Download NY General Adjuster 17-70 Exam Q&A: Insurance License Prep and more Exams Business Administration in PDF only on Docsity!
and Answers (Elaborated & Verified)
Ccomprehensive and detailed compilation of the latest 2025
exam questions and answers for the New York State General
Adjuster license (Series 17-70). It includes scenario-based
multiple-choice questions with verified answers across a wide
range of insurance topics such as business auto policies, property
and casualty, workers' compensation, homeowners, commercial
lines, flood insurance, and liability coverages. The content is
aligned with current New York State regulatory standards and
serves as a thorough study resource for exam preparation.
Latest updated 2025/
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? - ansEmployers non-ownership 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: - ansReplacement without deduction for depreciation.With replacement cost coverage, the insured is permitted to replace old with new at today's cost without a deduction for depreciation. Which of the following would be considered a "supplementary payment" coverage under a business auto policy? 1)All post-judgment interest in a suit defended by the insurer 2)Payment for an insured employee's truck being used by the employee on a business-related trip 3)Costs for a private investigator hired by an employee to prove he was not involved in a hit and run accident of which he has been accused 4)Up to $2,000 for the cost of bail bonds for an employee involved in an accident while he was on a trip to Mexico that he won for exceeding sales goals set by the company - ans1) All post-judgment interest in a suit defended by the insurer. Supplementary payments do not include physical damages, nor personal expenses of employees. The bail bonds would be covered except that Mexico is outside the coverage area. Which of the following professional liability policies would cover a dishonest, fraudulent or criminal act of the manager of a LLC? 1)Fiduciary Liability 2)Malpractice Liability 3)Errors and Omissions 4)None of the policies cover these acts - ans4) None of the policies cover these acts. When securing a recorded statement over the telephone, an adjuster must: 1 Identify him or herself. 2 Advise he or she would like to record the statement and request and receive permission to do so. 3 State the time and date. 4 All responses listed are correct. - ans4 All responses listed are correct. The adjuster must identify him or herself, state the date and time and get permission to record the statement. Uninsured Motorist coverage includes the named insured's: I. Medical bills and pain and suffering. II. Lost wages. - ansBoth I and II is correct. Coverage C (Uninsured Motorists) provides for payments to or on behalf of the named insured for injuries sustained through the negligence of an uninsured driver. Substitute services will provide: - ans$25 per day for one year.
and Answers (Elaborated & Verified)
Ccomprehensive and detailed compilation of the latest 2025
exam questions and answers for the New York State General
Adjuster license (Series 17-70). It includes scenario-based
multiple-choice questions with verified answers across a wide
range of insurance topics such as business auto policies, property
and casualty, workers' compensation, homeowners, commercial
lines, flood insurance, and liability coverages. The content is
aligned with current New York State regulatory standards and
serves as a thorough study resource for exam preparation.
Latest updated 2025/
Basic economic loss benefits will provide up to $25 per day for substitute services for a maximum of one year if the injured party is not gainfully employed. Which of the following is not a violation of the Unfair Trade Practices Act? 1 Not attempting in good faith to settle claims 2 Denying an uncovered claim 3 Failing to promptly settle claims under one portion of coverage in order to influence settlements under other portions of coverage 4 Not setting forth the coverage under which a claim payment is being made - ansDenying a claim that is not covered is not a violation. In case of a total loss in an automobile accident, the adjuster can do the insured which of the following? I. Pay cost to replace the vehicle with like kind and quality if the vehicle is a current year model. II. Use the most recent publication of an "Official Used Car Guide." III. If not listed in the "Guide," obtain quotations from local automobile dealers. - ansI, II and III depending on the circumstances All the responses listed can be options in settling a total loss claim. Personal umbrella liability policies usually cover liability as a result of: 1 Performing a professional service. 2 Serving as an officer or director of a nonprofit corporation or association. 3 For a work related activity 4 None of the activities are covered - ans2 Serving as an officer or director of a nonprofit corporation or association.. Coverage is included while serving as an officer or director of a nonprofit corporation or association. The Now Company carries a special BOP policy with a liability limit of $500,000. The company is involved in an accident causing $200,000 bodily injury damage and $200, property damage. The total amount collectible under the policy is: 1 $500, 2 $400, 3 $200, 4 $100,000 - ans2 $400, BOP policies provide a single limit of liability. Both bodily injury and property damage coverage is provided. Since the amounts for bodily injury and property damage combined do not exceed the 500,000 occurrence limit, the total amount of the claim would be covered.
