04/08/2025, 09:44 NY Life, Accident, and Health Insurance Agent/Broker EXAM comprehensive questions and verified accurate solution (detailed & e…
NY Life, Accident, and Health Insurance
Agent/Broker EXAM comprehensive questions
and verified accurate solution (detailed &
elaborated) 2025 TEST!!
Save
Terms in this set (199)
1. 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.
Process 2103 (d-i) 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.
An insurance producer means an insurance agent,
insurance broker, reinsurance intermediary, excess
Producer Definition
lines broker, or any other person required to be
(2101(k))
licensed under the insurance laws of this state to sell,
solicit or negotiate insurance.
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,04/08/2025, 09:44 NY Life, Accident, and Health Insurance Agent/Broker EXAM comprehensive questions and verified accurate solution (detailed & e…
1. The term "insurance producer" does not include: An
officer, director or employee of a licensed insurer,
fraternal benefit society or health maintenance
organization or of a licensed insurance producer,
provided that the officer, director or employee does
not receive any commission on policies written or
sold to insure risks residing, located or to be
performed in this state and:
(a) the officer, director or employee's activities are
executive, administrative, managerial, clerical or a
Who Should be Licensed combination of these, and are only indirectly related
(2101(k)(1)) to the sale, solicitation or negotiation of insurance;
(b) the officer, director or employee's function relates
to underwriting, loss control, Inspection or the
processing, adjusting, investigating or settling of a
claim on a contract of Insurance; or (c) the officer,
director or employee is acting in the capacity of a
special agent or agency supervisor assisting licensed
insurance producers where the person's activities are
limited to providing technical advice and assistance to
licensed insurance producers and do not include the
sale, solicitation or negotiation of insurance.
Home state means the District of Columbia or any
state or territory of the United States in which an
Home State (2101(l)) insurance producer maintains his, her or its principal
place of residence or principal place of business and
is licensed to act as an insurance producer.
Negotiate or negotiation means the act of conferring
directly with or offering advice directly to a purchaser
or prospective purchaser of a particular contract of
insurance concerning any of the substantive benefits,
Negotiate (2101(m)) terms or conditions of the contract, provided that the
person engaged in that act either sells insurance or
obtains insurance from licensed insurers, fraternal
benefit societies or health maintenance organizations
for purchasers.
https://quizlet.com/1063781531/ny-life-accident-and-health-insurance-agentbroker-exam-comprehensive-questions-and-verified-accurate-solution-det… 2/94
,04/08/2025, 09:44 NY Life, Accident, and Health Insurance Agent/Broker EXAM comprehensive questions and verified accurate solution (detailed & e…
Sell or sale means to exchange a contract of
insurance by any means, for money or its equivalent,
Sell (2101(n))
on behalf of a licensed insurer, fraternal benefit
society or health maintenance organization.
Solicit or solicitation means attempting to sell
insurance or asking or urging a person to apply for a
Solicit (2101(o)) - particular kind of insurance from a particular licensed
insurer, fraternal benefit society or health
maintenance organization.
In this section, insurance agent means any authorized
or acknowledged agent of an insurer, fraternal benefit
society or health maintenance organization issued a
certificate of authority pursuant to the public health
Agent 2101(a) law, and any sub-agent or other representative of
such an agent, who acts as such in the solicitation of,
negotiation for, or sale of, an insurance, health
maintenance organization or annuity contract, other
than as a licensed insurance broker.
insurance producer means an insurance agent,
insurance broker, reinsurance intermediary, excess
lines broker, or any other person required to be
licensed under the insurance laws of this state to sell,
solicit or negotiate insurance.
Agent 2101(k)
The applicant must be at least 18 years of age at the
time of license issuance.
An examination is required for each applicant, except
where noted for applicants with a change in residency
moving to New York (see code 2103 below).
a licensed insurance representative who does not
represent a specific insurance company, but places
Brokers 2101(c) business among various companies. Legally, the
broker is usually regarded as a representative of the
insured rather than the insuring company.
