New York Independent General Adjuster License
Exam 2026 Prep Test Bank B with 350 Questions and
Correct Answers/ NY 17-70 Independent Adjuster
Practice Exam B Latest 2026
A person, firm, or corporation that, for compensation, acts on behalf of an insured
in negotiating the settlement of certain claims for loss or damage to property is
known as a/an: - ANSWER-Public adjuster.
Any insurance adjuster whose license has been revoked for cause will not be
entitled to apply for any other insurance license in New York until at least: -
ANSWER-One year after the revocation.
The person must wait for one year to be eligible to reapply. There is no assurance
that the Superintendent would consider a reissue of license due to the previous
revocation.
In New York complaint records of claims must be maintained for ______ calendar
years. - ANSWER-Insurers must maintain complaint records for six calendar
years after all elements of the complaints are resolved and the file is closed
Harry Jones wants to apply for a temporary adjuster's permit to act as an
independent adjuster in New York. Which of the following is NOT true? -
ANSWER-He must pass an interim examination
Harry does not have to take an interim examination to obtain a temporary adjuster's
license.
pg. 1
,As used in the phrase property and casualty insurance, casualty refers to -
ANSWER-Liability loss or exposure
Casualty involves a liability loss or exposure creating a legal liability situation
based on negligence.
Bob is purchasing a commercial property policy to cover contents of a building
valued at $100,000. The policy includes an 80 percent coinsurance clause. To
avoid a coinsurance penalty in the event of a partial loss, Bob should purchase a
policy with minimum limits of at least: - ANSWER-The value of the covered
property is ($100,000) times 80% = $80,000.
A print shop is insured under a Businessowners Policy with a separate policy
covering the press. If a loss occurs that is covered under both policies, how will the
Businessowners Policy respond? - ANSWER-Excess coverage
The other insurance clause in the BOP is somewhat different than in other policies.
The policy states that other coverage is considered primary (whether collectible or
not) and that any coverage for the loss under the BOP will be considered EXCESS.
A proof of loss addresses all of the following, EXCEPT: - ANSWER-The insuring
agreement in the policy that provides the coverage
The proof of loss does not address the insuring agreement in the policy that would
provide the coverage in case of a claim.
A public adjuster represents the interest of - ANSWER-The insured
A public adjuster is an independent contractor representing solely the financial
interests of the insured named in the policy.
pg. 2
,A ship has negligently collided with another ship and caused severe damage. What
coverage would apply to cover this claim? - ANSWER-Hull insurance with the
"running down clause".
Hull insurance with the "running down clause" would respond to cover this claim.
A ship owner wanting coverage in case crew members bring liability suits for
injuries sustained while working would purchase: - ANSWER-Protection and
Indemnity
All of the following are covered under the Equipment Breakdown coverage form,
except: - ANSWER-The breakdown of any structure or materials supporting the
equipment.
The policy does not cover the structure or materials supporting the equipment.
The policy does not cover the structure or materials supporting the equipment. -
ANSWER-Tornado
Flood, earthquake, and mudslides are excluded perils. Coverage for flood and
mudslides can be covered by purchasing a separate flood policy. Earthquake
coverage can be purchased separately. Tornado is covered by the wind peril.
All of the following are exclusions under Section I - Forms HO-2 and HO-3,
EXCEPT: - ANSWER-Collapse
pg. 3
, The HO-8 form does not include the peril of collapse. However, the broader forms
HO-2 and HO-3 include collapse. The other 3 answers are excluded under all of
the HO forms.
All of the following are exclusions under the standard BOP form, EXCEPT: -
ANSWER-Transportation
Transportation is a covered peril in the BOP.
All of the following are true regarding the "write your own" program under flood
insurance, EXCEPT: - ANSWER-Insurers must participate in the program.
Insurers voluntarily participate in the program; they are not required to do so.
All of the following would not be eligible for coverage under a businessowners
policy, EXCEPT: - ANSWER-Small retail store
The BOP is intended for small, owner-operated light businesses. Bars and taverns
and auto body and repair shops are almost always excluded. The branch bank
would not meet the general criteria.
An adjuster has just completed taking the statement of a witness. Which of the
following must be done? - ANSWER-The witness must sign each page and have
his or her signature witnessed.