and Answers (Elaborated & Verified)
Ccomprehensive and detailed compilation of the latest 2025
exam questions and answers for the New York State General
Adjuster license (Series 17-70). It includes scenario-based
multiple-choice questions with verified answers across a wide
range of insurance topics such as business auto policies, property
and casualty, workers' compensation, homeowners, commercial
lines, flood insurance, and liability coverages. The content is
aligned with current New York State regulatory standards and
serves as a thorough study resource for exam preparation.
Latest updated 2025/
In a property loss the insured is required to do all of the following, EXCEPT: - ansRepair the property within 20 days of notifying the insurer. The insured should not repair the property until agreed upon by the insurer. The prefix "neo" refers to: 1 Old. 2 New. 3 Flat. 4 After. - ans2 New "Neo" refers to something that is new. neo-: new or recent, or in a modern form: If a commercial building has been vacant for more than sixty days, which of the perils are affected as regards coverage? 1 Vandalism 2 Freezing 3 Fire 4 All of the perils are affected - ans4 All of the perils are affected All of the perils listed are affected as a result of the vacancy. Some of the coverage for certain perils is voided and fire losses are reduced by 15%. Automobile Medical Payments covers: 1 The insured as an occupant of a car, an occupant of the insured vehicle and the insured as a pedestrian when hit by a car. 2 The insured as an occupant of a car only. 3 An occupant of the insured vehicle only. 4 The insured as a pedestrian only. - ans1 The insured as an occupant of a car, an occupant of the insured vehicle and the insured as a pedestrian when hit by a car. It also covers any family member. In addition, any other person while occupying the insured's covered auto. The Federal Terrorism Act covers property and casualty losses that exceed ______in the aggregate. - ans$100,000, The Act covers losses from a certified terrorism act that exceed $100,000,000 (the trigger) in the aggregate. The Federal Terrorism Act was amended in 2007 to this limit. The Act has was further amended and extended 2015. The trigger remains the same, but will increase each year by $20 million starting in 2016. Please refer to your testing vendor outline to determine
and Answers (Elaborated & Verified)
Ccomprehensive and detailed compilation of the latest 2025
exam questions and answers for the New York State General
Adjuster license (Series 17-70). It includes scenario-based
multiple-choice questions with verified answers across a wide
range of insurance topics such as business auto policies, property
and casualty, workers' compensation, homeowners, commercial
lines, flood insurance, and liability coverages. The content is
aligned with current New York State regulatory standards and
serves as a thorough study resource for exam preparation.
Latest updated 2025/
if it is testing on the prevous amendment or if it is testing on the 2015 extension of the Act. The answer to this question is correct for either year. All the following are the insured's duties after a loss in regards to the physical damage coverage of the policy, EXCEPT: 1 Take reasonable steps after the loss to protect the property from further damage 2 Promptly notify the police if the vehicle is stolen 3 Allow the insurer to inspect and appraise the damaged property 4 Facilitate the repairs to the vehicle and submit the invoice to the insurer. - ans4 Facilitate the repairs to the vehicle and submit the invoice to the insurer.. The insured is not permitted to make repairs on the vehicle until after the vehicle has been inspected and/or appraised and an agreement as to the damages has been reached with the insurer. The insured carries a Businessowners Policy (BOP). If the premises become 69% or more vacant, what can the insurer do? The insurer can cancel the policy. The insurer can non-renew the policy. The insurer can restrict coverage. The insurer can reduce coverage. - ansThe insurer can cancel the policy.. The insurance company can cancel the policy if the risk is 69% or more vacant. How many years must a business be operational in New York before it can qualify as a self- insurer for workers compensation? 1 Three years. 2 Four years. 3 Five years. 4 Two years. - ansThree years A company must be in business for at least three years before it can make application with the state to become a qualified self-insurer. Which of the following would be covered under Coverage C of form HO-3? I. Property normally kept at the insured residence but in transit to a new principal residence II. Personal Property in Switzerland while the insured is on vacation - ansBoth I and II. Coverage C provides protection for personal property owned or used by the insured anywhere in the world - with some exceptions. One is personal property normally stored off the
and Answers (Elaborated & Verified)
Ccomprehensive and detailed compilation of the latest 2025
exam questions and answers for the New York State General
Adjuster license (Series 17-70). It includes scenario-based
multiple-choice questions with verified answers across a wide
range of insurance topics such as business auto policies, property
and casualty, workers' compensation, homeowners, commercial
lines, flood insurance, and liability coverages. The content is
aligned with current New York State regulatory standards and
serves as a thorough study resource for exam preparation.
