwhopcanppermitpthepguiltypindividualptopretu
rnptopthepinsurancepbusiness?p-pANS--Onlypanpinsurancepregulatorypofficial.
Whenpispappassengerpfirstpcoveredpunderpanpaircraftppolicy?p-pANS--
WhenpEnteringpthepAircraft.
, Ifpanpinsuredptakespprecautionarypmeasuresptopprotectppropertypfrompfloodpdamagepsuchpa
spcreatingpapretainingpwallpofpsandpbags,phowpmuchpcoveragepifpany,pwillpbepprovidedpbypapf
loodppolicy?p-pANS--
$1,000pifpthepfloodpispimminentpandptheppropertypispinpdangerpofpflooding.
WhichpCommercialpFormspwouldpcoverpsinkholepcollapse?p-pANS--
Basic,pBroad,pandpSpecial.
______pispapmovementpallowedpbypcertainpjointspofpthepskeletonpthatpdecreasespthepanglep
betweenptwopadjoiningpbones.p-pANS--Flexion
Theplistingpofpthepperilspcoveredpispfoundpinpwhichppartpofpaphomeownerppolicy?p-pANS--
InsuringpAgreement.
Ifpapdogpownedpbypapcustomerpispinjuredpinpthepparkingplotpofpapstore,pispthatpconsideredpbod
ilypinjurypunderpliabilitypcoverage?p-pANS--
No.pThepdogpisppropertypandpwouldpbepconsiderppropertypdamage.
ThepSuperintendentpofpInsurancepmaypapprovepthepemployment,pappointmentporpparticipa
tionpofpanyppersonpwhoseplicensephaspbeenprevoked.pKarenpJonesphadpherplicenseprevoke
dpandpfiledpanpapplicationpforprelicensingpandphaspwaitedpoverp120pdayspwithoutpaprespons
epfrompthepInsurancepDepartment.pWhatpshouldporpcanpshepdo?p-pANS--
Assumeptheprelicensingpispapproved.
Mr.pVickerspwaspinpaphurryptopcatchpapplane.pHepparksphispcarpinpthepparkingpgaragepatpthepa
irportpandpleavespthepkeyspinpthepignition.pWhenphepreturnsphepfindspthatphispcarphaspbeenps
tolen.pLaterpthepcarpwaspdiscoveredpwithpseverepcollisionpdamage.pThepairportpcarriespGar
agekeeper'spLegalpLiabilitypcoveragepandpMr.pVickerspcarriespLiabilitypandpComprehensiv
epcoverageponphispauto.pWhatpcoveragepwouldpapply?p-pANS--
Mr.pVickerspcomprehensivepcoverage.
Anpautomobilepisppollutingpthepenvironment.pWhatpenginepcomponentpcouldpbepthepprimar
ypcause?p-pANS--CatalyticpConverterpMalfunction.
Underpthepdwellingppolicy,pDP2porpD3,pwhatpispthepmaximumpamountpofpCoveragepApthatpw
ouldpbeppaidpforpadditionalplivingpexpenses?p-pANS--20%
Workerspcompensationppoliciespalsopincludepemployer'spliabilitypcoverage.pIfpanypemploye
rpfailsptopmaintainpthepequipmentpandpanpemployeepispinjured,pwouldpitpbepcoveredpunderpth
ispcoverage?p-pANS--Yes.
Fidelitypbondspareptypicallypwrittenptopbepeffectivepforpa:p-pANS--
Continuousptermpwithoutpanpexpirationpdate.
Oneppurposepofpapdeductiblepispto:p-pANS--Eliminatepsmallpclaims.
p p p p
EXAM - SERIES 17-
p p p
70 QUESTIONS WITH COMPLETE ANSWE
p p p p
RS
DrampShoppLiabilitypreferspto:p-pANS--LiquorpLawpLiability.
ThepinsuredphaspsufferedpapcoveredplosspunderphispDP-
3pdwellingpform.pHepfailsptopprotectptheppropertypfrompfurtherploss.pThepadditionalplosspthatp
occurspaspapresultpofphispinactionspmaypbepdeniedpbecausepofpwhatpclausepinptheppolicy?p-
pANS--Neglect.
TopbepeligiblepforpthepNewpYorkpassignedpriskpautopplanpappersonpmust:p-pANS--
Holdpapvalidpdriver'splicense.
Anypinsurancepadjusterpwhoseplicensephaspbeenprevokedpforpcausepwillpnotpbepentitledptopa
pplypforpanypotherpinsuranceplicensepinpNewpYorkpuntilpatpleast:p-pANS--OnepYear.
