NYS 17-74 Property and Casualty Insurance Laws and Regulations Exam 2026-
189 QUESTIONS AND ANSWERS ALREADY GRADED A+. 100% Verified Solutions
Updated Per Latest Guidelines Graded A+..
NYS 17-74 Property and Casualty Insurance Laws and Regulations Exam
180 Questions with Answers, Rationales, and Multiple Choice
Exam Overview: The NYS 17-74 exam consists of 50 multiple-choice questions
with a 1-hour time limit. The exam covers three main content areas: Insurance
Regulation (33%), Property & Casualty Basics (28%), and Personal & Commercial
Lines (29%). A passing score is 70% .
SECTION 1: INSURANCE REGULATION (Licensing, Producers, and DFS Authority)
Licensing Requirements & Producer Qualifications
1. Who appoints the Superintendent of Financial Services in New York State?
A) Elected by the public
B) Appointed by the Governor with the consent of the State Senate
C) Appointed by the Commissioner of the DMV
,D) Appointed by the state legislature
Answer: B) Appointed by the Governor with the consent of the State Senate
Rationale: The Superintendent of Financial Services heads the Department of
Financial Services (DFS) and is appointed by the Governor, confirmed by the State
Senate. The Superintendent holds administrative power to enforce, execute, and
interpret New York insurance laws.
2. What is the minimum age to obtain a Property and Casualty insurance producer
license in New York?
A) 16
B) 18
C) 20
D) 21
,Answer: B) 18
Rationale: New York Insurance Law requires applicants for any insurance
producer license to be at least 18 years of age.
3. How often must a resident Property and Casualty insurance producer license be
renewed in New York?
A) Every year
B) Every 2 years
C) Every 3 years
D) Every 5 years
Answer: C) Every 3 years
Rationale: In New York, resident insurance producer licenses expire and must be
renewed every three years on the last day of the licensee's birth month.
, 4. How many continuing education (CE) hours must a Property and Casualty
producer complete during each biennial licensing cycle in New York?
A) 12 hours
B) 15 hours
C) 24 hours
D) 30 hours
Answer: B) 15 hours
Rationale: New York requires resident and non-resident licensees to complete 15
hours of approved CE courses during each 2-year (biennial) licensing period to
maintain licensure.
5. Within how many days must a licensed producer notify the DFS of a change in
their residential or business address?
189 QUESTIONS AND ANSWERS ALREADY GRADED A+. 100% Verified Solutions
Updated Per Latest Guidelines Graded A+..
NYS 17-74 Property and Casualty Insurance Laws and Regulations Exam
180 Questions with Answers, Rationales, and Multiple Choice
Exam Overview: The NYS 17-74 exam consists of 50 multiple-choice questions
with a 1-hour time limit. The exam covers three main content areas: Insurance
Regulation (33%), Property & Casualty Basics (28%), and Personal & Commercial
Lines (29%). A passing score is 70% .
SECTION 1: INSURANCE REGULATION (Licensing, Producers, and DFS Authority)
Licensing Requirements & Producer Qualifications
1. Who appoints the Superintendent of Financial Services in New York State?
A) Elected by the public
B) Appointed by the Governor with the consent of the State Senate
C) Appointed by the Commissioner of the DMV
,D) Appointed by the state legislature
Answer: B) Appointed by the Governor with the consent of the State Senate
Rationale: The Superintendent of Financial Services heads the Department of
Financial Services (DFS) and is appointed by the Governor, confirmed by the State
Senate. The Superintendent holds administrative power to enforce, execute, and
interpret New York insurance laws.
2. What is the minimum age to obtain a Property and Casualty insurance producer
license in New York?
A) 16
B) 18
C) 20
D) 21
,Answer: B) 18
Rationale: New York Insurance Law requires applicants for any insurance
producer license to be at least 18 years of age.
3. How often must a resident Property and Casualty insurance producer license be
renewed in New York?
A) Every year
B) Every 2 years
C) Every 3 years
D) Every 5 years
Answer: C) Every 3 years
Rationale: In New York, resident insurance producer licenses expire and must be
renewed every three years on the last day of the licensee's birth month.
, 4. How many continuing education (CE) hours must a Property and Casualty
producer complete during each biennial licensing cycle in New York?
A) 12 hours
B) 15 hours
C) 24 hours
D) 30 hours
Answer: B) 15 hours
Rationale: New York requires resident and non-resident licensees to complete 15
hours of approved CE courses during each 2-year (biennial) licensing period to
maintain licensure.
5. Within how many days must a licensed producer notify the DFS of a change in
their residential or business address?
