1|Page
Series 17-70 New York State Independent Adjuster
License Practice Exam 2025 Latest Prep Test Bank
with 370 Questions and Correct Answers/NYS
Independent Adjuster Exam Prep Guide (new!)
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. - ...ANSWER...✓✓ 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.
, 2|Page
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 - ...ANSWER...✓✓ 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. -
...ANSWER...✓✓ Submitting a 1033 waiver form and
having it approved by an insurance regulatory official in
his or her state.
Series 17-70 New York State Independent Adjuster
License Practice Exam 2025 Latest Prep Test Bank
with 370 Questions and Correct Answers/NYS
Independent Adjuster Exam Prep Guide (new!)
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. - ...ANSWER...✓✓ 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.
, 2|Page
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 - ...ANSWER...✓✓ 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. -
...ANSWER...✓✓ Submitting a 1033 waiver form and
having it approved by an insurance regulatory official in
his or her state.
