NYS LIFE, ACCIDENT, AND HEALTH INSURANCE EXAM
PRACTICE EXAM [QUESTION 1- 200] AND ANSWERS
UPDATED 2026/2027| VERIFIED STUDY CONTENT|DETAILED
RATIONALES |INSTANT DOWNLOAD
INTRODUCTION
The New York Life, Accident, and Health Insurance Agent/Broker examination is the combined
New York licensing examination for candidates seeking both Life and Accident & Health lines
of authority. The New York State Department of Financial Services (DFS) oversees insurance
licensing, while PSI Services LLC administers the examination program. The combined
examination is Series 17-55 and is designed to test knowledge of insurance principles, life
insurance, accident and health insurance, annuities, applicable federal requirements, and New
York insurance laws and regulations.
The examination is intended for individuals seeking authorization to transact insurance as a New
York insurance agent or broker in both the Life and Accident & Health lines. Candidates
generally must satisfy applicable prelicensing requirements unless an exemption or waiver
applies. The combined Life/Accident & Health course requirement is listed as 40 hours in the
DFS/PSI candidate information materials.
Passing the examination demonstrates that the candidate has attained the minimum knowledge
required for the licensing process, but passing the examination alone does not guarantee issuance
of a license. Candidates must also satisfy the Department's application, appointment,
documentation, and other licensing requirements.
The current PSI outline identifies Series 17-55 as a 150-item examination with a 2.5-hour time
limit. The questions below are original practice questions, not leaked or reproduced
examination questions. They are designed around the published New York examination content
outline and emphasize application, scenario analysis, and high-yield distinctions.
Core Domains Tested in NYS Life, Accident, and Health
Insurance Exam
New York Insurance Regulation and Producer Licensing
General Insurance Concepts and Contract Law
Life Insurance Fundamentals
Life Insurance Policies and Policy Provisions
Life Insurance Riders, Options, and Beneficiary Provisions
Annuities
Federal Taxation and Qualified Retirement Plans
Life Settlements
Accident and Health Insurance Fundamentals
Individual Health Insurance Policy Provisions
, Disability Income and Related Insurance
Medical Plans and Managed Care
Affordable Care Act and Federal Health Insurance Requirements
Long-Term Care Insurance
Group Health and Blanket Insurance
Government Insurance Programs
Medicare Supplements and Senior Health Insurance
CONTENT AREA TABLE
% of Approx. # of
Content Domain Key Topics Covered
Exam Questions
Licensing, agents, brokers, prohibited
Insurance Regulation 7% 11
practices, fiduciary duties, NY regulation
Risk, hazards, contracts, agency, insurance
General Insurance 4% 6
principles
Uses, needs analysis, business insurance,
Life Insurance Basics 8% 12
underwriting
Life Insurance Policies 8% 12 Term, whole life, universal life, group life
Life Policy Provisions, Beneficiaries, nonforfeiture, loans, riders,
10% 15
Options & Riders settlement options
Fixed, indexed, variable,
Annuities 7% 11
immediate/deferred, payout options
Life insurance taxation, annuities, 1035
Federal Taxation 2% 3
exchanges
401(k), SEP, SIMPLE, Keogh, defined
Qualified Plans 2% 3
benefit/contribution
Settlement contracts, brokers, privacy,
Life Settlements 3% 5
prohibited practices
Accident & Health Disability, medical expense, limited
5% 8
Basics policies, exclusions
Individual Health Policy Required provisions, renewability, grace
4% 6
Provisions periods
Own/any occupation, elimination periods,
Disability Income 6% 9
riders, business coverage
HMO, PPO, POS, EPO, utilization review,
Medical Plans 6% 9
cost sharing
Exchanges, metal levels, essential benefits,
Affordable Care Act 6% 9
APTC
ADLs, care levels, LTC riders, Partnership,
Long-Term Care 6% 9
nonforfeiture
, % of Approx. # of
Content Domain Key Topics Covered
Exam Questions
Group Health & Blanket Group eligibility, COBRA, ERISA,
5% 8
Insurance Medicare coordination
Government Insurance Medicare, Medicaid, Workers'
5% 8
Plans Compensation, SSDI, NY DBL
Medicare Supplements Medigap, standardized plans, marketing,
6% 9
& Senior Insurance replacement
Note: The official Series 17-55 outline specifies 150 examination items and a 2.5-hour time
limit. Percentages above are the published content-outline percentages; approximate question
counts are rounded for study-planning purposes.
QUESTIONS 1-200
Q1: A New York insurance professional represents an insurer under an agency contract
and receives authority directly stated in that contract to solicit and submit applications.
