TestSimulate Insurance Licensing NY-Independent-General-Adjuster practice exam support team cooperates with users to tie up any issues with the correct equipment. If NewYorkIndependent General Adjuster (Series 17-70) (NY-Independent-General-Adjuster) certification exam material changes, TestSimulate also issues updates free of charge for three months following the purchase of our NewYorkIndependent General Adjuster (Series 17-70) (NY-Independent-General-Adjuster) exam questions.
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Other Property and Liability Coverages | - Surety and fidelity bonds - Ocean marine - Aviation insurance - Commercial automobile - Flood insurance - Inland marine - Excess liability - Crime insurance - Personal automobile - Workers compensation | |
| Topic 2: Insurance Principles and Concepts | - Physical hazards - Insurance principles and concepts - Representations and misrepresentations - Fraud - Insurable interest - Concealment - Hazards - Morale hazards - Insurance contracts - Warranties - Moral hazards - Waiver and estoppel | |
| Topic 3: Insurance Regulation | - Licensing process - License maintenance and duration - Fingerprinting - Qualifications - Bond requirements - Licensing requirements - Temporary adjuster permits - License renewal | |
| Topic 4: Commercial Property | - Businessowners Policy - Commercial property coverage - Commercial General Liability - Commercial Package Policy - Commercial property forms and endorsements | |
| Topic 5: Claims Adjustment Procedures | - Execution of releases - Coverage problems - Subrogation procedures - Competitive estimates - Advance payments - Arbitration - Draft authority - Non-waiver agreements - Reservation of rights letters - Releases - Negotiation - Alternative dispute resolution - Claims adjustment procedures - Settlement procedures - Mediation - Appraisal | |
| Topic 6: New York Unfair Claim Settlement and Prohibited Practices | - New York cybersecurity regulation - Unfair claim settlement practices - Insurance fraud and false statements - Consumer privacy requirements - New York claim settlement laws and regulations - Terrorism Risk Insurance Act | |
| Topic 7: Dwelling and Homeowners Insurance | - New York specific endorsements - Homeowners liability coverage - Personal umbrella policies - Homeowners property coverage - Dwelling policies - Personal liability supplement - Standard Fire Policy | |
| Topic 8: Commercial Package Policy | 38% | - Common policy conditions - Components of a commercial policy - Monoline versus package policies - First named insured - Common policy declarations |
>> Test NY-Independent-General-Adjuster Duration <<
TestSimulate is the best catalyst to help IT personage be successful. Many people who have passed some IT related certification exams used our TestSimulate's training tool. Our TestSimulate expert team use their experience for many people participating in Insurance Licensing certification NY-Independent-General-Adjuster exam to develope the latest effective training tools, which includes Insurance Licensing NY-Independent-General-Adjuster Certification simulation test, the current exam and answers. Our TestSimulate's test questions and answers have 95% similarity with the real exam. With TestSimulate's training tool your Insurance Licensing certification NY-Independent-General-Adjuster exams can be easy passed.
NEW QUESTION # 18
A deli customer died from food poisoning because the chicken salad was not prepared correctly. Which type of loss is this an example of?
Answer: B
Explanation:
The correct answer is A - Bodily injury. Commercial General Liability terminology defines "bodily injury" broadly to include bodily injury, sickness, or disease sustained by a person, including death resulting from any of these. Food poisoning from improperly prepared chicken salad constitutes sickness or disease affecting a person's body; because the customer dies as a result, the resulting death remains within the bodily-injury definition.
This scenario may also implicate the products-completed operations hazard, because the allegedly defective or contaminated food caused injury after being provided to the customer. Nevertheless, the question asks for the type of loss, not which CGL hazard classification applies. The loss is therefore bodily injury.
Property damage refers to physical injury to tangible property or qualifying loss of use and does not describe injury or death to a human being. "Health injury" is not the standardized CGL category used for this coverage.
Personal and advertising injury concerns specifically defined offenses such as false arrest, malicious prosecution, wrongful eviction, certain privacy violations, and specified publication-related offenses-not physical illness from contaminated food.
The Series 17-70 outline expressly covers CGL bodily injury and property damage liability, premises and operations, and products-completed operations.
NEW QUESTION # 19
What type of insurance covers goods in transit over water?
Answer: A
Explanation:
The correct answer is A - Cargo. Marine Cargo Insurance protects goods or merchandise against covered physical loss or damage while those goods are being transported. Although historically associated primarily with ocean voyages, contemporary cargo policies can cover transit by sea, air, road, rail, or combinations of these methods.
Major marine insurers describe cargo coverage specifically as insurance for goods in transit, including movements by sea. Thus, when the exposure is physical loss of merchandise being transported over water, cargo insurance is the correct form.