Latest updated 2025/
New York has been struck with a catastrophe and adjusters are desperately needed. The Superintendent of Insurance can issue a temporary adjuster permit in an emergency situation such as this for _____ days. 1 30 2 60 3 90 4 120 - ans4 120 The Superintendent can issue a temporary emergency adjuster permit for a period of 120 days to assist in the adjustment of claims arising from a common catastrophe. No fee is involved and the person merely completes the necessary paper work. A New York licensee subject to an administrative action in another jurisdiction or governmental agency must report such action to the Superintendent within: 1 6 months. 2 10 days. 3 90 days. 4 30 days. - ans4 30 days The Superintendent must be notified within 30 days of the final disposition of the matter. Vision care insurance policies most often cover: 1 The cost of lenses and frames. 2 Replacement lenses and/or frames due to breakage. 3 Sunglasses and safety glasses. 4 Eye surgery. - ansThe cost of lenses and frames. Most vision policies cover corrective lenses and frames as well as contact lenses but do not cover replacement lenses, specialty lenses such as sunglasses or surgery. Vision does not cover eye surgeries that is under medical The Fit and Trim Fitness Center wants to reduce its carbon footprint. A covered loss destroys some treadmills, damages the roof and most of the interior walls. Fit and Trim finds replacement treadmills that generate and actually return energy to the power grid. The cost is 15% higher than standard equipment. Which of the following, if any, would pay the increase? 1 Ordinance and Law Coverage 2 Fungi, Wet and Dry Rot 3 Increased cost of loss and related expenses for "green" updates
and Answers (Elaborated & Verified)
Ccomprehensive and detailed compilation of the latest 2025
exam questions and answers for the New York State General
Adjuster license (Series 17-70). It includes scenario-based
multiple-choice questions with verified answers across a wide
range of insurance topics such as business auto policies, property
and casualty, workers' compensation, homeowners, commercial
lines, flood insurance, and liability coverages. The content is
aligned with current New York State regulatory standards and
serves as a thorough study resource for exam preparation.
Latest updated 2025/
4 Consequential Loss Coverage - ans3 Increased cost of loss and related expenses for "green" updates The increased cost of loss and related expenses for green updates will pay an extra 25% of the property loss for the increased cost to "go green" up to $100,000 maximum. The Superintendent of Insurance may issue a _____ temporary permit to an individual to adjust claims while an adjuster's application is pending. 6 - month 30 - day 1 - year 120 - day - ans120-day Anne has been diagnosed with a disease characterized by degenerative and sometimes hypertrophic changes in the bone and cartilage of the joints and a progressive wearing down of apposing joint surfaces. Anne has been diagnosed with: 1 Tachycardia 2 Atherosclerosis 3 Osteoarthritis 4 Diabetes - ans3 Osteoarthritis Osteoarthritis is a degenerative joint disease with deep aching paid that is aggravated by exercise. If an employer does not qualify to obtain workers compensation coverage by self insuring or purchasing coverage from a private insurer, where can coverage be obtained? 1 The State Insurance Fund (SIF) 2 Assigned risk plan 3 Employers Mutual Risk Pool 4 Surplus lines market - ans1 The State Insurance Fund (SIF) The State Insurance Fund (SIF) provides a market for those unable to obtain coverage in the standard workers compensation markets. Mr. Vickers lives close to a river that has, on occasion, flooded. On Friday morning he is watching the weather station and notes that there is a flood warning in his area. He calls his agent and asks the agent to bind flood coverage immediately. Which of the following is true? 1 The application for coverage requires a 30-day waiting period before coverage applies. 2 The agent can bind the coverage immediately. 3 There is a seven-day waiting period before the agent can bind coverage.
and Answers (Elaborated & Verified)
Ccomprehensive and detailed compilation of the latest 2025
exam questions and answers for the New York State General
Adjuster license (Series 17-70). It includes scenario-based
multiple-choice questions with verified answers across a wide
range of insurance topics such as business auto policies, property
and casualty, workers' compensation, homeowners, commercial
lines, flood insurance, and liability coverages. The content is
aligned with current New York State regulatory standards and
serves as a thorough study resource for exam preparation.
