New York Insurance Laws Exam 2025
Questions and Answers
The time limit on certain defenses under individual health policies in New York is:
A
20 days
B
3 years
C
90 days
D
2 years - --CORRECT ANSWER--D
2 years
The Superintendent may examine the books and records of any insurer based on
the:
A
....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 1
,Permission of a producer
B
Authority granted by the state
C
Authority granted by the Secretary of State
D
Permission of the insurer - --CORRECT ANSWER--B
Authority granted by the state
If a licensee uses an assumed name, the name must be approved by the
Superintendent:
A
Before the licensee may use it to transact insurance in New York
B
Within 30 days of using the assumed name
C
Only if they change their legal name
D
....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 2
, Upon license renewal - --CORRECT ANSWER--A
Before the licensee may use it to transact insurance in New York
In New York, basic hospital insurance must provide coverage for any continuous
hospital confinement per insured for a period of at least:
A
20 days
B
30 days
C
60 days
D
10 days - --CORRECT ANSWER--C
60 days
If two individuals are licensed in the same line with two different companies join
together to sell a policy, the commission can be:
A
Shared between the two agents and the insured
B
....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 3
Questions and Answers
The time limit on certain defenses under individual health policies in New York is:
A
20 days
B
3 years
C
90 days
D
2 years - --CORRECT ANSWER--D
2 years
The Superintendent may examine the books and records of any insurer based on
the:
A
....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 1
,Permission of a producer
B
Authority granted by the state
C
Authority granted by the Secretary of State
D
Permission of the insurer - --CORRECT ANSWER--B
Authority granted by the state
If a licensee uses an assumed name, the name must be approved by the
Superintendent:
A
Before the licensee may use it to transact insurance in New York
B
Within 30 days of using the assumed name
C
Only if they change their legal name
D
....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 2
, Upon license renewal - --CORRECT ANSWER--A
Before the licensee may use it to transact insurance in New York
In New York, basic hospital insurance must provide coverage for any continuous
hospital confinement per insured for a period of at least:
A
20 days
B
30 days
C
60 days
D
10 days - --CORRECT ANSWER--C
60 days
If two individuals are licensed in the same line with two different companies join
together to sell a policy, the commission can be:
A
Shared between the two agents and the insured
B
....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 3
