NY Independent General Adjuster Exam -
Series 17-70 UPDATED ACTUAL Exam
Questions and CORRECT Answers
Dram Shop Liability refers to: - CORRECT ANSWER Liquor Law Liability.
The insured has suffered a covered loss under his DP-3 dwelling form. He fails to protect the
property from further loss. The additional loss that occurs as a result of his inactions may be
denied because of what clause in the policy? - CORRECT ANSWER Neglect.
To be eligible for the New York assigned risk auto plan a person must: - CORRECT
ANSWER Hold a valid driver's license.
Any insurance adjuster whose license has been revoked for cause will not be entitled to apply for
any other insurance license in New York until at least: - CORRECT ANSWER One Year.
A typical benefit design for a long term care policy does not include a: - CORRECT
ANSWER Conditionally or optionally renewability feature.
In New York the workers compensation program is administered by the Workers Compensation
Board which establishes guidelines for the program. Notice of injury or death to a worker is
required to be submitted to the employer within what period of time? - CORRECT
ANSWER 30 Days.
A common carrier is not held liable for the loss of a shipper's goods when the loss results from: -
CORRECT ANSWER An Act of God.
If one is found guilty of federal insurance fraud, who can permit the guilty individual to return to
the insurance business? - CORRECT ANSWER Only an insurance regulatory official.
,When is a passenger first covered under an aircraft policy? - CORRECT ANSWER When
Entering the Aircraft.
If an insured takes precautionary measures to protect property from flood damage such as
creating a retaining wall of sand bags, how much coverage if any, will be provided by a flood
policy? - CORRECT ANSWER $1,000 if the flood is imminent and the property is in danger
of flooding.
Which Commercial Forms would cover sinkhole collapse? - CORRECT ANSWER Basic,
Broad, and Special.
______ is a movement allowed by certain joints of the skeleton that decreases the angle between
two adjoining bones. - CORRECT ANSWER Flexion
The listing of the perils covered is found in which part of a homeowner policy? - CORRECT
ANSWER Insuring Agreement.
If a dog owned by a customer is injured in the parking lot of a store, is that considered bodily
injury under liability coverage? - CORRECT ANSWER No. The dog is property and would
be consider property damage.
The Superintendent of Insurance may approve the employment, appointment or participation of
any person whose license has been revoked. Karen Jones had her license revoked and filed an
application for relicensing and has waited over 120 days without a response from the Insurance
Department. What should or can she do? - CORRECT ANSWER Assume the relicensing is
approved.
Mr. Vickers was in a hurry to catch a plane. He parks his car in the parking garage at the airport
and leaves the keys in the ignition. When he returns he finds that his car has been stolen. Later
the car was discovered with severe collision damage. The airport carries Garagekeeper's Legal
Liability coverage and Mr. Vickers carries Liability and Comprehensive coverage on his auto.
What coverage would apply? - CORRECT ANSWER Mr. Vickers comprehensive coverage.
, An automobile is polluting the environment. What engine component could be the primary
cause? - CORRECT ANSWER Catalytic Converter Malfunction.
Under the dwelling policy, DP2 or D3, what is the maximum amount of Coverage A that would
be paid for additional living expenses? - CORRECT ANSWER 20%
Workers compensation policies also include employer's liability coverage. If any employer fails
to maintain the equipment and an employee is injured, would it be covered under this coverage?
- CORRECT ANSWER Yes.
Fidelity bonds are typically written to be effective for a: - CORRECT ANSWER Continuous
term without an expiration date.
One purpose of a deductible is to: - CORRECT ANSWER Eliminate small claims.
If the insured has failed to pay the premium for a worker compensation policy issued in New
York, how many days notice of cancellation must be sent to the insured? - CORRECT
ANSWER A 10 day notice.
A ship owner wanting coverage in case crew members bring liability suits for injuries sustained
while working would purchase: - CORRECT ANSWER Protection and Indemnity
Under workers compensation in New York, which of the following does not raise the premium
based on it being a proportion of the charged premium? - CORRECT ANSWER Premium
Discount.
What is an example of a moral hazard? - CORRECT ANSWER Embezzlement
If an insured is responsible for damaging a client's million dollar shipment of products, would
this coverage be covered by the commercial umbrella liability coverage under BI and PD
coverage? - CORRECT ANSWER Yes.