Latest updated 2025/
4 Must be made orally. - ans4 Must be in written form All contracts between the public adjuster and the insured must be in writing. Which of the following is NOT considered an "accident?" 1 Vandals spray grafitti over the siding on a home. 2 A pedestrian is killed when struck by a power crane excavating at a street construction site. 3 An employee is injured when his hand is caught in a power press. 4 A home is damaged by flying rocks from a dynamite blast. - ans1 Vandals spray grafitti over the siding on a home Damage by vandals is not considered an "accident" according to the policy definition. When is it allowed for a telemarketer to call to a person's home? 1 10:00 pm and 11:00 pm. 2 7:00 am and 7:45 am. 3 8:00 am and 9:00 pm. 4 7:00 am and 10:00 pm. - ans3 8:00 am and 9:00 pm Unless a telemarketer has a person's consent to do otherwise, it is a violation to make outbound telemarketing calls to a person's home outside the hours of 8:00 am and 9:00 pm. No long-term care (LTC) policy may define preexisting conditions more restrictively than a condition for which medical advice or treatment was recommended by, or received from a provider of health services within _____ months before the effective date of coverage. 1 12 2 5 3 6 4 24 - ans3 6 This is a part of the NAIC Model Bill adopted by all states Pre-existing Condition Limitation. A long-term care insurance policy may not define a pre- existing condition more restrictively than a condition for which medical advice was given or treatment was recommended by, or received from, a physician within six months before the
and Answers (Elaborated & Verified)
Ccomprehensive and detailed compilation of the latest 2025
exam questions and answers for the New York State General
Adjuster license (Series 17-70). It includes scenario-based
multiple-choice questions with verified answers across a wide
range of insurance topics such as business auto policies, property
and casualty, workers' compensation, homeowners, commercial
lines, flood insurance, and liability coverages. The content is
aligned with current New York State regulatory standards and
serves as a thorough study resource for exam preparation.
Latest updated 2025/
effective date of coverage. Many companies will sell a policy to someone with a pre-existing condition; however, treatment for that condition will not be covered for the first six months after the effective date of coverage. For example, if treatment for a pre-existing condition begins within the first six months of coverage, the company may deny the claim during the six-month period after the effective date but then must begin to cover that expense at the end of the pre-existing period. Some companies have shorter pre-existing periods and others have none. How many days does the liberalization clause provide for under the BOP prior to or during the policy? 1 55 days 2 30 days 3 45 days 4 35 days - ans45 days is correct The policy reads, "If we adopt any revision that would broaden the coverage under this policy without additional premium within forty-five days prior to or during the policy period, the broadened coverage will immediately apply to this policy." James purchases an outboard motor boat. He will have automatic coverage for the boat under his homeowner policy under which of the following circumstances? I. He reports the purchase of the boat to his insurer within 60 days. II. The boat is in storage on his premises. III. He reports the purchase of the boat to his insurer within 45 days. - ansII and III only The homeowner policy will cover a newly acquired boat as long as the insured reports it to the insurer within 45 days of the purchase or if it is in storage on his premises. However, be aware of the limitations on the hull value, horsepower limitations and size and use of the watercraft. A watercraft or yacht policy may be a better choice. Coverage F under the farm forms covers which of the following? - ansUnscheduled personal property Coverage F covers unscheduled personal property on a blanket basis. One limit for all business personal property is stated. The items are not scheduled as they are under Coverage E. Diane is fined by the Superintendent for a violation of the insurance law of New York. The fine is not paid within 20 days. What action may the Superintendent take? 1 Put Diane in prison
and Answers (Elaborated & Verified)
Ccomprehensive and detailed compilation of the latest 2025
exam questions and answers for the New York State General
Adjuster license (Series 17-70). It includes scenario-based
multiple-choice questions with verified answers across a wide
range of insurance topics such as business auto policies, property
and casualty, workers' compensation, homeowners, commercial
lines, flood insurance, and liability coverages. The content is
aligned with current New York State regulatory standards and
serves as a thorough study resource for exam preparation.
