❖ 17-70 – NY Independent General Adjuster |
Comprehensive Study Guide, Practice Exam,
Exam Questions & Answers, Exam Prep Test
Bank, New York Insurance Law, Property &
Casualty Claims, Policy Interpretation, Claims
Investigation, Loss Adjustment, Claims
Settlement, Insurance Ethics, Regulatory
Compliance, Detailed Rationales, Adjuster
Licensing Review
Question 1: According to Section 2108 of the New York Insurance Law, what is
the minimum age requirement for an individual applicant seeking an
independent adjuster's license?
A. 21 years of age
B. 18 years of age
C. 25 years of age
D. No age requirement is specified
CORRECT ANSWER: B. 18 years of age
Rationale:Section 2108(c)(3) of the New York Insurance Law explicitly states that every
individual applicant for a license under this section and every proposed sub-licensee
shall be eighteen years of age or over at the time of the issuance of such license.
Question 2: Under New York Insurance Law, what is the primary difference
between an independent adjuster and a public adjuster?
A. Independent adjusters work for the insured; public adjusters work for the insurer.
B. Independent adjusters work for the insurer; public adjusters work for the insured.
C. Independent adjusters handle only property claims; public adjusters handle only
liability claims.
D. Independent adjusters are required to be licensed; public adjusters are exempt from
licensing.
CORRECT ANSWER: B. Independent adjusters work for the insurer; public
adjusters work for the insured.
Rationale:Section 2108(a)(3) of the New York Insurance Law states that no adjuster
shall act on behalf of an insurer unless licensed as an independent adjuster, and no
adjuster shall act on behalf of an insured unless licensed as a public adjuster.
Question 3: Which of the following correctly describes the license renewal
cycle for a New York independent adjuster?
A. Annual renewal on January 1st of each year
B. Biennial renewal expiring on December 31st of even-numbered years
C. Triennial renewal expiring on the adjuster's birthday
D. The license is perpetual and does not require renewal
,CORRECT ANSWER: B. Biennial renewal expiring on December 31st of even-
numbered years
Rationale:New York independent adjuster licenses are valid for two years and expire on
December 31 of each even-numbered year. There is no continuing education
requirement for renewal under current New York law.
Question 4: Under Section 2108(l) of the New York Insurance Law, what surety
bond amount is required for an independent adjuster license?
A. $500
B. $1,000
C. $5,000
D. $10,000
CORRECT ANSWER: B. $1,000
Rationale:New York requires independent adjusters to provide a $1,000 surety bond to
cover the licensing period. This bond helps ensure the individual faithfully executes his
or her duties as an insurance adjuster and allows the state to recover amounts if the
adjuster is found guilty of fraudulent behavior.
Question 5: Under Regulation 25, Part 26.6 of the New York Insurance Law,
what is the adjuster's obligation when changing their business address?
A. No notification is required unless changing states
B. Notify the Department of Financial Services within 10 business days
C. Report the change of address as required under the regulation
D. Notify the Department within 30 days of the change
CORRECT ANSWER: C. Report the change of address as required under the
regulation
Rationale:New York Regulation 25, Part 26.6 requires adjusters to report changes of
address to the Department of Financial Services. This is a maintenance and duration
requirement for licensed adjusters.
Question 6: According to Section 2108(d)(2) of the New York Insurance Law,
which of the following is required for all independent adjuster license
applicants?
A. A college degree
B. Submission of fingerprints
C. Five years of claims experience
D. A written recommendation from a current licensee
CORRECT ANSWER: B. Submission of fingerprints
Rationale:Section 2108(d)(2) of the New York Insurance Law requires all applicants for
an independent adjuster license to submit fingerprints as part of the licensing process
for a background check.
,Question 7: Under Section 2110 of the New York Insurance Law, which of the
following is NOT a potential disciplinary action the Superintendent may take
against a licensed adjuster?
A. Suspension of the license
B. Revocation of the license
C. Mandatory community service
D. Monetary penalties
CORRECT ANSWER: C. Mandatory community service
Rationale:Section 2110 of the New York Insurance Law authorizes the Superintendent
to suspend, revoke, or non-renew an adjuster's license and impose penalties. Mandatory
community service is not listed as an authorized disciplinary action under this section.
Question 8: What is the passing score required for the Series 17-70 New York
Independent General Adjuster examination?
A. 60%
B. 65%
C. 70%
D. 75%
CORRECT ANSWER: C. 70%
Rationale:Candidates taking the Series 17-70 exam must achieve a score of at least
70% to pass. The exam consists of 100 questions with a 2-hour time limit. Candidates
who score below 70% must retake the exam and pay the fees again.
Question 9: Under New York Insurance Law, what is the time limit for
completing the Series 17-70 Independent General Adjuster examination?
