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

SectionWeightObjectives
Topic 1: Insurance Regulation6%- Licensing Requirements
  • 1. Qualifications and Application
    • 2. Bond and Fingerprinting
      - Disciplinary Actions
      • 1. Penalties and Cease and Desist Orders
        • 2. Suspension and Revocation
          - License Maintenance
          • 1. Renewal and Changes
            • 2. Assumed Names and Reporting
              - Claim Settlement Regulations
              • 1. Unfair Claim Practices
                • 2. Consumer Privacy
                  Topic 2: Insurance Basics6%- Insurance Contracts
                  • 1. Elements and Characteristics
                    • 2. Representations, Warranties and Concealment
                      - Insurance Principles
                      • 1. Causes and Valuation of Loss
                        • 2. Hazards, Negligence and Liability
                          • 3. Insurable Interest and Indemnity
                            - Policy Structure
                            • 1. Subrogation, Salvage and Loss Settlement
                              • 2. Limits, Deductibles and Other Insurance
                                • 3. Declarations, Conditions and Exclusions
                                  Topic 3: Dwelling Policy6%- Exclusions, Conditions and Endorsements
                                  • 1. General Exclusions and Conditions
                                    • 2. New York and Selected Endorsements
                                      - Property Coverages
                                      • 1. Personal Property and Loss of Use
                                        • 2. Dwelling and Other Structures
                                          - Coverage Forms and Perils
                                          • 1. Covered Perils
                                            • 2. Basic, Broad and Special Forms
                                              Topic 4: Medical Reports and Terminology4%- Injuries, Diseases and Medical Tests
                                              • 1. Diagnostic Tests
                                                • 2. Common Injuries and Diseases
                                                  - Medical Terminology
                                                  • 1. Medical Specialties
                                                    • 2. Prefixes, Suffixes and Abbreviations
                                                      - Basic Human Anatomy
                                                      • 1. Skeletal, Nervous and Respiratory Systems
                                                        • 2. Cardiovascular and Abdominal Systems
                                                          Topic 5: Commercial Package Policy38%- Transportation Coverages
                                                          • 1. Common Carrier Legal Liability
                                                            • 2. Motor Truck Cargo
                                                              • 3. Transit Coverage
                                                                - Commercial Policy Components
                                                                • 1. Common Policy Conditions
                                                                  • 2. Common Policy Declarations
                                                                    - Commercial Inland Marine
                                                                    • 1. Contractors Equipment and Installation Floaters
                                                                      • 2. Accounts Receivable and Valuable Papers
                                                                        • 3. Jewelers Block, Signs and Electronic Data Processing
                                                                          • 4. Marine Definition and Conditions
                                                                            Topic 6: Homeowners Policy10%- Liability Coverages
                                                                            • 1. Medical Payments to Others
                                                                              • 2. Personal Liability
                                                                                - Property Coverages
                                                                                • 1. Dwelling, Other Structures and Personal Property
                                                                                  • 2. Loss of Use and Additional Coverages
                                                                                    - Perils, Exclusions and Conditions
                                                                                    • 1. Perils Insured Against
                                                                                      • 2. Exclusions and Conditions
                                                                                        - Coverage Forms
                                                                                        • 1. HO-2 through HO-6
                                                                                          • 2. HO-8
                                                                                            - Selected Endorsements
                                                                                            • 1. Earthquake, Identity Fraud and Home Business
                                                                                              • 2. New York Special Provisions
                                                                                                Topic 7: Adjusting Losses11%- Claim Investigation
                                                                                                • 1. Claim Reporting and Documentation
                                                                                                  • 2. Evidence and Witness Statements
                                                                                                    - Claim Settlement
                                                                                                    • 1. Negotiation and Releases
                                                                                                      • 2. Subrogation, Appraisal and Arbitration
                                                                                                        - Role of the Adjuster
                                                                                                        • 1. Independent, Staff and Public Adjusters
                                                                                                          • 2. Duties and Responsibilities
                                                                                                            - Property and Liability Losses
                                                                                                            • 1. Estimates, Depreciation and Salvage
                                                                                                              • 2. Coverage Verification and Loss Evaluation
                                                                                                                Topic 8: Personal Inland Marine13%- Personal Articles Floater
                                                                                                                • 1. Scheduled Personal Property
                                                                                                                  - Personal Effects Floater
                                                                                                                  • 1. Coverage and Loss Settlement
                                                                                                                    - Personal Property Floater
                                                                                                                    • 1. Coverage and Eligible Property
                                                                                                                      Topic 9: Accident and Health Insurance Basics6%- Accident and Health Claims
                                                                                                                      • 1. Investigation and Payment of Claims
                                                                                                                        • 2. Notice and Proof of Loss
                                                                                                                          - Types of Coverage
                                                                                                                          • 1. Disability, Medical and Long-Term Care
                                                                                                                            • 2. Accidental Injury and Sickness
                                                                                                                              - Limited Policies
                                                                                                                              • 1. Hospital, Dental and Vision Coverage
                                                                                                                                • 2. Accident-Only and Specified Disease

