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NEW YORK INDEPENDENT GENERAL ADJUSTER EXAM
SIMULATOR - SERIES 17-70 QUESTIONS WITH CORRECT
VERIFIED ANSWERS/ GRADED A+
Which of the following is true regarding dealers physical damage coverage under a garage policy?
It is a blanket limit for covered autos.It extends coverage to customers' autos.It is an annual maximum limit for comprehensive and collision losses.It is a maximum limit per auto. - Correct Answer - It is a blanket limit for covered autos.
EXPLANATION:
The dealer's physical damage limit would be done on a blanket limit basis. This would apply to comprehensive and collision losses to the auto inventory of the dealer. This is done because it is simply not practical to schedule each dealer owned vehicle for physical damage. This is generally accomplished by the use of a monthly reporting form.
Which of the following would not be considered an occupational disease?
Black lung.Mesothelioma.Pulmonary fibrosis.Bending over to pick up a box and hurting your back. - Correct Answer - Bending over to pick up a box and hurting your back. is correct.
EXPLANATION:
Bending over to pick up a box and causing an injury is a work related injury and not a disease. 1 / 4
pg. 2 Which of the following is correct in order for the additional coverage of "collapse" to be available under special BOP?
The collapse must be such that the building can not be used as intended The remaining part of the structure standing must be demolished The remaining part of the structure must be judged unsound to rebuild on The building must be leaning, settling or in danger of collapsing - Correct Answer - The correct answer is: The collapse must be such that the building can not be used as intended.
EXPLANATION:
The definition of collapse in the policy is the "abrupt falling down or caving in of the structure or part of the structure" and it must render the building as unusable as intended.
Which of the following is NOT provided by the farm employers liability and farm employees medical payments insurance endorsement?
Answer Choices: Select the Correct Answer
Payment of statutory workers compensation benefits Pays medical payments to an injured farm employee Provides employers legal liability coverage where a bodily injury has occurred to an employee Provides defense coverage to the farm owner as a result of an injured employee who brings a legal action - Correct Answer - Payment of statutory workers compensation benefits is correct.
EXPLANATION:
This endorsement offers farm employers liability coverage and farm employee medical payments insurance. This endorsement does not provide statutory workers compensation benefits.
Which section of the spine is comprised of five fused vertebra?
Answer Choices: Select the Correct Answer
Lumbar vertebrae 2 / 4
pg. 3 Cervical vertebrae Thoracic Sacral - Correct Answer - Sacral is correct.
EXPLANATION:
Below the lumbar area are five sacral vertebrae. These comprise the sacrum. These five vertebrae fuse into one bone.
Under the property coverage offered by the HO-3 form, which would not be covered?
Answer Choices: Select the Correct Answer
The property of a teenage friend of the insured's son who is temporarily residing with the insured and whose property is stolen.A business associate who suffers damage to his clothing from the insured's fireplace when a log rolled out.Property that belongs to a friend of the insured and which the insured borrowed and is temporarily using.The dog owned by a guest that is stolen while he is visiting the insured. - Correct Answer - The dog owned by a guest that is stolen while he is visiting the insured. is correct.
EXPLANATION:
The policy excludes animals as covered property.
What does the term "comparative negligence" refer to?
The percentage of fault is shared by each driver in an accident in which both contribute to causing the accident.The one who is most negligent receives no payment when the claim is settled.The one who is the least negligent receives no payment when the claim is settled.If both parties have contributed to causing the accident, neither party receives any payment when the claim is settled. - Correct Answer - The percentage of fault is shared by each driver in an accident in which both contribute to causing the accident. is correct.
EXPLANATION: 3 / 4
pg. 4 Comparative negligence establishes the percentage of fault shared by each driver in an accident in which both contribute to causing the accident. Comparative negligence laws vary by state.
An insured can, by written request to the insurance company, have benefits under his
policy paid to:
A hospital, a physician, or a surgeon.Himself, but no one else.A hospital, but not to a physician or surgeon.Only the beneficiary, whether the insured is living or deceased. - Correct Answer - A hospital, a physician, or a surgeon. .
EXPLANATION:
Other than service type hospitalization contracts, health policies are reimbursement contracts that reimburse the covered insured for his/her claim. Assignments for payment to health care providers may be made, but may not always be honored by insurers.
The burden of proof is normally a duty of:
Answer Choices: Select the Correct Answer
The insurance company The adjuster The insured The contractor - Correct Answer - The insured is correct.
The burden of proof is the responsibility of the insured.
When an insurer intends to non-renew a homeowners policy in New York, at least _____ advance notice of non-renewal must be sent to the insured.
Answer Choices: Select the Correct Answer
45 days 60 days
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