NY GENERAL ADJUSTER TEST 10-70

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NY GENERAL ADJUSTER TEST (10-70)

Actual Qs and Ans Expert-Verified Explanation

This Exam contains:

-Guarantee passing score -100 Questions and Answers -format set of multiple-choice -Expert-Verified Explanation Question 1: Uninsured motorist's coverage applies when:

Answer:

Some other party does not have a liability coverage and is liable for injury to an insured.Question 2: Act of terrorism & covered under Terrorism Risk Act of 2002, act must be committed by?

Answer:

Individual(s) acting on behalf of any foreign person or interest in an effort to coerce the civilian pop. of USA Question 3: Named non-owner coverage, provides insurance for:

Answer:

Someone who does not own an automobile, but who drives borrowed or rented autos.

Question 4: The insuring agreement

Answer:

What part of the policy contains the promises made by the insurance company to the insured?

• conditions clause
• definitions
• exceptions to exclusions
• insuring agreement

Question 5: 60 days

Answer:

Under the BOP, how long can a building be vacant and still be fully covered?

Question 6: $50,000

Answer:

The limit for med expenses and rehab expense under NY no-fault plan is:

Question 7: Miscellaneous type vehicles

Answer:

The 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?

Question 8: Insignificant limitation of use of a body function or system

Answer:

Under the NY no fault coverage the insured can sue for their injuries for all of the following except?

Question 9: Advertising/personal injury

Answer:

A farmer has accidentally libeled a neighboring farmer by stating that the neighbor's dairy products are

inferior to his. This is an example of:

Question 10: A non owner occupied one family dwelling

Answer:

Which of the following is not eligible for a homeowner policy?

Question 11: $250

Answer:

Under new 2000 HO forms, how much will be paid under claims expense for loss of earnings to assist the insurer in the investigation or defense of a claim?

Question 12: A motorcycle

Answer:

Which is not eligible for insurance under personal auto policy?

• farm pickup, wt 4k lbs
• station wagon
• Motorcycle

• Jeep

Question 13: Per person, per accident

Answer:

In commercial auto insurance, med payments limits apply:

Question 14: Appraising betterment of a vehicle

Answer:

Which of the following is an appraiser prohibited from performing?

Question 15: Deny the claim since water is excluded property

Answer:

An insured awakes and finds that a water line from his water meter to his home has busted. Water has been running all night. The insured carries an HO-2 homeowner form. If he receives a bill for the lost water, what will insurer do?

Question 16: One year

Answer:

Under the discovery condition loss sustained form, how long are losses covered after the bond has expired?

Question 17: Pickup truck used in any business

Answer:

Which of the following is not considered a covered auto?

Question 18: 48 hours

Answer:

Under the physical damage portion of a personal auto policy, if the insured's car is stolen, transportation

expenses will be provided after waiting period of:

Question 19: 25/50/10 with 50/100 for death

Answer:

What are the Financial Responsibility limits in the State of NY?

Question 20: Liability Insurance-"Occurrence" means:

Answer:

An accident; continuous or repeated exposure to the same conditions

Question 21: For each separate accident

Answer:

The limit of liability for business auto coverage may be paid:

Question 22: Credit Union

Answer:

Which of the following cannot be covered under a BOP?

• credit union
• office buildings
• apartment buildings
• small gift shop

Question 23: The court

Answer:

Who makes a declaratory judgment as to the merits of a claim?

• claims adj
• insurer attorney
• court
• claimants attorney

Question 24: False

Answer:

T/F Concerning the business auto coverage: Med pay coverage is automatically provided

Question 25: Dentist

Answer:

Which of the following would not be a prospect for errors and omissions insurance?

• dentist
• insurance agents
• real estate agents
• lawyers