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NY INDEPENDENT GENERAL ADJUSTER EXAM
NEWEST 2025 ACTUAL EXAM COMPLETE 400
QUESTIONS AND CORRECT DETAILED
ANSWERS (VERIFIED ANSWERS) |ALREADY
GRADED A+||BRAND NEW!!
Question 1: Which of the following is an obligation of the
insured involving a covered property insurance loss?
CORRECT ANSWER : Protect the property from further loss
Question 2: A New York adjuster commits an act of insurance
fraud addressed by the Federal Insurance Fraud Act. The fraud does not affect the financial stability of the company. What is the maximum time the adjuster may be confined to prison?
CORRECT ANSWER: 10 years.
Question 3: If the New York Superintendent levies five civil
penalties against a licensed person within five years, an additional civil penalty of up to _____ may be levied against the licensed person.
CORRECT ANSWER : $50,000.
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Question 4: Jerry Jones has suffered a property loss to his home.
The adjuster, Anthony, has stated that the loss is covered when it actually is not. Jerry is relying on the statement made by Anthony. Therefore, the insurer may be _____ from denying the claim.
CORRECT ANSWER: Estopped
Question 5: According to the definitions section of the
homeowner policy, "one family dwelling, other structures or
grounds" also means the:
CORRECT ANSWER : Residence premises.
Question 6: Which of the following are additional coverages
under a Businessowners policy with the named peril form attached? I. Debris removal, II. Pollutant cleanup and removal, III. Exterior glass, IV. Collapse,
CORRECT ANSWER : I, II, and III only.
Question 7: If an adjuster takes a statement from a claimant,
witness or insured who requests a copy of the report, what is required of the adjuster?
CORRECT ANSWER : Provide a free copy
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Question 8: An "independent adjuster" may also be known as all
of the following, EXCEPT:
CORRECT ANSWER : A public adjuster
Question 9: How are household personal property claims settled
under the farm policy?
CORRECT ANSWER : Actual cash value
Question 10: After proof of loss has been received, a New York
insurance company has how many days to pay the claim?
CORRECT ANSWER : 30
Question 11: Which of the following perils is included in the
basic dwelling policy but not in the Standard Fire Policy?
CORRECT ANSWER : Explosion
Question 12: Under the special dwelling policy (DP-3), which of
the following would be covered?
CORRECT ANSWER : Theft of outside lighting attached to the
building
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Question 13: The penalty for failure to satisfy a coinsurance
requirement of a property insurance policy is:
CORRECT ANSWER : Only a portion of a partial loss will be
paid
Question 14: Under an unendorsed commercial building and
personal property form, loss valuation is based on:
CORRECT ANSWER : Actual cash value
Question 15: The Terrorism Risk Insurance Act and all of its
extensions and reauthorizations is actually an agreement
between:
CORRECT ANSWER: Between the Federal Government and
the insurance companies
Question 16: Which of the following would not be eligible for
coverage under a livestock floater?
