NY Independent General Adjuster Exam LATEST QUESTIONS AND CORRECT VERIFIED ANSWERS JUST RELEASED

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NY Independent General Adjuster Exam LATEST
2026-2027 QUESTIONS AND CORRECT VERIFIED
ANSWERS JUST RELEASED THIS YEAR


Question: What does Coverage F under the Farm Forms refer to? - CORRECT

ANSWER✔✔Unscheduled personal property.




Question: Employee dishonesty coverage does not include: - CORRECT ANSWER✔✔Robbery of

an employee.




Question: What does Employee Dishonesty Coverage provide? - CORRECT ANSWER✔✔Covers

losses caused by the dishonest acts of employees.




Question: Who can bind an insurance coverage by oral or written agreement? - CORRECT

ANSWER✔✔Property and Casualty Producer.




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Question: What is Drive Other Car Coverage? - CORRECT ANSWER✔✔Provides coverage for the

owner of a business that does not own an auto.




Question: Attempting to settle claims on the basis of an application which was altered without

notice to, or knowledge or consent of, the insured is an example of: - CORRECT ANSWER✔✔An

unfair claims practice act.




Question: How is property covered under an unendorsed BOP form? - CORRECT

ANSWER✔✔Open Peril.




Question: What 2 additional coverages can be found on the DP2 and DP3 that are not found on

the DP1? - CORRECT ANSWER✔✔Collapse and Lawns/Plants/Trees/Shrubs




Question: If an insurer requires an application for reinstatement and it takes no action on that

application for ____, the policy is: - CORRECT ANSWER✔✔45 days/reinstated.




Question: In a bond that has been in place and renewed for several years with the same

carrier, under the "loss sustained under previous insurance condition" which would respond to

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a claim that was just discovered but which actually happened two years ago? - CORRECT

ANSWER✔✔The current bond.




Question: An insurer is required to acknowledge receipt of notice of a claim within: - CORRECT

ANSWER✔✔15 working days.




Question: What kind of violation has a construction company made if they have faulty

materials in a flood wall that collapses and results in the destruction of five homes? - CORRECT

ANSWER✔✔Civil Violation.




Question: A written modification of an insurance policy is known as: - CORRECT

ANSWER✔✔Endorsement




Question: A commercial inland marine condition defining the insurer's subrogation rights: -

CORRECT ANSWER✔✔Guarantees the insurer's ability to recover from a third party who is

responsible for a covered loss..




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Question: Phil Smith, in helping his friend Tim Jones apply for a New York Casualty Insurance

license, attests to Tim's honesty on the application and competence to handle the duties of the

license. Phil's statement must: - CORRECT ANSWER✔✔Submitted with all documentation and

applications to the state.




Question: Sam applied for, and was issued, a health insurance policy five years ago. At that

time, his age was recorded as age 36 when in fact he was age 38. Sam's policy includes a

misstatement of age provision and he has a claim at age 42. How will this claim be addressed? -

CORRECT ANSWER✔✔Claim benefits will be reduced.




Question: What is is not covered under the Equipment Breakdown coverage form? - CORRECT

ANSWER✔✔The breakdown of any structure or materials supporting the equipment.




Question: When benefits are paid to a policyowner covered under a hospital expense policy,

the policy is considered a: - CORRECT ANSWER✔✔Reimbursement Contract.




Question: If the named insured's employees use their own vehicles to run errands, and the

named insured does not have commercial auto coverage, what coverage should be added to the



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