XCEL - NY LIFE, ACCIDENT, & HEALTH
LAWS EXAM QUESTIONS AND
ANSWERS
30 days - ANSWER-An agent must report to the Superintendent any administrative
action taken against the agent in another jurisdiction or by another governmental
agency in New York or any criminal prosecution in any jurisdiction within ___ days of
the final disposition of the matter.
licensed or authorized to do business in New York. - ANSWER-No one is allowed to
act as an agent for any insurance company or health maintenance organization that
is not
30 days - ANSWER-Any person who knows or suspects that an insurance
transaction or life settlement may be fraudulent must report it to the Superintendent
within ___ days.
Appointed - ANSWER-An agent cannot act as an agent for an insurer unless he or
she is ____________ to work for that insurer.
15 days - ANSWER-Insurers are responsible for submitting an appointment notice to
the Superintendent within ___ days from the date the agency contract is executed or
submission of first insurance application.
Soliciting - ANSWER-involves attempting to sell insurance or urging a person to
apply for a specific type of insurance from a particular insurer.
90 days - ANSWER-The Superintendent may issue a temporary insurance agent
license for a maximum period of ___ days without requiring an examination.
60 days - ANSWER-an agent must apply for license renewal no later than ___ days
before the date on which it expires.
15 hours, every 2 years - ANSWER-Resident agents are required to complete ___
hours of continuing education every ___ years to keep their license active.
1 year - ANSWER-A licensee who has allowed their license to lapse within the last
___ year(s) can apply for reinstatement with an application and reinstatement fee.
10 days - ANSWER-The Superintendent must give written notice to an applicant or
licensee if he or she decides to deny or not renew an application for a license and
must hold a hearing within ___ days.
Superintendent of Insurance - ANSWER-The head of the Department of Insurance.
Appointed by the Governor for a 4-year term.
LAWS EXAM QUESTIONS AND
ANSWERS
30 days - ANSWER-An agent must report to the Superintendent any administrative
action taken against the agent in another jurisdiction or by another governmental
agency in New York or any criminal prosecution in any jurisdiction within ___ days of
the final disposition of the matter.
licensed or authorized to do business in New York. - ANSWER-No one is allowed to
act as an agent for any insurance company or health maintenance organization that
is not
30 days - ANSWER-Any person who knows or suspects that an insurance
transaction or life settlement may be fraudulent must report it to the Superintendent
within ___ days.
Appointed - ANSWER-An agent cannot act as an agent for an insurer unless he or
she is ____________ to work for that insurer.
15 days - ANSWER-Insurers are responsible for submitting an appointment notice to
the Superintendent within ___ days from the date the agency contract is executed or
submission of first insurance application.
Soliciting - ANSWER-involves attempting to sell insurance or urging a person to
apply for a specific type of insurance from a particular insurer.
90 days - ANSWER-The Superintendent may issue a temporary insurance agent
license for a maximum period of ___ days without requiring an examination.
60 days - ANSWER-an agent must apply for license renewal no later than ___ days
before the date on which it expires.
15 hours, every 2 years - ANSWER-Resident agents are required to complete ___
hours of continuing education every ___ years to keep their license active.
1 year - ANSWER-A licensee who has allowed their license to lapse within the last
___ year(s) can apply for reinstatement with an application and reinstatement fee.
10 days - ANSWER-The Superintendent must give written notice to an applicant or
licensee if he or she decides to deny or not renew an application for a license and
must hold a hearing within ___ days.
Superintendent of Insurance - ANSWER-The head of the Department of Insurance.
Appointed by the Governor for a 4-year term.