"Freight," option C, ordinarily refers to transportation charges or, in marine terminology, the financial interest associated with earning freight charges. It does not identify the insurance protecting the goods themselves.
Protection and Indemnity, option D, is principally maritime liability insurance for vessel owners and operators, addressing exposures such as third-party bodily injury, property damage, crew liability, collision liabilities, and related maritime obligations. "Piracy" is a peril or specialized exposure rather than the general policy classification requested.
An independent adjuster must distinguish hull, cargo, freight, and protection-and-indemnity interests because each represents a different insurable interest within ocean marine insurance.
Therefore, goods transported over water are insured under Cargo Insurance, making A correct.
NEW QUESTION # 20
The self-insured portion of an insurance claim is called a
Answer: D
Explanation:
The correct answer is D. A deductible is the portion of an otherwise covered loss that the insured agrees to retain before the insurer becomes responsible for the remaining covered amount. In practical risk-management terms, it represents a form of self-insurance or risk retention because the policyholder absorbs losses up to the deductible amount.
New York Department of Financial Services describes a deductible as the amount the insured agrees to be responsible for when a covered loss occurs. DFS also explains that a higher deductible generally means the insured retains a larger portion of the risk and may receive a lower premium in return.
For example, if covered property damage equals $10,000 and the applicable deductible is $1,000, the insured ordinarily bears $1,000 and the insurer pays $9,000, assuming no other policy limitation applies.
Coinsurance is different; it is an insurance-to-value or cost-sharing mechanism and is not simply the initial dollar amount retained by the insured. "Principal" describes a party or monetary concept in other contractual contexts, while "liability" means legal responsibility.
The Series 17-70 curriculum includes deductibles, loss valuation, policy conditions, and claim settlement concepts.
Therefore, D is correct.
NEW QUESTION # 21
What is the policy limit for personal liability supplement under Coverage L of a dwelling policy?
Answer: A
Explanation:
The correct examination answer is B - $100,000. A standard Dwelling Policy primarily provides property insurance; personal liability protection is added through the Personal Liability Supplement. Under that supplement, Coverage L - Personal Liability responds when an insured becomes legally liable for bodily injury or property damage caused by a covered occurrence. Coverage M separately provides Medical Payments to Others. The Series 17-70 outline expressly identifies the Personal Liability Supplement as a tested Dwelling Policy endorsement.
The traditional standard limit associated with Coverage L in licensing material is $100,000 per occurrence.
Policy analyses of the ISO dwelling liability supplement also illustrate Coverage L using a $100,000 limit.
A technical distinction is important for claims practice: the actual contractual limit is ultimately the amount shown in the policy declarations or Personal Liability Schedule. Therefore, higher limits may be purchased when offered by the insurer. The question is testing the standard/default licensing-exam limit rather than asserting that every dwelling liability supplement is permanently restricted to $100,000.
Coverage L also generally includes the insurer's defense obligation in addition to covered damages, subject to the policy's exclusions and conditions.
Therefore, the required answer is B.
NEW QUESTION # 22
Under a Commercial Package Policy (CPP), the first named insured possesses all of the following responsibilities EXCEPT
Answer: D
Explanation:
The correct answer is C - submitting surveys of the insured business to the insurer. The CPP Common Policy Conditions grant the first named insured several special rights and responsibilities. The first named insured may cancel the policy by providing the required written notice, is the party to whom applicable premium refunds are sent, and is authorized to make policy changes with the insurer's consent. Therefore, requesting an adjustment to policy limits falls within the first named insured's authority to seek policy changes.
The Inspections and Surveys condition operates differently. It gives the insurer the right, but generally not the obligation, to make inspections and surveys, provide reports concerning conditions found, and recommend changes. The policy does not impose a standard responsibility on the first named insured to prepare and submit surveys of the business. Standard common-policy wording expressly assigns the inspection-and-survey right to the insurer.
The first named insured also has important premium-related functions. Standard CPP wording provides for return premiums to be sent to the first named insured and recognizes the first named insured's cancellation authority.
The Series 17-70 outline specifically tests CPP components, Common Policy Declarations, Common Policy Conditions, and the First Named Insured.
NEW QUESTION # 23
......
The questions and answers of our NY-Independent-General-Adjuster study tool have simplified the important information and seized the focus and are updated frequently by experts to follow the popular trend in the industry. Because of these wonderful merits the client can pass the exam successfully with high probability. It is easy for you to pass the exam because you only need 20-30 hours to learn and prepare for the exam. You may worry there is little time for you to learn the NY-Independent-General-Adjuster Study Tool and prepare the exam because you have spent your main time and energy on your most important thing such as the job and the learning and can’t spare too much time to learn.
NY-Independent-General-Adjuster Valid Test Pass4sure: https://www.testsimulate.com/NY-Independent-General-Adjuster-study-materials.html