1
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New York State General Adjuster 17-70
Questions and Answers (100% Correct
Answers) Already Graded A+
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? [ANS:] Employers non-ownership
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coverage. This coverage protects the employer and not the
employee. The employee is covered under his own PAP policy.
Replacement cost coverage is best defined as: [ANS:]
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Replacement without deduction for depreciation.With
replacement cost coverage, the insured is permitted to replace
old with new at today's cost without a deduction for depreciation.
Which of the following would be considered a "supplementary
payment" coverage under a business auto policy? 1)All post-
judgment interest in a suit defended by the insurer 2)Payment for
an insured employee's truck being used by the employee on a
business-related trip 3)Costs for a private investigator hired by an
employee to prove he was not involved in a hit and run accident
of which he has been accused 4)Up to $2,000 for the cost of bail
bonds for an employee involved in an accident while he was on a
trip to Mexico that he won for exceeding sales goals set by the
company [ANS:] 1) All post-judgment interest in a suit defended
by the insurer.
Supplementary payments do not include physical damages, nor
personal expenses of employees. The bail bonds would be
covered except that Mexico is outside the coverage area.
, 2
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Which of the following professional liability policies would cover a
dishonest, fraudulent or criminal act of the manager of a LLC?
1)Fiduciary Liability
2)Malpractice Liability
3)Errors and Omissions
4)None of the policies cover these acts [ANS:] 4) None of the
policies cover these acts.
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When securing a recorded statement over the telephone, an
adjuster must:
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1 Identify him or herself.
2 Advise he or she would like to record the statement and request
and receive permission to do so.
3 State the time and date.
4 All responses listed are correct. [ANS:] 4 All responses listed are
correct. The adjuster must identify him or herself, state the date
and time and get permission to record the statement.
Uninsured Motorist coverage includes the named insured's:
I. Medical bills and pain and suffering.
II. Lost wages. [ANS:] Both I and II is correct.
Coverage C (Uninsured Motorists) provides for payments to or on
behalf of the named insured for injuries sustained through the
negligence of an uninsured driver.
, 3
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Substitute services will provide: [ANS:] $25 per day for one year.
Basic economic loss benefits will provide up to $25 per day for
substitute services for a maximum of one year if the injured party is
not gainfully employed.
Which of the following is not a violation of the Unfair Trade
Practices Act?
1 Not attempting in good faith to settle claims
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2 Denying an uncovered claim
3 Failing to promptly settle claims under one portion of coverage
in order to influence settlements under other portions of coverage
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4 Not setting forth the coverage under which a claim payment is
being made [ANS:] Denying a claim that is not covered is not a
violation.
In case of a total loss in an automobile accident, the adjuster can
do the insured which of the following?
I. Pay cost to replace the vehicle with like kind and quality if the
vehicle is a current year model.
II. Use the most recent publication of an "Official Used Car Guide."
III. If not listed in the "Guide," obtain quotations from local
automobile dealers. [ANS:] I, II and III depending on the
circumstances
All the responses listed can be options in settling a total loss claim.
, 4
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Personal umbrella liability policies usually cover liability as a result
of:
1 Performing a professional service.
2 Serving as an officer or director of a nonprofit corporation or
association.
3 For a work related activity
4 None of the activities are covered [ANS:] 2 Serving as an officer
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or director of a nonprofit corporation or association..
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Coverage is included while serving as an officer or director of a
nonprofit corporation or association.
The Now Company carries a special BOP policy with a liability limit
of $500,000. The company is involved in an accident causing
$200,000 bodily injury damage and $200,000 property damage.
The total amount collectible under the policy is:
1 $500,000
2 $400,000
3 $200,000
4 $100,000 [ANS:] 2 $400,000
BOP policies provide a single limit of liability. Both bodily injury and
property damage coverage is provided. Since the amounts for
For Expert help and assignment solutions, +254707240657
New York State General Adjuster 17-70
Questions and Answers (100% Correct
Answers) Already Graded A+
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? [ANS:] Employers non-ownership
© 2025 Assignment Expert
coverage. This coverage protects the employer and not the
employee. The employee is covered under his own PAP policy.
