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NY Life, Accident & Health Insurance
Agent/Broker Exam Series 17-55 Practice
Questions with Verified Answers & Detailed
Rationales | 2026/2027 Grade A Study Guide
1. Question: 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. Any person, firm, or corporation that has
complied with the Insurance Code.
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Rationale: The authority to license is contingent upon compliance with the
statutory requirements outlined in the Insurance Code, not exclusively on
age, residency, or business structure. Option B accurately reflects this broad,
compliance-based eligibility.
2. Question: What is the minimum age an individual applicant must be at
the time an insurance producer license is issued?
A. 16 years
B. 18 years
C. 21 years
D. 25 years
CORRECT ANSWER: B. 18 years
Rationale: This is a statutory requirement. 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.
3. Question: Which action is required of an individual applicant for an
insurance producer license in New York?
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A. Submit to and pass a written examination as required.
B. Complete a 6-month apprenticeship.
C. Submit three letters of professional recommendation.
D. Hold a related college degree.
CORRECT ANSWER: A. Submit to and pass a written examination as
required.
Rationale: Passing the state-mandated written examination is a core
requirement to demonstrate knowledge of insurance laws, regulations, and
concepts. The other options are not standard prerequisites for licensure.
4. Question: A nurse manager is reviewing the roles of staff. According to
the definition, 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 only executive administrative support.
D. Process claims without client contact.
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CORRECT ANSWER: B. Sell, solicit, or negotiate insurance.
Rationale: 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.
5. Question: Which of the following individuals would likely be 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 only indirectly related to
sales and who receives no commission.
C. A broker who places business with various companies on behalf of
clients.
D. An individual who negotiates policy benefits directly with
prospective purchasers.
NY Life, Accident & Health Insurance
Agent/Broker Exam Series 17-55 Practice
Questions with Verified Answers & Detailed
Rationales | 2026/2027 Grade A Study Guide
1. Question: 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. Any person, firm, or corporation that has
complied with the Insurance Code.
,2|Page
Rationale: The authority to license is contingent upon compliance with the
statutory requirements outlined in the Insurance Code, not exclusively on
age, residency, or business structure. Option B accurately reflects this broad,
compliance-based eligibility.
2. Question: What is the minimum age an individual applicant must be at
the time an insurance producer license is issued?
A. 16 years
B. 18 years
C. 21 years
D. 25 years
CORRECT ANSWER: B. 18 years
Rationale: This is a statutory requirement. 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.
3. Question: Which action is required of an individual applicant for an
insurance producer license in New York?
,3|Page
A. Submit to and pass a written examination as required.
B. Complete a 6-month apprenticeship.
C. Submit three letters of professional recommendation.
D. Hold a related college degree.
CORRECT ANSWER: A. Submit to and pass a written examination as
required.
Rationale: Passing the state-mandated written examination is a core
requirement to demonstrate knowledge of insurance laws, regulations, and
concepts. The other options are not standard prerequisites for licensure.
4. Question: A nurse manager is reviewing the roles of staff. According to
the definition, 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 only executive administrative support.
D. Process claims without client contact.
, 4|Page
CORRECT ANSWER: B. Sell, solicit, or negotiate insurance.
Rationale: 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.
5. Question: Which of the following individuals would likely be 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 only indirectly related to
sales and who receives no commission.
C. A broker who places business with various companies on behalf of
clients.
D. An individual who negotiates policy benefits directly with
prospective purchasers.