Which type of authority is being exercised?
A) Apparent authority
B) Express authority
C) Implied authority
D) Emergency authority
Correct Answer: B
Rationale: Express authority is authority specifically granted to an agent by the insurer,
normally through the agency contract. Implied authority is authority reasonably necessary to
perform expressly granted duties, while apparent authority arises from the insurer's conduct that
leads a third party to reasonably believe authority exists.
Q2: A producer tells an applicant that a policy provides benefits that are specifically
excluded by the policy. The applicant purchases the policy based on that statement. Which
prohibited practice is most directly involved?
A) Rebating
B) Misrepresentation
C) Defamation
D) Coercion
Correct Answer: B
Rationale: Misrepresentation occurs when an insurance product or its terms are inaccurately
described in a way that may induce a person to enter into an insurance transaction. Rebating
involves offering an unauthorized inducement, while defamation concerns false statements about
an insurer or producer.
, Q3: An applicant intentionally omits a serious medical condition from a life insurance
application because the applicant believes disclosure will cause a higher premium. Which
concept is most directly implicated?
A) Waiver
B) Estoppel
C) Concealment
D) Subrogation
Correct Answer: C
Rationale: Concealment is the withholding of a material fact that should be disclosed to the
insurer. A material health condition can affect underwriting and therefore may be significant to
the insurer's acceptance and pricing decision.
Q4: A producer receives premium money from a client and deposits it into a personal
checking account before forwarding the premium to the insurer. Which duty is most
clearly implicated?
A) Underwriting authority
B) Fiduciary responsibility
C) Replacement authority
D) Reinsurance responsibility
Correct Answer: B
Rationale: Premiums received by a producer are handled in a fiduciary capacity. Mixing client
or insurer funds with personal funds can violate fiduciary obligations and applicable insurance
regulations.
Q5: An insurer is incorporated in New York and authorized to conduct insurance business
in New York. How is the insurer classified with respect to New York?
A) Foreign
B) Domestic
C) Alien
D) Nonadmitted
Correct Answer: B
Rationale: A domestic insurer is organized under the laws of the state in which it is operating for
classification purposes. A foreign insurer is organized in another U.S. state, while an alien
insurer is organized under the laws of another country.
Q6: An insurer incorporated in Pennsylvania becomes authorized to transact insurance in
New York. How is it classified in New York?
A) Domestic
B) Foreign
PRACTICE EXAM [QUESTION 1- 200] AND ANSWERS
UPDATED 2026/2027| VERIFIED STUDY CONTENT|DETAILED
RATIONALES |INSTANT DOWNLOAD
INTRODUCTION
The New York Life, Accident, and Health Insurance Agent/Broker examination is the combined
New York licensing examination for candidates seeking both Life and Accident & Health lines
of authority. The New York State Department of Financial Services (DFS) oversees insurance
licensing, while PSI Services LLC administers the examination program. The combined
examination is Series 17-55 and is designed to test knowledge of insurance principles, life
insurance, accident and health insurance, annuities, applicable federal requirements, and New
York insurance laws and regulations.
The examination is intended for individuals seeking authorization to transact insurance as a New
York insurance agent or broker in both the Life and Accident & Health lines. Candidates
generally must satisfy applicable prelicensing requirements unless an exemption or waiver
applies. The combined Life/Accident & Health course requirement is listed as 40 hours in the
DFS/PSI candidate information materials.
Passing the examination demonstrates that the candidate has attained the minimum knowledge
required for the licensing process, but passing the examination alone does not guarantee issuance
of a license. Candidates must also satisfy the Department's application, appointment,
documentation, and other licensing requirements.
The current PSI outline identifies Series 17-55 as a 150-item examination with a 2.5-hour time
limit. The questions below are original practice questions, not leaked or reproduced
examination questions. They are designed around the published New York examination content
outline and emphasize application, scenario analysis, and high-yield distinctions.