Latest updated 2025/
4 State and local ordinances - ans2 The association agreement and bylaws The coverage provided by the form will be based on the condominium association agreement and by laws. A farmer has unintentionally libeled a neighboring farmer by stating that the neighbor's dairy products are inferior to his. This is an example of: 1 Advertising/personal injury. 2 Bodily injury. 3 Contractual liability. 4 Vicarious liability. - ans1 Advertising/personal injury This is an example of personal/advertising injury. No bodily injury or property damage occurred Under the discovery clause in the loss sustained policy, which of the following is covered? 1 A loss discovered up to one year after the policy expired but that occurred during the policy period 2 A loss that is discovered two years after the policy has expired 3 A loss that occurred prior to the inception date of the policy 4 A loss that occurred during the policy period but was not discovered until five years after the expiration date - ans1 A loss discovered up to one year after the policy expired but that occurred during the policy period. The discovery clause in the loss sustained form states that losses that occur during the policy period, but are not discovered for up to one year after the policy has expired, can be covered under the expired policy. The discovery clause in the discovery form provides coverage during the policy period or within 60 days after the policy expires for coverage to apply. An unendorsed Homeowner Policy provides no coverage for liability arising out of business related exposures, other than for permitted incidental occupancies. The ______Endorsement provides liability coverage for a business conducted away from or on the residence premises. 1 Home Day Care 2 Home Business Pursuits 3 Personal Injury 4 Permitted Incidental Occupancies - ans2 Home Business Pursuits The "business pursuits" endorsement should be added to the homeowner policy to cover "on or off premises" liability exposures as permitted by the insurance carrier. All of the following would be considered "bodily injury" under liability coverage, EXCEPT:
and Answers (Elaborated & Verified)
Ccomprehensive and detailed compilation of the latest 2025
exam questions and answers for the New York State General
Adjuster license (Series 17-70). It includes scenario-based
multiple-choice questions with verified answers across a wide
range of insurance topics such as business auto policies, property
and casualty, workers' compensation, homeowners, commercial
lines, flood insurance, and liability coverages. The content is
aligned with current New York State regulatory standards and
serves as a thorough study resource for exam preparation.
Latest updated 2025/
1 A dog owned by a customer is injured in the parking lot of the a store. 2 A caterer's customer is hospitalized with food poisoning. 3 A shopper trips over an exposed cable at a mall. 4 A clerk demonstrating a barbell drops it on a customer's foot. - ans1 A dog owned by a customer is injured in the parking lot of the a store Which of the following statement is true of the jewelers block coverage form? 1 The form insures a package of property and liability coverage. 2 Coverage may be written for the stock for retail jewelers or the jewelry stock of department and discount stores. 3 Coverage may be written for pawnbrokers dealing in jewelry. 4 Customers' property is not covered under the form. - ans2 Coverage may be written for the stock for retail jewelers or the jewelry stock of department and discount stores.. This form is used for retail jewelers or the jewelry of department and discount stores. The commercial property forms as well as the BOP contain a theft limitation for jewelry and therefore create the need for the jewelers block policy. Inland marine insurance designed to provide coverage for loss of or damage to jewelry that is the stock of jewelry retailers, wholesalers, manufacturers, and pawnbrokers. Insurers conducting business in New York must be examined at least once every: 1 6 months. 2 3 years. 3 4 years. 4 5 years. - ans4 5 years Each insurer conducting business in New York must be examined in detail at least once every five years. Any company under investigation is responsible for all expenses involved in the examination. Under the physical examination and autopsy provision of an accident and health contract, the insurance company may request all of the following after a claim is filed, EXCEPT: 1 A re-rating of the insured due to examination findings. 2 An autopsy in the event of death. 3 An examination of the insured. 4 An examination of any insured family member covered under the contract. - ans1 A re- rating of the insured due to examination findings This is a part of the optional health insurance provisions that are designed to protect the insurer against anti-selection and malingering.
and Answers (Elaborated & Verified)
Ccomprehensive and detailed compilation of the latest 2025
exam questions and answers for the New York State General
Adjuster license (Series 17-70). It includes scenario-based
multiple-choice questions with verified answers across a wide
range of insurance topics such as business auto policies, property
and casualty, workers' compensation, homeowners, commercial
lines, flood insurance, and liability coverages. The content is
aligned with current New York State regulatory standards and
serves as a thorough study resource for exam preparation.
