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| Section | Weight | Objectives |
|---|---|---|
| Insurance Principles and Concepts | - Morale hazards - Insurance contracts - Moral hazards - Concealment - Warranties - Hazards - Insurance principles and concepts - Physical hazards - Insurable interest - Waiver and estoppel - Fraud - Representations and misrepresentations | |
| Commercial Property | - Commercial General Liability - Businessowners Policy - Commercial Package Policy - Commercial property coverage - Commercial property forms and endorsements | |
| Dwelling and Homeowners Insurance | - Homeowners liability coverage - Dwelling policies - New York specific endorsements - Homeowners property coverage - Standard Fire Policy - Personal umbrella policies - Personal liability supplement | |
| Other Property and Liability Coverages | - Flood insurance - Surety and fidelity bonds - Aviation insurance - Inland marine - Commercial automobile - Crime insurance - Excess liability - Personal automobile - Workers compensation - Ocean marine | |
| New York Unfair Claim Settlement and Prohibited Practices | - Unfair claim settlement practices - Consumer privacy requirements - Insurance fraud and false statements - New York claim settlement laws and regulations - Terrorism Risk Insurance Act - New York cybersecurity regulation | |
| Commercial Package Policy | 38% | - Common policy conditions - Components of a commercial policy - Monoline versus package policies - Common policy declarations - First named insured |
| Insurance Regulation | - Temporary adjuster permits - Licensing requirements - Fingerprinting - License maintenance and duration - Qualifications - Licensing process - Bond requirements - License renewal | |
| Claims Adjustment Procedures | - Competitive estimates - Execution of releases - Alternative dispute resolution - Mediation - Subrogation procedures - Coverage problems - Arbitration - Non-waiver agreements - Claims adjustment procedures - Reservation of rights letters - Settlement procedures - Advance payments - Appraisal - Releases - Draft authority - Negotiation |
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The Insurance Licensing NY-Independent-General-Adjuster certification exam is an industrial-recognized NewYorkIndependent General Adjuster (Series 17-70) (NY-Independent-General-Adjuster) certificate that is designed to validate candidates' skills, experience, and knowledge quickly. The NewYorkIndependent General Adjuster (Series 17-70) (NY-Independent-General-Adjuster) certification exam has been inspiring Insurance Licensing professionals since its beginning. Now this NY-Independent-General-Adjuster certification exam has become solid proof of certain skills set and knowledge.
NEW QUESTION # 58
Broad theft coverage may ONLY be endorsed on a Dwelling Policy if the
Answer: A
Explanation:
The correct answer is C - the insured is the owner-occupant. The Broad Theft Coverage endorsement is designed to add theft protection to a Dwelling Policy for an eligible residence occupied by the named insured.
Broad theft coverage is distinguished from limited theft coverage primarily by its eligibility and its ability to provide both on-premises and qualifying off-premises theft coverage.
For a dwelling, condominium, or cooperative unit, broad theft coverage requires the residence to be owner occupied. Where the dwelling is non-owner occupied, a limited theft form is generally the appropriate theft endorsement.
Option A is therefore insufficient because being a landlord does not make the insured eligible for the broad theft endorsement when tenants occupy the insured dwelling. Vacancy, option B, is not an eligibility requirement and may instead trigger important restrictions in theft coverage. Option D also fails because ownership of personal property by a landlord does not substitute for the occupancy requirement.
New York's official Series 17-70 outline expressly identifies the Broad Theft Endorsement (DP 04 83) as a tested Dwelling Policy endorsement. New York DFS's prelicensing topic locator likewise identifies DP 04 83 as required dwelling-policy subject matter.
Therefore, owner-occupancy makes C correct.
NEW QUESTION # 59
On a bail bond, a defendant is also known as
Answer: C
Explanation:
The correct answer is C - principal. A surety arrangement involves distinct parties. The principal is the person whose obligation or performance is being guaranteed. In a bail bond transaction, the criminal defendant is the principal because the bond guarantees the defendant's compliance with the conditions of release, particularly appearance before the court when required.
The surety is the party guaranteeing the obligation and potentially becoming liable under the bond when its terms are breached. The obligee is the party in whose favor the obligation runs-typically the court or governmental authority in a bail context. An indemnitor is a person who agrees to reimburse the surety for losses arising from issuance of the bond. "Indemnity" itself refers to the reimbursement obligation or agreement, not the defendant's party designation.
