Getting a new york insurance adjuster license requires completing a few steps to apply for a resident license in your state.
new york requires an adjuster to successfully pass an exam before being licensed. To become an insurance adjuster in New York, simply complete the steps below to obtain your insurance adjuster license.
what kind of insurance adjuster will you be?
There are four main types of insurance adjusters: staff adjuster, independent adjuster, catastrophe adjuster, and public adjuster. strong > adjuster.
Each of these positions essentially performs the same task: to assess the property damage caused by an event and to make an assessment of the monetary value that the insurance claim should have.
The big difference between these different types of adjusters is who pays them and, in the case of the public adjuster, who they defend. personal, independent, and catastrophic adjusters require the same type of license, while a public adjuster license is slightly different in its specifications.
- personal adjuster: works directly for an insurance company
- independent adjuster: works for a third-party company that performs insurance adjuster work and is hired by an insurance company
- Catastrophe Adjuster (cat) – An independent adjuster who travels to an area that has been greatly affected by an event (usually severe weather) and performs mass claims adjuster services
- public adjuster: is an advocate for the insurance client, not the insurance company (requires a different type of license)
- The Independent Accident and Health Insurance Adjuster Licensing Examination consists of sixty (60) questions, and is (1:00) hour long. to complete it.
- The Independent Fire Adjuster Exam consists of sixty (60) questions and takes one hour (1:00) to complete.
- The Independent Accident Insurance Adjuster Licensing Examination consists of sixty (60) questions and takes one hour (1:00) to complete.
- The Independent Automobile Insurance Adjuster Licensing Examination consists of sixty (60) questions and takes one hour (1:00) to complete.
- The Independent Aviation Insurance Adjuster Licensing Examination consists of sixty (60) questions and takes one hour (1:00) to complete.
- The independent fidelity and surety adjuster license exam consists of sixty (60) questions, and you have one hour (1:00) to complete.
- The Independent Inland Marine Appraiser Licensing Examination consists of sixty (60) questions and takes one hour (1:00) to complete.
- The Independent General Adjuster Licensing Examination consists of one hundred (100) questions, and takes two hours (2:00) to complete.
- The Independent Auto Theft and Damage Adjuster Licensing Exam consists of sixty (60) questions and takes (1:00) one hour to complete.
- The No-Fault Independent Motor Vehicle and Workers’ Compensation Health Services Adjuster Licensing Exam consists of sixty (60) questions, and you have one hour (1:00 ) to complete it.
This article provides six easy steps on how to obtain a new york insurance adjuster license. These steps cover the application process for a standard insurance claims adjuster license (sometimes known as an independent adjuster license).
how to get your insurance adjuster license in new york
Getting your new york insurance adjuster license is a simple and easy process. follow these 6 easy steps to get started. Don’t forget to bookmark this page so you can refer back to it during the process.
step 1. pre-exam adjuster education
Preparing for this exam is not something to be taken lightly, as the average pass rate for insurance exams across the country is around 55% for first-time exam takers, and even less for subsequent attempts. we want you to pass the exam the first time you take it.
Studying for this test can take many different forms. the most common way to prepare is to take an online course of study. these courses are usually made up of video and text with short knowledge quizzes to make sure you have a comprehensive understanding.
A slightly more minimal approach would be to purchase a state-specific study guide. these guides give you all the information you need to pass the exam and maybe a little less expensive than a course. however, they are quite long and densely packed books, so make sure you are ready to tackle this task.
You should choose the method that best suits you. some people learn better from a book, while others take in information better through videos and short texts. remember, the goal is to pass the exam on the first try, so choose the best path to follow and study hard.
step 2. new york insurance adjuster license exam
The next step after completing all of your courses is to take and pass the New York Insurance Adjuster Licensing Exam. depending on the lines of authority you wish to exercise, you may need to take more than one exam.
This is a supervised test, which means you will be in a controlled environment with someone watching you. For people who have not tested in a situation like this, they should be aware of this fact and work to control their nerves before taking the test. When you arrive at the test site, you must have a photo ID and any other documents the test center has asked you to bring.
new york offers independent accident and health insurance adjuster line, independent fire adjuster line, independent accident insurance adjuster strong> line, independent automobile insurance adjuster line, independent aviation insurance adjuster line, >Independent fidelity and warranty adjuster, inland marine adjuster line, independent general adjuster line, independent damage appraisal adjuster line and auto theft and independent adjuster of health services for work accidents and motor vehicle no-fault line.
A summary of the subjects included for these exams can be found here: New York Psi Adjuster Licensing Exam Content Summary.
If you are not sure which lines you need to carry for your specific purposes, you can contact the licensing department at (518) 474-6630 or by email.
each attempt at the exam costs $33 and will be paid when you make your reservation.
A total score of 70% or higher is required to pass this exam. To further explain the exam score, we will quote from the New York Department of Financial Services Insurance Candidate Information Bulletin psi
Your score will be provided to you immediately upon completion of the exam. To pass the exam, you must obtain a minimum score of 70%.
Your results will be provided to you immediately upon completion of the exam.
