TB - NY Indepentant General Adj Sample Test

Question 1

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

Answer 1

All of the above

Question 2

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

Answer 2

Flood coverage can now be included to cover contents

Question 3

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

Answer 3

Provides open peril coverage on the buildings and contents

Question 4

The deductible under the commercial property form is:

$500

$1000

$250

$750

Answer 4

$500

Question 5

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

Answer 5

Is no longer insured under a separate coverage form

Question 6

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

Answer 6

The collapse must involve an abrupt falling down or caving in

Question 7

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

Answer 7

Equipment breakdown protection coverage form

Question 8

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

Answer 8

6 years

Question 9

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

Answer 9

An auto insurance adjuster

Question 10

What is the age requirement for an adjuster in New York?

21

22

18

20

Answer 10

18

Question 11

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

Answer 11

25/50/10 and 50/100 wrongful death

Question 12

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

Answer 12

Is a required coverage

Question 13

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

Answer 13

25/50

Question 14

Uninsured motorist coverage protects:

The insured only

The insured and those passengers in the insured vehicle

The negligent party to accident

The uninsured driver

Answer 14

The insured and those passengers in the insured vehicle

Question 15

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

Answer 15

New York Reparations Act

Question 16

The amount of bond required to be filed by an adjuster with the state of New York is:

$1000

$1500

$500

$2000

Answer 16

$1000

Question 17

If a person violates a cease and desist order, he/she can be fined up to ______ for each offense.

$1000

$2000

$3000

$5000

Answer 17

$5000

Question 18

A temporary adjuster license can be issued by the Superintendent for ______ days.

30

60

90

120

Answer 18

120

Question 19

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

Answer 19

$500

Question 20

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

Answer 20

Unfair trade practices

Question 21

Proof of loss must be submitted by the insured to insurer within _____ of the loss.

3 days

30 days

90 days

180 days

Answer 21

90 days

Question 22

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

Answer 22

15 days

Question 23

A independent adjuster acts on behalf of the _________ in negotiating the settlement of claims.

Insurer

Agent of record

Public

All of the above

Answer 23

Insurer

Question 24

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

Answer 24

All of the above

Question 25

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

Answer 25

2 years

Question 26

Which of the following is considered a soft tissue injury?

Contusion

Strain

Sprain

All of the above

Answer 26

All of the above

Question 27

An electrocardiograph records the electrical activity of the:

Brain

Heart

Stomach

None of the above

Answer 27

Heart

Question 28

Carpel Tunnel Syndrome is an example of a:

Brain Injury

Soft tissue injury

Repetitive motion injury

Dislocation

Answer 28

Repetitive motion injury

Question 29

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 %

Answer 29

66 2/3 %

Question 30

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

Answer 30

All of the above

Question 31

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

Answer 31

A non-owned auto policy

Question 32

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

Answer 32

Joint ownership endorsement

Question 33

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

Answer 33

Miscellaneous type vehicles endorsement

Question 34

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

Answer 34

Employer non-ownership coverage

Question 35

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

Answer 35

Insignificant limitation of use of a body function or system

Question 36

The death benefit under the NY no fault plan is:

$2000

$5000

$7500

$10,000

Answer 36

$2000

Question 37

The limit for medical expenses and rehabilitation expenses under the New York no fault plan is:

$25,000

$50,000

$75,000

$100,000

Answer 37

$50,000

Question 38

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

Answer 38

Would be guilty of an unfair claims practice act

Question 39

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

Answer 39

Pain and suffering

Question 40

With long term care insurance, the activities of daily living include:

Walking

Feeding oneself

Transferring to bed or chair

All of the above

Answer 40

All of the above