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NY INDEPENDENT GENER AL
ADJUSTER EXAM - SERIES 17-70
QUESTIONS AND CORRECT
ANSWERS
Question : Dram Shop Liability refers to:
CORRECT ANSWER : Liquor Law Liability.
Question : The insured has suffered a covered loss under
his DP-3 dwelling form. He fails to protect the property from further loss. The additional loss that occurs as a result of his inactions may be denied because of what clause in the policy?
CORRECT ANSWER: Neglect.
Question : To be eligible for the New York assigned risk
auto plan a person must:
CORRECT ANSWER : Hold a valid driver's license.
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Question : Any insurance adjuster whose license has been
revoked for cause will not be entitled to apply for any
other insurance license in New York until at least:
CORRECT ANSWER : One Year.
Question : A typical benefit design for a long term care
policy does not include a:
CORRECT ANSWER : Conditionally or optionally
renewability feature.
Question : In New York the workers compensation
program is administered by the Workers Compensation Board which establishes guidelines for the program.Notice of injury or death to a worker is required to be submitted to the employer within what period of time?
CORRECT ANSWER : 30 Days.
Question : A common carrier is not held liable for the loss
of a shipper's goods when the loss results from:
CORRECT ANSWER : An Act of God.
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Question : If one is found guilty of federal insurance
fraud, who can permit the guilty individual to return to the insurance business?
CORRECT ANSWER : Only an insurance regulatory
official.
Question : When is a passenger first covered under an
aircraft policy?
CORRECT ANSWER : When Entering the Aircraft.
Question : If an insured takes precautionary measures to
protect property from flood damage such as creating a retaining wall of sand bags, how much coverage if any, will be provided by a flood policy?
CORRECT ANSWER : $1,000 if the flood is imminent
and the property is in danger of flooding.
Question : Which Commercial Forms would cover
sinkhole collapse?
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CORRECT ANSWER : Basic, Broad, and Special.
Question : ______ is a movement allowed by certain
joints of the skeleton that decreases the angle between two adjoining bones.
CORRECT ANSWER : Flexion
Question : The listing of the perils covered is found in
which part of a homeowner policy?
CORRECT ANSWER : Insuring Agreement.
Question : If a dog owned by a customer is injured in the
parking lot of a store, is that considered bodily injury under liability coverage?
CORRECT ANSWER : No. The dog is property and
would be consider property damage.
Question : The Superintendent of Insurance may approve
the employment, appointment or participation of any person whose license has been revoked. Karen Jones had