What is the amount of bond that must be posted to obtain an adjuster's license?

Study for the New York General Adjuster 10-70 Test. Prepare with flashcards and multiple choice questions, each with explanations. Ace your exam!

To obtain a general adjuster's license in New York, a bond in the amount of $1,000 must be posted. This requirement is in place to ensure that the adjuster adheres to the legal and ethical standards expected in their practice. The bond serves as a form of protection for consumers and the state, demonstrating the adjuster's commitment to fulfilling their obligations and responsibilities associated with handling insurance claims.

The other amounts mentioned do not align with the current licensing requirements set forth by New York State regulations for adjusters. Therefore, the correct bond amount reflects the legal stipulation pertinent to general adjuster's licensing.

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