New York General Adjuster 17-70 State Exam Prep
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Adjuster State Exam 2026
When can two insurance companies arbitrate a
subrogation question? -
ANSWER-When both companies consent to
arbitration
Who makes a declaratory judgement? - ANSWER-The court
An HO-2 form sets special coverage limits on all of the
following items,
EXCEPT: - ANSWER-
Television sets
Furniture is not subject to the special limit provisions of the
policy.
An insured's television set is damaged while at a repair shop.
The interest of the
,repair shop is not covered because of which of the
following clauses? -
ANSWER-No Benefit to
Bailee
The intent of the policy is to only cover the insurable interest of
the insured. Bailees such as, a TV repair shop or a dry cleaners
would not be an insured under the insured's policy. They must
provide their own coverage.
In a Homeowner Policy under the additional coverage of glass
breakage, building glass is: - ANSWER-Covered unless the
insured premises has been vacant for 60 consecutive days
immediately before a loss
In New York, no suit or action against the insurer for the
recovery of any claim shall be sustainable in any court of law
unless all of the requirements of the policy have been complied
with, unless commenced within ______ months after inception
of the loss. - ANSWER-24 months
The suit must be brought within 24 months next after the
inception of the loss.
In ocean marine insurance, each of the following is considered
to be an "implied
warranty" EXCEPT: - ANSWER-General
Average.
,Insurers must maintain a complaint record for ______ after all
elements of the
complaint are resolved and the file is closed. - ANSWER-
Insurers are required
to maintain complaint records for six
calendar years.
Richard Lanham has been advised by the superintendent of
Insurance to cease and desist in the performance of certain
infractions of the insurance code. He has had a hearing and
been issued a cease and desist order. He continues to violate
the cease and desist order. He can be fined a penalty of up to: -
ANSWER-$5,000 per violation.
The $1,000 for reasonable expenses incurred to remove
property to another location to protect it from flood damage is
available on flood insurance: - ANSWER-The policy will provide
up to $1,000 of expenses incurred to remove property from the
premises to protect it from damage for each flood loss
occurrence.
The adjuster has uncovered some discrepancies in matters
pertaining to the
claim. He is unable to contact the insured to discuss these
matters. What
should the adjuster do? - ANSWER-Send a reservation of
rights letter to the
insured's last known
address.
, The BOP has limitations on the square footage in regard to
eligible risks. What
is the maximum square footage a building can contain and
still be eligible for
the policy? - ANSWER-Eligible risks cannot exceed 35,000
square feet in total
floor area, or exceed $6,000,000 in annual gross sales at
each location.
Incidental storage buildings not exceeding 35,000 square feet
and occupied by
the insured may be
included.
The insured owns a 50 HP fishing boat covered under a
watercraft policy for hull insurance. He also carries a
homeowner policy. He ties his boat to a tree and goes ashore to
camp. The next morning he discovers that his boat is stolen.
Which policy would pay the claim? - ANSWER-The watercraft
policy would pay the claim. The homeowner policy excludes
property more specifically insured and also excludes any boat
off the insured's premises for the peril of theft.
Which of the following dwelling forms provides broad
form coverage for
personal property? - ANSWER-DP-2 and
DP-3 only
Test Bank || Most Recent Exam 2026-2027 Actual
Complete 750 Real Exam Questions And Correct
Answers (Expertly Verified Answers) Already
Graded A+ | Guaranteed Success!! Newest
Exam | Just Released!! NY General Lines
Adjuster State Exam 2026
When can two insurance companies arbitrate a
subrogation question? -
ANSWER-When both companies consent to
arbitration
Who makes a declaratory judgement? - ANSWER-The court
An HO-2 form sets special coverage limits on all of the
following items,
EXCEPT: - ANSWER-
Television sets
Furniture is not subject to the special limit provisions of the
policy.
An insured's television set is damaged while at a repair shop.
The interest of the
,repair shop is not covered because of which of the
following clauses? -
ANSWER-No Benefit to
Bailee
The intent of the policy is to only cover the insurable interest of
the insured. Bailees such as, a TV repair shop or a dry cleaners
would not be an insured under the insured's policy. They must
provide their own coverage.
In a Homeowner Policy under the additional coverage of glass
breakage, building glass is: - ANSWER-Covered unless the
insured premises has been vacant for 60 consecutive days
immediately before a loss
In New York, no suit or action against the insurer for the
recovery of any claim shall be sustainable in any court of law
unless all of the requirements of the policy have been complied
with, unless commenced within ______ months after inception
of the loss. - ANSWER-24 months
The suit must be brought within 24 months next after the
inception of the loss.
In ocean marine insurance, each of the following is considered
to be an "implied
warranty" EXCEPT: - ANSWER-General
Average.
,Insurers must maintain a complaint record for ______ after all
elements of the
complaint are resolved and the file is closed. - ANSWER-
Insurers are required
to maintain complaint records for six
calendar years.
Richard Lanham has been advised by the superintendent of
Insurance to cease and desist in the performance of certain
infractions of the insurance code. He has had a hearing and
been issued a cease and desist order. He continues to violate
the cease and desist order. He can be fined a penalty of up to: -
ANSWER-$5,000 per violation.
The $1,000 for reasonable expenses incurred to remove
property to another location to protect it from flood damage is
available on flood insurance: - ANSWER-The policy will provide
up to $1,000 of expenses incurred to remove property from the
premises to protect it from damage for each flood loss
occurrence.
The adjuster has uncovered some discrepancies in matters
pertaining to the
claim. He is unable to contact the insured to discuss these
matters. What
should the adjuster do? - ANSWER-Send a reservation of
rights letter to the
insured's last known
address.
, The BOP has limitations on the square footage in regard to
eligible risks. What
is the maximum square footage a building can contain and
still be eligible for
the policy? - ANSWER-Eligible risks cannot exceed 35,000
square feet in total
floor area, or exceed $6,000,000 in annual gross sales at
each location.
Incidental storage buildings not exceeding 35,000 square feet
and occupied by
the insured may be
included.
The insured owns a 50 HP fishing boat covered under a
watercraft policy for hull insurance. He also carries a
homeowner policy. He ties his boat to a tree and goes ashore to
camp. The next morning he discovers that his boat is stolen.
Which policy would pay the claim? - ANSWER-The watercraft
policy would pay the claim. The homeowner policy excludes
property more specifically insured and also excludes any boat
off the insured's premises for the peril of theft.
Which of the following dwelling forms provides broad
form coverage for
personal property? - ANSWER-DP-2 and
DP-3 only