A. 1 hour
B. 1.5 hours
C. 2 hours
D. 3 hours
CORRECT ANSWER: C. 2 hours
Rationale:The Series 17-70 examination consists of 100 questions and candidates are
given 2 hours to complete the exam.
Question 10: A New York independent adjuster's license is set to expire on
December 31, 2026. If the adjuster files a renewal application before the
expiration date, what happens to the license?
A. The license expires immediately and cannot be renewed
B. The license continues in full force until the Superintendent issues the renewal or
refuses it
C. The license continues only if the adjuster pays a late fee
D. The license expires but may be reinstated within 30 days
, CORRECT ANSWER: B. The license continues in full force until the
Superintendent issues the renewal or refuses it
Rationale:Under Section 2108 of the New York Insurance Law, if a renewal application
is filed with the Superintendent before the expiration of the license, the license sought to
be renewed continues in full force and effect either until the issuance of the renewal
license or until five days after the Superintendent refuses to issue the renewal and
provides notice of such refusal.
Question 11: Under New York Insurance Law, which of the following describes
the "period of restoration" as proposed in recent legislation (S8262)?
A. The period beginning on the date of loss and ending 30 days after the claim is filed
B. The period beginning on the date of loss, including time to inspect, assess damages,
obtain permits, receive funds, and repair or replace damaged property
C. The period beginning when the insurer acknowledges the claim and ending when
payment is issued
D. The period limited to 90 days from the date of loss
CORRECT ANSWER: B. The period beginning on the date of loss, including
time to inspect, assess damages, obtain permits, receive funds, and repair or
replace damaged property
Rationale:Proposed legislation S8262 defines the "period of restoration" as beginning
on the date of loss and including any actual time necessary to inspect, evaluate and
assess the damages, obtain permits, receive funds, and repair or replace damaged
property in compliance with local building codes and industry standards.
Question 12: The Superintendent of Financial Services has authority under
New York Insurance Law to issue cease and desist orders. Under which section
of the Insurance Law is this authority granted?
A. Section 2108
B. Section 2404
C. Section 2405
D. Section 2110
CORRECT ANSWER: C. Section 2405
Rationale:Section 2405 of the New York Insurance Law grants the Superintendent
authority to issue cease and desist orders as part of the disciplinary actions available
against licensees.
Question 13: According to the New York State Department of Financial
Services, how many Certificates of Character are required for an independent
adjuster license application?
A. Three
B. Five
Comprehensive Study Guide, Practice Exam,
Exam Questions & Answers, Exam Prep Test
Bank, New York Insurance Law, Property &
Casualty Claims, Policy Interpretation, Claims
Investigation, Loss Adjustment, Claims
Settlement, Insurance Ethics, Regulatory
Compliance, Detailed Rationales, Adjuster
Licensing Review
Question 1: According to Section 2108 of the New York Insurance Law, what is
the minimum age requirement for an individual applicant seeking an
independent adjuster's license?
A. 21 years of age
B. 18 years of age
C. 25 years of age
D. No age requirement is specified
CORRECT ANSWER: B. 18 years of age
Rationale:Section 2108(c)(3) of the New York Insurance Law explicitly states that every
individual applicant for a license under this section and every proposed sub-licensee
shall be eighteen years of age or over at the time of the issuance of such license.
Question 2: Under New York Insurance Law, what is the primary difference
between an independent adjuster and a public adjuster?
A. Independent adjusters work for the insured; public adjusters work for the insurer.
B. Independent adjusters work for the insurer; public adjusters work for the insured.
C. Independent adjusters handle only property claims; public adjusters handle only
liability claims.
D. Independent adjusters are required to be licensed; public adjusters are exempt from
licensing.
CORRECT ANSWER: B. Independent adjusters work for the insurer; public
adjusters work for the insured.
Rationale:Section 2108(a)(3) of the New York Insurance Law states that no adjuster
shall act on behalf of an insurer unless licensed as an independent adjuster, and no
adjuster shall act on behalf of an insured unless licensed as a public adjuster.
Question 3: Which of the following correctly describes the license renewal
cycle for a New York independent adjuster?
A. Annual renewal on January 1st of each year
B. Biennial renewal expiring on December 31st of even-numbered years
C. Triennial renewal expiring on the adjuster's birthday
D. The license is perpetual and does not require renewal
,CORRECT ANSWER: B. Biennial renewal expiring on December 31st of even-
numbered years
Rationale:New York independent adjuster licenses are valid for two years and expire on
December 31 of each even-numbered year. There is no continuing education
requirement for renewal under current New York law.
Question 4: Under Section 2108(l) of the New York Insurance Law, what surety
bond amount is required for an independent adjuster license?
