N E W YO R K S T AT E D F S · S E R I E S 1 7 - 5 5
NY Life, Accident,
and Health Insurance
Agent/Broker Exam
A comprehensive 200-question practice examination
aligned with the NYDFS Series 17-55 Exam Content
Outline, New York Insurance Law, and 11 NYCRR
Regulations.
QU ES TIONS PA S S ING S C OR E TIME L IMIT
200 70% 150 min
Graded A items PSI administered Official exam window
E X A MI N AT I ON S E C T I ON S
01 Licensing, Regulation & General Concepts 30 Q 02 Life Insurance Basics & Provisions 35 Q
03 Health Insurance & Provisions 25 Q 04 Disability Income & Medical Expense 20 Q
05 Annuities & Retirement Planning 20 Q 06 Group Insurance & Social Insurance 20 Q
07 Ethics, Unfair Trade & Consumer Protection 25 Q 08 New York-Specific Laws & Regulations 25 Q
Aligned with NY Insurance Law Articles 21, 26, 32 · 11 NYCRR Reg. 64, 187 Practice Edition — Graded A
,NY Life, Accident, and Health Insurance Agent/Broker Exam Series 17-55 Edition | 200 Questions
NY Life, Accident, and Health Insurance
Agent/Broker Exam
Series 17-55 — 200 Questions — Graded A — Edition
Aligned with the NYDFS Series 17-55 Exam Content Outline · New York Insurance Law · 11 NYCRR Regulations
Official Exam: 150 scored questions · 70% passing score · 150-minute time limit · Administered by PSI
Instructions
This practice examination consists of 200 multiple-choice questions across 8 sections. Each question has four options
(A–D) and exactly one correct answer. The correct answer is marked *[CORRECT]*, and a rationale is provided with
citations to New York Insurance Law and 11 NYCRR regulations. Cognitive distribution: 25% recall, 50% application,
25% analysis.
Section 1: Licensing, Regulation, and General Insurance Concepts
Questions 1-30 — NY Licensing, Producer Definitions, Risk & Contract Law
Q1: Under New York Insurance Law, which of the following BEST describes an "agent" as defined in
§2101(a)?
A. An authorized representative of an insurer who solicits, sells, or negotiates insurance on the insurer's
behalf *[CORRECT]*
B. A representative of the insured who negotiates insurance contracts on the insured's behalf
C. An independent contractor who represents multiple insurers without binding authority
D. A licensed adjuster who settles claims on behalf of the Superintendent
Correct Answer: A
Rationale: Under NY Insurance Law §2101(a), an agent is an authorized representative of an insurer who solicits, sells,
or negotiates insurance on the insurer's behalf. A broker (§2101(c)) represents the insured, distinguishing the two roles.
An agent owes fiduciary duties to the insurer, while a broker owes them to the insured.
Q2: A candidate wishes to obtain a New York insurance producer license. What is the minimum age
requirement?
A. 16 years old
B. 18 years old *[CORRECT]*
C. 21 years old
D. 25 years old
Correct Answer: B
Rationale: New York requires applicants to be at least 18 years of age to be licensed as an insurance producer. This age
threshold ensures the applicant has legal capacity to enter into contracts. Applicants must also complete pre-licensing
education and pass the PSI-administered examination.
Q3: Maria is a licensed life insurance agent in New Jersey and wants to sell insurance to a client with a
residence in upstate New York. Which statement is TRUE regarding nonresident licensing?
A. She must obtain a New York resident license before selling in New York
NY DFS Series 17-55 | PSI Administered | Passing Score: 70% Page 1
,NY Life, Accident, and Health Insurance Agent/Broker Exam Series 17-55 Edition | 200 Questions
B. She may sell in New York without any license because New Jersey has reciprocity
C. She must be licensed in her home state (New Jersey) and is then eligible for a New York nonresident
license, subject to NY DFS regulations *[CORRECT]*
D. She must pass the New York exam and complete 40 hours of NY-specific pre-licensing education
Correct Answer: C
Rationale: Under NY Insurance Law §2108, a nonresident producer must be licensed in good standing in their home
state to obtain a New York nonresident license. New York grants reciprocity based on the home-state license, but the
nonresident remains subject to NY DFS regulations once authorized to transact in New York.
Q4: Which entity is the official testing vendor that administers the New York Series 17-55
examination?
