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NY Independent General Adjuster Exam - Series 17-70 Study Guide Solutions Dram Shop Liability refers to: - ANSWER-Liquor Law Liability. 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 ...

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  • November 11, 2024
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  • 2024/2025
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  • ny independent general adjuster exam series 17 7

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Copyright © KAYLIN 2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED




NY Independent General Adjuster Exam -

Series 17-70 Study Guide Solutions


Dram Shop Liability refers to: - ANSWER✔✔-Liquor Law Liability.


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? - ANSWER✔✔-Neglect.


To be eligible for the New York assigned risk auto plan a person must: - ANSWER✔✔-Hold a valid driver's

license.


Any insurance adjuster whose license has been revoked for cause will not be entitled to apply for any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: - ANSWER✔✔-One Year.


A typical benefit design for a long term care policy does not include a: - ANSWER✔✔-Conditionally or

optionally renewability feature.


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? - ANSWER✔✔-30 Days.


A common carrier is not held liable for the loss of a shipper's goods when the loss results from: -

ANSWER✔✔-An Act of God.




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, Copyright © KAYLIN 2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED


If one is found guilty of federal insurance fraud, who can permit the guilty individual to return to the

insurance business? - ANSWER✔✔-Only an insurance regulatory official.


When is a passenger first covered under an aircraft policy? - ANSWER✔✔-When Entering the Aircraft.


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? - ANSWER✔✔-

$1,000 if the flood is imminent and the property is in danger of flooding.


Which Commercial Forms would cover sinkhole collapse? - ANSWER✔✔-Basic, Broad, and Special.


______ is a movement allowed by certain joints of the skeleton that decreases the angle between two

adjoining bones. - ANSWER✔✔-Flexion


The listing of the perils covered is found in which part of a homeowner policy? - ANSWER✔✔-Insuring

Agreement.


If a dog owned by a customer is injured in the parking lot of a store, is that considered bodily injury

under liability coverage? - ANSWER✔✔-No. The dog is property and would be consider property

damage.


The Superintendent of Insurance may approve the employment, appointment or participation of any

person whose license has been revoked. Karen Jones had her license revoked and filed an application for

relicensing and has waited over 120 days without a response from the Insurance Department. What

should or can she do? - ANSWER✔✔-Assume the relicensing is approved.


Mr. Vickers was in a hurry to catch a plane. He parks his car in the parking garage at the airport and

leaves the keys in the ignition. When he returns he finds that his car has been stolen. Later the car was

discovered with severe collision damage. The airport carries Garagekeeper's Legal Liability coverage and


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, Copyright © KAYLIN 2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED


Mr. Vickers carries Liability and Comprehensive coverage on his auto. What coverage would apply? -

ANSWER✔✔-Mr. Vickers comprehensive coverage.


An automobile is polluting the environment. What engine component could be the primary cause? -

ANSWER✔✔-Catalytic Converter Malfunction.


Under the dwelling policy, DP2 or D3, what is the maximum amount of Coverage A that would be paid

for additional living expenses? - ANSWER✔✔-20%


Workers compensation policies also include employer's liability coverage. If any employer fails to

maintain the equipment and an employee is injured, would it be covered under this coverage? -

ANSWER✔✔-Yes.


Fidelity bonds are typically written to be effective for a: - ANSWER✔✔-Continuous term without an

expiration date.


One purpose of a deductible is to: - ANSWER✔✔-Eliminate small claims.


If the insured has failed to pay the premium for a worker compensation policy issued in New York, how

many days notice of cancellation must be sent to the insured? - ANSWER✔✔-A 10 day notice.


A ship owner wanting coverage in case crew members bring liability suits for injuries sustained while

working would purchase: - ANSWER✔✔-Protection and Indemnity


Under workers compensation in New York, which of the following does not raise the premium based on

it being a proportion of the charged premium? - ANSWER✔✔-Premium Discount.


What is an example of a moral hazard? - ANSWER✔✔-Embezzlement




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