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NY INDEPENDENT GENERAL ADJUSTER EXAM -
SERIES 17-70 EXAM NEWEST 2025 ACTUAL EXAM
COMPLETE 170 QUESTIONS AND CORRECT
DETAILED ANSWERS (VERIFIED ANSWERS)
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Third-party provisions allow for an entity that lends money to an insured to purchase property, to be named on the insurance for that property. In property insurance, this is known as a "standard
mortgage clause." In auto insurance, it is known as: - ANSWER-
Loss payable clause.
Technician A says that when acoustical foam is removed during the repair, it is not necessary to replace it. Technician B says the acoustical materials should be replaced with structural foam to maintain structural sound requirements. Who is right? - ANSWER-Neither.
The insured carries auto insurance in New York and has purchased the Supplementary Uninsured Motorist Coverage
(SUM). This coverage: - ANSWER-Replaces the statutory
uninsured motorist coverage.
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Substitute services will provide: - ANSWER-$25 per day for
one year.
Entering into any agreement to commit, or by any concerted action committing, any act resulting in or tending to result in unreasonable restraint of the business of insurance is an example
of: - ANSWER-Coercion.
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? - ANSWER-Employers non- ownership coverage.
What is not specifically considered an unfair trade practice under the insurance code of most states? - ANSWER- Appointment of producers by unauthorized insurers.
Are costs to recall products that may be defective considered "your product" under the CGL policy? - ANSWER-No.
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Would the Business Owner's Policy (BOP) cover injury or damage caused by the operation of mobile equipment? - ANSWER-Yes.
A company has been hired to determine the extent of pollution damage and recommend methods of its removal. However, it fails to identify some of the pollutants. What coverage might this company need to cover their liability exposures? - ANSWER-Environmental Errors and Omissions Coverage.
Convenience stores selling gasoline must have a minimum of ______ square feet in total floor area in order to qualify for the
BOP? - ANSWER-3,000.
Under homeowner policies personal property used for business purposes is covered for what limits on and off the premises? - ANSWER-$2,500 on premises and $1,500 off premises.
The insured carries an Equipment Breakdown policy with a limit of $300,000. A boiler has exploded and caused extensive damage to the building and its contents. As a result of the explosion a fire ensues causing $100,000 in damages. How much will the Equipment Breakdown policy pay for the fire 3 / 4
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damage? - ANSWER-$0. The Equipment Breakdown policy excludes fire damage.
Under Coverage E - Scheduled Farm Property, how is the property covered? - ANSWER-For the limit shown in the policy declarations.
If a person is found guilty of violating USC Section 1033 regarding Federal Fraud and False Statements, what can the Attorney General do? - ANSWER-Assess a civil penalty in the amount the person received or offered for the prohibited conduct or $5,000 whichever is greater.
Under a commercial Building and Personal Property Coverage form with no optional coverages selected, loss
valuation/settlement is based on: - ANSWER-Actual Cash
Value.
Who signs the declaration page on the Equipment Breakdown policy? - ANSWER-An Authorized Representative.
A contract between a public adjuster and an insured must be: -
ANSWER-In Written Form.
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