Latest updated 2025/
The claims made form of the CGL is designed to cover losses that are reported during the policy period. In order to limit the insurer's exposure to events that happened prior to the inception of the current policy, a ________is used to excldue coverage for anything that occurred prior to that point. 1 Pre-existing condition clause 2 Retro active date 3 Prior acts exclusion clause 4 None of the choices are correct - ans2 Retro active date A retro active date is negotiated at the inception of the policy and would deny coverage for anything that occurred prior to that date even if the incident was reported during the current policy period. The DP-2 broadens which of the following extended coverage (EC) perils? 1 Explosion, Smoke and Vehicles 2 Explosion and Smoke Only 3 Smoke and Vehicles Only 4 Vehicles Only - ans1 Explosion, Smoke and Vehicles. When the extended coverage (EC) endorsement is attached to the DP-1 form, explosion, smoke and vehicular damages are included. The DP-2 form broadens these perils. A valid contract must contain all of the following, EXCEPT: 1 Be a written instrument. 2 Competent parties. 3 Legal purpose. 4 Valuable consideration. - ans1 Be a written instrument. Contracts do not have to be written or documented to be valid and enforceable; oral contracts are perfectly acceptable if they are between competent parties, have a legal purpose, represent an offer and acceptance, and some valuable consideration. The time period of coverage which is stated on the declarations is known as: 1 The policy territory. 2 The time limit of coverage. 3 The limits of liability. 4 The policy period. - ans4 The policy period The policy period is stated on the declarations page representing the time limit coverage is in force as long as the premium is paid
and Answers (Elaborated & Verified)
Ccomprehensive and detailed compilation of the latest 2025
exam questions and answers for the New York State General
Adjuster license (Series 17-70). It includes scenario-based
multiple-choice questions with verified answers across a wide
range of insurance topics such as business auto policies, property
and casualty, workers' compensation, homeowners, commercial
lines, flood insurance, and liability coverages. The content is
aligned with current New York State regulatory standards and
serves as a thorough study resource for exam preparation.
Latest updated 2025/
Which of the following events, arising out of the use of a covered auto, is covered under the Personal Auto Policy? 1 Damage to a private garage rented by the insured. 2 Intentional acts of an insured. 3 Damage to insured's property in the vehicle. 4 Damage to property of others in the vehicle. - ans1 Damage to a private garage rented by the insured PAP liability coverage excludes property damage to property owned or being transported by that insured, or to property rented to, used by, or in the care of that insured. The exclusion does not apply, however, to property damage to a residence or private garage. Intentional acts are always excluded. When a homeowners policy has been in effect for 60 days in New York, an insurer can cancel at anytime for any of the following reasons, EXCEPT: 1 A large loss has occurred. 2 Acts that increase the risk. 3 Physical changes in the insured property that make it uninsurable. 4 Non payment of premium. - ans1 A large loss has occurred The homeowners policy was purchased to indemnify against the occurrence of a large loss, therefore, this would not represent a reason for policy cancellation. What is the purpose of an adjuster's interim report? 1 Reports on the ongoing status of the claim 2 Renders a final opinion on the claim 3 Provides the status on all releases 4 Contains final estimates of damages claimed - ans1 Reports on the ongoing status of the claim. An insurance broker is a person who represents: 1 An insured or prospective insured. 2 An insurance company. 3 More than one insurance company. 4 Both the insured and the insurer. - ans1 An insured or prospective insured The broker represents an insured or prospective insured. Coverage under the livestock coverage form may be written on either a blanket or scheduled basis. When coverage is blanketed, a limit of liability is indicated for each applicable livestock class such as cattle, sheep, swine, goats, horses, mules or donkeys. A per animal
and Answers (Elaborated & Verified)
Ccomprehensive and detailed compilation of the latest 2025
exam questions and answers for the New York State General
Adjuster license (Series 17-70). It includes scenario-based
multiple-choice questions with verified answers across a wide
range of insurance topics such as business auto policies, property
and casualty, workers' compensation, homeowners, commercial
lines, flood insurance, and liability coverages. The content is
aligned with current New York State regulatory standards and
serves as a thorough study resource for exam preparation.