A. $500
B. $1,000
C. $5,000
D. $10,000
CORRECT ANSWER: B. $1,000
Rationale:New York requires independent adjusters to provide a $1,000 surety bond to
cover the licensing period. This bond helps ensure the individual faithfully executes his
or her duties as an insurance adjuster and allows the state to recover amounts if the
adjuster is found guilty of fraudulent behavior.
Question 5: Under Regulation 25, Part 26.6 of the New York Insurance Law,
what is the adjuster's obligation when changing their business address?
A. No notification is required unless changing states
B. Notify the Department of Financial Services within 10 business days
C. Report the change of address as required under the regulation
D. Notify the Department within 30 days of the change
CORRECT ANSWER: C. Report the change of address as required under the
regulation
Rationale:New York Regulation 25, Part 26.6 requires adjusters to report changes of
address to the Department of Financial Services. This is a maintenance and duration
requirement for licensed adjusters.
Question 6: According to Section 2108(d)(2) of the New York Insurance Law,
which of the following is required for all independent adjuster license
applicants?
A. A college degree
B. Submission of fingerprints
C. Five years of claims experience
D. A written recommendation from a current licensee
CORRECT ANSWER: B. Submission of fingerprints
Rationale:Section 2108(d)(2) of the New York Insurance Law requires all applicants for
an independent adjuster license to submit fingerprints as part of the licensing process
for a background check.
,Question 7: Under Section 2110 of the New York Insurance Law, which of the
following is NOT a potential disciplinary action the Superintendent may take
against a licensed adjuster?
A. Suspension of the license
B. Revocation of the license
C. Mandatory community service
D. Monetary penalties
CORRECT ANSWER: C. Mandatory community service
Rationale:Section 2110 of the New York Insurance Law authorizes the Superintendent
to suspend, revoke, or non-renew an adjuster's license and impose penalties. Mandatory
community service is not listed as an authorized disciplinary action under this section.
Question 8: What is the passing score required for the Series 17-70 New York
Independent General Adjuster examination?
A. 60%
B. 65%
C. 70%
D. 75%
CORRECT ANSWER: C. 70%
Rationale:Candidates taking the Series 17-70 exam must achieve a score of at least
70% to pass. The exam consists of 100 questions with a 2-hour time limit. Candidates
who score below 70% must retake the exam and pay the fees again.
Question 9: Under New York Insurance Law, what is the time limit for
completing the Series 17-70 Independent General Adjuster examination?
A. 1 hour
B. 1.5 hours
C. 2 hours
D. 3 hours
CORRECT ANSWER: C. 2 hours
Rationale:The Series 17-70 examination consists of 100 questions and candidates are
given 2 hours to complete the exam.
Question 10: A New York independent adjuster's license is set to expire on
December 31, 2026. If the adjuster files a renewal application before the
expiration date, what happens to the license?
A. The license expires immediately and cannot be renewed
B. The license continues in full force until the Superintendent issues the renewal or
refuses it
C. The license continues only if the adjuster pays a late fee
D. The license expires but may be reinstated within 30 days
, CORRECT ANSWER: B. The license continues in full force until the
Superintendent issues the renewal or refuses it
Rationale:Under Section 2108 of the New York Insurance Law, if a renewal application
is filed with the Superintendent before the expiration of the license, the license sought to
be renewed continues in full force and effect either until the issuance of the renewal
license or until five days after the Superintendent refuses to issue the renewal and
provides notice of such refusal.
Question 11: Under New York Insurance Law, which of the following describes
the "period of restoration" as proposed in recent legislation (S8262)?
A. The period beginning on the date of loss and ending 30 days after the claim is filed
B. The period beginning on the date of loss, including time to inspect, assess damages,
obtain permits, receive funds, and repair or replace damaged property
C. The period beginning when the insurer acknowledges the claim and ending when
payment is issued
D. The period limited to 90 days from the date of loss
CORRECT ANSWER: B. The period beginning on the date of loss, including
time to inspect, assess damages, obtain permits, receive funds, and repair or
replace damaged property
Rationale:Proposed legislation S8262 defines the "period of restoration" as beginning
on the date of loss and including any actual time necessary to inspect, evaluate and
assess the damages, obtain permits, receive funds, and repair or replace damaged
property in compliance with local building codes and industry standards.
Question 12: The Superintendent of Financial Services has authority under
New York Insurance Law to issue cease and desist orders. Under which section
of the Insurance Law is this authority granted?
A. Section 2108
B. Section 2404
C. Section 2405
D. Section 2110
CORRECT ANSWER: C. Section 2405
Rationale:Section 2405 of the New York Insurance Law grants the Superintendent
authority to issue cease and desist orders as part of the disciplinary actions available
against licensees.
Question 13: According to the New York State Department of Financial
Services, how many Certificates of Character are required for an independent
adjuster license application?
A. Three
B. Five