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

                                                                                                                                  Which of the following are included in the basic coverage of Financial Institution Bonds?

                                                                                                                                  • A. Debit Card Coverage.
                                                                                                                                  • B. Audit and Claims Expense.
                                                                                                                                  • C. Counterfeit Currency.
                                                                                                                                  • D. Computer Systems Fraud.
                                                                                                                                  Reveal Solution  Discussion  0

                                                                                                                                  Correct Answer: C  🗳️

                                                                                                                                  Explanation: Only visible for ExamBoosts members. You can sign-up / login (it's free).

                                                                                                                                  If a businessowner has a loss, which of the following will the insurer REQUIRE from the insured to assist in the business interruption portion of the claim?

                                                                                                                                  • A. Production of list of furniture and fixtures.
                                                                                                                                  • B. Examination under oath.
                                                                                                                                  • C. Submission to an insurer's onsite inspection request.
                                                                                                                                  • D. Production of books and records, including taxes and all schedules.
                                                                                                                                  Reveal Solution  Discussion  0

                                                                                                                                  Correct Answer: D  🗳️

                                                                                                                                  Explanation: Only visible for ExamBoosts members. You can sign-up / login (it's free).

                                                                                                                                  What is the purpose of a businessowner policy?

                                                                                                                                  • A. To write policies that are unable to be written in the admitted market.
                                                                                                                                  • B. To allow insureds to cover their personal and commercial liability only.
                                                                                                                                  • C. To add workers' compensation benefits.
                                                                                                                                  • D. To allow insureds to provide coverage for their small business.
                                                                                                                                  Reveal Solution  Discussion  0

                                                                                                                                  Correct Answer: D  🗳️

                                                                                                                                  Explanation: Only visible for ExamBoosts members. You can sign-up / login (it's free).

                                                                                                                                  The liability section of a businessowners policy (BOP) covers which of the following?

                                                                                                                                  • A. Customer injured on the business premises.
                                                                                                                                  • B. Bodily injury suffered in an automobile accident.
                                                                                                                                  • C. Medical payments for injured employee.
                                                                                                                                  • D. Roof damaged by a windstorm.
                                                                                                                                  Reveal Solution  Discussion  0

                                                                                                                                  Correct Answer: A  🗳️

                                                                                                                                  A limit of insurance that determines the maximum amount that can be paid out annually is

                                                                                                                                  • A. a face amount.
                                                                                                                                  • B. a single limit.
                                                                                                                                  • C. an aggregate limit.
                                                                                                                                  • D. an occurrence limit.
                                                                                                                                  Reveal Solution  Discussion  0

                                                                                                                                  Correct Answer: C  🗳️

                                                                                                                                  Explanation: Only visible for ExamBoosts members. You can sign-up / login (it's free).

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