NEW YORK INDEPENDENT FIRE ADJUSTER EXAM
SIMULATOR - SERIES 17-64 COMPLETE QUESTIONS
AND ANSWERS|| LATEST UPDATE 2025/26
Mason has suffered a $42,000 loss to his commercial building due to fire. The building
is covered under the Building & Personal Property coverage form and had been vacant
for 74 days. The insurer would have paid the entire loss if the building had been
occupied, but what will they pay because the insured building was considered vacant?
$28,980.
$42,000.
$6,300.
$35,700. -CORRECTANSWER For a loss that would otherwise be covered for the full
amount, a reduction of 15% is taken off the claims payment because the building was
considered vacant. 15% of $42,000 is $6,300. If $6,300 is subtracted from $42,000, the
insured would receive $35,700.
The Superintendent of Insurance may issue a _____ temporary permit to an individual
to adjust claims while an adjuster's application is pending.
6-month
30-day
1-year
120-day -CORRECTANSWER 120 day
, Under the Federal Insurance Fraud and False Statements Act, if someone is prohibited
from doing business in a state, approval to resume transacting business must be
granted by:
Submitting a 1033 waiver form and having it approved by an insurance regulatory
official in his or her state.
The State Attorney General.
The United States Secretary of State.
The United States Secretary of Treasury. -CORRECTANSWER Submitting a 1033
waiver form and having it approved by an insurance regulatory official in his or her state.
The Dwelling endorsement for Broad Theft Coverage excludes losses to dwellings that
have been vacant for more than _____ days immediately prior to the loss.
45 days.
60 days.
30 days.
90 days. -CORRECTANSWER 60 days
The endorsement to the homeowner policy for water that backs up through a sewer or
drain including mechanical breakdown of a sump pump contains which of the following?
SIMULATOR - SERIES 17-64 COMPLETE QUESTIONS
AND ANSWERS|| LATEST UPDATE 2025/26
Mason has suffered a $42,000 loss to his commercial building due to fire. The building
is covered under the Building & Personal Property coverage form and had been vacant
for 74 days. The insurer would have paid the entire loss if the building had been
occupied, but what will they pay because the insured building was considered vacant?
$28,980.
$42,000.
$6,300.
$35,700. -CORRECTANSWER For a loss that would otherwise be covered for the full
amount, a reduction of 15% is taken off the claims payment because the building was
considered vacant. 15% of $42,000 is $6,300. If $6,300 is subtracted from $42,000, the
insured would receive $35,700.
The Superintendent of Insurance may issue a _____ temporary permit to an individual
to adjust claims while an adjuster's application is pending.
6-month
30-day
1-year
120-day -CORRECTANSWER 120 day
, Under the Federal Insurance Fraud and False Statements Act, if someone is prohibited
from doing business in a state, approval to resume transacting business must be
granted by:
Submitting a 1033 waiver form and having it approved by an insurance regulatory
official in his or her state.
The State Attorney General.
The United States Secretary of State.
The United States Secretary of Treasury. -CORRECTANSWER Submitting a 1033
waiver form and having it approved by an insurance regulatory official in his or her state.
The Dwelling endorsement for Broad Theft Coverage excludes losses to dwellings that
have been vacant for more than _____ days immediately prior to the loss.
45 days.
60 days.
30 days.
90 days. -CORRECTANSWER 60 days
The endorsement to the homeowner policy for water that backs up through a sewer or
drain including mechanical breakdown of a sump pump contains which of the following?