– if you pass, you will receive an exam results report stating “passed”
– if you do not pass, you will receive a diagnostic report indicating your strengths and weaknesses”
The insurance license tests are intentionally difficult, but not impossible by any means. you should study to the point where you are comfortable with the information before attempting the exam. failing the exam is not the end of the world, but keep in mind that you will have to pay the fee every time you try to take the exam.
You can register to take your exams and find more information on the psi new york insurance page or by calling psi at (800) 733-9267.
step 3. fingerprinting and background check
new york state requires all insurance license applications to provide fingerprints prior to licensing. Giving your fingerprints will initiate a background check. If you have prior misdemeanors or felonies, this may affect the outcome of your licensing efforts. If you have specific questions about things that may come up on your background check, you can call the New York Department of Financial Services at (518) 474-6630 or email them. you must make your fingerprint reservations through identogo. when prompted to enter the code, use 1544s3. Appointments can be made on their website or by phone at (877) 472-6915.
the fee for fingerprinting services is $87.
At your fingerprinting appointment, you will not receive a fingerprint card. however, you will receive a receipt. do not throw away this receipt. you should make a copy of this receipt, as you will submit one in a later step.
Step 4. New York Bail Enforcement
A bond in the amount of $1,000 must be submitted with your application. must cover the license period from the date of issue to the expiration date.
step 5. new york insurance adjuster license application
once you have completed your exams and fingerprinting, you are now ready to apply for your license.the application fee is $100 for a full year, while $50 for half-year.
A “full year” is when your application date falls on any day in an odd year, while a “half year” is when your application date falls on any day in an even year.
Take 2019 (odd year) as an example, if you apply for a license on any day in 2019, its expiration date is December 31, 2020 (even year), so you would pay $100, the amount of a license fee. full year application. On the other hand, if you are applying for a license on any day in 2020 (even year), you will pay $50, the amount of the half-year application fee. your license will also expire on December 31, 2020.
To access the adjuster’s online application, visit the dfs portal. when supporting documentation is required, documentation must be uploaded with the online application.
You must email the Insurance Licensing Department for a paper application and instructions. Submit your application with your application fee check, bond documents, test results letter, and fingerprint receipt.
step 6. application review
Once you have submitted your application and completed all other requirements, the state will review your license application. this process generally takes around sixty to ninety (60-90) days. Depending on the results of your background check, the insurance department may request more information or documentation.
The department no longer sends out paper licenses. print the license as soon as it is issued. visit the producer/licensee search to determine if your license has been issued.
You did the work, put in the time and effort, and now you have the key to your own success! we are proud of you. take five (5) minutes and celebrate.
new york department of insurance contact information
new york state department of financial servicesone state streetnew york, new york 10004
phone: (518) 474-6630
new york insurance adjuster license frequently asked questions
how long does it take to become an insurance adjuster in new york?
In New York, the insurance adjuster licensing process can take anywhere from a few weeks to a few months (pre-exam education, pre-licensing exam, background check, license application, and application review). ). Follow the steps above to get your insurance license in New York.
Do I need a license to become an insurance adjuster?
Yes. Obtaining an insurance adjuster license allows you to increase your earning potential, increase your credibility, and qualify for advanced employment opportunities.
is it hard being an insurance adjuster?
Being an insurance adjuster can be a very rewarding role. In fact, insurance claims adjusters enjoy their work and report high levels of job satisfaction, depending on the pay scale.
How much do insurance adjusters make?
According to the Bureau of Labor Statistics, the most recent median annual salary for claims adjusters, examiners and investigators was $65,080. this was higher than the median salary for all occupations in May 2021, which was $45,760. top earners worked for the government, earning a median salary of $81,890.
If you want to work as a catastrophe adjuster (cat) in areas frequently affected by natural disasters (such as the gulf coast), you likely have greater earning and employment potential. For independent insurance adjusters who work on commission rather than salary, the high demand for claims adjusters in these areas can lead to a lot of business.
what skills are needed to be an insurance adjuster?
Insurance claims adjusters typically investigate insurance claims and travel to locations to inspect property (such as cars, buildings, etc.), assess damage, and take notes on repairs and costs. insurance adjusters deal a lot with people in high-stress situations, so you must have a professional demeanor at all times.
Due to the nature of the job, insurance claims adjusters must have excellent communication skills, write clearly, be comfortable with math and basic computer software, and have a flexible schedule, as they travel extensively to areas affected by disasters with irregular work. hours. insurance adjusters must have industry-specific knowledge to interpret contracts, determine insurance claim payments, and make recommendations on how the insurance company proceeds to settle the claim.
Do you need a degree to be an insurance adjuster?
You do not need a four-year degree to be licensed as an insurance adjuster. however, you will need to complete your education requirements or pass the new york insurance adjuster exam to be a licensed insurance adjuster.
One of the prerequisites to fulfilling your education requirements is completing a minimum number of hours of college-level insurance-related courses. If you’re working toward an associate’s or bachelor’s degree, you can take courses that align with the New York insurance adjuster license requirements.
The information on this page has been compiled from a multitude of sources and was last updated in July 2022.
the information on this site is not guaranteed or guaranteed to be correct, accurate or up-to-date. staterequirement and its members and affiliates are not responsible for any loss, monetary or otherwise. staterequirement is not affiliated with any state, government, or licensing agency. For more information, contact your state insurance authority.
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