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NEW YORK STATE GENERAL ADJUSTER 17-70
EXAM WITH ALL COMPLETE QUESTIONS AND
DETAILED CORRECT ANSWERS (VERIFIED) FOR
GUARANTEED PASS TOP-RATED A+.
ADJUSTER 17-70
Ace all your New York State General Adjuster 17-70 Exams with
confidence. This comprehensive resource features updated exam
questions, explanations, and New York-specific insurance regulations
covering claims handling, policy interpretation, and ethics. Perfect for
professionals seeking state adjuster licensing.
An employee has been asked to use his own personal vehicle
to perform certain tasks on behalf of his employer. What
coverage is used under the business auto policy to protect the
employer for lawsuits when the employee has an accident
that causes legal action against the employer? ......
ANSWER ....... Employers non-ownership coverage.
This coverage protects the employer and not the employee.
The employee is covered under his own PAP policy.
The Excess & Surplus Lines Market ...... ANSWER .......
The Excess & Surplus lines markets are privately run
insurers who usually write the risks that the standard
market does not want.
It is not an example of goverment issurers
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An unendorsed blanket fidelity bond: ...... ANSWER
....... Coverage for employee theft of money, securities,
or property, written with a per loss limit rather than a per
employee or per position limit.
A blanket fidelity bond is a type of fidelity bond covering an
employer for dishonest acts by employees. The bond grants
blanket coverage to all employees in the service of the
employer during the term of the bond. Employee names do
not need to be listed on the bond.
An unendorsed blanket fidelity bond:
1 Names each covered employee specifically
2 Names the positions to be covered
3 Does not list the names of the employees
4 Covers specified employees by job description and position
...... ANSWER ....... 3 Does not list the names of the
employees
A blanket fidelity bond is a type of fidelity bond covering an
employer for dishonest acts by employees. The bond grants
blanket coverage to all employees in the service of the
employer during the term of the bond. Employee names do
not need to be listed on the bond.
All of the following are examples of insurable interest,
EXCEPT: ...... ANSWER ....... The interest an
individual has in the property her parents will someday
leave to her.
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In property and casualty insurance the insurable interest must
exist at the time of the loss. Insurable interests that may be
created in the future or based on certain events are not
currently insurable interests.
All of the following are exclusions under the "Special Cause
of Loss" form, EXCEPT: ...... ANSWER ....... Water
damage caused by a sprinkler system
Water damage from a sprinkler system or accidental
discharge from a plumbing or heating system is covered.
Water damage caused by a sprinkler system is covered by
which form? ...... ANSWER ....... Special cause of loss
form
All of the following are true regarding the Mobile
Agricultural Machinery and Equipment form, EXCEPT:
...... ANSWER ....... Combines and cotton pickers are
eligible for coverage.
Combines and cotton pickers must be specifically scheduled
and are not covered under the blanket coverage of this form
All of the following would have an insurable interest in a
home and be insurable under the homeowners program,
EXCEPT: ...... ANSWER ....... A non-occupant
realtor.
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A non-occupant realtor would not have an insurable interest
in the property.
An adjuster's license will usually be revoked for which of the
following? ...... ANSWER ....... Having Been Convicted
of a Felony
A requirement for licensing is that the applicant must not
have been convicted of a felony. If the adjuster commits a
felony after he/she has already been licensed, the license will
be revoked.
Which of the following is not a part of a Commercial
package policy?
1 Declaration page
2 Condition section
3 One or more policy parts
4 Earthquake coverage ...... ANSWER ....... 4
Earthquake coverage
Earthquake coverage must be added by endorsement for
coverage to apply.
An aleatory contract is most accurately described as a ......
ANSWER ....... contract in which the performance of
one party is contingent upon the occurrence of a fortuitous
(accidental) event.
NEW YORK STATE GENERAL ADJUSTER 17-70
EXAM WITH ALL COMPLETE QUESTIONS AND
DETAILED CORRECT ANSWERS (VERIFIED) FOR
GUARANTEED PASS TOP-RATED A+.
ADJUSTER 17-70
Ace all your New York State General Adjuster 17-70 Exams with
confidence. This comprehensive resource features updated exam
questions, explanations, and New York-specific insurance regulations
covering claims handling, policy interpretation, and ethics. Perfect for
professionals seeking state adjuster licensing.
An employee has been asked to use his own personal vehicle
to perform certain tasks on behalf of his employer. What
coverage is used under the business auto policy to protect the
employer for lawsuits when the employee has an accident
that causes legal action against the employer? ......
ANSWER ....... Employers non-ownership coverage.
This coverage protects the employer and not the employee.
The employee is covered under his own PAP policy.
The Excess & Surplus Lines Market ...... ANSWER .......
The Excess & Surplus lines markets are privately run
insurers who usually write the risks that the standard
market does not want.
It is not an example of goverment issurers
,2|Page
An unendorsed blanket fidelity bond: ...... ANSWER
....... Coverage for employee theft of money, securities,
or property, written with a per loss limit rather than a per
employee or per position limit.
A blanket fidelity bond is a type of fidelity bond covering an
employer for dishonest acts by employees. The bond grants
blanket coverage to all employees in the service of the
employer during the term of the bond. Employee names do
not need to be listed on the bond.
An unendorsed blanket fidelity bond:
1 Names each covered employee specifically
2 Names the positions to be covered
3 Does not list the names of the employees
4 Covers specified employees by job description and position
...... ANSWER ....... 3 Does not list the names of the
employees
A blanket fidelity bond is a type of fidelity bond covering an
employer for dishonest acts by employees. The bond grants
blanket coverage to all employees in the service of the
employer during the term of the bond. Employee names do
not need to be listed on the bond.
All of the following are examples of insurable interest,
EXCEPT: ...... ANSWER ....... The interest an
individual has in the property her parents will someday
leave to her.
,3|Page
In property and casualty insurance the insurable interest must
exist at the time of the loss. Insurable interests that may be
created in the future or based on certain events are not
currently insurable interests.
All of the following are exclusions under the "Special Cause
of Loss" form, EXCEPT: ...... ANSWER ....... Water
damage caused by a sprinkler system
Water damage from a sprinkler system or accidental
discharge from a plumbing or heating system is covered.
Water damage caused by a sprinkler system is covered by
which form? ...... ANSWER ....... Special cause of loss
form
All of the following are true regarding the Mobile
Agricultural Machinery and Equipment form, EXCEPT:
...... ANSWER ....... Combines and cotton pickers are
eligible for coverage.
Combines and cotton pickers must be specifically scheduled
and are not covered under the blanket coverage of this form
All of the following would have an insurable interest in a
home and be insurable under the homeowners program,
EXCEPT: ...... ANSWER ....... A non-occupant
realtor.
, 4|Page
A non-occupant realtor would not have an insurable interest
in the property.
An adjuster's license will usually be revoked for which of the
following? ...... ANSWER ....... Having Been Convicted
of a Felony
A requirement for licensing is that the applicant must not
have been convicted of a felony. If the adjuster commits a
felony after he/she has already been licensed, the license will
be revoked.
Which of the following is not a part of a Commercial
package policy?
1 Declaration page
2 Condition section
3 One or more policy parts
4 Earthquake coverage ...... ANSWER ....... 4
Earthquake coverage
Earthquake coverage must be added by endorsement for
coverage to apply.
An aleatory contract is most accurately described as a ......
ANSWER ....... contract in which the performance of
one party is contingent upon the occurrence of a fortuitous
(accidental) event.