Brokers 2101(h) any licensed attorney at law of this state.
https://quizlet.com/1063781531/ny-life-accident-and-health-insurance-agentbroker-exam-comprehensive-questions-and-verified-accurate-solution-det… 3/94
, 04/08/2025, 09:44 NY Life, Accident, and Health Insurance Agent/Broker EXAM comprehensive questions and verified accurate solution (detailed & e…
The Superintendent may issue an insurance
consultant's license to any person, firm, association or
corporation who or which has complied with the
requirements of this chapter with respect to either: life
insurance, meaning all of those kinds of insurance
authorized. Any such license issued to a firm or
Consultants (2107) association shall authorize only the members of such
firm or association named in such license as sub-
licensees to act individually as consultants there
under, and any such license issued to a corporation
shall authorize only the officers and directors thereof
named in such license as sub-licensees to act
individually as consultants there under.
The Superintendent may, in his discretion require an
applicant for a license under this section to present
evidence, in such form as he prescribes, that such
applicant has been employed, for a period which he
deems reasonable, by an insurer, an independent
adjuster or a public adjuster, in the performance of
duties which in his opinion would provide the
applicant with a satisfactory preliminary training for
the duties and responsibilities which would evolve
upon him as a licensee under this section. The term
Adjuster 2101(g) independent adjuster means any person, firm,
association or corporation who for money,
commission or any other thing of value, acts in this
state on behalf of an insurer in the work of
investigating and adjusting claims arising under
insurance contracts issued by such insurer and who
performs such duties required by such insurer as are
incidental to such claims and also includes any person
who for compensation or anything of value
investigates and adjusts claims on behalf of any
independent adjuster.
https://quizlet.com/1063781531/ny-life-accident-and-health-insurance-agentbroker-exam-comprehensive-questions-and-verified-accurate-solution-det… 4/94
NY Life, Accident, and Health Insurance
Agent/Broker EXAM comprehensive questions
and verified accurate solution (detailed &
elaborated) 2025 TEST!!
Save
Terms in this set (199)
1. 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.
Process 2103 (d-i) 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.
An insurance producer means an insurance agent,
insurance broker, reinsurance intermediary, excess
Producer Definition
lines broker, or any other person required to be
(2101(k))
licensed under the insurance laws of this state to sell,
solicit or negotiate insurance.
https://quizlet.com/1063781531/ny-life-accident-and-health-insurance-agentbroker-exam-comprehensive-questions-and-verified-accurate-solution-det… 1/94
,04/08/2025, 09:44 NY Life, Accident, and Health Insurance Agent/Broker EXAM comprehensive questions and verified accurate solution (detailed & e…
1. The term "insurance producer" does not include: An
officer, director or employee of a licensed insurer,
fraternal benefit society or health maintenance
organization or of a licensed insurance producer,
provided that the officer, director or employee does
not receive any commission on policies written or
sold to insure risks residing, located or to be
performed in this state and:
(a) the officer, director or employee's activities are
executive, administrative, managerial, clerical or a
Who Should be Licensed combination of these, and are only indirectly related
(2101(k)(1)) to the sale, solicitation or negotiation of insurance;
(b) the officer, director or employee's function relates
to underwriting, loss control, Inspection or the
processing, adjusting, investigating or settling of a
claim on a contract of Insurance; or (c) the officer,
director or employee is acting in the capacity of a
special agent or agency supervisor assisting licensed
insurance producers where the person's activities are
limited to providing technical advice and assistance to
licensed insurance producers and do not include the
sale, solicitation or negotiation of insurance.
Home state means the District of Columbia or any
state or territory of the United States in which an
Home State (2101(l)) insurance producer maintains his, her or its principal
place of residence or principal place of business and
is licensed to act as an insurance producer.
