NY LIFE ACCIDENT AND HEALTH
INSURANCE AGENT BROKER EXAM SERIES
17-55 TEST BANK 2026 UPDATED 200
QUESTIONS AND ANSWERS GRADED A
⩥ In the insurance transaction, the Agent represents the interests of the:
A. The insurer
B. The insured
C. The client
D. None of the above. Answer: Answer: A. The insurer
The agent always represents the insurer and has the primary duty to their
company.
⩥ A temporary Insurance license can be issued to which of the following
upon the death of an agent?
A. Next of kin
B. A spouse
C. A only
D. Both A and B. Answer: Answer: D. Both A and B
,A temporary license can be issued to either the next of kin or a spouse
for a 90 day period, after which is renewable for up to 15 months.
⩥ A temporary Insurance license is initially issued for what period of
time before renewal?
A. 60 days
B. 15 days
C. 90 days
D. 30 days. Answer: Answer: C. 90 days
A temporary license can be issued for a 90 day period, after which is
renewable for up to 15 months.
⩥ If a licensee has legally changed their name, they should notify the
Superintendent's office of the legal change in name within:
A. 45 days
B. 30 days
C. 60 days
D. The office does not need to be notified. Answer: Answer: B. 30 days
,The Superintendent's office must be notified as soon as possible, but
within 30 days, of any change of name or address of a licensee.
⩥ Renewal of a producer's license should take place:
A. Every two years on odd numbered years on one's birth date
B. Every two years on even numbered years on one's birth date
C. Every two years on odd or even numbered years on one's birth date,
depending on the year the licensee was born
D. When the Superintendent's office notifies you of your renewal date.
Answer: Answer: C. Every two years on odd of even numbered years on
one's birth date, depending on the year the licensee was born
License renewals occur on both odd and even numbered years, which is
different for each licensee. The Superintendent's office will not notify a
licensee that is coming up on their renewal.
⩥ A successful renewal of one's insurance license in a 2 year renewal
period requires completing:
A. Paying a renewal fee only
B. Paying a renewal fee and completing 18 credit hours of Continuing
Education (CE)
C. Completing 15 credit hours of CE only
, D. Completing 15 credit hours of CE and paying a renewal fee. Answer:
Answer: D. Completing 15 credit hours of CE and paying a renewal fee
CE must be approved by the DFS.
⩥ A domestic insurer will be examined/audited by the State Insurance
Department at least once:
A. In every 3 year period
B. In every 5 year period
C. A year
D. Domestic companies are only examined if the Superintendent's office
deems it necessary. Answer: Answer: B. In every 5 year period
Every insurer is required to submit their books at least once every 5
years to be examined or audited, and must keep their books and records
for at least 6 years.
⩥ A domestic insurer must keep certain records on file for at least:
A. 5 years
B. 6 years
C. 2 years
INSURANCE AGENT BROKER EXAM SERIES
17-55 TEST BANK 2026 UPDATED 200
QUESTIONS AND ANSWERS GRADED A
⩥ In the insurance transaction, the Agent represents the interests of the:
A. The insurer
B. The insured
C. The client
D. None of the above. Answer: Answer: A. The insurer
The agent always represents the insurer and has the primary duty to their
company.
⩥ A temporary Insurance license can be issued to which of the following
upon the death of an agent?
A. Next of kin
B. A spouse
C. A only
D. Both A and B. Answer: Answer: D. Both A and B
,A temporary license can be issued to either the next of kin or a spouse
for a 90 day period, after which is renewable for up to 15 months.
⩥ A temporary Insurance license is initially issued for what period of
time before renewal?
A. 60 days
B. 15 days
C. 90 days
D. 30 days. Answer: Answer: C. 90 days
A temporary license can be issued for a 90 day period, after which is
renewable for up to 15 months.
⩥ If a licensee has legally changed their name, they should notify the
Superintendent's office of the legal change in name within:
A. 45 days
B. 30 days
C. 60 days
D. The office does not need to be notified. Answer: Answer: B. 30 days
,The Superintendent's office must be notified as soon as possible, but
within 30 days, of any change of name or address of a licensee.
⩥ Renewal of a producer's license should take place:
A. Every two years on odd numbered years on one's birth date
B. Every two years on even numbered years on one's birth date
C. Every two years on odd or even numbered years on one's birth date,
depending on the year the licensee was born
D. When the Superintendent's office notifies you of your renewal date.
Answer: Answer: C. Every two years on odd of even numbered years on
one's birth date, depending on the year the licensee was born
License renewals occur on both odd and even numbered years, which is
different for each licensee. The Superintendent's office will not notify a
licensee that is coming up on their renewal.
⩥ A successful renewal of one's insurance license in a 2 year renewal
period requires completing:
A. Paying a renewal fee only
B. Paying a renewal fee and completing 18 credit hours of Continuing
Education (CE)
C. Completing 15 credit hours of CE only
, D. Completing 15 credit hours of CE and paying a renewal fee. Answer:
Answer: D. Completing 15 credit hours of CE and paying a renewal fee
CE must be approved by the DFS.
⩥ A domestic insurer will be examined/audited by the State Insurance
Department at least once:
A. In every 3 year period
B. In every 5 year period
C. A year
D. Domestic companies are only examined if the Superintendent's office
deems it necessary. Answer: Answer: B. In every 5 year period
Every insurer is required to submit their books at least once every 5
years to be examined or audited, and must keep their books and records
for at least 6 years.
⩥ A domestic insurer must keep certain records on file for at least:
A. 5 years
B. 6 years
C. 2 years