Replacement cost coverage is best defined as: [ANS:]
Guru01 - Stuvia
Replacement without deduction for depreciation.With
replacement cost coverage, the insured is permitted to replace
old with new at today's cost without a deduction for depreciation.
Which of the following would be considered a "supplementary
payment" coverage under a business auto policy? 1)All post-
judgment interest in a suit defended by the insurer 2)Payment for
an insured employee's truck being used by the employee on a
business-related trip 3)Costs for a private investigator hired by an
employee to prove he was not involved in a hit and run accident
of which he has been accused 4)Up to $2,000 for the cost of bail
bonds for an employee involved in an accident while he was on a
trip to Mexico that he won for exceeding sales goals set by the
company [ANS:] 1) All post-judgment interest in a suit defended
by the insurer.
Supplementary payments do not include physical damages, nor
personal expenses of employees. The bail bonds would be
covered except that Mexico is outside the coverage area.
, 2
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Which of the following professional liability policies would cover a
dishonest, fraudulent or criminal act of the manager of a LLC?
1)Fiduciary Liability
2)Malpractice Liability
3)Errors and Omissions
4)None of the policies cover these acts [ANS:] 4) None of the
policies cover these acts.
© 2025 Assignment Expert
When securing a recorded statement over the telephone, an
adjuster must:
Guru01 - Stuvia
1 Identify him or herself.
2 Advise he or she would like to record the statement and request
and receive permission to do so.
3 State the time and date.
4 All responses listed are correct. [ANS:] 4 All responses listed are
correct. The adjuster must identify him or herself, state the date
and time and get permission to record the statement.
Uninsured Motorist coverage includes the named insured's:
I. Medical bills and pain and suffering.
II. Lost wages. [ANS:] Both I and II is correct.
Coverage C (Uninsured Motorists) provides for payments to or on
behalf of the named insured for injuries sustained through the
negligence of an uninsured driver.
, 3
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Substitute services will provide: [ANS:] $25 per day for one year.
Basic economic loss benefits will provide up to $25 per day for
substitute services for a maximum of one year if the injured party is
not gainfully employed.
Which of the following is not a violation of the Unfair Trade
Practices Act?
1 Not attempting in good faith to settle claims
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2 Denying an uncovered claim
3 Failing to promptly settle claims under one portion of coverage
in order to influence settlements under other portions of coverage
Guru01 - Stuvia
4 Not setting forth the coverage under which a claim payment is
being made [ANS:] Denying a claim that is not covered is not a
violation.
In case of a total loss in an automobile accident, the adjuster can
do the insured which of the following?
I. Pay cost to replace the vehicle with like kind and quality if the
vehicle is a current year model.
II. Use the most recent publication of an "Official Used Car Guide."
III. If not listed in the "Guide," obtain quotations from local
automobile dealers. [ANS:] I, II and III depending on the
circumstances
All the responses listed can be options in settling a total loss claim.
, 4
For Expert help and assignment solutions, +254707240657
Personal umbrella liability policies usually cover liability as a result
of:
1 Performing a professional service.
2 Serving as an officer or director of a nonprofit corporation or
association.
3 For a work related activity
4 None of the activities are covered [ANS:] 2 Serving as an officer
© 2025 Assignment Expert
or director of a nonprofit corporation or association..
Guru01 - Stuvia
Coverage is included while serving as an officer or director of a
nonprofit corporation or association.
The Now Company carries a special BOP policy with a liability limit
of $500,000. The company is involved in an accident causing
$200,000 bodily injury damage and $200,000 property damage.
The total amount collectible under the policy is:
1 $500,000
2 $400,000
3 $200,000
4 $100,000 [ANS:] 2 $400,000
BOP policies provide a single limit of liability. Both bodily injury and
property damage coverage is provided. Since the amounts for
