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NY Life Insurance Series 17-51 (NEW UPDATED VERSION) LATEST ACTUAL EXAM
QUESTIONS AND CORRECT ANSWERS (VERIFIED QUESTIONS AND ANSWERS)-
GUARANTEED PASS A+ UPDATED 2026
NY Life Insurance Series 17-51 –
1. Exam Snapshot
Feature Details
Exam Name NY Life Insurance Agent/Broker
Series 17-51
Number of Questions 100
Time 2 hours
Passing Score 70%
Administered by PSI Testing Services
2. Core Exam Topics & Weight
Topic Key Points
NY licensing requirements, prohibited practices, DFS regulations, ethical
Insurance Regulation & Law
conduct
Term, whole, universal, variable; insurable interest; policy uses &
Life Insurance Basics
benefits
Policy Provisions & Options Riders, endorsements, settlement options, conversion, beneficiary rules
Underwriting & Risk
Medical/financial evaluation, risk classes, premium rating
Classification
Premium calculation, cash value, dividends, loans, annuities, tax
Premiums, Benefits & Taxation
treatment
Professional behavior, honesty, disclosure, avoiding
Ethics & Producer Conduct
misrepresentation/fraud
practice exam 2026
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3. Licensing Process (NY)
1. Pre-Licensing Education – ~40 hours required before exam.
2. Schedule Exam – Through PSI (test centers or online).
3. Pass Exam – Score ≥ 70%.
4. Apply for License – NYDFS: application + fees + fingerprinting.
5. Maintain License – Continuing Education (CE) every 2 years.
4. Quick Study Tips
• Focus on NY-specific laws – DFS rules, prohibited practices, agent responsibilities.
• Understand policy types & features – term vs. whole vs. universal vs. variable.
• Practice calculations – premiums, cash value, death benefits.
• Memorize key policy provisions – grace period, incontestability, beneficiary rules.
• Ethics matters – many questions are situational; always choose honesty & full
disclosure.
5. Series Numbers for Reference
Series Line
17-51 Life Insurance
17-52 Accident & Health
17-55 Life + Health Combined
Process 2103 (d-i) - CORRECT ANSWER 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.
QUESTION : Producer Definition (2101(k)) - CORRECT ANSWER 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.
practice exam 2026
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QUESTION : Who Should be Licensed (2101(k)(1)) - CORRECT ANSWER 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.
QUESTION : Home State (2101(l)) - CORRECT ANSWER 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.
QUESTION : Negotiate (2101(m)) - CORRECT ANSWER 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.
QUESTION : Sell (2101(n)) - CORRECT ANSWER 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.
QUESTION : Solicit (2101(o)) - - CORRECT ANSWER 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.
practice exam 2026
, 4|Page
QUESTION : Agent 2101(a) - CORRECT ANSWER 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.
QUESTION : Agent 2101(k) - CORRECT ANSWER 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).
QUESTION : Brokers 2101(c) - CORRECT ANSWER 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.
QUESTION : Brokers 2101(h) - CORRECT ANSWER any licensed attorney at law of this state.
QUESTION : Consultants (2107) - CORRECT ANSWER 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.
QUESTION : Adjuster 2101(g) - CORRECT ANSWER 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
practice exam 2026
NY Life Insurance Series 17-51 (NEW UPDATED VERSION) LATEST ACTUAL EXAM
QUESTIONS AND CORRECT ANSWERS (VERIFIED QUESTIONS AND ANSWERS)-
GUARANTEED PASS A+ UPDATED 2026
NY Life Insurance Series 17-51 –
1. Exam Snapshot
Feature Details
Exam Name NY Life Insurance Agent/Broker
Series 17-51
Number of Questions 100
Time 2 hours
Passing Score 70%
Administered by PSI Testing Services
2. Core Exam Topics & Weight
Topic Key Points
NY licensing requirements, prohibited practices, DFS regulations, ethical
Insurance Regulation & Law
conduct
Term, whole, universal, variable; insurable interest; policy uses &
Life Insurance Basics
benefits
Policy Provisions & Options Riders, endorsements, settlement options, conversion, beneficiary rules
Underwriting & Risk
Medical/financial evaluation, risk classes, premium rating
Classification
Premium calculation, cash value, dividends, loans, annuities, tax
Premiums, Benefits & Taxation
treatment
Professional behavior, honesty, disclosure, avoiding
Ethics & Producer Conduct
misrepresentation/fraud
practice exam 2026
,2|Page
3. Licensing Process (NY)
1. Pre-Licensing Education – ~40 hours required before exam.
2. Schedule Exam – Through PSI (test centers or online).
3. Pass Exam – Score ≥ 70%.
4. Apply for License – NYDFS: application + fees + fingerprinting.
5. Maintain License – Continuing Education (CE) every 2 years.
4. Quick Study Tips
• Focus on NY-specific laws – DFS rules, prohibited practices, agent responsibilities.
• Understand policy types & features – term vs. whole vs. universal vs. variable.
• Practice calculations – premiums, cash value, death benefits.
• Memorize key policy provisions – grace period, incontestability, beneficiary rules.
• Ethics matters – many questions are situational; always choose honesty & full
disclosure.
5. Series Numbers for Reference
Series Line
17-51 Life Insurance
17-52 Accident & Health
17-55 Life + Health Combined
Process 2103 (d-i) - CORRECT ANSWER 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.
QUESTION : Producer Definition (2101(k)) - CORRECT ANSWER 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.
practice exam 2026
,3|Page
QUESTION : Who Should be Licensed (2101(k)(1)) - CORRECT ANSWER 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.
QUESTION : Home State (2101(l)) - CORRECT ANSWER 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.
QUESTION : Negotiate (2101(m)) - CORRECT ANSWER 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.
QUESTION : Sell (2101(n)) - CORRECT ANSWER 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.
QUESTION : Solicit (2101(o)) - - CORRECT ANSWER 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.
practice exam 2026
, 4|Page
QUESTION : Agent 2101(a) - CORRECT ANSWER 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.
QUESTION : Agent 2101(k) - CORRECT ANSWER 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).
QUESTION : Brokers 2101(c) - CORRECT ANSWER 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.
QUESTION : Brokers 2101(h) - CORRECT ANSWER any licensed attorney at law of this state.
QUESTION : Consultants (2107) - CORRECT ANSWER 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.
QUESTION : Adjuster 2101(g) - CORRECT ANSWER 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
practice exam 2026