Aptypicalpbenefitpdesignpforpaplongptermpcareppolicypdoespnotpincludepa:p-pANS--
Conditionallyporpoptionallyprenewabilitypfeature.
InpNewpYorkpthepworkerspcompensationpprogrampispadministeredpbypthepWorkerspCompen
sationpBoardpwhichpestablishespguidelinespforpthepprogram.pNoticepofpinjuryporpdeathptopapw
orkerpisprequiredptopbepsubmittedptopthepemployerpwithinpwhatpperiodpofptime?p-pANS--
30pDays.
Apcommonpcarrierpispnotpheldpliablepforptheplosspofpapshipper'spgoodspwhenptheplosspresultsp
from:p-pANS--AnpActpofpGod.
Ifponepispfoundpguiltypofpfederalpinsurancepfraud,pwhopcanppermitpthepguiltypindividualptopretu
rnptopthepinsurancepbusiness?p-pANS--Onlypanpinsurancepregulatorypofficial.
Whenpispappassengerpfirstpcoveredpunderpanpaircraftppolicy?p-pANS--
WhenpEnteringpthepAircraft.
, Ifpanpinsuredptakespprecautionarypmeasuresptopprotectppropertypfrompfloodpdamagepsuchpa
spcreatingpapretainingpwallpofpsandpbags,phowpmuchpcoveragepifpany,pwillpbepprovidedpbypapf
loodppolicy?p-pANS--
$1,000pifpthepfloodpispimminentpandptheppropertypispinpdangerpofpflooding.
WhichpCommercialpFormspwouldpcoverpsinkholepcollapse?p-pANS--
Basic,pBroad,pandpSpecial.
______pispapmovementpallowedpbypcertainpjointspofpthepskeletonpthatpdecreasespthepanglep
betweenptwopadjoiningpbones.p-pANS--Flexion
Theplistingpofpthepperilspcoveredpispfoundpinpwhichppartpofpaphomeownerppolicy?p-pANS--
InsuringpAgreement.
Ifpapdogpownedpbypapcustomerpispinjuredpinpthepparkingplotpofpapstore,pispthatpconsideredpbod
ilypinjurypunderpliabilitypcoverage?p-pANS--
No.pThepdogpisppropertypandpwouldpbepconsiderppropertypdamage.
ThepSuperintendentpofpInsurancepmaypapprovepthepemployment,pappointmentporpparticipa
tionpofpanyppersonpwhoseplicensephaspbeenprevoked.pKarenpJonesphadpherplicenseprevoke
dpandpfiledpanpapplicationpforprelicensingpandphaspwaitedpoverp120pdayspwithoutpaprespons
epfrompthepInsurancepDepartment.pWhatpshouldporpcanpshepdo?p-pANS--
Assumeptheprelicensingpispapproved.
Mr.pVickerspwaspinpaphurryptopcatchpapplane.pHepparksphispcarpinpthepparkingpgaragepatpthepa
irportpandpleavespthepkeyspinpthepignition.pWhenphepreturnsphepfindspthatphispcarphaspbeenps
tolen.pLaterpthepcarpwaspdiscoveredpwithpseverepcollisionpdamage.pThepairportpcarriespGar
agekeeper'spLegalpLiabilitypcoveragepandpMr.pVickerspcarriespLiabilitypandpComprehensiv
epcoverageponphispauto.pWhatpcoveragepwouldpapply?p-pANS--
Mr.pVickerspcomprehensivepcoverage.
Anpautomobilepisppollutingpthepenvironment.pWhatpenginepcomponentpcouldpbepthepprimar
ypcause?p-pANS--CatalyticpConverterpMalfunction.
Underpthepdwellingppolicy,pDP2porpD3,pwhatpispthepmaximumpamountpofpCoveragepApthatpw
ouldpbeppaidpforpadditionalplivingpexpenses?p-pANS--20%
Workerspcompensationppoliciespalsopincludepemployer'spliabilitypcoverage.pIfpanypemploye
rpfailsptopmaintainpthepequipmentpandpanpemployeepispinjured,pwouldpitpbepcoveredpunderpth
ispcoverage?p-pANS--Yes.
Fidelitypbondspareptypicallypwrittenptopbepeffectivepforpa:p-pANS--
Continuousptermpwithoutpanpexpirationpdate.
Oneppurposepofpapdeductiblepispto:p-pANS--Eliminatepsmallpclaims.
