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Insurance Licensing NY-Independent-General-Adjuster Exam Syllabus Topics:

SectionWeightObjectives
Medical Reports and Terminology4%- Injuries, Diseases and Medical Tests
  • 1. Common Injuries and Diseases
    • 2. Diagnostic Tests
      - Medical Terminology
      • 1. Prefixes, Suffixes and Abbreviations
        • 2. Medical Specialties
          - Basic Human Anatomy
          • 1. Skeletal, Nervous and Respiratory Systems
            • 2. Cardiovascular and Abdominal Systems
              Dwelling Policy6%- Exclusions, Conditions and Endorsements
              • 1. General Exclusions and Conditions
                • 2. New York and Selected Endorsements
                  - Coverage Forms and Perils
                  • 1. Covered Perils
                    • 2. Basic, Broad and Special Forms
                      - Property Coverages
                      • 1. Personal Property and Loss of Use
                        • 2. Dwelling and Other Structures
                          Accident and Health Insurance Basics6%- Types of Coverage
                          • 1. Disability, Medical and Long-Term Care
                            • 2. Accidental Injury and Sickness
                              - Accident and Health Claims
                              • 1. Investigation and Payment of Claims
                                • 2. Notice and Proof of Loss
                                  - Limited Policies
                                  • 1. Hospital, Dental and Vision Coverage
                                    • 2. Accident-Only and Specified Disease
                                      Adjusting Losses11%- Claim Investigation
                                      • 1. Evidence and Witness Statements
                                        • 2. Claim Reporting and Documentation
                                          - Claim Settlement
                                          • 1. Subrogation, Appraisal and Arbitration
                                            • 2. Negotiation and Releases
                                              - Property and Liability Losses
                                              • 1. Estimates, Depreciation and Salvage
                                                • 2. Coverage Verification and Loss Evaluation
                                                  - Role of the Adjuster
                                                  • 1. Independent, Staff and Public Adjusters
                                                    • 2. Duties and Responsibilities
                                                      Personal Inland Marine13%- Personal Articles Floater
                                                      • 1. Scheduled Personal Property
                                                        - Personal Property Floater
                                                        • 1. Coverage and Eligible Property
                                                          - Personal Effects Floater
                                                          • 1. Coverage and Loss Settlement
                                                            Commercial Package Policy38%- Commercial Inland Marine
                                                            • 1. Accounts Receivable and Valuable Papers
                                                              • 2. Contractors Equipment and Installation Floaters
                                                                • 3. Marine Definition and Conditions
                                                                  • 4. Jewelers Block, Signs and Electronic Data Processing
                                                                    - Transportation Coverages
                                                                    • 1. Motor Truck Cargo
                                                                      • 2. Transit Coverage
                                                                        • 3. Common Carrier Legal Liability
                                                                          - Commercial Policy Components
                                                                          • 1. Common Policy Conditions
                                                                            • 2. Common Policy Declarations
                                                                              Homeowners Policy10%- Property Coverages
                                                                              • 1. Loss of Use and Additional Coverages
                                                                                • 2. Dwelling, Other Structures and Personal Property
                                                                                  - Liability Coverages
                                                                                  • 1. Medical Payments to Others
                                                                                    • 2. Personal Liability
                                                                                      - Selected Endorsements
                                                                                      • 1. Earthquake, Identity Fraud and Home Business
                                                                                        • 2. New York Special Provisions
                                                                                          - Coverage Forms
                                                                                          • 1. HO-8
                                                                                            • 2. HO-2 through HO-6
                                                                                              - Perils, Exclusions and Conditions
                                                                                              • 1. Perils Insured Against
                                                                                                • 2. Exclusions and Conditions
                                                                                                  Insurance Basics6%- Insurance Principles
                                                                                                  • 1. Hazards, Negligence and Liability
                                                                                                    • 2. Insurable Interest and Indemnity
                                                                                                      • 3. Causes and Valuation of Loss
                                                                                                        - Insurance Contracts
                                                                                                        • 1. Elements and Characteristics
                                                                                                          • 2. Representations, Warranties and Concealment
                                                                                                            - Policy Structure
                                                                                                            • 1. Declarations, Conditions and Exclusions
                                                                                                              • 2. Subrogation, Salvage and Loss Settlement
                                                                                                                • 3. Limits, Deductibles and Other Insurance
                                                                                                                  Insurance Regulation6%- Licensing Requirements
                                                                                                                  • 1. Bond and Fingerprinting
                                                                                                                    • 2. Qualifications and Application
                                                                                                                      - Disciplinary Actions
                                                                                                                      • 1. Penalties and Cease and Desist Orders
                                                                                                                        • 2. Suspension and Revocation
                                                                                                                          - Claim Settlement Regulations
                                                                                                                          • 1. Consumer Privacy
                                                                                                                            • 2. Unfair Claim Practices
                                                                                                                              - License Maintenance
                                                                                                                              • 1. Renewal and Changes
                                                                                                                                • 2. Assumed Names and Reporting

                                                                                                                                  Insurance Licensing NewYorkIndependent General Adjuster (Series 17-70) Sample Questions:

                                                                                                                                  What is NOT an element of verifying coverage?

                                                                                                                                  • A. Confirmation of the named insured.
                                                                                                                                  • B. Date of loss within the policy period.
                                                                                                                                  • C. Confirmation of insured property.
                                                                                                                                  • D. The value of the claim.
                                                                                                                                  Reveal Solution  Discussion  0

                                                                                                                                  Correct Answer: D  🗳️

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                                                                                                                                  What percentage of loss of wages is covered under Personal Injury Protection (PIP)?

                                                                                                                                  • A. 80%
                                                                                                                                  • B. 100%
                                                                                                                                  • C. 40%
                                                                                                                                  • D. 60%
                                                                                                                                  Reveal Solution  Discussion  0

                                                                                                                                  Correct Answer: A  🗳️

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                                                                                                                                  Which of the following provides high-quality magnetic images of body areas without the use of ionizing radiation?

                                                                                                                                  • A. CAT scanning.
                                                                                                                                  • B. MRI.
                                                                                                                                  • C. Ultrasound.
                                                                                                                                  • D. X-Rays.
                                                                                                                                  Reveal Solution  Discussion  0

                                                                                                                                  Correct Answer: B  🗳️

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                                                                                                                                  An insurance policy written on a replacement cost basis differs from a policy written on an actual cash value basis by the

                                                                                                                                  • A. deductible to be applied to a loss.
                                                                                                                                  • B. method of determining a loss payment.
                                                                                                                                  • C. method of determining the premium.
                                                                                                                                  • D. original purchase price.
                                                                                                                                  Reveal Solution  Discussion  0

                                                                                                                                  Correct Answer: B  🗳️

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                                                                                                                                  Which of the following endorsements ensures that your contents are NOT valued on an actual cash value basis?

                                                                                                                                  • A. Increased cost of construction.
                                                                                                                                  • B. Personal property replacement cost.
                                                                                                                                  • C. Inflation guard.
                                                                                                                                  • D. Other insurance.
                                                                                                                                  Reveal Solution  Discussion  0

                                                                                                                                  Correct Answer: B  🗳️

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