An adjuster should refrain from using derogatory remarks and abbreviations in a
report because - ANSWER-The report is part of the discovery process from the
plaintiff's attorney
pg. 4
Exam 2026 Prep Test Bank B with 350 Questions and
Correct Answers/ NY 17-70 Independent Adjuster
Practice Exam B Latest 2026
A person, firm, or corporation that, for compensation, acts on behalf of an insured
in negotiating the settlement of certain claims for loss or damage to property is
known as a/an: - ANSWER-Public adjuster.
Any insurance adjuster whose license has been revoked for cause will not be
entitled to apply for any other insurance license in New York until at least: -
ANSWER-One year after the revocation.
The person must wait for one year to be eligible to reapply. There is no assurance
that the Superintendent would consider a reissue of license due to the previous
revocation.
In New York complaint records of claims must be maintained for ______ calendar
years. - ANSWER-Insurers must maintain complaint records for six calendar
years after all elements of the complaints are resolved and the file is closed
Harry Jones wants to apply for a temporary adjuster's permit to act as an
independent adjuster in New York. Which of the following is NOT true? -
ANSWER-He must pass an interim examination
Harry does not have to take an interim examination to obtain a temporary adjuster's
license.
pg. 1
,As used in the phrase property and casualty insurance, casualty refers to -
ANSWER-Liability loss or exposure
Casualty involves a liability loss or exposure creating a legal liability situation
based on negligence.
Bob is purchasing a commercial property policy to cover contents of a building
valued at $100,000. The policy includes an 80 percent coinsurance clause. To
avoid a coinsurance penalty in the event of a partial loss, Bob should purchase a
policy with minimum limits of at least: - ANSWER-The value of the covered
property is ($100,000) times 80% = $80,000.
A print shop is insured under a Businessowners Policy with a separate policy
covering the press. If a loss occurs that is covered under both policies, how will the
Businessowners Policy respond? - ANSWER-Excess coverage
The other insurance clause in the BOP is somewhat different than in other policies.
The policy states that other coverage is considered primary (whether collectible or
not) and that any coverage for the loss under the BOP will be considered EXCESS.
A proof of loss addresses all of the following, EXCEPT: - ANSWER-The insuring
agreement in the policy that provides the coverage
The proof of loss does not address the insuring agreement in the policy that would
provide the coverage in case of a claim.
A public adjuster represents the interest of - ANSWER-The insured
A public adjuster is an independent contractor representing solely the financial
interests of the insured named in the policy.
pg. 2
,A ship has negligently collided with another ship and caused severe damage. What
coverage would apply to cover this claim? - ANSWER-Hull insurance with the
"running down clause".
Hull insurance with the "running down clause" would respond to cover this claim.
A ship owner wanting coverage in case crew members bring liability suits for
injuries sustained while working would purchase: - ANSWER-Protection and
Indemnity
All of the following are covered under the Equipment Breakdown coverage form,
except: - ANSWER-The breakdown of any structure or materials supporting the
equipment.
The policy does not cover the structure or materials supporting the equipment.
The policy does not cover the structure or materials supporting the equipment. -
ANSWER-Tornado
Flood, earthquake, and mudslides are excluded perils. Coverage for flood and
mudslides can be covered by purchasing a separate flood policy. Earthquake
coverage can be purchased separately. Tornado is covered by the wind peril.
All of the following are exclusions under Section I - Forms HO-2 and HO-3,
EXCEPT: - ANSWER-Collapse
pg. 3
, The HO-8 form does not include the peril of collapse. However, the broader forms
HO-2 and HO-3 include collapse. The other 3 answers are excluded under all of
the HO forms.
All of the following are exclusions under the standard BOP form, EXCEPT: -
ANSWER-Transportation
Transportation is a covered peril in the BOP.
All of the following are true regarding the "write your own" program under flood
insurance, EXCEPT: - ANSWER-Insurers must participate in the program.
Insurers voluntarily participate in the program; they are not required to do so.
All of the following would not be eligible for coverage under a businessowners
policy, EXCEPT: - ANSWER-Small retail store
The BOP is intended for small, owner-operated light businesses. Bars and taverns
and auto body and repair shops are almost always excluded. The branch bank
would not meet the general criteria.
An adjuster has just completed taking the statement of a witness. Which of the
following must be done? - ANSWER-The witness must sign each page and have
his or her signature witnessed.
An adjuster should refrain from using derogatory remarks and abbreviations in a
report because - ANSWER-The report is part of the discovery process from the
plaintiff's attorney
pg. 4
