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NY Life Insurance Series 17-51 2026(NEW UPDATED VERSION) LATEST ACTUAL
EXAM QUESTIONS AND CORRECT ANSWERS (VERIFIED QUESTIONS AND
ANSWERS)- GUARANTEED PASS A+ UPDATED
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.
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.
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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.
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.
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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
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.
QUESTION : Adjuster 2108 - CORRECT ANSWER 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.
QUESTION : Nonresident 2101(d) - CORRECT ANSWER 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.
QUESTION : Nonresident 2101(e) - CORRECT ANSWER 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
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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.
QUESTION : Nonresident 2103(g)(5) - CORRECT ANSWER 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.
QUESTION : Nonresident 2103(g)(11) - CORRECT ANSWER 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.
QUESTION : Nonresident 2136 - Reciprocity - CORRECT ANSWER 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.
QUESTION : Business Entities 2101(p) - CORRECT ANSWER A business entity means a
corporation, association, partnership, limited liability company, limited liability partnership or other
legal entity.
practice exam 2026
NY Life Insurance Series 17-51 2026(NEW UPDATED VERSION) LATEST ACTUAL
EXAM QUESTIONS AND CORRECT ANSWERS (VERIFIED QUESTIONS AND
ANSWERS)- GUARANTEED PASS A+ UPDATED
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.
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.
practice exam 2026
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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.
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.
practice exam 2026
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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
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.
QUESTION : Adjuster 2108 - CORRECT ANSWER 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.
QUESTION : Nonresident 2101(d) - CORRECT ANSWER 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.
QUESTION : Nonresident 2101(e) - CORRECT ANSWER 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
practice exam 2026
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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.
QUESTION : Nonresident 2103(g)(5) - CORRECT ANSWER 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.
QUESTION : Nonresident 2103(g)(11) - CORRECT ANSWER 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.
QUESTION : Nonresident 2136 - Reciprocity - CORRECT ANSWER 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.
QUESTION : Business Entities 2101(p) - CORRECT ANSWER A business entity means a
corporation, association, partnership, limited liability company, limited liability partnership or other
legal entity.
practice exam 2026
