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PSI NY LIFE ACCIDENT AND HEALTH EXAMINATION NEW YORK STATE INSURANCE ASSESSMENT COMPANION
PSI NYNYLIFE ACCIDENT AND HEALTH EXAMINATION
AUTHENTIC NEW YORK STATE
KEYINSURANCE STUDY
TEST SHEET VERIFIED
PSI LIFE ACCIDENT AND HEALTH
PSI-NY LIFE,ITEMS
EXAMINATION ACCURATE
NEW YORK
ACCIDENT
ANSWERS GRADED &A+ STATE
HEALTH INSURANCE BANK SOLVED
QUESTIONS EXPERT REVIEW
PRACTICE EXAMINATION
Edition
Comprehensive New York State Insurance Licensing
Competency Assessment
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Exam Type: PSI-NY Life, Accident & Health Producer Examination
Question Count: 75 Multiple-Choice Questions (MCQ)
Testing Time: 150 Minutes
Passing Score: 70% (53/75 Correct)
Delivery Format: Computer-Based, Proctored (PSI Centers / OnVUE Remote)
Administered By: PSI Services LLC / NYS Department of Financial Services
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TABLE OF CONTENTS
Examination Overview
Domain 1: Insurance Fundamentals & Policy Provisions (Q1–Q12)
Domain 2: Life Insurance Products & Underwriting (Q13–Q26)
Domain 3: Health Insurance Products & Managed Care (Q27–Q39)
Domain 4: Annuities & Retirement Planning (Q40–Q49)
Domain 5: Ethics, Regulations & New York-Specific Law (Q50–Q61)
Domain 6: Premiums, Ratings & Policy Illustrations (Q62–Q69)
Domain 7: Claims, Settlement Options & Beneficiary Designations (Q70–Q75)
Answer Key
Domain Score Tracker
References
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EXAMINATION OVERVIEW
This PSI-NY Life, Accident & Health Practice Exam format for 2026/2027 reflects the standardized
competency assessment used to evaluate proficiency in foundational life and health insurance
principles for New York State producer license candidates. The official practice examination consists
of exactly 75 multiple-choice questions (MCQ) covering critical domains: insurance fundamentals and
policy provisions, life insurance products and underwriting, health insurance products and managed
care, annuities and retirement planning, ethics/regulations/New York-specific law,
premiums/ratings/policy illustrations, claims/settlement options/beneficiary designations, and
scenario-based application. The exam measures knowledge essential for ethical, compliant, and
competent practice as a licensed insurance producer in New York State, aligned with current New
York State Insurance Law, NYS DFS regulations, NAIC model acts, and PSI licensing examination
standards.
Domain Distribution
Domain Questions Key Topics Weight
Insurance Fundamentals & 12 Risk Management, Contract Elements, Policy 16%
Policy Provisions Structure, Insuring Agreements, Exclusions,
Conditions
Life Insurance Products & 14 Term/Whole/Universal/VUL, Riders, 19%
Underwriting Underwriting Process, Medical/Non-Medical
Issues, Policy Conversion
Health Insurance Products 13 Individual/Group Health, HMO/PPO/EPO, 17%
& Managed Care Medicare/Medicaid, HIPAA, COBRA, Long-
Term Care
Annuities & Retirement 10 Fixed/Variable/Index Annuities, 13%
Planning Accumulation/Payout Phases, Tax Treatment,
Suitability, NY Regulation 128
Ethics, Regulations & New 12 NY Insurance Law Article 21, Unfair Trade 16%
York-Specific Law Practices, Replacement Rules, Privacy,
Producer Licensing, Continuing Ed
Premiums, Ratings & 8 Premium Calculation, Rating Factors, 11%
Policy Illustrations Dividends, Illustration Requirements, Non-
Guaranteed Elements
Claims, Settlement Options 6 Claims Process, Settlement Options, 8%
& Beneficiary Designations Beneficiary Types, Contestability,
Incontestability, Suicide Clause
Exam Instructions
• This examination contains 75 multiple-choice questions.
• Each question has four options (A, B, C, D). Select the single best answer unless otherwise indicated.
• Questions marked as SATA (Select-All-That-Apply) require selection of all correct options.
• The total testing time is 150 minutes.
• A passing score of 70% (53 correct answers out of 75) is required.
• Correct answers appear in bold purple (#BC13FE).
• Rationales are provided in italic font with light lavender background (#F5EDF9).
DOMAIN 1
Insurance Fundamentals & Policy Provisions (Q1–Q12)
Q1. Which of the following is a required element of a valid insurance contract?
A. Offer and acceptance
B. Notarization by a licensed attorney
C. Oral agreement between parties only
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Distribution of this document is illegal extra per year?
