General adjuster - Study guides, Class notes & Summaries

12/1 - even numbered yrs - ANSWER On what date does an adjuster's license need to be renewed? $1,000 - ANSWER What is the amount of bond that must be posted to obtain and adjuster's license? Not until hearing held - ANSWER When can the Superintendent of Insurance revoke an adjuster's license? a. anytime b. by sending a 30 day notice of the renovation c. not until a hearing is held d. When proof of offense has been received Example of unfair claim settlement act - ANSWER Failing to a...

NY INDEPENDENT GENERAL ADJUSTER EXAM - SERIES 17-70 187 QUESTIONS AND ANSWERS Dram Shop Liability refers to: - answer Liquor Law Liability.

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? - Employers nonownership coverage. This coverage protects the employer and not the employee. The employee is covered under his own PAP policy. Replacement cost coverage is best defined as: - Replacement without ded...

NY Independent General Adjuster Exam - Series 17-70 Questions and Answers Rated A Dram Shop Liability refers to: 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? Neglect. To be eligible for the New York assigned risk auto plan a person must: Hold a valid driver's license. Any insurance a...

NEW YORK INDEPENDENT GENERAL ADJUSTER EXAM SIMULATOR - SERIES 17-70 ALREADY PASSED Which of the following would NOT be found in the conditions section of a homeowners insurance policy? Subrogation rights Duties of the insured Insurance premium Mortgagee clause The insurance premium is not shown in the conditions section of the homeowner policy. Which of the following is true regarding dealers physical damage coverage under a garage policy? It is a blanket limit for covered autos. It exten...

NY Independent General Adjuster Exam - Series 17-70 Graded A+ 2024

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 cau...

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 cau...

NY GENERAL ADJUSTER TEST (10-70)

New York State General Adjuster 17-70 Questions and Answers |