New York PI Exam 2 final update Questions and Answers |With 100% Verified Solutions | Updated & Verified 2026/2027 Graded A+

New York PI Exam 2 final update
Questions and Answers |With 100%
Verified Solutions | Updated & Verified
2026/2027 Graded A+




Who has the power to enforce the provisions of the
PI licensing law? - ✔✔ANSWER ✔✔-The Secretary
of State


Who regulates PI's in NY? - ✔✔ANSWER ✔✔-The
Department of State, Division of Licensing

,What type of crime is operating as a PI without a
license? - ✔✔ANSWER ✔✔-Class B Misdemeanor


A corporation's PI license can be revoked if ___% or
more of the corporate stock is held by a person who
cannot meet the character standard set for an
individual PI license. - ✔✔ANSWER ✔✔-10


Is a licensee obliged to supply their books or records
to the State upon State Request? - ✔✔ANSWER
✔✔-Yes


What is the term of a PI license? - ✔✔ANSWER ✔✔-
2 years


What is the cost of an Individual PI license? -
✔✔ANSWER ✔✔-$400

,What is the cost of a Corporate PI license? -
✔✔ANSWER ✔✔-$500


Is a PI required to be bonded? - ✔✔ANSWER ✔✔-
yes


Is a PI required to be insured? - ✔✔ANSWER ✔✔-
No


What is the surety bond required of a PI? -
✔✔ANSWER ✔✔-$10,000


If a NY PI license is to be issued to a non-resident,
what must the applicant file a written consent to? -
✔✔ANSWER ✔✔-Consent to the jurisdiction of the
courts of NY in any case or cases arising from PI
services within NY state

, No PI license shall be issued to a person under the
age of ___. - ✔✔ANSWER ✔✔-25


What is the fee to take the exam that you need to
pass to qualify for a PI application? - ✔✔ANSWER
✔✔-$15


Can a NY PI license be issued to a person convicted
of a felony? - ✔✔ANSWER ✔✔-No


Are there any misdemeanor convictions that will
not allow a person to be issued a NY PI license? -
✔✔ANSWER ✔✔-Yes


Are a list of the applicant names and business
addresses of all pending PI applications posted for
public view? - ✔✔ANSWER ✔✔-Yes