NY LIFE ACCIDENT AND HEALTH INSURANCE
AGENT BROKER EXAM ACTUAL EXAM PAPER
2025 COMPREHENSIVE QUESTIONS WITH
VERIFIED DETAILED SOLUTIONS GRADED A+
◉ 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. Answer: Producer Definition (2101(k))
◉ 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 insuranc Answer: Who Should be Licensed
(2101(k)(1))
,◉ 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. Answer: Home State (2101(l))
◉ 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. Answer: Negotiate (2101(m))
◉ 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. Answer: Sell
(2101(n))
◉ 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. Answer: Solicit (2101(o)) -
◉ 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. Answer: Agent 2101(a)
◉ 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). Answer: Agent 2101(k)
◉ 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. Answer: Brokers 2101(c)
◉ any licensed attorney at law of this state. Answer: Brokers 2101(h)
◉ 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. Answer: Consultants (2107)
◉ 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 Answer: Adjuster 2101(g)
◉ 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
AGENT BROKER EXAM ACTUAL EXAM PAPER
2025 COMPREHENSIVE QUESTIONS WITH
VERIFIED DETAILED SOLUTIONS GRADED A+
◉ 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. Answer: Producer Definition (2101(k))
◉ 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 insuranc Answer: Who Should be Licensed
(2101(k)(1))
,◉ 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. Answer: Home State (2101(l))
◉ 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. Answer: Negotiate (2101(m))
◉ 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. Answer: Sell
(2101(n))
◉ 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. Answer: Solicit (2101(o)) -
◉ 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. Answer: Agent 2101(a)
◉ 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). Answer: Agent 2101(k)
◉ 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. Answer: Brokers 2101(c)
◉ any licensed attorney at law of this state. Answer: Brokers 2101(h)
◉ 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. Answer: Consultants (2107)
◉ 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 Answer: Adjuster 2101(g)
◉ 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