Negotiate or negotiation means the act of conferring
directly with or offering advice directly to a purchaser
or prospective purchaser of a particular contract of
insurance concerning any of the substantive benefits,
Negotiate (2101(m)) terms or conditions of the contract, provided that the
person engaged in that act either sells insurance or
obtains insurance from licensed insurers, fraternal
benefit societies or health maintenance organizations
for purchasers.
https://quizlet.com/1063781531/ny-life-accident-and-health-insurance-agentbroker-exam-comprehensive-questions-and-verified-accurate-solution-det… 2/94
,04/08/2025, 09:44 NY Life, Accident, and Health Insurance Agent/Broker EXAM comprehensive questions and verified accurate solution (detailed & e…
Sell or sale means to exchange a contract of
insurance by any means, for money or its equivalent,
Sell (2101(n))
on behalf of a licensed insurer, fraternal benefit
society or health maintenance organization.
Solicit or solicitation means attempting to sell
insurance or asking or urging a person to apply for a
Solicit (2101(o)) - particular kind of insurance from a particular licensed
insurer, fraternal benefit society or health
maintenance organization.
In this section, insurance agent means any authorized
or acknowledged agent of an insurer, fraternal benefit
society or health maintenance organization issued a
certificate of authority pursuant to the public health
Agent 2101(a) law, and any sub-agent or other representative of
such an agent, who acts as such in the solicitation of,
negotiation for, or sale of, an insurance, health
maintenance organization or annuity contract, other
than as a licensed insurance broker.
insurance producer means an insurance agent,
insurance broker, reinsurance intermediary, excess
lines broker, or any other person required to be
licensed under the insurance laws of this state to sell,
solicit or negotiate insurance.
Agent 2101(k)
The applicant must be at least 18 years of age at the
time of license issuance.
An examination is required for each applicant, except
where noted for applicants with a change in residency
moving to New York (see code 2103 below).
a licensed insurance representative who does not
represent a specific insurance company, but places
Brokers 2101(c) business among various companies. Legally, the
broker is usually regarded as a representative of the
insured rather than the insuring company.
Brokers 2101(h) any licensed attorney at law of this state.
https://quizlet.com/1063781531/ny-life-accident-and-health-insurance-agentbroker-exam-comprehensive-questions-and-verified-accurate-solution-det… 3/94
, 04/08/2025, 09:44 NY Life, Accident, and Health Insurance Agent/Broker EXAM comprehensive questions and verified accurate solution (detailed & e…
The Superintendent may issue an insurance
consultant's license to any person, firm, association or
corporation who or which has complied with the
requirements of this chapter with respect to either: life
insurance, meaning all of those kinds of insurance
authorized. Any such license issued to a firm or
Consultants (2107) association shall authorize only the members of such
firm or association named in such license as sub-
licensees to act individually as consultants there
under, and any such license issued to a corporation
shall authorize only the officers and directors thereof
named in such license as sub-licensees to act
individually as consultants there under.
The Superintendent may, in his discretion require an
applicant for a license under this section to present
evidence, in such form as he prescribes, that such
applicant has been employed, for a period which he
deems reasonable, by an insurer, an independent
adjuster or a public adjuster, in the performance of
duties which in his opinion would provide the
applicant with a satisfactory preliminary training for
the duties and responsibilities which would evolve
upon him as a licensee under this section. The term
Adjuster 2101(g) independent adjuster means any person, firm,
association or corporation who for money,
commission or any other thing of value, acts in this
state on behalf of an insurer in the work of
investigating and adjusting claims arising under
insurance contracts issued by such insurer and who
performs such duties required by such insurer as are
incidental to such claims and also includes any person
who for compensation or anything of value
investigates and adjusts claims on behalf of any
independent adjuster.
https://quizlet.com/1063781531/ny-life-accident-and-health-insurance-agentbroker-exam-comprehensive-questions-and-verified-accurate-solution-det… 4/94
