We're so confident of our products that we provide no hassle product exchange.
Insurance Licensing NY-Independent-General-Adjuster Exam Overview:
| Certification Vendor: | New York State Department of Financial Services (NY DFS) |
|---|---|
| Exam Name: | New York Independent General Adjuster Examination |
| Exam Number: | Series 17-70 |
| Real Exam Qty: | 100 |
| Passing Score: | 70% |
| Exam Duration: | 120 minutes |
| Certificate Validity Period: | 2 years; expires December 31 of even-numbered years |
| Exam Price: | $33 USD |
| Related Certifications: | Independent Aviation Adjuster Independent Fire Adjuster (Series 17-64) Independent Fidelity & Surety Adjuster Public Adjuster (Series 17-62) Independent Automobile Adjuster Independent Accident & Health Adjuster Independent Inland Marine Adjuster Independent Casualty Adjuster |
| Available Languages: | English |
| Exam Format: | Computer-based, Multiple Choice |
| Recommended Training: | NY DFS Insurance Law & Regulation Reference Materials PSI Candidate Information Bulletin |
| Exam Registration: | NY DFS — Adjuster Licensing Portal PSI Exams — Official Registration |
| Sample Questions: | Insurance Licensing NY-Independent-General-Adjuster Sample Questions |
| Exam Way: | Computer-based testing at PSI test centers or remote proctoring via PSI Bridge |
| Pre Condition: | No mandatory pre-licensing education course required for Independent Adjuster applicants. Must pass exam within 2 years of applying for license. Must submit fingerprints and application through NY DFS portal. |
| Official Syllabus URL: | https://www.dfs.ny.gov/apps_and_licensing/agents_and_brokers/lic_app_ia_pa |
Insurance Licensing NY-Independent-General-Adjuster Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Claims Investigation & Adjusting Procedures | 20% | - Loss valuation, damage assessment, and estimating - Evidence gathering, coverage analysis, and policy interpretation - Settlement negotiation, reservation of rights, and denial procedures - Claim intake, notice of loss, and initial investigation |
| Ethics & Professional Responsibility | 15% | - Fair claims handling standards and professional conduct - Fiduciary duty, conflict of interest, and confidentiality - Fraud detection and reporting obligations |
| Property & Casualty Coverages | 25% | - Commercial Property and Businessowners policies - Specialty lines — Inland Marine, Flood, Workers' Compensation, Crime - General Liability and Commercial General Liability - Automobile coverages — Personal and Commercial - Dwelling and Homeowners policies |
| New York Insurance Law & Regulations | 25% | - State-specific policy provisions and mandatory endorsements - Unfair Claims Settlement Practices Act / Regulation 64 - Licensing requirements, eligibility, and examination rules - NY Insurance Law Articles and DFS regulations |
| Insurance Fundamentals & General Principles | 15% | - Risk management and insurable interest - Insurance contract elements and legal structure - Indemnity, subrogation, utmost good faith |
Insurance Licensing NewYorkIndependent General Adjuster (Series 17-70) Sample Questions:
Which of the following does NOT constitute an element of acceptance of a settlement offer to a claimant?
- A. The person accepting the offer does so with no more than one contingent stipulation.
- B. The person to whom the offer was made must accept the offer.
- C. The acceptance must be unconditional.
- D. The person accepting the offer must communicate the acceptance by appropriate word or act.
Correct Answer: A 🗳️
Explanation: Only visible for TopExamCollection members. You can sign-up / login (it's free).
The final step of the claims process usually involves which of the following?
- A. The claims representative submits the final claim payment report to the state insurance department.
- B. 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.
- C. The claims representative prepares a historical loss run for the insured at the time of final payment.
- D. The claims representative adjusts the initial reserves.
Correct Answer: B 🗳️
Explanation: Only visible for TopExamCollection members. You can sign-up / login (it's free).
Under a homeowners policy, the duties of the insured after a loss to property are contained in which section of the policy?
- A. Coverages.
- B. Insuring agreement.
- C. Conditions.
- D. Definitions.
Correct Answer: C 🗳️
Explanation: Only visible for TopExamCollection members. You can sign-up / login (it's free).
Steve was involved in an automobile accident. He does NOT agree with the settlement offer by the insurer. Which common policy provision allows Steve to dispute the settlement offer?
- A. Preferred settlement.
- B. Competitive bid.
- C. Arbitration.
- D. Market value clause.
Correct Answer: C 🗳️
Explanation: Only visible for TopExamCollection members. You can sign-up / login (it's free).
A type of insurance that protects an individual who fails to meet the standards of skill and care generally accepted for her occupation is
- A. workers' compensation.
- B. fiduciary liability.
- C. professional liability.
- D. personal liability.
Correct Answer: C 🗳️
Explanation: Only visible for TopExamCollection members. You can sign-up / login (it's free).
Viewing page 1 out of 22 pages.
Viewing questions 1-5 out of 107 questions.
By Troy
