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Key Facts: NY Public Adjuster Exam
70%
Passing Score
NY DFS / PSI
60 Q
Exam Questions
PSI Series 17-62
1 hr
Exam Time
PSI Series 17-62
15 hrs
CE Per Cycle
NY DFS
$1,000
Surety Bond
NY DFS
New York public adjusters must pass the PSI Series 17-62 exam (60 questions, 1 hour, 70% to pass), complete 40 hours of prelicensing education or show one year of qualifying experience, file a $1,000 bond and five certificates of character, and complete 15 CE hours each biennial period. Regulation 10 caps fees at 12.5% and bans solicitation from 6:00 p.m. to 8:00 a.m.
Sample NY Public Adjuster Practice Questions
Try these sample questions to review concepts for the NY Public Adjuster exam. Each question includes a detailed explanation. Start the interactive quiz above for the full 200+ question experience with AI tutoring.
1Under New York law, who does a public adjuster represent?
2Which New York statute governs the licensing and regulation of public adjusters?
3What is the surety bond amount required for a New York public adjuster license?
4Which state agency oversees public adjuster licensing in New York?
5How many hours of pre-licensure education must a NY public adjuster applicant complete?
6What experience exemption exists for the 40-hour pre-licensing education requirement for a NY public adjuster license?
7How many character references must a NY public adjuster applicant provide?
8What is a key requirement for the five character references for a NY public adjuster applicant?
9When do New York public adjuster licenses expire?
10How many continuing education credit hours must a NY public adjuster complete each biennial licensing period?
About the NY Public Adjuster Exam
The New York public adjuster exam (PSI Series 17-62) has 60 questions in 1 hour covering insurance regulation, insurance basics, adjusting losses, and dwelling, homeowners, commercial package, businessowners, and other property coverages.
Exam sponsor: New York Department of Financial Services. The requirements and fees below concern the certification or admission exam, separate from our free practice resources.
Questions
60 questions
Time Limit
1 hour
Passing Score
70%
Exam / Certification Fees
$40 PSI exam fee per attempt + $50–$100 DFS license fee (depends on license term)
Exam sponsor websiteReported exam pass rate: Not published. NY DFS and PSI do not publish a Series 17-62 pass rate Exam sponsor website
Fees, eligibility, and exam policies can change. Confirm them with the exam sponsor before applying or paying.
Our practice resources: topics covered
We aim to reflect publicly available exam outlines and topic information in our study resources. Coverage, format, and difficulty may differ from the actual exam, and we cannot guarantee that every detail is accurate or current. Confirm exam requirements, fees, and policies with the official exam sponsor.
Insurance Regulation
PA licensing (§ 2108), bond, CE, Regulation 10 (11 NYCRR Part 25) contract, fee, cancellation, records and direction-to-pay rules, discipline, Regulation 64 and § 2601, privacy (Reg 169), cybersecurity, 18 USC 1033-1034, and TRIA
Insurance Basics
Contract elements and characteristics, legal interpretations, insurable interest, hazards and perils, loss valuation methods, policy structure, and common policy provisions such as other insurance, coinsurance, vacancy, and mortgage clauses
Adjusting Losses
Role of the adjuster, insured's duties after loss, proof of loss, determining value and loss, settlement options, advance payments, releases, subrogation, appraisal and other dispute resolution, reservation of rights and non-waiver agreements
Dwelling Policy
DP basic, broad, and special forms, Coverages A-E, general exclusions, conditions, and endorsements including New York special provisions, automatic increase, broad theft, and dwelling under construction
Homeowners Policy
HO-2 through HO-6 and HO-8 forms, Section I coverages, perils, exclusions, conditions, and endorsements such as earthquake, scheduled personal property, personal property replacement cost, home business, and water backup
Commercial Package Policy
CPP components, commercial property forms and causes of loss, business income, commercial property endorsements, commercial inland marine, equipment breakdown, and farm coverage
Businessowners Policy
BOP eligibility, property coverages, causes of loss and exclusions, limits and deductibles, loss and general conditions, optional coverages, and protective safeguards and utility services endorsements
Other Coverages
National Flood Insurance Program, ocean marine insurance, aircraft hull, watercraft, and difference in conditions
Preparing for the NY Public Adjuster Exam
What You Need to Know
- Passing score: 70%
- Exam length: 60 questions
- Time limit: 1 hour
- Exam / certification fees: $40 PSI exam fee per attempt + $50–$100 DFS license fee (depends on license term) Official sources
Using Our Practice Resources
- Work through all 200 available questions
- Review every answer and explanation
- Track weak areas and revisit them
- Use our AI tutor for tough concepts
NY Public Adjuster: Suggested Study Strategy
Frequently Asked Questions
What is the New York public adjuster exam format and passing score?
The New York Public Adjuster examination (PSI Series 17-62) has 60 scored multiple-choice questions with a 1-hour time limit, and candidates must answer 70% correctly to pass. PSI may add a small number of unscored experimental questions. The exam is closed book.
What topics are on the New York Series 17-62 public adjuster exam?
PSI's content outline weights the exam as Insurance Regulation 8%, Insurance Basics 13%, Adjusting Losses 22%, Dwelling Policy 10%, Homeowners Policy 13%, Commercial Package Policy 10%, Businessowners Policy 14%, and Other Coverages (flood, ocean marine, and specialty policies) 10%.
What is the maximum fee a New York public adjuster may charge?
Under 11 NYCRR § 25.7 (Regulation 10), a public adjuster may not charge more than 12.5% of the recovery, computed on money the insurer pays after the adjuster is retained. On a supplemental claim, the fee may be up to 20% if the total fee does not exceed 12.5% of the full claim payment. Under § 25.8, the insured may cancel the compensation agreement until midnight of the third business day after signing.
What bond is required for a New York public adjuster license?
Under N.Y. Ins. Law § 2108(l), a public adjuster must file a $1,000 bond made to the State of New York, conditioned on faithful performance by the licensee and its sub-licensees. The State may recover the penal sum for fraudulent or dishonest practices or an arson conviction. Independent adjusters no longer file a bond.
What solicitation restrictions apply to New York public adjusters?
Under 11 NYCRR § 25.3(a), a public adjuster may not, between 6:00 p.m. and 8:00 a.m., directly or indirectly (including through a contractor) solicit the adjustment of a loss by personal interview, telephone, or any other method, or accept any order or contract to adjust a loss during those hours.
What are the prelicensing and continuing education requirements for New York public adjusters?
Applicants must complete 40 hours of DFS-approved prelicensing education or document one year of insurance experience in sales, underwriting, or claims on a Statement of Employer (Ins. Law § 2108(e)). Licensees must complete 15 CE credit hours during each full biennial licensing period, and excess hours do not carry forward (§ 2108(r)).
What is the difference between a public adjuster and an independent or company adjuster?
Under N.Y. Ins. Law § 2101(g)(2), a public adjuster acts for the insured in settling property loss claims, and § 2108(s)(1) requires the adjuster to act in the insured's best interests. Independent adjusters act for insurers and need their own license, while an insurer's regular salaried employees are excluded from the independent adjuster definition.