Ndependent adjuster - Study guides, Class notes & Summaries

NY INDEPENDENT GENERAL ADJUSTER EXAM - SERIES 17-70 Questions and Correct Answers 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 v...

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 extends coverage to customers' autos. It is an annual maximum limit for comprehensi...

Dynamic Risk - ANSWER-Not insurable. Think COVID. Tech advances that might hurt your business. Static risk - ANSWER-100 year flood, rare genetic illness , doesn't really change through time. Insurable Pure risk - ANSWER-a risk that presents the chance of loss but no opportunity for gain Speculative risk - ANSWER-a situation in which either profit or loss is possible, such as investing in the stock market Fundamental risk - ANSWER-risk that can affect many people at once (earthquake,...

All of the following statements are true regarding the Federal Employers Liability Act (FELA), EXCEPT: correct answersIt provides workers' compensation coverage for employees working in federal government buildings. Property damage to an insured's work that arises out of the work and is part of the products-completed operations hazard, as defined in a commercial umbrella liability policy is: correct answersUsually excluded unless the work out of which the damage arose was done by a subcontr...

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 Any insurance adjuster whose license has been revoked for cause will not be entitled to a...

NYS 17-71 Independent Adjuster Exam Test Prep Questions with Verified Solutions

New York Independent Adjuster General Test Exam Questions with Verified Solutions

AUTO INDEPENDENT ADJUSTER CERTIFICATION EXAM QUESTIONS AND CORRECT DETAILED ANSWERS | EVERYTHING YOU NEED TO PASS with A+ EVRT - ANSWER-Early Vehicle Routing Tool EFT - ANSWER-Electronic Funds Transfer Competitive Bids - ANSWER-process requires that two or more repairers submit competitive estimates or "bids" for a specific repair job PCPs - ANSWER-Prevailing Competitive Prices

NYS 17-71 Independent Adjuster Exam Test Prep Questions with Verified SolutionsNYS 17-71 Independent Adjuster Exam Test Prep Questions with Verified Solutions

All of the following statements are true regarding the Federal Employers Liability Act (FELA), EXCEPT: Correct Answer It provides workers' compensation coverage for employees working in federal government buildings. Property damage to an insured's work that arises out of the work and is part of the products-completed operations hazard, as defined in a commercial umbrella liability policy is: Correct Answer Usually excluded unless the work out of which the damage arose was done by a subcontr...