Latest updated 2025/
The garagekeepers direct coverage endorsement pays for damages to a customer's vehicle regardless of legal liability. The deductible under a homeowner policy does not apply to which of the following? 1 Liability coverage 2 Theft coverage 3 Glass coverage 4 Vandalism coverage - ans1 Liability coverage Liability coverage as well as medical payments coverage are not subject to a deductible. How are workers compensation benefits determined for an injured employee in New York? 1 Federal guidelines. 2 National council on Compensation Insurance. 3 National Association of Insurance Commissioners. 4 State statutes. - ans4 State statutes. The state enacts statutes for the benefits payable under workers compensation benefits. A blanket employee dishonesty bond will: - ansDoes not name the individuals. Which of the following losses does not fall within the garage policy coverage territory? 1 Physical damage to a covered auto that occurs in Toronto, Canada. 2 Bodily injury resulting form a product of the named insured bought in Texas. The injury occurred while the product was being used in Mexico and suit was filed against the named insured in Texas. 3 Bodily injury to a pedestrian struck by a covered auto. The accident occurred in Mexico. 4 Physical damage to a covered auto being transported by ship from Florida to the U.S. Virgin Islands. - ans3 Bodily injury to a pedestrian struck by a covered auto. The accident occurred in Mexico. The accident with the pedestrian would not be covered since it occurred outside the policy's coverage territory. The territory is the United States, its territories, Canada, and Puerto Rico. Mexico is not in the covered territory. A person who violates a cease and desist order issued by the Superintendent of Insurance is subject to a penalty of up to _____ for each violation. - ans$5, This person is subject to a penalty of up to $5,000 for each violation. A willful violation must be taken into consideration in determining the amount of the penalty. What is the name of the computer component that controls, monitors, and is the most powerful computer on most cars?
and Answers (Elaborated & Verified)
Ccomprehensive and detailed compilation of the latest 2025
exam questions and answers for the New York State General
Adjuster license (Series 17-70). It includes scenario-based
multiple-choice questions with verified answers across a wide
range of insurance topics such as business auto policies, property
and casualty, workers' compensation, homeowners, commercial
lines, flood insurance, and liability coverages. The content is
aligned with current New York State regulatory standards and
serves as a thorough study resource for exam preparation.
Latest updated 2025/
1 The engine microprocessor (EM) 2 The engine control unit (ECU) 3 The catalytic converter processor (CCP) 4 The digital-to-analog converters (DAC) - ans2 The engine control unit (ECU) Controlling the engine is the most processor-intensive job on your car, and the engine control unit (ECU) is the most powerful computer on most cars. The ECU uses closed-loop control, a control scheme that monitors outputs of a system to control the inputs to a system, managing the emissions and fuel economy of the engine (as well as a host of other parameters). Gathering data from dozens of different sensors, the ECU knows everything from the coolant temperature to the amount of oxygen in the exhaust. With this data, it performs millions of calculations each second, including looking up values in tables, calculating the results of long equations to decide on the best spark timing and determining how long the fuel injector is open. The ECU does all of this to ensure the lowest emissions and best mileage. What kind of health insurance policy would be issued to indemnify the owner when a critical employee of a business becomes disabled due to injury or illness? 1 Key man disability. 2 Limited accident. 3 Occupational health. 4 Workers compensation. - ans1 Key man disability. Key man (or key person) disability insurance indemnifies a business against the additional expenses incurred when an important employee is not able to work. Which of the following coverages are available in the ISO Equipment Breakdown protection 1 Expediting Expenses 2 Business Income and Extra Expense or Extra Expense Only 3 Spoilage Damage 4 All of the responses are correctcoverage form? - ans4 All of the responses are correctcoverage form? All of the responses are correct. There are ten coverages available under the form. They include: property damage, expediting expenses, business income and extra expense or extra expense only, spoilage damage, utility interruption, newly acquired premises, ordinance or law coverage, errors and omissions coverage, brands and labels and contingent business income and extra expenses or extra expense only. In a liability situation, "proximate cause" includes what important feature? - ansAn unbroken chain of events