A. Prometric
B. Pearson VUE
C. The NY DFS directly
D. PSI Services LLC *[CORRECT]*
Correct Answer: D
Rationale: PSI Services LLC is the testing vendor designated by the New York Department of Financial Services (DFS)
to administer licensing examinations including the Life, Accident, and Health (Series 17-55) exam. Candidates register
through PSI's portal and take the exam at an approved testing center.
Q5: An individual producer's license in New York must be renewed every:
A. Two years, with the renewal date based on the licensee's birth year (odd or even) *[CORRECT]*
B. Year, on the licensee's birthday
C. Three years, on December 31 of the third year
D. Five years, on the anniversary of original issuance
Correct Answer: A
Rationale: Per NY Insurance Law §2104, individual producer licenses are renewed biennially. The renewal date for
agents/brokers is keyed to the licensee's birthday in an odd or even year, depending on birth year. Adjuster licenses
follow a different schedule (December 31 of even-numbered years).
Q6: Adjuster licenses in New York expire on:
A. The licensee's birthday in odd-numbered years
B. December 31 of even-numbered years *[CORRECT]*
C. June 30 of odd-numbered years
D. December 31 of every year
Correct Answer: B
Rationale: Unlike agent/broker licenses, which expire on the licensee's birthday, NY adjuster licenses expire on
December 31 of even-numbered years. This distinction in renewal cycles is a frequent exam point under NY Insurance
Law §2108 and 11 NYCRR Part 25.
Q7: How many continuing education (CE) credits must a New York life/accident/health licensee
complete per biennium?
A. 10 credits
B. 24 credits
C. 15 credits, including ethics and law *[CORRECT]*
D. 30 credits, all in ethics
NY DFS Series 17-55 | PSI Administered | Passing Score: 70% Page 2
, NY Life, Accident, and Health Insurance Agent/Broker Exam Series 17-55 Edition | 200 Questions
Correct Answer: C
Rationale: Per 11 NYCRR Part 21.3, licensees must complete 15 CE credits per biennial renewal period. The credits
must include DFS-approved ethics, insurance law, and anti-fraud hours. Failure to complete CE may result in license
suspension or non-renewal.
Q8: James is a licensed producer whose spouse dies suddenly. He needs coverage for the spouse's small
business clients while his license is reviewed. Which statement about a temporary license is TRUE?
A. A temporary license cannot be issued under any circumstances
B. Temporary licenses are issued for 5 years without examination
C. Temporary licenses are available only to non-residents
D. The Superintendent may issue a temporary license in cases of death, service in the armed forces, or
disability of a licensee *[CORRECT]*
Correct Answer: D
Rationale: Under NY Insurance Law §2104(c), the Superintendent may issue a temporary license for up to 180 days
(extendable in some cases) when triggered by the death, service in the armed forces, or disability of a licensee. This
allows continuity of service to insureds during transition periods.
Q9: The Superintendent may impose a monetary penalty in lieu of license suspension or revocation.
What are the limits?
A. Up to $500 per offense, not to exceed $2,500 in aggregate *[CORRECT]*
B. Up to $1,000 per offense, not to exceed $5,000 in aggregate
C. Up to $5,000 per offense, not to exceed $25,000 in aggregate
D. Up to $250 per offense, not to exceed $1,000 in aggregate
Correct Answer: A
Rationale: Per NY Insurance Law §2110, the Superintendent may impose a penalty not exceeding $500 per offense,
with an aggregate cap of $2,500, in lieu of suspension or revocation. This discretionary remedy applies to enumerated
violations such as improper solicitation or failure to maintain records.
Q10: Linda, a licensed producer, recently moved her residence from Albany to Saratoga Springs.
Within how many days must she notify the Superintendent?
A. 10 days
B. 30 days *[CORRECT]*
C. 15 days
D. 60 days
Correct Answer: B
Rationale: Under NY Insurance Law §2122(d) and 11 NYCRR Part 1, licensees must notify the Superintendent of any
change in business or residence address within 30 days. Failure to do so is a violation subject to administrative penalty
and may impair the licensee's good standing.
Q11: A New York licensee is the subject of an administrative action in New Jersey related to insurance
activities. When must the licensee report this to the NY Superintendent?
