TB - NY Indepentant General Adj Sample Test Flashcards
The eligibility now allows homeowners policy to be written on:
A two family dwelling
A three family dwelling
A four family dwelling
All of the above
All of the above
The new commercial property forms have been adopted in NY.
Which of the following is not a change in the forms?
Additional coverage, increased cost of construction is added
Replacement cost coverage on property of others can now be provided
Flood coverage can now be included to cover contents
Property off premises extension now covers stock at fairs, trade show or exhibition
Flood coverage can now be included to cover contents
Which of the following is true regarding the Homeowners HO-5 form?
Provide open peril coverage on buildings and broad form peril coverage on the contents
Provides open peril coverage on the buildings and contents
Provides broad form peril coverage on the buildings and contents
Provides broad form peril coverage on the buildings and name peril coverage on the contents
Provides open peril coverage on the buildings and contents
The deductible under the commercial property form is:
$500
$1000
$250
$750
$500
Under the commercial property cause of loss forms glass is:
Mins urged under a separate coverage form
Is no longer insured under a separate coverage form
Can be added by an amendment to the cause of loss forms
None of the above
Is no longer insured under a separate coverage form
A new definition of collapse has been included in the property cause of loss forms that provide this coverage.
The main change is:
The collapse can be gradual falling down or caving in of the structure
The entire building must fall or cave in
The collapse must involve an abrupt falling down or caving in
Coverage is provided if caused by hidden insect or vermin damage if the insured knew about it prior to the collapse
The collapse must involve an abrupt falling down or caving in
Boiler and machinery forms have been revised.
Of the following, which are now currently being used?
The standard boiler and machinery form
The small business boiler and machinery form
Equipment breakdown protection coverage form
None of the above
Equipment breakdown protection coverage form
In NY, insurers must maintain records pertaining to claims, rating, underwriting, marketing and other pertinent information for a period of:
10 years
6 years
5 years
15 years
6 years
Which of the following would need an adjuster’s license in NY?
A licensed attorney
An auto insurance adjuster
An average adjuster of maritime losses
A licensed insurance agent
An auto insurance adjuster
What is the age requirement for an adjuster in New York?
21
22
18
20
18
To satisfy the financial responsibility law in NY, the insured must carry which of the following automobile limits of coverage?
25/50/10
25/50/10 and 50/100 wrongful death
50/100/25
50/100/10
25/50/10 and 50/100 wrongful death
Uninsured motorist coverage in NY:
Coverage must be offered but the insured can refuse in writing
Is it a required coverage
Is a required coverage
Limits cannot exceed the limits of the insured’s liability coverage
Is a required coverage
What are the required limits of UM coverage in New York?
25/50
25/50/10
25/50 with 50/100 wrongful death
None of the above
25/50
Uninsured motorist coverage protects:
The insured only
The insured and those passengers in the insured vehicle
The negligent party to accident
The uninsured driver
The insured and those passengers in the insured vehicle
The no-fault law in New York is known as:
The New York no-fault law
The assigned risk plan
New York Reparations Act
Underinsured motorist plan
New York Reparations Act
The amount of bond required to be filed by an adjuster with the state of New York is:
$1000
$1500
$500
$2000
$1000
If a person violates a cease and desist order, he/she can be fined up to ______ for each offense.
$1000
$2000
$3000
$5000
$5000
A temporary adjuster license can be issued by the Superintendent for ______ days.
30
60
90
120
120
A person that has been found to be in violation of unfair or deceptive acts can be fined up to ________ for each offense.
$500
$1000
$1500
$2000
$500
Failing to acknowledge reasonable communication with respect to claims arising out of policies is an example of:
Unfair and deceptive acts
Unfair claims practices
Fraud
Unfair trade practices
Unfair trade practices
Proof of loss must be submitted by the insured to insurer within _____ of the loss.
3 days
30 days
90 days
180 days
90 days
The insurer is required to provide claim forms to the insured within ______ of being notified of the loss.
15 days
30 days
90 days
1 year
15 days
A independent adjuster acts on behalf of the _________ in negotiating the settlement of claims.
Insurer
Agent of record
Public
All of the above
Insurer
Which of the following methods of providing workers compensation benefits are permitted by the state of New York?
Purchasing benefits from private insurer
Qualifying as a self-insurer
Purchasing benefits from the New York Workers Compensation Insurance Fund
All of the above
All of the above
Under Workers Compensation, claims for occupational diseases must be filled within ______ after death or disability, or within two years after the claimant knows or reasonably should have known that the disease is related to employment.
6 months
2 years
60 days
5 years
2 years
Which of the following is considered a soft tissue injury?
Contusion
Strain
Sprain
All of the above
All of the above
An electrocardiograph records the electrical activity of the:
Brain
Heart
Stomach
None of the above
Heart
Carpel Tunnel Syndrome is an example of a:
Brain Injury
Soft tissue injury
Repetitive motion injury
Dislocation
Repetitive motion injury
The NY Workers Compensation Fund provides for an income benefit of ________ of lost wages for a disabled worker.
50%
65 1/2%
100%
66 2/3 %
66 2/3 %
Which of following types of employment are exempt from workers compensation in the state of New York?
Self employed individuals
Domestic workers
Volunteer workers
All of the above
All of the above
What type of automobile coverage does a person need that does not own a vehicle?
An owned auto policy
A non-owned auto policy
A joint ownership auto policy
A special drive other car policy
A non-owned auto policy
What personal auto endorsement is needed when two persons living in the same household, other than husband and wife, who jointly own a private passenger auto, pickup or van?
Dual ownership endorsement
Combined ownership endorsement
Joint ownership endorsement
Broad form named ownership endorsement
Joint ownership endorsement
An insured owns a motor home which is not covered by the insured’s personal auto policy.
This vehicle can be added to the policy by using which of the following endorsements?
Special type vehicle endorsement
Recreational vehicle endorsement
Miscellaneous type vehicles endorsement
Motor home endorsement
Miscellaneous type vehicles endorsement
An employee has been asked to use his own personal vehicle to perform to perform certain tasks on behalf of his employer.
What coverage is used under the Business Auto policy to protect the employer from lawsuits when the employee has an accident that causes legal actions against the employer?
Named non-owned coverage
Employee driver car coverage
Employer non-ownership coverage
Employer owned auto coverage
Employer non-ownership coverage
Under NY no fault coverage an insured can sue for injuries for all of the following except:
Dismemberment
A Fracture
Insignificant limitation of use of a body function or system
Significant disfigurement
Insignificant limitation of use of a body function or system
The death benefit under the NY no fault plan is:
$2000
$5000
$7500
$10,000
$2000
The limit for medical expenses and rehabilitation expenses under the New York no fault plan is:
$25,000
$50,000
$75,000
$100,000
$50,000
An insured has suffered a covered collision loss to his vehicle.
The insurer has insisted that the insured have the vehicle repaired at a repair shop of the company’s choice. The insurer:
Can make that request
Would be guilty of an unfair claims practice act
Waives the deductible, if any, in this case
Can usually get the work done for less which helps to reduce insurance costs
Would be guilty of an unfair claims practice act
When Optional Basic Econimic Loss (OBEL) coverage is purchased, an insured can collect up to an additional $25,009 coverage that pertains to all of the following except:
Health care expenses
Loss of earning from employment
Physical or occupational therapy
Pain and suffering
Pain and suffering
With long term care insurance, the activities of daily living include:
Walking
Feeding oneself
Transferring to bed or chair
All of the above
All of the above
