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| Section | Weight | Objectives |
|---|---|---|
| New York Unfair Claim Settlement and Prohibited Practices | - New York claim settlement laws and regulations - Unfair claim settlement practices - New York cybersecurity regulation - Insurance fraud and false statements - Consumer privacy requirements - Terrorism Risk Insurance Act | |
| Commercial Package Policy | 38% | - Monoline versus package policies - Common policy declarations - Components of a commercial policy - First named insured - Common policy conditions |
| Insurance Regulation | - Temporary adjuster permits - Bond requirements - License maintenance and duration - Fingerprinting - License renewal - Qualifications - Licensing requirements - Licensing process | |
| Commercial Property | - Businessowners Policy - Commercial property coverage - Commercial property forms and endorsements - Commercial General Liability - Commercial Package Policy | |
| Insurance Principles and Concepts | - Physical hazards - Insurance contracts - Representations and misrepresentations - Warranties - Insurance principles and concepts - Waiver and estoppel - Morale hazards - Moral hazards - Hazards - Fraud - Concealment - Insurable interest | |
| Claims Adjustment Procedures | - Advance payments - Claims adjustment procedures - Arbitration - Execution of releases - Subrogation procedures - Mediation - Draft authority - Competitive estimates - Non-waiver agreements - Releases - Appraisal - Reservation of rights letters - Alternative dispute resolution - Coverage problems - Negotiation - Settlement procedures | |
| Dwelling and Homeowners Insurance | - Standard Fire Policy - Personal umbrella policies - New York specific endorsements - Homeowners property coverage - Dwelling policies - Personal liability supplement - Homeowners liability coverage | |
| Other Property and Liability Coverages | - Surety and fidelity bonds - Flood insurance - Aviation insurance - Workers compensation - Inland marine - Personal automobile - Ocean marine - Excess liability - Crime insurance - Commercial automobile |
>> NY-Independent-General-Adjuster퍼펙트 공부자료 <<
IT업계에 종사하고 계신 분은Insurance Licensing NY-Independent-General-Adjuster 시험을 패스하여 자격증을 취득하려고 검색하다 저희 블로그를 보게 되시고 저희 사이트까지 방문하게 될것입니다. 방문하는 순간 Insurance Licensing NY-Independent-General-Adjuster시험에 대한 두려움이 사라질것입니다. 완벽한 구매후 서비스까지 겸비하고 있어 자격증을 취득하는데서의 믿음직스러운 동반자로 되어드릴게요.
질문 # 14
Under which of the following coverage forms would a barn be covered on a Farm Policy?
정답：B
설명：
The correct answer is D. Under the ISO Farm Property program, barns, outbuildings, and similar agricultural structures are insured under Coverage G - Other Farm Structures, also identified in modern forms as Coverage G - Barns, Outbuildings and Other Farm Structures. The coverage applies to qualifying farm buildings and structures when the necessary limit of insurance is shown in the declarations. Coverage G expressly encompasses structures such as barns, silos, portable farm buildings, and other qualifying outbuildings.
The other choices correspond to different property classifications. Coverage B, Other Private Structures, concerns eligible private structures associated principally with residential rather than farming use. Coverage E, Scheduled Farm Personal Property, applies to specifically described farm personal property such as designated machinery, livestock, or equipment. Coverage F, Unscheduled Farm Personal Property, provides blanket-style protection for eligible farm personal property rather than buildings.
The official Series 17-70 content outline directly distinguishes these categories: Coverage A-Dwellings, Coverage B-Other Private Structures, Coverage C-Household Personal Property, Coverage D-Loss of Use, Coverage E-Scheduled Farm Personal Property, Coverage F-Unscheduled Farm Personal Property, and Coverage G-Other Farm Structures.
A barn is a structure, not personal property. Therefore, Coverage G / Other Farm Structures is the required selection.
질문 # 15
In a subrogation process, the role of the adjuster is to
정답：B
설명：
The correct answer is C. Subrogation permits an insurer that has paid a covered loss to step into the insured's rights, to the extent permitted by law and the policy, and pursue the third party legally responsible for causing that loss.
The New York Court of Appeals defines subrogation as the principle by which an insurer, after paying its insured's loss, is placed in the insured's position so that the insurer can recover from the legally responsible third party. The doctrine both prevents double recovery and ultimately places the financial burden on the responsible party.
An adjuster's role includes recognizing subrogation potential, identifying responsible parties, preserving evidence, documenting liability, calculating the insurer's recoverable payment, and referring or pursuing the recovery according to carrier procedures. Thus, determining the amount that may properly be recovered from the third party is directly relevant.
Option B reverses the relationship: the adjuster is not determining damages for the tortfeasor. Option D is nonsensical in the subrogation context because the responsible third party does not owe insurance premium to the insurer. Option A is inconsistent with the need to establish the third party's legal responsibility.
