NY-Independent-General-Adjuster by Insurance Licensing Actual Free Exam Q&As

Question 1

The self-insured portion of an insurance claim is called a

A. liability. B. principal. C. coinsurance. D. deductible.

Discussion 0

Correct Answer: D Vote an answer

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Question 2

An adjuster cannot contact the insured or claimant once they retain the services of

A. an appraiser except in arbitration. B. an attorney except with permission. C. a private investigator. D. a medical professional.

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Correct Answer: B Vote an answer

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Question 3

If insurance is used to establish proof of financial responsibility to comply with the Motor Carrier Act of 1980, what endorsement can be used?

A. MCS-90 endorsement. B. Additional insured-lessor endorsement. C. Individual named insured endorsement. D. Mobile equipment endorsement.

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Correct Answer: A Vote an answer

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Question 4

Under a Homeowners Policy, coverage up to $500 is provided for the insured's legal obligation to pay losses in all of the following situations EXCEPT

A. the dishonesty of an insured. B. forgery or alteration of the insured's check. C. theft of a credit card. D. the insured's acceptance in good faith of counterfeit money.

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Correct Answer: A Vote an answer

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Question 5

Under a Homeowners policy, which of the following is an insured location?

A. Farmland. B. Office building. C. Airport. D. Cemetery plots of any insured.

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Correct Answer: D Vote an answer

Question 6

The Commercial Inland Marine Conditions Form, when attached to the Commercial Inland Marine Coverage Section, provides which of the following?

A. Warranty of properly packed cargo. B. The insured party's duties in the event of a loss. C. Transportation and/or communication coverage. D. Natural disaster coverage.

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Correct Answer: B Vote an answer

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Question 7

Fair rental value is found under which coverage part of a dwelling policy?

A. Coverage C. B. Coverage B. C. Coverage E. D. Coverage D.

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Correct Answer: D Vote an answer

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Question 8

When it comes to liability on a Businessowners Policy, the insurer's duty to defend ends if the

A. insured missed a payment on his premium. B. insured did not pay his taxes. C. limits of insurance are used up. D. insurer feels they put in too many claims in the past.

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Correct Answer: C Vote an answer

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Question 9

Under a Homeowners policy, which of the following is an insured location?

A. Farmland. B. Office building. C. Airport. D. Cemetery plots of any insured.

Discussion 0

Correct Answer: D Vote an answer

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Question 10

A type of insurance that protects an individual who fails to meet the standards of skill and care generally accepted for her occupation is

A. workers' compensation. B. fiduciary liability. C. personal liability. D. professional liability.

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Correct Answer: D Vote an answer

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Insurance Licensing NewYorkIndependent General Adjuster (Series 17-70) - NY-Independent-General-Adjuster Exam Practice Test