PSI NY LIFE ACCIDENT AND HEALTH EXAMINATION NEW YORK STATE INSURANCE ASSESSMENT COMPANION
PSI NYNYLIFE ACCIDENT AND HEALTH EXAMINATION
AUTHENTIC NEW YORK STATE
KEYINSURANCE STUDY
TEST SHEET VERIFIED
PSI LIFE ACCIDENT AND HEALTH
PSI-NY LIFE,ITEMS
EXAMINATION ACCURATE
NEW YORK
ACCIDENT
ANSWERS GRADED &A+ STATE
HEALTH INSURANCE BANK SOLVED
QUESTIONS EXPERT REVIEW
PRACTICE EXAMINATION
Edition
Comprehensive New York State Insurance Licensing
Competency Assessment
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
━━━━━
Exam Type: PSI-NY Life, Accident & Health Producer Examination
Question Count: 75 Multiple-Choice Questions (MCQ)
Testing Time: 150 Minutes
Passing Score: 70% (53/75 Correct)
Delivery Format: Computer-Based, Proctored (PSI Centers / OnVUE Remote)
Administered By: PSI Services LLC / NYS Department of Financial Services
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
━━━━━
Downloaded by: Want to earn $1,500
Distribution of this document is illegal extra per year?
, classmerit.com — The Marketplace to Buy and Sell Study Materials
TABLE OF CONTENTS
Examination Overview
Domain 1: Insurance Fundamentals & Policy Provisions (Q1–Q12)
Domain 2: Life Insurance Products & Underwriting (Q13–Q26)
Domain 3: Health Insurance Products & Managed Care (Q27–Q39)
Domain 4: Annuities & Retirement Planning (Q40–Q49)
Domain 5: Ethics, Regulations & New York-Specific Law (Q50–Q61)
Domain 6: Premiums, Ratings & Policy Illustrations (Q62–Q69)
Domain 7: Claims, Settlement Options & Beneficiary Designations (Q70–Q75)
Answer Key
Domain Score Tracker
References
Downloaded by: Want to earn $1,500
Distribution of this document is illegal extra per year?
, classmerit.com — The Marketplace to Buy and Sell Study Materials
EXAMINATION OVERVIEW
This PSI-NY Life, Accident & Health Practice Exam format for 2026/2027 reflects the standardized
competency assessment used to evaluate proficiency in foundational life and health insurance
principles for New York State producer license candidates. The official practice examination consists
of exactly 75 multiple-choice questions (MCQ) covering critical domains: insurance fundamentals and
policy provisions, life insurance products and underwriting, health insurance products and managed
care, annuities and retirement planning, ethics/regulations/New York-specific law,
premiums/ratings/policy illustrations, claims/settlement options/beneficiary designations, and
scenario-based application. The exam measures knowledge essential for ethical, compliant, and
competent practice as a licensed insurance producer in New York State, aligned with current New
York State Insurance Law, NYS DFS regulations, NAIC model acts, and PSI licensing examination
standards.
Domain Distribution
Domain Questions Key Topics Weight
Insurance Fundamentals & 12 Risk Management, Contract Elements, Policy 16%
Policy Provisions Structure, Insuring Agreements, Exclusions,
Conditions
Life Insurance Products & 14 Term/Whole/Universal/VUL, Riders, 19%
Underwriting Underwriting Process, Medical/Non-Medical
Issues, Policy Conversion
Health Insurance Products 13 Individual/Group Health, HMO/PPO/EPO, 17%
& Managed Care Medicare/Medicaid, HIPAA, COBRA, Long-
Term Care
Annuities & Retirement 10 Fixed/Variable/Index Annuities, 13%
Planning Accumulation/Payout Phases, Tax Treatment,
Suitability, NY Regulation 128
Ethics, Regulations & New 12 NY Insurance Law Article 21, Unfair Trade 16%
York-Specific Law Practices, Replacement Rules, Privacy,
Producer Licensing, Continuing Ed
Premiums, Ratings & 8 Premium Calculation, Rating Factors, 11%
Policy Illustrations Dividends, Illustration Requirements, Non-
Guaranteed Elements
Claims, Settlement Options 6 Claims Process, Settlement Options, 8%
& Beneficiary Designations Beneficiary Types, Contestability,
Incontestability, Suicide Clause
Exam Instructions
• This examination contains 75 multiple-choice questions.
• Each question has four options (A, B, C, D). Select the single best answer unless otherwise indicated.
• Questions marked as SATA (Select-All-That-Apply) require selection of all correct options.
• The total testing time is 150 minutes.
• A passing score of 70% (53 correct answers out of 75) is required.
• Correct answers appear in bold purple (#BC13FE).
• Rationales are provided in italic font with light lavender background (#F5EDF9).
DOMAIN 1
Insurance Fundamentals & Policy Provisions (Q1–Q12)
Q1. Which of the following is a required element of a valid insurance contract?
A. Offer and acceptance
B. Notarization by a licensed attorney
C. Oral agreement between parties only
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