New York PI Exam Practice Correctly Answered Questions| UpToDate | Already Graded A+

Who regulates PI's in NY? ☑: The Department of State, Division of Licensing What type of crime is operating as a PI without a license? ☑: Class B Misdemeanor A corporation's PI license can be revoked if ___% or more of the corporate stock is held by a person who cannot meet the character standard set for an individual PI license. ☑: 10 Who has the power to enforce the provisions of the PI licensing law? ☑: The Secretary of State Is a licensee obliged to supply their books or records to the State upon State Request? ☑: Yes What is the term of a PI license? ☑: 2 years 2 What is the cost of an Individual PI license? ☑: $400 What is the cost of a Corporate PI license? ☑: $500 Is a PI required to be bonded? ☑: yes Is a PI required to be insured? ☑: No What is the surety bond required of a PI? ☑: $10,000 If a NY PI license is to be issued to a non-resident, what must the applicant file a written consent to? ☑: Consent to the jurisdiction of the courts of NY in any case or cases arising from PI services within NY state No PI license shall be issued to a person under the age of ___