Core Domains Tested in NYS Life, Accident, and Health
Insurance Exam
New York Insurance Regulation and Producer Licensing
General Insurance Concepts and Contract Law
Life Insurance Fundamentals
Life Insurance Policies and Policy Provisions
Life Insurance Riders, Options, and Beneficiary Provisions
Annuities
Federal Taxation and Qualified Retirement Plans
Life Settlements
Accident and Health Insurance Fundamentals
Individual Health Insurance Policy Provisions
, Disability Income and Related Insurance
Medical Plans and Managed Care
Affordable Care Act and Federal Health Insurance Requirements
Long-Term Care Insurance
Group Health and Blanket Insurance
Government Insurance Programs
Medicare Supplements and Senior Health Insurance
CONTENT AREA TABLE
% of Approx. # of
Content Domain Key Topics Covered
Exam Questions
Licensing, agents, brokers, prohibited
Insurance Regulation 7% 11
practices, fiduciary duties, NY regulation
Risk, hazards, contracts, agency, insurance
General Insurance 4% 6
principles
Uses, needs analysis, business insurance,
Life Insurance Basics 8% 12
underwriting
Life Insurance Policies 8% 12 Term, whole life, universal life, group life
Life Policy Provisions, Beneficiaries, nonforfeiture, loans, riders,
10% 15
Options & Riders settlement options
Fixed, indexed, variable,
Annuities 7% 11
immediate/deferred, payout options
Life insurance taxation, annuities, 1035
Federal Taxation 2% 3
exchanges
401(k), SEP, SIMPLE, Keogh, defined
Qualified Plans 2% 3
benefit/contribution
Settlement contracts, brokers, privacy,
Life Settlements 3% 5
prohibited practices
Accident & Health Disability, medical expense, limited
5% 8
Basics policies, exclusions
Individual Health Policy Required provisions, renewability, grace
4% 6
Provisions periods
Own/any occupation, elimination periods,
Disability Income 6% 9
riders, business coverage
HMO, PPO, POS, EPO, utilization review,
Medical Plans 6% 9
cost sharing
Exchanges, metal levels, essential benefits,
Affordable Care Act 6% 9
APTC
ADLs, care levels, LTC riders, Partnership,
Long-Term Care 6% 9
nonforfeiture
, % of Approx. # of
Content Domain Key Topics Covered
Exam Questions
Group Health & Blanket Group eligibility, COBRA, ERISA,
5% 8
Insurance Medicare coordination
Government Insurance Medicare, Medicaid, Workers'
5% 8
Plans Compensation, SSDI, NY DBL
Medicare Supplements Medigap, standardized plans, marketing,
6% 9
& Senior Insurance replacement
Note: The official Series 17-55 outline specifies 150 examination items and a 2.5-hour time
limit. Percentages above are the published content-outline percentages; approximate question
counts are rounded for study-planning purposes.
QUESTIONS 1-200
Q1: A New York insurance professional represents an insurer under an agency contract
and receives authority directly stated in that contract to solicit and submit applications.
Which type of authority is being exercised?
A) Apparent authority
B) Express authority
C) Implied authority
D) Emergency authority
Correct Answer: B
Rationale: Express authority is authority specifically granted to an agent by the insurer,
normally through the agency contract. Implied authority is authority reasonably necessary to
perform expressly granted duties, while apparent authority arises from the insurer's conduct that
leads a third party to reasonably believe authority exists.
Q2: A producer tells an applicant that a policy provides benefits that are specifically
excluded by the policy. The applicant purchases the policy based on that statement. Which
prohibited practice is most directly involved?
A) Rebating
B) Misrepresentation
C) Defamation
D) Coercion
Correct Answer: B
Rationale: Misrepresentation occurs when an insurance product or its terms are inaccurately
described in a way that may induce a person to enter into an insurance transaction. Rebating
involves offering an unauthorized inducement, while defamation concerns false statements about
an insurer or producer.
, Q3: An applicant intentionally omits a serious medical condition from a life insurance
application because the applicant believes disclosure will cause a higher premium. Which
concept is most directly implicated?
A) Waiver
B) Estoppel
C) Concealment
D) Subrogation
Correct Answer: C
Rationale: Concealment is the withholding of a material fact that should be disclosed to the
insurer. A material health condition can affect underwriting and therefore may be significant to
the insurer's acceptance and pricing decision.
Q4: A producer receives premium money from a client and deposits it into a personal
checking account before forwarding the premium to the insurer. Which duty is most
clearly implicated?
A) Underwriting authority
B) Fiduciary responsibility
C) Replacement authority
D) Reinsurance responsibility
Correct Answer: B
Rationale: Premiums received by a producer are handled in a fiduciary capacity. Mixing client
or insurer funds with personal funds can violate fiduciary obligations and applicable insurance
regulations.
Q5: An insurer is incorporated in New York and authorized to conduct insurance business
in New York. How is the insurer classified with respect to New York?
A) Foreign
B) Domestic
C) Alien
D) Nonadmitted
Correct Answer: B
Rationale: A domestic insurer is organized under the laws of the state in which it is operating for
classification purposes. A foreign insurer is organized in another U.S. state, while an alien
insurer is organized under the laws of another country.
Q6: An insurer incorporated in Pennsylvania becomes authorized to transact insurance in
New York. How is it classified in New York?
A) Domestic
B) Foreign
