Free NewYorkIndependent General Adjuster (Series 17-70) Practice Questions

A.  

Delaying the settlement of claims submitted in which liability has become clear.

B.  

Replacing a policy when it is in the best interest of the insured.

C.  

Adopting and implementing standards to settle claims in a timely manner.

D.  

Disclosing the settlement terms and provisions of the contract of insurance.

A.  

The claims representative and the insured discuss details of the loss valuation to agree on the amount the insurer will pay to settle the loss.

B.  

The claims representative prepares a historical loss run for the insured at the time of final payment.

C.  

The claims representative submits the final claim payment report to the state insurance department.

D.  

The claims representative adjusts the initial reserves.

A.  

Report the vehicle collision to the local police.

B.  

Ensure premiums are paid up to date.

C.  

Refrain from legal action without the insurer's approval.

D.  

Permit the insurer to inspect the vehicle before it is repaired.

A.  

Inflation guard.

B.  

Other insurance.

C.  

Increased cost of construction.

D.  

Personal property replacement cost.

A.  

all fallen trees on the insured property.

B.  

any fallen tree resulting from a natural disaster.

C.  

fallen trees that cause up to $1,000 in property damage.

D.  

trees that damage a covered building from a covered peril.

A.  

coinsurance.

B.  

principal.

C.  

liability.

D.  

deductible.

A.  

A and P.

B.  

Stat.

C.  

Rx.

D.  

DNR.

A.  

$50,000

B.  

$100,000

C.  

$150,000

D.  

$200,000

A.  

group health policies.

B.  

family health policies.

C.  

personal health policies.

D.  

limited health insurance policies.

A.  

professional liability.

B.  

workers' compensation.

C.  

fiduciary liability.

D.  

personal liability.