A. Immediately upon being notified of the action
B. Within 90 days of the final disposition
C. Within 30 days of the final disposition *[CORRECT]*
D. Reporting is voluntary unless the action involves criminal charges
Correct Answer: C
NY DFS Series 17-55 | PSI Administered | Passing Score: 70% Page 3
NY Life, Accident,
and Health Insurance
Agent/Broker Exam
A comprehensive 200-question practice examination
aligned with the NYDFS Series 17-55 Exam Content
Outline, New York Insurance Law, and 11 NYCRR
Regulations.
QU ES TIONS PA S S ING S C OR E TIME L IMIT
200 70% 150 min
Graded A items PSI administered Official exam window
E X A MI N AT I ON S E C T I ON S
01 Licensing, Regulation & General Concepts 30 Q 02 Life Insurance Basics & Provisions 35 Q
03 Health Insurance & Provisions 25 Q 04 Disability Income & Medical Expense 20 Q
05 Annuities & Retirement Planning 20 Q 06 Group Insurance & Social Insurance 20 Q
07 Ethics, Unfair Trade & Consumer Protection 25 Q 08 New York-Specific Laws & Regulations 25 Q
Aligned with NY Insurance Law Articles 21, 26, 32 · 11 NYCRR Reg. 64, 187 Practice Edition — Graded A
,NY Life, Accident, and Health Insurance Agent/Broker Exam Series 17-55 Edition | 200 Questions
NY Life, Accident, and Health Insurance
Agent/Broker Exam
Series 17-55 — 200 Questions — Graded A — Edition
Aligned with the NYDFS Series 17-55 Exam Content Outline · New York Insurance Law · 11 NYCRR Regulations
Official Exam: 150 scored questions · 70% passing score · 150-minute time limit · Administered by PSI
Instructions
This practice examination consists of 200 multiple-choice questions across 8 sections. Each question has four options
(A–D) and exactly one correct answer. The correct answer is marked *[CORRECT]*, and a rationale is provided with
citations to New York Insurance Law and 11 NYCRR regulations. Cognitive distribution: 25% recall, 50% application,
25% analysis.
Section 1: Licensing, Regulation, and General Insurance Concepts
Questions 1-30 — NY Licensing, Producer Definitions, Risk & Contract Law
Q1: Under New York Insurance Law, which of the following BEST describes an "agent" as defined in
§2101(a)?
A. An authorized representative of an insurer who solicits, sells, or negotiates insurance on the insurer's
behalf *[CORRECT]*
B. A representative of the insured who negotiates insurance contracts on the insured's behalf
C. An independent contractor who represents multiple insurers without binding authority
D. A licensed adjuster who settles claims on behalf of the Superintendent
Correct Answer: A
Rationale: Under NY Insurance Law §2101(a), an agent is an authorized representative of an insurer who solicits, sells,
or negotiates insurance on the insurer's behalf. A broker (§2101(c)) represents the insured, distinguishing the two roles.
An agent owes fiduciary duties to the insurer, while a broker owes them to the insured.
Q2: A candidate wishes to obtain a New York insurance producer license. What is the minimum age
requirement?
A. 16 years old
B. 18 years old *[CORRECT]*
C. 21 years old
D. 25 years old
Correct Answer: B
Rationale: New York requires applicants to be at least 18 years of age to be licensed as an insurance producer. This age
threshold ensures the applicant has legal capacity to enter into contracts. Applicants must also complete pre-licensing
education and pass the PSI-administered examination.
Q3: Maria is a licensed life insurance agent in New Jersey and wants to sell insurance to a client with a
residence in upstate New York. Which statement is TRUE regarding nonresident licensing?
A. She must obtain a New York resident license before selling in New York
NY DFS Series 17-55 | PSI Administered | Passing Score: 70% Page 1
,NY Life, Accident, and Health Insurance Agent/Broker Exam Series 17-55 Edition | 200 Questions
B. She may sell in New York without any license because New Jersey has reciprocity
C. She must be licensed in her home state (New Jersey) and is then eligible for a New York nonresident
license, subject to NY DFS regulations *[CORRECT]*
D. She must pass the New York exam and complete 40 hours of NY-specific pre-licensing education
Correct Answer: C
Rationale: Under NY Insurance Law §2108, a nonresident producer must be licensed in good standing in their home
state to obtain a New York nonresident license. New York grants reciprocity based on the home-state license, but the
nonresident remains subject to NY DFS regulations once authorized to transact in New York.
Q4: Which entity is the official testing vendor that administers the New York Series 17-55
examination?