Series 17-70 UPDATED ACTUAL Exam
Questions and CORRECT Answers
Dram Shop Liability refers to: - CORRECT ANSWER Liquor Law Liability.
The insured has suffered a covered loss under his DP-3 dwelling form. He fails to protect the
property from further loss. The additional loss that occurs as a result of his inactions may be
denied because of what clause in the policy? - CORRECT ANSWER Neglect.
To be eligible for the New York assigned risk auto plan a person must: - CORRECT
ANSWER Hold a valid driver's license.
Any insurance adjuster whose license has been revoked for cause will not be entitled to apply for
any other insurance license in New York until at least: - CORRECT ANSWER One Year.
A typical benefit design for a long term care policy does not include a: - CORRECT
ANSWER Conditionally or optionally renewability feature.
In New York the workers compensation program is administered by the Workers Compensation
Board which establishes guidelines for the program. Notice of injury or death to a worker is
required to be submitted to the employer within what period of time? - CORRECT
ANSWER 30 Days.
A common carrier is not held liable for the loss of a shipper's goods when the loss results from: -
CORRECT ANSWER An Act of God.
If one is found guilty of federal insurance fraud, who can permit the guilty individual to return to
the insurance business? - CORRECT ANSWER Only an insurance regulatory official.
,When is a passenger first covered under an aircraft policy? - CORRECT ANSWER When
Entering the Aircraft.
If an insured takes precautionary measures to protect property from flood damage such as
creating a retaining wall of sand bags, how much coverage if any, will be provided by a flood
policy? - CORRECT ANSWER $1,000 if the flood is imminent and the property is in danger
of flooding.
Which Commercial Forms would cover sinkhole collapse? - CORRECT ANSWER Basic,
Broad, and Special.
______ is a movement allowed by certain joints of the skeleton that decreases the angle between
two adjoining bones. - CORRECT ANSWER Flexion
The listing of the perils covered is found in which part of a homeowner policy? - CORRECT
ANSWER Insuring Agreement.
If a dog owned by a customer is injured in the parking lot of a store, is that considered bodily
injury under liability coverage? - CORRECT ANSWER No. The dog is property and would
be consider property damage.
The Superintendent of Insurance may approve the employment, appointment or participation of
any person whose license has been revoked. Karen Jones had her license revoked and filed an
application for relicensing and has waited over 120 days without a response from the Insurance
Department. What should or can she do? - CORRECT ANSWER Assume the relicensing is
approved.
Mr. Vickers was in a hurry to catch a plane. He parks his car in the parking garage at the airport
and leaves the keys in the ignition. When he returns he finds that his car has been stolen. Later
the car was discovered with severe collision damage. The airport carries Garagekeeper's Legal
Liability coverage and Mr. Vickers carries Liability and Comprehensive coverage on his auto.
What coverage would apply? - CORRECT ANSWER Mr. Vickers comprehensive coverage.
, An automobile is polluting the environment. What engine component could be the primary
cause? - CORRECT ANSWER Catalytic Converter Malfunction.
Under the dwelling policy, DP2 or D3, what is the maximum amount of Coverage A that would
be paid for additional living expenses? - CORRECT ANSWER 20%
Workers compensation policies also include employer's liability coverage. If any employer fails
to maintain the equipment and an employee is injured, would it be covered under this coverage?
- CORRECT ANSWER Yes.
Fidelity bonds are typically written to be effective for a: - CORRECT ANSWER Continuous
term without an expiration date.
One purpose of a deductible is to: - CORRECT ANSWER Eliminate small claims.
If the insured has failed to pay the premium for a worker compensation policy issued in New
York, how many days notice of cancellation must be sent to the insured? - CORRECT
ANSWER A 10 day notice.
A ship owner wanting coverage in case crew members bring liability suits for injuries sustained
while working would purchase: - CORRECT ANSWER Protection and Indemnity
Under workers compensation in New York, which of the following does not raise the premium
based on it being a proportion of the charged premium? - CORRECT ANSWER Premium
Discount.
What is an example of a moral hazard? - CORRECT ANSWER Embezzlement
If an insured is responsible for damaging a client's million dollar shipment of products, would
this coverage be covered by the commercial umbrella liability coverage under BI and PD
coverage? - CORRECT ANSWER Yes.