The New York PSI licensing outline identifies the parties to a surety bond as principal, indemnitor for principal, obligee, and surety. It also specifically uses the phrase "Surrender of principal (defendant)," directly confirming that the defendant is the principal in bail-bond terminology.
Understanding these roles is essential because each party has distinct contractual rights, duties, and financial responsibilities.
Therefore, the defendant on a bail bond is the principal, making C correct.
NEW QUESTION # 60
Which of the following would be considered an unforeseen act which causes bodily harm?
Answer: A
Explanation:
The correct answer is C - Accidental injury. An accidental injury results from an unintended or unforeseen event producing bodily harm. This characteristic distinguishes an accident from deliberate conduct or an intentionally produced injury. New York's accident-insurance framework treats accident coverage as insurance for death, dismemberment, disability, medical care, or similar loss caused by an accident or specified types of accidents. DFS also requires accident-only policies to make clear that benefits relate to a covered accident, rather than sickness generally.
Options B and D involve intentional self-harm and therefore do not satisfy the ordinary accidental-event concept stated in the question. A suicide attempt is intentionally undertaken even though the eventual degree of injury may not have been intended. A deliberate self-inflicted injury is expressly intentional by definition.
Alcohol abuse is also not itself an unforeseen accidental act producing bodily injury. Although an accident might occur while a person is intoxicated, the abuse itself is not synonymous with an accidental injury and coverage would depend on the actual policy wording and circumstances.
For examination purposes, the defining characteristics are unexpectedness, lack of intent, and resulting bodily harm.
Series 17-70 reference topics: Other Coverages - Accident and Health Concepts, Accidental Injury, Accident-Only Coverage, and Exclusions for Intentional Injury.
NEW QUESTION # 61
Which of the following benefits are NOT paid under workers' compensation laws?
Answer: A
Explanation:
The correct answer is C - Pain and suffering. Workers compensation is a statutory no-fault system designed to provide defined benefits for employees who suffer qualifying occupational injuries or illnesses. New York Workers' Compensation Board guidance identifies benefits including medical care, lost-wage benefits, disability-related awards, survivor benefits, and vocational rehabilitation services.
Workers compensation does not function like a negligence tort action. An injured employee generally does not receive damages for noneconomic elements such as pain, suffering, emotional distress, inconvenience, or loss of enjoyment of life merely because those consequences accompany the occupational injury. Statutory benefits replace the ordinary tort remedy against the employer for covered injuries, subject to limited exceptions under New York law.
Option A is therefore incorrect because vocational rehabilitation services are available to assist qualifying injured workers in returning to employment. Option D is incorrect because cash benefits for disability or lost earning capacity are fundamental workers compensation benefits. Independent medical examinations can also be required within the administration of workers compensation claims; they are not equivalent to tort damages for pain and suffering.
The Series 17-70 outline specifically tests New York Workers Compensation Law, exclusive remedy, covered injuries, benefits provided, disability, medical benefits, and claim procedures.
NEW QUESTION # 62
Under a Crop-Hail insurance policy, which of the following is true?
Answer: C
Explanation:
The correct answer is C - it covers only damage to the insured crop. Crop-Hail insurance is a specialized form of property insurance written on specifically identified growing crops. Standard crop-hail terminology defines an insured crop as a crop described in the Schedule of Insurance for which a specific amount of insurance and premium has been established. Loss adjustment therefore focuses on direct damage to the scheduled crop resulting from insured causes of loss.
Option D is incorrect because Crop-Hail is not automatically an all-weather policy. Hail is the fundamental peril, and policies commonly include or permit additional named perils such as fire or lightning. Wind protection frequently requires a separate endorsement, and frost is not universally included. Current agricultural insurance products specifically describe wind as an additional endorsement to underlying Crop- Hail coverage.
Option A is too broad because coverage does not necessarily attach simply when seed is placed in the ground; the effective date, crop condition, and applicable policy provisions govern attachment. Option B is not a universal defining rule of Crop-Hail coverage.
Crop-Hail should also be distinguished from federally supported Multiple Peril Crop Insurance, which addresses a much broader range of production risks.
Therefore, C is correct.
NEW QUESTION # 63
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