1|Page
NEW YORK SERIES 17-55 LIFE, ACCIDENT &
HEALTH INSURANCE AGENT/BROKER Newest
Exam Preparation With Complete Questions And
Correct Answers With Rationales Already Graded
A+Brand New Version!!
Question 1
The Superintendent may issue a license to act as an agent for an
authorized insurer to which of the following entities?
A) Any individual who is 21 years of age or older.
B) Any person, firm, or corporation that has complied with the
Insurance Code.
C) Any business entity without a designated sub-licensee.
D) Any non-resident without a valid home state license.
Correct Answer: B
Explanation: The authority to issue a license is contingent upon
compliance with the statutory requirements outlined in the New York
Insurance Law, not exclusively on age, residency, or business structure .
A person, firm, or corporation that has fulfilled these requirements is
eligible for licensure .
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Question 2
What is the minimum age an individual applicant must be at the time
an insurance producer license is issued in New York?
A) 16 years
B) 18 years
C) 21 years
D) 25 years
Correct Answer: B
Explanation: This is a statutory requirement under NY Insurance Law. All
individual applicants must be at least 18 years old at the time the
license is issued. This is a non-negotiable, legal prerequisite for licensure
.
Question 3
Which of the following individuals is most likely EXCLUDED from the
definition of an "insurance producer" and may not need a license?
A) An employee who receives a commission for selling auto insurance.
B) An officer of an insurer whose duties are administrative and who
receives no commission.
C) A broker who places business with various companies on behalf of
clients.
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D) An individual who negotiates policy benefits directly with
prospective purchasers.
Correct Answer: B
Explanation: The definition of an insurance producer includes agents,
brokers, and others who sell, solicit, or negotiate insurance . Officers,
directors, or employees of an insurer whose activities are purely
administrative, executive, or clerical and who do not receive
commissions on policies written or sold in New York are specifically
excluded from this definition .
Question 4
According to the New York Insurance Law, an "insurance producer" is a
person required to be licensed to perform which of the following
activities?
A) Underwrite policies and adjust claims.
B) Sell, solicit, or negotiate insurance.
C) Provide executive administrative support.
D) Process claims without client contact.
Correct Answer: B
Explanation: The core function defining an insurance producer is the act
of selling, soliciting, or negotiating insurance contracts . Activities like
underwriting, claims adjusting, and clerical work are distinct functions
that do not, by themselves, require a producer's license .
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Question 5
For the purpose of licensure, an individual's "home state" is defined as:
A) The state where the insurance company is domiciled.
B) The jurisdiction where the producer maintains their principal
residence or principal place of business and is licensed.
C) The state where the insurance policy was issued.
D) Any state where the producer has ever been licensed.
Correct Answer: B
Explanation: New York law defines "home state" as the District of
Columbia or any state or territory of the United States in which an
insurance producer maintains their principal place of residence or
principal place of business and is licensed to act as an insurance
producer .
Question 6
Under NY Insurance Law, "negotiate" or "negotiation" means:
A) Exchanging a contract of insurance for money.
B) Attempting to sell insurance by urging a person to apply.
C) Conferring directly with a purchaser about substantive benefits,
terms, or conditions of a contract.
D) Adjusting insurance claims.
NEW YORK SERIES 17-55 LIFE, ACCIDENT &
HEALTH INSURANCE AGENT/BROKER Newest
Exam Preparation With Complete Questions And
Correct Answers With Rationales Already Graded
A+Brand New Version!!
Question 1
The Superintendent may issue a license to act as an agent for an
authorized insurer to which of the following entities?
A) Any individual who is 21 years of age or older.
B) Any person, firm, or corporation that has complied with the
Insurance Code.
C) Any business entity without a designated sub-licensee.
D) Any non-resident without a valid home state license.
Correct Answer: B
Explanation: The authority to issue a license is contingent upon
compliance with the statutory requirements outlined in the New York
Insurance Law, not exclusively on age, residency, or business structure .
A person, firm, or corporation that has fulfilled these requirements is
eligible for licensure .
,2|Page
Question 2
What is the minimum age an individual applicant must be at the time
an insurance producer license is issued in New York?
A) 16 years
B) 18 years
C) 21 years
D) 25 years
Correct Answer: B
Explanation: This is a statutory requirement under NY Insurance Law. All
individual applicants must be at least 18 years old at the time the
license is issued. This is a non-negotiable, legal prerequisite for licensure
.
Question 3
Which of the following individuals is most likely EXCLUDED from the
definition of an "insurance producer" and may not need a license?
A) An employee who receives a commission for selling auto insurance.
B) An officer of an insurer whose duties are administrative and who
receives no commission.
C) A broker who places business with various companies on behalf of
clients.
,3|Page
D) An individual who negotiates policy benefits directly with
prospective purchasers.
Correct Answer: B
Explanation: The definition of an insurance producer includes agents,
brokers, and others who sell, solicit, or negotiate insurance . Officers,
directors, or employees of an insurer whose activities are purely
administrative, executive, or clerical and who do not receive
commissions on policies written or sold in New York are specifically
excluded from this definition .
Question 4
According to the New York Insurance Law, an "insurance producer" is a
person required to be licensed to perform which of the following
activities?
A) Underwrite policies and adjust claims.
B) Sell, solicit, or negotiate insurance.
C) Provide executive administrative support.
D) Process claims without client contact.
Correct Answer: B
Explanation: The core function defining an insurance producer is the act
of selling, soliciting, or negotiating insurance contracts . Activities like
underwriting, claims adjusting, and clerical work are distinct functions
that do not, by themselves, require a producer's license .
, 4|Page
Question 5
For the purpose of licensure, an individual's "home state" is defined as:
A) The state where the insurance company is domiciled.
B) The jurisdiction where the producer maintains their principal
residence or principal place of business and is licensed.
C) The state where the insurance policy was issued.
D) Any state where the producer has ever been licensed.
Correct Answer: B
Explanation: New York law defines "home state" as the District of
Columbia or any state or territory of the United States in which an
insurance producer maintains their principal place of residence or
principal place of business and is licensed to act as an insurance
producer .
Question 6
Under NY Insurance Law, "negotiate" or "negotiation" means:
A) Exchanging a contract of insurance for money.
B) Attempting to sell insurance by urging a person to apply.
C) Conferring directly with a purchaser about substantive benefits,
terms, or conditions of a contract.
D) Adjusting insurance claims.
