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| Section | Weight | Objectives |
|---|---|---|
| Commercial Property | - Commercial Package Policy - Commercial General Liability - Commercial property coverage - Commercial property forms and endorsements - Businessowners Policy | |
| New York Unfair Claim Settlement and Prohibited Practices | - Insurance fraud and false statements - New York claim settlement laws and regulations - Unfair claim settlement practices - Terrorism Risk Insurance Act - Consumer privacy requirements - New York cybersecurity regulation | |
| Commercial Package Policy | 38% | - Common policy declarations - Monoline versus package policies - Common policy conditions - Components of a commercial policy - First named insured |
| Dwelling and Homeowners Insurance | - Dwelling policies - New York specific endorsements - Homeowners liability coverage - Personal umbrella policies - Standard Fire Policy - Homeowners property coverage - Personal liability supplement | |
| Insurance Principles and Concepts | - Fraud - Insurance contracts - Insurable interest - Concealment - Warranties - Physical hazards - Morale hazards - Waiver and estoppel - Insurance principles and concepts - Representations and misrepresentations - Hazards - Moral hazards | |
| Other Property and Liability Coverages | - Excess liability - Surety and fidelity bonds - Crime insurance - Aviation insurance - Workers compensation - Personal automobile - Commercial automobile - Flood insurance - Inland marine - Ocean marine | |
| Claims Adjustment Procedures | - Draft authority - Subrogation procedures - Advance payments - Mediation - Releases - Non-waiver agreements - Negotiation - Competitive estimates - Arbitration - Alternative dispute resolution - Execution of releases - Claims adjustment procedures - Appraisal - Coverage problems - Settlement procedures - Reservation of rights letters | |
| Insurance Regulation | - Licensing requirements - Licensing process - Qualifications - Temporary adjuster permits - Fingerprinting - Bond requirements - License maintenance and duration - License renewal |
>> NY-Independent-General-Adjuster Latest Braindumps Ppt <<
To get prepared for the NewYorkIndependent General Adjuster (Series 17-70) certification exam, applicants face a lot of trouble if the study material is not updated. They are using outdated materials resulting in failure and loss of money and time. So to solve all these problems, DumpStillValid offers actual NY-Independent-General-Adjuster Questions to help candidates overcome all the obstacles and difficulties they face during NY-Independent-General-Adjuster examination preparation.
NEW QUESTION # 92
The policy benefits are found in what part of an insurance policy?
Answer: D
Explanation:
The correct answer is A - Declarations. The declarations page provides policy-specific information identifying the coverages and benefits selected by the insured, together with applicable limits, deductibles, policy dates, insured information, covered property, vehicles, or locations as appropriate. New York DFS describes the declarations page as a summary of the insured's coverage and requires covered benefits and limits to be accurately reflected there.
The technical distinction is important: the Insuring Agreement contains the insurer's operative contractual promise to pay or perform when the coverage requirements are satisfied. However, because "Insuring Agreement" is not among the answer choices, the declarations page is the correct response to where the policy's selected benefits and coverage amounts are identified.
Option B, Conditions, establishes contractual requirements governing performance of the policy. Option C, the insured's duties, concerns obligations such as providing notice, protecting damaged property, submitting documentation, and cooperating with investigation. Option D, Exclusions, removes or restricts coverage that would otherwise fall within the coverage grant.
An adjuster should never read the declarations page in isolation; it must be interpreted together with the coverage form, definitions, exclusions, conditions, and endorsements.
Series 17-70 reference topics: Insurance Basics - Declarations, Policy Benefits, Coverage Limits, Conditions, Exclusions, and Policy Structure.
NEW QUESTION # 93
Under a Homeowners policy, which of the following is an insured location?
Answer: A
NEW QUESTION # 94
All of the following would be covered by Other than Collision (Comprehensive) coverage EXCEPT
Answer: A
Explanation:
The correct answer is B - auto body damage caused by a roll-over. In automobile physical damage insurance, Other Than Collision, commonly called Comprehensive coverage, protects against specified noncollision causes of physical loss. New York DFS specifically identifies theft, fire, flood, windstorm, glass breakage, vandalism, animal impact, and falling or flying objects as examples of comprehensive losses.
Accordingly, an electrical fire causing interior damage falls within the fire exposure contemplated by Comprehensive coverage. Flood damage to the vehicle is also a Comprehensive exposure, and hailstorm damage falls within windstorm/hail-type noncollision loss.
A roll-over or overturn, however, is classified as a collision loss. Collision coverage traditionally includes physical damage resulting from the covered automobile's impact with another vehicle or object and from upset or overturn. Thus, an automobile that rolls over during operation would require Collision coverage rather than Other Than Collision coverage.
This distinction is important because both coverages are optional physical-damage protections in most circumstances and may carry different deductibles. The adjuster must determine the actual mechanism of damage before selecting the applicable coverage.
The Series 17-70 Auto Insurance curriculum specifically tests Collision versus Other Than Collision physical damage coverage, exclusions, limits, and loss settlement.
Therefore, B is the exception.
NEW QUESTION # 95
The Commercial Inland Marine Conditions Form, when attached to the Commercial Inland Marine Coverage Section, provides which of the following?
Answer: A
Explanation:
The correct answer is A - the insured party's duties in the event of a loss. The Commercial Inland Marine Conditions Form (CM 00 01) supplies common conditions applicable to qualifying Commercial Inland Marine coverage forms. One of its central provisions is Duties in the Event of Loss.
Those duties include notifying law enforcement when a law may have been broken, giving the insurer prompt notice of the loss, describing the property involved, explaining how, when, and where the loss occurred, protecting property from further damage, preserving damaged property for examination when feasible, providing requested inventories and records, submitting to examination under oath when required, and cooperating with the insurer.
Option B is incorrect because the conditions form does not itself create a generic transportation-and- communication coverage grant. Specific inland marine coverage forms insure particular property classes or transportation exposures. Option C is too broad; coverage depends on the individual inland marine form and applicable exclusions. Option D is not the principal function of CM 00 01.
The official Series 17-70 outline explicitly includes CM 00 01 - Commercial Inland Marine Conditions within its Commercial Package Policy material.
Therefore, A is correct.
NEW QUESTION # 96
An insurance contract is a contract of utmost good faith because the insurer relies on the truthfulness of the applicant and the insured relies on the insurer's promise to
Answer: D
Explanation:
The correct answer is C - pay the claims. Insurance contracts traditionally incorporate the doctrine of utmost good faith, sometimes expressed by the Latin term uberrimae fidei. The insurance transaction depends heavily on truthful and complete disclosure because the applicant possesses material information concerning the risk, while the insured depends upon the insurer to perform its contractual obligations when an insured loss occurs.
The Series 17-70 official outline expressly identifies utmost good faith, representations, misrepresentations, warranties, concealment, fraud, waiver, and estoppel as legal concepts affecting insurance contracts.
The applicant's obligation is therefore to make truthful representations concerning matters material to underwriting and coverage. Correspondingly, after a covered loss and satisfaction of applicable policy conditions, the insurer must honor its contractual promise to indemnify or otherwise provide the benefits specified by the policy.
Option A is incomplete because simply issuing a policy does not capture the insurer's principal performance obligation after coverage attaches. Filing regulatory reports is a statutory or administrative responsibility and is not the reciprocal contractual promise on which the insured relies. Charging a fair premium is also not the defining reciprocal duty in the doctrine being tested.
Accordingly, the insured relies on the insurer's promise to pay valid covered claims according to the contract, making C correct.
NEW QUESTION # 97
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