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NY INDEPENDENT GENERAL ADJUSTER PRACTICE EXAM QUIZZES & ANSWERS 2024 - 25
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NY INDEPENDENT GENERAL ADJUSTER PRACTICE EXAM QUIZZES & ANSWERS 2024 - 25
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NY INDEPENDENT GENERAL ADJUSTER PRACTICEEXAM QUIZZES & ANSWERS 2024 - 25
Which,of,the,following,is,covered,by,a,dread,disease,policy?,ANS,-
illnesses,that,do,not,occur,frequently,but,incur,significant,costs,when,they,do,occur
Which,of,the,following,professionals,would,purchase,Directors,and,Officers,(D,&O),insurance,to,manage
,the,liability,risk,associated,with,their,activities?,ANS,-chief,executive,officer
For,the,commercial,general,liability,coverages,of,bodily,injury,,property,damage,and,medical,payments,,
which,of,the,following,limits,of,insurance,apply,if,the,aggregate,limit,is,NOT,met?,ANS,-per,occurrence
An,injured,employee,covered,under,workers',compensation,is,entitled,to,reasonably,justifiable,expense
s,for,retraining.,This,benefit,falls,under,which,of,the,following?,ANS,-vocational,rehabilitation
Which,of,the,following,is,the,party,who,agrees,to,be,responsible,for,loss,in,the,case,of,a,fidelity,bond?,A
NS,-the,surety
What,increases,the,potential,loss,of,an,unforeseen,event,that,causes,injury,to,an,insured,or,damage,to,
property?,ANS,-Hazard
Which,of,the,following,sides,represent,the,front,surface,of,the,patient?,ANS,-anterior
Which,party,is,required,to,provide,proof,of,loss,to,establish,entitlement?,ANS,-the,insured
What,does,homeowners,Coverage,B,-,Other,Structures,cover?,ANS,-
structures,located,on,the,insured's,property,separated,from,the,dwelling,by,clear,space
Which,of,the,following,is,a,duty,of,the,insured,after,a,loss?,ANS,-minimizing,further,loss
When,an,agent,tries,to,convince,a,policyholder,to,replace,an,existing,policy,to,buy,another,one,,what,ar
e,they,practicing?,ANS,-misrepresentation
, How,long,is,the,broad,theft,coverage,endorsement,invalid,if,the,property,is,vacant?,ANS,-
More,than,60,consecutive,days
The,insured,is,mowing,his,lawn,when,a,stranger,is,noticed,in,the,backyard.,The,stranger,claims,to,be,a,s
ubstitute,delivery,person.,Several,days,later,a,gold,watch,can,not,be,found.,Which,of,the,following,descr
ibes,the,loss?,ANS,-mysterious,disappearance
Before,taking,legal,action,,what,third-party,can,help,end,disputes,over,the,value,of,a,loss?,ANS,-
arbitrator
The,Liability,section,of,the,Farmowners,Policy,would,exclude,coverage,for,which,of,the,following,operati
ons?,ANS,-Repairing,tractors,owned,by,neighboring,farmers.
All,of,the,following,are,tax,qualified,retirement,plans,EXCEPT,ANS,-Section,529,plan.
Which,policy,condition,encourages,policyholder,to,insure,to,at,least,80%,of,replacement,value,to,avoid,
a,penalty,with,partial,losses?,ANS,-coinsurance
Which,one,of,the,following,represents,an,advantage,of,obtaining,a,policy,loan,vesus,a,withdrawal?,ANS,
-the,loan,is,not,taxed,while,a,withdrawal,is,taxed,for,amounts,above,the,contract,cost,basis
A,Basic,Hospital,Policy,pays,expenses,for,ANS,-hospital,room,and,board.
Which,type,of,bond,specifically,protects,against,dishonesty,by,employees,whose,names,or,positions,are,
listed,in,the,policy?,ANS,-scheduled
Exclusions,common,to,liability,coverage,for,both,the,personal,auto,policy,and,the,business,auto,policy,in
clude,all,of,the,following,EXCEPT,ANS,-
for,liability,arising,while,the,insured,auto,is,being,used,in,an,auto,business.
All,of,the,following,are,TRUE,regarding,underinsured,motorists,coverage,EXCEPT,ANS,-
it,is,of,little,consequence,who,was,at,fault,for,the,coverage,to,apply.
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