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New York Life, Accident & Health Insurance
Exam 17 - 55 2026/2027 | Comprehensive
Study Guide | Practice Questions & Answer
Explanations | Insurance Agent & Broker
Exam Prep
Process 2103 (d-i)
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.
Producer Definition (2101(k))
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.
Who Should be Licensed (2101(k)(1))
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
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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.
Home State (2101(l))
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.
Negotiate (2101(m))
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.
Sell (2101(n))
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.
Solicit (2101(o)) -
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.
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Agent 2101(a)
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.
Agent 2101(k)
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).
Brokers 2101(c)
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.
Brokers 2101(h)
any licensed attorney at law of this state.
Consultants (2107)
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
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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.
Adjuster 2101(g)
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.
Adjuster 2108
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.
Nonresident 2101(d)
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
New York Life, Accident & Health Insurance
Exam 17 - 55 2026/2027 | Comprehensive
Study Guide | Practice Questions & Answer
Explanations | Insurance Agent & Broker
Exam Prep
Process 2103 (d-i)
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.
Producer Definition (2101(k))
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.
Who Should be Licensed (2101(k)(1))
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.
Home State (2101(l))
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.
Negotiate (2101(m))
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.
Sell (2101(n))
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.
Solicit (2101(o)) -
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.
,.//.//.,…//////////./././././.;;;../.;.//;./.;./;.;.;/
Agent 2101(a)
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.
Agent 2101(k)
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).
Brokers 2101(c)
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.
Brokers 2101(h)
any licensed attorney at law of this state.
Consultants (2107)
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.
Adjuster 2101(g)
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.
Adjuster 2108
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.
Nonresident 2101(d)
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
