NY General Adjuster test 1770 Exam Questions and Answers Already Passed
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NY General Adjuster te-st 1770
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NY General Adjuster Te-st 1770
NY General Adjuster test 1770 Exam Questions and Answers Already Passed
All of the following are eligible for group long term care insurance, EXCEPT:
Answer Choices: Select the Correct Answer
A group formed as a cooperative to buy insurance at a discount.
One or more employer or labor org...
NY General Adjuster test 1770 Exam Questions and Answers Already Passed
All of the following are eligible for group long term care insurance, EXCEPT:
Answer Choices: Select the Correct Answer
A group formed as a cooperative to buy insurance at a discount.
One or more employer or labor organizations for the benefit of the employees.
Any professional, trade or occupational association for the benefit of their bona fide members or
retirees.
A trust established or maintained for the benefit of members of a qualifying association. - Answers A
group formed as a cooperative to buy insurance at a discount is correct.
In case of a loss, how many days notice does the insured have after notification of a claim to submit the
claim to the underwriters of the ocean marine coverage?
60 Days
90 Days
120 Days
180 Days - Answers 180 days is correct.
What are the unique features of the Businessowners policy form?
Answer Choices:
It provides owned auto and ocean marine coverage
The premium is adjustable and is based on number of employees
The property coverage is open peril with no coinsurance
requirement
,It has fewer exclusions - Answers The property coverage is open peril with no coinsurance requirement
is correct.
A named peril aviation policy would cover all of the following, EXCEPT:
Answer Choices:
Flood
Theft
Stationary land damage
Windstorm - Answers Flood is correct.
After completing an inspection of an insured's pressure equipment and fire suppression systems, the
inspector determines that the pressure equipment needs to be repaired and the suppression systems
have not been cleaned and inspected in the time frame required by the policy. The insurer will:
Answer Choices: Select the Correct Answer
Give notice to the insured to make the repairs within 24 hours
Require the insured to send copies of the cleaning and repairs to the underwriter
Suspend coverage immediately by red tagging the items until they are repaired, cleaned and pass
reinspection
Reduce coverage in case of loss by 25% - Answers Suspend coverage immediately by red tagging the
items until they are repaired, cleaned and pass reinspection is correct.
What is the maximum period of time that coverage applies under civil authority business income
coverage under the BOP? - Answers 4 weeks is correct.
Which of the following statements is true with respect to symbol 1 used in the BAP declarations?
Answer Choices: Select the Correct Answer
,It is used only for liability coverage.
It identifies owned and hired autos only.
When it is used to identify covered auto, 30 days' notice to the insurer is required to arrange coverage
on newly acquired autos.
When it is used, the covered autos must be specifically described. - Answers It is used only for liability
coverage. is correct.
How are household personal property claims settled under the farm policy?
Answer Choices: Select the Correct Answer
Replacement cost
Market value
Replacement cost if insured 80% to value
Actual cash value - Answers Actual cash value is correct.
Claims under farm policies for household personal property will be settled on an actual cash value basis
similar to the homeowner policy. An endorsement for replacement cost settlement is available for
additional premium.
A commercial umbrella liability policy would usually cover which of the following situations?
Answer Choices: Select the Correct Answer
, A. The insured claimed in a TV ad that the company's product will allow dieters to lose five pounds per
week for four weeks without changing their eating habits. Several dissatisfied customers sued the
insured when the product did not cause weight loss.
B. The insured was sued for knowingly allowing its advertising agency to make untrue statements about
a competitor in an advertisement for the insured's product.
C. The insured owns and rents out a number of subsidized housing units. Feeling justified that he has the
right to know what goes on in the rented units, he regularly uses a passkey to let himself in and look
around the units. One day he did this while a tenant was sleeping. The tenant woke up, saw the insured
and ordered him to leave. The insured refused. Later, the tena - Answers The insured owns and rents
out a number of subsidized housing units. Feeling justified that he has the right to know what goes on in
the rented units, he regularly uses a passkey to let himself in and look around the units. One day he did
this while a tenant was sleeping. The tenant woke up, saw the insured and ordered him to leave. The
insured refused. Later, the tenant sued the insured for wrongful entry.
The owner of the housing unit committed an act covered under personal injury liability coverage.
All of the following uniform optional provisions permit the insurer to adjust benefits, EXCEPT:
Answer Choices: Select the Correct Answer
Change in Occupation
Time Payment of Claims
Misstatement of Age
Benefits in Relation to Earnings - Answers Time Payment of Claims is correct.
Time payment of claims is a mandatory provision that favors the insured. It stipulates the time period in
which a claim must be paid.
Vision care insurance is _______ under a group health insurance plan.
Answer Choices: Select the Correct Answer
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