The Series 17-70 outline expressly includes subrogation as a common policy provision and subrogation procedures within claims adjustment.
Therefore, C is correct.
질문 # 16
Which of the following are included in the basic coverage of Financial Institution Bonds?
정답：B
설명：
The correct answer is A - Counterfeit Currency. Financial Institution Bond Standard Form No. 24 is designed for commercial banks and similar financial institutions and incorporates a series of fundamental crime-related insuring agreements. Standard coverage includes fidelity, loss on premises, property in transit, forgery or alteration, securities exposures, and counterfeit currency protection. The counterfeit-currency insuring agreement covers qualifying direct loss resulting from the institution's good-faith receipt of counterfeit money.
The Series 17-70 outline specifically requires knowledge of Financial Institution Bonds, including Forms 14,
15, 23, 24, and 25 and their major insuring agreements.
Computer systems fraud can be insured through specialized crime/computer-fraud coverage or riders but is not the basic Standard Form No. 24 coverage intended by this question. Audit and claims expense is also generally an additional or specialized expense protection rather than one of the fundamental basic insuring agreements. Debit or credit card losses are subject to specialized provisions, exclusions, and optional coverages rather than constituting the basic answer.
The distinction is important: a financial institution bond is a package of fidelity/crime protections, but not every modern electronic-financial exposure is automatically within its basic form.
Therefore, A - Counterfeit Currency is correct.
질문 # 17
Under an equipment breakdown coverage form, a breakdown would include
정답：A
설명：
The correct answer is C - Explosion of a pressure vessel. Equipment Breakdown insurance evolved from traditional boiler and machinery coverage and protects against specified accidental failures involving mechanical, electrical, and pressure equipment. Boilers and pressure vessels remain central examples of covered equipment.
Travelers identifies boilers and pressure vessels among equipment insured by equipment-breakdown coverage and explains that such coverage can protect against losses associated with explosions, mechanical failures, and electrical arcing. IRMI likewise describes boiler or pressure-vessel explosion as a traditional equipment- breakdown exposure.
The other choices describe conditions that ordinarily do not independently satisfy the definition of a covered breakdown. Wear and tear represents gradual deterioration rather than a sudden accidental equipment event.
Leakage at valves or fittings is commonly specifically distinguished from breakdown. The functioning or failure characteristics of protective or safety devices also require analysis under the precise form and generally do not constitute the intended qualifying breakdown in this question.
Equipment Breakdown insurance is especially important because standard commercial property forms may exclude or restrict losses caused by mechanical breakdown, electrical disturbance, or certain pressure- equipment events.
Series 17-70 reference topics: Other Coverages - Equipment Breakdown, Property Exposures, Causes of Loss, Exclusions, and Specialized Commercial Coverages.
질문 # 18
What percentage of loss of wages is covered under Personal Injury Protection (PIP)?
정답：D
설명：
The correct answer is C - 80%. New York's mandatory No-Fault system, formally established under the Comprehensive Motor Vehicle Insurance Reparations Act, provides Personal Injury Protection benefits for qualifying basic economic loss resulting from a motor vehicle accident.
New York Department of Financial Services guidance states specifically that Basic No-Fault coverage pays
80% of lost earnings from work, subject to a maximum payment of $2,000 per month for up to three years from the date of the accident. Applicable statutory offsets may reduce the amount payable, including qualifying Workers Compensation, New York disability, or federal Social Security disability benefits.
PIP also includes reasonable and necessary accident-related medical and rehabilitation expenses, specified other necessary expenses, and a death benefit, all subject to the statutory structure and the basic No-Fault limit.
The Series 17-70 official outline directly identifies the Comprehensive Motor Vehicle Insurance Reparations Act (PIP), medical expenses, rehabilitation, loss of earnings, funeral expenses, substitution services, OBEL, and additional PIP as examination content.
Option D is incorrect because No-Fault does not replace 100% of wages. Options A and B understate the statutory percentage.
Accordingly, the New York PIP wage-loss percentage tested by this question is 80%, making C correct.
질문 # 19
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경쟁율이 심한 IT시대에Insurance Licensing NY-Independent-General-Adjuster인증시험을 패스함으로 IT업계 관련 직종에 종사하고자 하는 분들에게는 아주 큰 가산점이 될수 있고 자신만의 위치를 보장할수 있으며 더욱이는 한층 업된 삶을 누릴수 있을수도 있습니다. Insurance Licensing NY-Independent-General-Adjuster시험을 가장 쉽게 합격하는 방법이 Pass4Test의Insurance Licensing NY-Independent-General-Adjuster 덤프를 마스터한느것입니다.
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