NY 17-70 Independent General Adjuster Exam 2025 | Complete
Questions and Correct Answers | Already Graded A+ | Verified
Answers | Latest Version | Brand New Version!
Question 1
"Dram Shop Liability" is another term for:
A) Host Liability
B) Product Liability
C) Liquor Law Liability
D) Premises Liability
E) Professional Liability
Correct Answer: C) Liquor Law Liability
Rationale: Dram Shop Liability refers to the body of law holding businesses that sell
alcoholic beverages liable for injuries caused by an intoxicated patron they served.
Question 2
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?
A) Abandonment
B) Subrogation
C) Liberalization
D) Neglect
E) Appraisal
Correct Answer: D) Neglect
Rationale: The Neglect condition in a property policy states that the insurer will not pay for
loss caused by the insured's failure to use all reasonable means to save and preserve
property at and after the time of a loss.
Question 3
To be eligible for the New York Automobile Insurance Plan (the assigned risk plan), an applicant
must:
A) Be at least 25 years of age
,B) Own a vehicle that is less than 10 years old
C) Have a clean driving record for the past three years
D) Hold a valid driver's license
E) Be a resident of New York for at least 5 years
Correct Answer: D) Hold a valid driver's license
Rationale: While the plan is for those who cannot obtain insurance in the voluntary market,
a fundamental requirement for eligibility is that the applicant must be a legally licensed
driver.
Question 4
Any insurance adjuster whose license has been revoked for cause will not be entitled to apply for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:
A) Six months have passed
B) One year has passed
C) Two years have passed
D) Five years have passed
E) The Superintendent grants special permission
Correct Answer: B) One year has passed
Rationale: New York insurance law imposes a minimum waiting period of one year before
an individual whose license was revoked can reapply for any insurance license.
Question 5
A typical benefit design for a long-term care policy is LEAST likely to include a:
A) Benefit period
B) Daily or monthly benefit amount
C) Conditionally or optionally renewability feature
D) Elimination period
E) Inflation protection option
Correct Answer: C) Conditionally or optionally renewability feature
Rationale: Long-term care policies are typically required to be guaranteed renewable,
meaning the insurer cannot cancel the policy as long as premiums are paid. Conditional or
, optional renewability gives the insurer more rights to cancel or nonrenew, which is not
standard for this product.
Question 6
In New York, the workers' compensation program is administered by the Workers' Compensation
Board. Notice of injury or death to a worker is required to be submitted to the employer within
what period of time?
A) 24 hours
B) 7 days
C) 15 days
D) 30 days
E) 90 days
Correct Answer: D) 30 days
Rationale: The New York Workers' Compensation Law requires an injured employee to
give written notice of the injury to their employer within 30 days after the accident.
Question 7
A common carrier is not held liable for the loss of a shipper's goods when the loss results from:
A) Employee negligence
B) Improper packing by the carrier's employees
C) An Act of God
D) Mechanical failure of the transport vehicle
E) Theft by a third party while in transit
Correct Answer: C) An Act of God
Rationale: Common carriers are held to a very high standard of care (strict liability) but are
relieved of liability for losses caused by five specific exceptions: Acts of God, acts of a public
enemy, orders of a public authority, fault of the shipper, and inherent vice of the goods.
Question 8
If an individual is found guilty of federal insurance fraud and is prohibited from working in the
insurance business, who can grant written consent for that individual to return?
A) A federal judge
B) The U.S. Attorney General
Questions and Correct Answers | Already Graded A+ | Verified
Answers | Latest Version | Brand New Version!
Question 1
"Dram Shop Liability" is another term for:
A) Host Liability
B) Product Liability
C) Liquor Law Liability
D) Premises Liability
E) Professional Liability
Correct Answer: C) Liquor Law Liability
Rationale: Dram Shop Liability refers to the body of law holding businesses that sell
alcoholic beverages liable for injuries caused by an intoxicated patron they served.
Question 2
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?
A) Abandonment
B) Subrogation
C) Liberalization
D) Neglect
E) Appraisal
Correct Answer: D) Neglect
Rationale: The Neglect condition in a property policy states that the insurer will not pay for
loss caused by the insured's failure to use all reasonable means to save and preserve
property at and after the time of a loss.
Question 3
To be eligible for the New York Automobile Insurance Plan (the assigned risk plan), an applicant
must:
A) Be at least 25 years of age
,B) Own a vehicle that is less than 10 years old
C) Have a clean driving record for the past three years
D) Hold a valid driver's license
E) Be a resident of New York for at least 5 years
Correct Answer: D) Hold a valid driver's license
Rationale: While the plan is for those who cannot obtain insurance in the voluntary market,
a fundamental requirement for eligibility is that the applicant must be a legally licensed
driver.
Question 4
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:
A) Six months have passed
B) One year has passed
C) Two years have passed
D) Five years have passed
E) The Superintendent grants special permission
Correct Answer: B) One year has passed
Rationale: New York insurance law imposes a minimum waiting period of one year before
an individual whose license was revoked can reapply for any insurance license.
Question 5
A typical benefit design for a long-term care policy is LEAST likely to include a:
A) Benefit period
B) Daily or monthly benefit amount
C) Conditionally or optionally renewability feature
D) Elimination period
E) Inflation protection option
Correct Answer: C) Conditionally or optionally renewability feature
Rationale: Long-term care policies are typically required to be guaranteed renewable,
meaning the insurer cannot cancel the policy as long as premiums are paid. Conditional or
, optional renewability gives the insurer more rights to cancel or nonrenew, which is not
standard for this product.
Question 6
In New York, the workers' compensation program is administered by the Workers' Compensation
Board. Notice of injury or death to a worker is required to be submitted to the employer within
what period of time?
A) 24 hours
B) 7 days
C) 15 days
D) 30 days
E) 90 days
Correct Answer: D) 30 days
Rationale: The New York Workers' Compensation Law requires an injured employee to
give written notice of the injury to their employer within 30 days after the accident.
Question 7
A common carrier is not held liable for the loss of a shipper's goods when the loss results from:
A) Employee negligence
B) Improper packing by the carrier's employees
C) An Act of God
D) Mechanical failure of the transport vehicle
E) Theft by a third party while in transit
Correct Answer: C) An Act of God
Rationale: Common carriers are held to a very high standard of care (strict liability) but are
relieved of liability for losses caused by five specific exceptions: Acts of God, acts of a public
enemy, orders of a public authority, fault of the shipper, and inherent vice of the goods.
Question 8
If an individual is found guilty of federal insurance fraud and is prohibited from working in the
insurance business, who can grant written consent for that individual to return?
A) A federal judge
B) The U.S. Attorney General
