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Insurance Licensing NY-Independent-General-Adjuster Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Commercial Property | - Businessowners Policy - Commercial Package Policy - Commercial property forms and endorsements - Commercial property coverage - Commercial General Liability | |
| Commercial Package Policy | 38% | - Common policy declarations - Common policy conditions - Monoline versus package policies - Components of a commercial policy - First named insured |
| New York Unfair Claim Settlement and Prohibited Practices | - Terrorism Risk Insurance Act - New York claim settlement laws and regulations - Consumer privacy requirements - Unfair claim settlement practices - New York cybersecurity regulation - Insurance fraud and false statements | |
| Claims Adjustment Procedures | - Appraisal - Mediation - Alternative dispute resolution - Non-waiver agreements - Draft authority - Reservation of rights letters - Negotiation - Settlement procedures - Competitive estimates - Releases - Coverage problems - Subrogation procedures - Execution of releases - Arbitration - Claims adjustment procedures - Advance payments | |
| Insurance Principles and Concepts | - Fraud - Concealment - Moral hazards - Morale hazards - Physical hazards - Representations and misrepresentations - Insurance principles and concepts - Warranties - Waiver and estoppel - Hazards - Insurance contracts - Insurable interest | |
| Dwelling and Homeowners Insurance | - Standard Fire Policy - Homeowners liability coverage - Personal umbrella policies - Homeowners property coverage - Personal liability supplement - New York specific endorsements - Dwelling policies | |
| Insurance Regulation | - Temporary adjuster permits - License renewal - Licensing process - Fingerprinting - Bond requirements - Qualifications - License maintenance and duration - Licensing requirements | |
| Other Property and Liability Coverages | - Commercial automobile - Personal automobile - Flood insurance - Surety and fidelity bonds - Workers compensation - Excess liability - Inland marine - Ocean marine - Crime insurance - Aviation insurance |
Insurance Licensing NewYorkIndependent General Adjuster (Series 17-70) Sample Questions:
A policy that limits coverage to specific causes of loss is called
- A. named perils.
- B. all risk.
- C. replacement.
- D. exclusions.
Correct Answer: A 🗳️
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Which part of the garage coverage form provides liability coverage for automobiles in the care, custody, and control of the insured?
- A. Physical Damage Coverage.
- B. Garagekeepers Coverage.
- C. Specified Coverage.
- D. Liability Coverage.
Correct Answer: B 🗳️
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Under an HO-3 Policy, Coverage F - Medical Payments to Others applies to all of the following EXCEPT
- A. a family friend who is injured while playing volleyball in an insured's backyard.
- B. a mail carrier who is bitten by an insured's dog.
- C. a meter reader who trips on an insured's skateboard.
- D. an insured's nanny who is accidentally injured while doing personal shopping.
Correct Answer: D 🗳️
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In a subrogation process, the role of the adjuster is to
- A. determine the amount of premium to be collected by the insurer from the third party.
- B. not show just cause against the third party who caused the loss to the extent that their liability is clear.
- C. determine the amount of sums to be collected by the insurer from the third party.
- D. determine general damages for the third party.
Correct Answer: C 🗳️
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A type of insurance that protects an individual who fails to meet the standards of skill and care generally accepted for her occupation is
- A. fiduciary liability.
- B. professional liability.
- C. personal liability.
- D. workers' compensation.
Correct Answer: B 🗳️
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