NY Life, Accident & Health Insurance Agent/Broker Exam
Series 17-55 (2026) – Comprehensive Questions &
Answers, New York Insurance Laws, Licensing
Requirements, Policy Concepts & Exam Preparation |
Grade A Success
Question and answer
Process 2103 (d-i) CORRECT ANSWER1. The Superintendent
may issue a license to any person, firm or corporation who has
complied with the requirements of the Insurance Code,
authorizing the licensee to act as agent of any authorized
insurer. Every individual applicant for a license under this
section and every proposed sub-licensee must be 18 years of
age or older at the time of issuance of such license. The
person must submit to and pass a written examination required
by the Superintendent.
,Nonresident 2101(d) CORRECT ANSWERIn this section, non-
resident insurance agent means an individual who is a non-
resident of this state and who is licensed or authorized to act
as an insurance agent in the state in which he resides, or in
which he or the firm or association of which he is a member or
employee, or the corporation, of which he is an officer, director,
or employee maintains an office as an insurance agent.
Nonresident 2101(e) CORRECT ANSWERIn this section,
"non-resident insurance broker", means an individual who is a
non-resident of this state and who is licensed or authorized to
act as an insurance broker in the state in which he resides, or
in which he, or the firm or association of which he is a member
or employee, or the corporation, of which he is an officer,
director or employee maintains an office as an insurance
broker.
Nonresident 2103(g)(5) CORRECT ANSWERIn the discretion
of the Superintendent, no written insurance examination will be
required of any individual seeking to be named as a licensee or
sub-licensee who is a non-resident insurance agent.
Nonresident 2103(g)(11) CORRECT ANSWERNo written
insurance examination will be required of any individual who
, applies for an insurance agent license in this state who was
previously licensed for the same line or lines of authority in
another state, provided, however, that the applicant's home
state grants non-resident licenses to residents of this state on
the same basis. Such individual shall also not be required to
complete any prelicensing education. This exemption is only
available if the person is currently licensed in that state or if the
application is received within 90 days of the date of
cancellation of the applicant's previous license and if the prior
state issues a certification that, at the time of cancellation, the
applicant was in good standing in that state or the state's
producer database records, maintained by the National
Association of Insurance Commissioners, its affiliates or
subsidiaries indicate that the producer is or was licensed in
good standing for the line of authority requested. An individual
or entity licensed in another state that moves to this state must
make an application within 90 days of establishing legal
residence to become a resident licensee. No prelicensing
education or examination will be required of that person to
obtain any line of authority previously held in the prior state
except where the Superintendent determines otherwise by
regulation.
, Nonresident 2136 - Reciprocity CORRECT ANSWERThe
Superintendent shall waive any requirements for a nonresident
license applicant otherwise applicable under this chapter if:
(a) the applicant has a current and valid license in his or her
home state and is in good standing in his or her home state;
(b) the applicant has submitted a completed application in the
form prescribed by the Superintendent or submitted the
application for licensure submitted to his or her home state;
(c) the applicant has paid the fees required by this chapter; and
(d) the applicant's home state awards nonresident insurance
producer licenses to residents of this state on the same basis
as provided in this subsection.
Business Entities 2101(p) CORRECT ANSWERA business
entity means a corporation, association, partnership, limited
liability company, limited liability partnership or other legal
entity.
Business Entities 2103(e) CORRECT ANSWERBefore any
original insurance agent's license is issued to a business entity,
there must be on file in the office of the Superintendent an
application by the prospective licensee in such form or forms
and supplements, and containing information the
Series 17-55 (2026) – Comprehensive Questions &
Answers, New York Insurance Laws, Licensing
Requirements, Policy Concepts & Exam Preparation |
Grade A Success
Question and answer
Process 2103 (d-i) CORRECT ANSWER1. The Superintendent
may issue a license to any person, firm or corporation who has
complied with the requirements of the Insurance Code,
authorizing the licensee to act as agent of any authorized
insurer. Every individual applicant for a license under this
section and every proposed sub-licensee must be 18 years of
age or older at the time of issuance of such license. The
person must submit to and pass a written examination required
by the Superintendent.
,Nonresident 2101(d) CORRECT ANSWERIn this section, non-
resident insurance agent means an individual who is a non-
resident of this state and who is licensed or authorized to act
as an insurance agent in the state in which he resides, or in
which he or the firm or association of which he is a member or
employee, or the corporation, of which he is an officer, director,
or employee maintains an office as an insurance agent.
Nonresident 2101(e) CORRECT ANSWERIn this section,
"non-resident insurance broker", means an individual who is a
non-resident of this state and who is licensed or authorized to
act as an insurance broker in the state in which he resides, or
in which he, or the firm or association of which he is a member
or employee, or the corporation, of which he is an officer,
director or employee maintains an office as an insurance
broker.
Nonresident 2103(g)(5) CORRECT ANSWERIn the discretion
of the Superintendent, no written insurance examination will be
required of any individual seeking to be named as a licensee or
sub-licensee who is a non-resident insurance agent.
Nonresident 2103(g)(11) CORRECT ANSWERNo written
insurance examination will be required of any individual who
, applies for an insurance agent license in this state who was
previously licensed for the same line or lines of authority in
another state, provided, however, that the applicant's home
state grants non-resident licenses to residents of this state on
the same basis. Such individual shall also not be required to
complete any prelicensing education. This exemption is only
available if the person is currently licensed in that state or if the
application is received within 90 days of the date of
cancellation of the applicant's previous license and if the prior
state issues a certification that, at the time of cancellation, the
applicant was in good standing in that state or the state's
producer database records, maintained by the National
Association of Insurance Commissioners, its affiliates or
subsidiaries indicate that the producer is or was licensed in
good standing for the line of authority requested. An individual
or entity licensed in another state that moves to this state must
make an application within 90 days of establishing legal
residence to become a resident licensee. No prelicensing
education or examination will be required of that person to
obtain any line of authority previously held in the prior state
except where the Superintendent determines otherwise by
regulation.
, Nonresident 2136 - Reciprocity CORRECT ANSWERThe
Superintendent shall waive any requirements for a nonresident
license applicant otherwise applicable under this chapter if:
(a) the applicant has a current and valid license in his or her
home state and is in good standing in his or her home state;
(b) the applicant has submitted a completed application in the
form prescribed by the Superintendent or submitted the
application for licensure submitted to his or her home state;
(c) the applicant has paid the fees required by this chapter; and
(d) the applicant's home state awards nonresident insurance
producer licenses to residents of this state on the same basis
as provided in this subsection.
Business Entities 2101(p) CORRECT ANSWERA business
entity means a corporation, association, partnership, limited
liability company, limited liability partnership or other legal
entity.
Business Entities 2103(e) CORRECT ANSWERBefore any
original insurance agent's license is issued to a business entity,
there must be on file in the office of the Superintendent an
application by the prospective licensee in such form or forms
and supplements, and containing information the