A. Prometric
B. Pearson VUE
C. The NY DFS directly
D. PSI Services LLC *[CORRECT]*
Correct Answer: D
Rationale: PSI Services LLC is the testing vendor designated by the New York Department of Financial Services (DFS)
to administer licensing examinations including the Life, Accident, and Health (Series 17-55) exam. Candidates register
through PSI's portal and take the exam at an approved testing center.
Q5: An individual producer's license in New York must be renewed every:
A. Two years, with the renewal date based on the licensee's birth year (odd or even) *[CORRECT]*
B. Year, on the licensee's birthday
C. Three years, on December 31 of the third year
D. Five years, on the anniversary of original issuance
Correct Answer: A
Rationale: Per NY Insurance Law §2104, individual producer licenses are renewed biennially. The renewal date for
agents/brokers is keyed to the licensee's birthday in an odd or even year, depending on birth year. Adjuster licenses
follow a different schedule (December 31 of even-numbered years).
Q6: Adjuster licenses in New York expire on:
A. The licensee's birthday in odd-numbered years
B. December 31 of even-numbered years *[CORRECT]*
C. June 30 of odd-numbered years
D. December 31 of every year
Correct Answer: B
Rationale: Unlike agent/broker licenses, which expire on the licensee's birthday, NY adjuster licenses expire on
December 31 of even-numbered years. This distinction in renewal cycles is a frequent exam point under NY Insurance
Law §2108 and 11 NYCRR Part 25.
Q7: How many continuing education (CE) credits must a New York life/accident/health licensee
complete per biennium?
A. 10 credits
B. 24 credits
C. 15 credits, including ethics and law *[CORRECT]*
D. 30 credits, all in ethics
NY DFS Series 17-55 | PSI Administered | Passing Score: 70% Page 2
, NY Life, Accident, and Health Insurance Agent/Broker Exam Series 17-55 Edition | 200 Questions
Correct Answer: C
Rationale: Per 11 NYCRR Part 21.3, licensees must complete 15 CE credits per biennial renewal period. The credits
must include DFS-approved ethics, insurance law, and anti-fraud hours. Failure to complete CE may result in license
suspension or non-renewal.
Q8: James is a licensed producer whose spouse dies suddenly. He needs coverage for the spouse's small
business clients while his license is reviewed. Which statement about a temporary license is TRUE?
A. A temporary license cannot be issued under any circumstances
B. Temporary licenses are issued for 5 years without examination
C. Temporary licenses are available only to non-residents
D. The Superintendent may issue a temporary license in cases of death, service in the armed forces, or
disability of a licensee *[CORRECT]*
Correct Answer: D
Rationale: Under NY Insurance Law §2104(c), the Superintendent may issue a temporary license for up to 180 days
(extendable in some cases) when triggered by the death, service in the armed forces, or disability of a licensee. This
allows continuity of service to insureds during transition periods.
Q9: The Superintendent may impose a monetary penalty in lieu of license suspension or revocation.
What are the limits?
A. Up to $500 per offense, not to exceed $2,500 in aggregate *[CORRECT]*
B. Up to $1,000 per offense, not to exceed $5,000 in aggregate
C. Up to $5,000 per offense, not to exceed $25,000 in aggregate
D. Up to $250 per offense, not to exceed $1,000 in aggregate
Correct Answer: A
Rationale: Per NY Insurance Law §2110, the Superintendent may impose a penalty not exceeding $500 per offense,
with an aggregate cap of $2,500, in lieu of suspension or revocation. This discretionary remedy applies to enumerated
violations such as improper solicitation or failure to maintain records.
Q10: Linda, a licensed producer, recently moved her residence from Albany to Saratoga Springs.
Within how many days must she notify the Superintendent?
A. 10 days
B. 30 days *[CORRECT]*
C. 15 days
D. 60 days
Correct Answer: B
Rationale: Under NY Insurance Law §2122(d) and 11 NYCRR Part 1, licensees must notify the Superintendent of any
change in business or residence address within 30 days. Failure to do so is a violation subject to administrative penalty
and may impair the licensee's good standing.
Q11: A New York licensee is the subject of an administrative action in New Jersey related to insurance
activities. When must the licensee report this to the NY Superintendent?
A. Immediately upon being notified of the action
B. Within 90 days of the final disposition
C. Within 30 days of the final disposition *[CORRECT]*
D. Reporting is voluntary unless the action involves criminal charges
Correct Answer: C
NY DFS Series 17-55 | PSI Administered | Passing Score: 70% Page 3
