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Flashcards in TB - NY Indepentant General Adj Sample Test Deck (40)
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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

All of the above

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

Flood coverage can now be included to cover contents

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

Provides open peril coverage on the buildings and contents

4

The deductible under the commercial property form is:


$500

$1000

$250

$750

$500

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

Is no longer insured under a separate coverage form

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

The collapse must involve an abrupt falling down or caving in

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

Equipment breakdown protection coverage form

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

6 years

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

An auto insurance adjuster

10

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


21

22

18

20

18

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

25/50/10 and 50/100 wrongful death

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

Is a required coverage

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

25/50

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

The insured and those passengers in the insured vehicle

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

New York Reparations Act

16

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


$1000

$1500

$500

$2000

$1000

17

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


$1000

$2000

$3000

$5000

$5000

18

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


30

60

90

120

120

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

$500

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

Unfair trade practices

21

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

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

15 days

23

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


Insurer

Agent of record

Public

All of the above

Insurer

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

All of the above

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

2 years

26

Which of the following is considered a soft tissue injury?


Contusion

Strain

Sprain

All of the above

All of the above

27

An electrocardiograph records the electrical activity of the:


Brain

Heart

Stomach

None of the above

Heart

28

Carpel Tunnel Syndrome is an example of a:


Brain Injury

Soft tissue injury

Repetitive motion injury

Dislocation

Repetitive motion injury

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 %

66 2/3 %

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

All of the above