NEW YORK STATE GENERAL ADJUSTER (17-70) EXAM COVERAGE
The General Adjuster (17-70) licensing exam administered by the New
York State Department of Financial Services is designed to assess a
candidate's understanding of insurance adjusting practices and state
regulatory requirements. The coverage includes core principles of
property and casualty insurance, policy structure, and interpretation
of coverage terms and conditions. It also evaluates skills in claims
investigation, loss assessment, damage estimation, and settlement
procedures. Additional focus is placed on New York insurance laws,
licensing standards, ethical conduct, and fraud prevention. Overall,
the exam ensures candidates are equipped to handle insurance claims
accurately, fairly, and in compliance with legal and professional
standards.
,Which of the following is not a violation of the Unfair Trade Practices
Act?
1 Not attempting in good faith to settle claims
2 Denying an uncovered claim
3 Failing to promptly settle claims under one portion of coverage in
order to influence settlements under other portions of coverage
4 Not setting forth the coverage under which a claim payment is being
made
Denying a claim that is not covered is not a violation.
,Replacement cost coverage is best defined as:
Replacement without deduction for depreciation.With replacement
cost coverage, the insured is permitted to replace old with new at
today's cost without a deduction for depreciation.
, Which of the following would be considered a "supplementary
payment" coverage under a business auto policy? 1)All post-judgment
interest in a suit defended by the insurer 2)Payment for an insured
employee's truck being used by the employee on a business-related
trip 3)Costs for a private investigator hired by an employee to prove
he was not involved in a hit and run accident of which he has been
accused 4)Up to $2,000 for the cost of bail bonds for an employee
involved in an accident while he was on a trip to Mexico that he won
for exceeding sales goals set by the company
1) All post-judgment interest in a suit defended by the insurer.
Supplementary payments do not include physical damages, nor
personal expenses of employees. The bail bonds would be covered
except that Mexico is outside the coverage area.
The General Adjuster (17-70) licensing exam administered by the New
York State Department of Financial Services is designed to assess a
candidate's understanding of insurance adjusting practices and state
regulatory requirements. The coverage includes core principles of
property and casualty insurance, policy structure, and interpretation
of coverage terms and conditions. It also evaluates skills in claims
investigation, loss assessment, damage estimation, and settlement
procedures. Additional focus is placed on New York insurance laws,
licensing standards, ethical conduct, and fraud prevention. Overall,
the exam ensures candidates are equipped to handle insurance claims
accurately, fairly, and in compliance with legal and professional
standards.
,Which of the following is not a violation of the Unfair Trade Practices
Act?
1 Not attempting in good faith to settle claims
2 Denying an uncovered claim
3 Failing to promptly settle claims under one portion of coverage in
order to influence settlements under other portions of coverage
4 Not setting forth the coverage under which a claim payment is being
made
Denying a claim that is not covered is not a violation.
,Replacement cost coverage is best defined as:
Replacement without deduction for depreciation.With replacement
cost coverage, the insured is permitted to replace old with new at
today's cost without a deduction for depreciation.
, Which of the following would be considered a "supplementary
payment" coverage under a business auto policy? 1)All post-judgment
interest in a suit defended by the insurer 2)Payment for an insured
employee's truck being used by the employee on a business-related
trip 3)Costs for a private investigator hired by an employee to prove
he was not involved in a hit and run accident of which he has been
accused 4)Up to $2,000 for the cost of bail bonds for an employee
involved in an accident while he was on a trip to Mexico that he won
for exceeding sales goals set by the company
1) All post-judgment interest in a suit defended by the insurer.
Supplementary payments do not include physical damages, nor
personal expenses of employees. The bail bonds would be covered
except that Mexico is outside the coverage area.
