NY Life, Accident, and Health Insurance Agent/Broker
Exam Series 17-55 COMPLETE QUESTIONS AND
ANSWERS | ALREADY PASSED | 2025 LATEST!!
Process 2103 (d-i) - (answers)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. 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.
Producer Definition (2101(k)) - (answers)An 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.
Who Should be Licensed (2101(k)(1)) - (answers)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
combination of these, and are only indirectly related 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 (2101(l)) - (answers)Home state means the District of Columbia or any state or territory of
the United States in which an 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 (2101(m)) - (answers)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, 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.
Sell (2101(n)) - (answers)Sell or sale means to exchange a contract of insurance by any means, for
money or its equivalent, on behalf of a licensed insurer, fraternal benefit society or health maintenance
organization.
Solicit (2101(o)) - - (answers)Solicit or solicitation means attempting to sell insurance or asking or urging
a person to apply for a particular kind of insurance from a particular licensed insurer, fraternal benefit
society or health maintenance organization.
Agent 2101(a) - (answers)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 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.
Agent 2101(k) - (answers)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.
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).
Brokers 2101(c) - (answers)a licensed insurance representative who does not represent a specific
insurance company, but places business among various companies. Legally, the broker is usually
regarded as a representative of the insured rather than the insuring company.
Brokers 2101(h) - (answers)any licensed attorney at law of this state.
,Consultants (2107) - (answers)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 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.
Adjuster 2101(g) - (answers)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 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.
Adjuster 2108 - (answers)Adjusters will be licensed as either independent adjusters, or as public
adjusters. The Superintendent may prescribe the types of independent adjusters' licenses according to
the kind or kinds of insurance claims which the licensee is to be authorized to investigate and adjust. No
adjuster may act on behalf of an insurer unless licensed as an independent adjuster, and no adjuster
may act on behalf of an insured unless licensed as a public adjuster. A public adjuster works on behalf of
the insured for a fee.
Nonresident 2101(d) - (answers)In 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) - (answers)In 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) - (answers)In 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) - (answers)No 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 - (answers)The 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) - (answers)A business entity means a corporation, association, partnership,
limited liability company, limited liability partnership or other legal entity.
Exam Series 17-55 COMPLETE QUESTIONS AND
ANSWERS | ALREADY PASSED | 2025 LATEST!!
Process 2103 (d-i) - (answers)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. 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.
Producer Definition (2101(k)) - (answers)An 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.
Who Should be Licensed (2101(k)(1)) - (answers)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
combination of these, and are only indirectly related 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 (2101(l)) - (answers)Home state means the District of Columbia or any state or territory of
the United States in which an 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 (2101(m)) - (answers)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, 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.
Sell (2101(n)) - (answers)Sell or sale means to exchange a contract of insurance by any means, for
money or its equivalent, on behalf of a licensed insurer, fraternal benefit society or health maintenance
organization.
Solicit (2101(o)) - - (answers)Solicit or solicitation means attempting to sell insurance or asking or urging
a person to apply for a particular kind of insurance from a particular licensed insurer, fraternal benefit
society or health maintenance organization.
Agent 2101(a) - (answers)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 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.
Agent 2101(k) - (answers)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.
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).
Brokers 2101(c) - (answers)a licensed insurance representative who does not represent a specific
insurance company, but places business among various companies. Legally, the broker is usually
regarded as a representative of the insured rather than the insuring company.
Brokers 2101(h) - (answers)any licensed attorney at law of this state.
,Consultants (2107) - (answers)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 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.
Adjuster 2101(g) - (answers)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 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.
Adjuster 2108 - (answers)Adjusters will be licensed as either independent adjusters, or as public
adjusters. The Superintendent may prescribe the types of independent adjusters' licenses according to
the kind or kinds of insurance claims which the licensee is to be authorized to investigate and adjust. No
adjuster may act on behalf of an insurer unless licensed as an independent adjuster, and no adjuster
may act on behalf of an insured unless licensed as a public adjuster. A public adjuster works on behalf of
the insured for a fee.
Nonresident 2101(d) - (answers)In 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) - (answers)In 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) - (answers)In 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) - (answers)No 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 - (answers)The 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) - (answers)A business entity means a corporation, association, partnership,
limited liability company, limited liability partnership or other legal entity.
