NYS 17-74 PROPERTY AND
CASUALTY INSURANCE EXAM PREP
2026 Q&A WITH DETAILED
RATIONALES (PASS ON FIRST TRY)
This comprehensive exam preparation bundle features 200 verified
practice questions, answers, and detailed rationales tailored directly to
the 2026 NYS 17-74 Property and Casualty Insurance Exam. Each
question targets critical test concepts including New York auto liability
limits, No-Fault laws, worker's compensation regulations, and fair claim
settlement practices. The material uses a specialized high-utility layout
designed specifically to maximize readability, retention, and quick recall
for student platforms. Studying this text ensures an efficient review of
key legal definitions, unfair trade regulations, and foundational insurance
principles mandatory for passing on your first attempt. It serves as an
essential digital study guide for aspiring agents, brokers, and insurance
professionals seeking state certification.
1. Under the New York Insurance Law, a
domestic insurer is defined as an insurance
company formed under the laws of:
A. Any state other than New York
B. Any country outside the United States
C. The State of New York
D. The federal government of the United States
Answer: C. The State of New York
Rationale: A domestic insurer is formed under
the laws of New York. An insurer formed under
,the laws of any other US state is a foreign
insurer, and one formed outside the United
States is an alien insurer.
2. The Superintendent of Financial Services is
appointed by whom?
A. The state legislature
B. The Governor, with the advice and consent of
the Senate
C. A committee of insurance executives
D. The state Attorney General
Answer: B. The Governor, with the advice and
consent of the Senate
Rationale: The Superintendent of Financial
Services heads the New York Department of
Financial Services (DFS) and is appointed
directly by the Governor, subject to Senate
confirmation.
3. If the Superintendent finds that a producer
has committed a violation, what is the
maximum standard civil penalty that may be
imposed per violation under general insurance
law provisions?
A. $500
B. $1,000
,C. $5,000
D. $10,000
Answer: A. $500
Rationale: Unless a specific statute dictates a
different amount, the general penalty for a
violation of the New York Insurance Law where
no other penalty is prescribed is up to $500 per
violation.
4. To maintain a resident insurance producer
license in New York, how many hours of
continuing education (CE) must be completed
every biennial renewal period?
A. 12 hours
B. 15 hours
C. 24 hours
D. 30 hours
Answer: B. 15 hours
Rationale: New York requires resident
licensees to complete 15 hours of approved
continuing education every 2-year (biennial)
licensing cycle.
5. A producer's license in New York expires on
which of the following dates?
, A. December 31st every year
B. The producer's birthday in alternating years
based on birth year
C. Exactly two years from the date it was issued
D. June 30th on odd-numbered years
Answer: B. The producer's birthday in alternating
years based on birth year
Rationale: New York insurance licenses renew
biennially on the licensee's birthday.
Individuals born in even-numbered years
renew in even-numbered years, and those born
in odd-numbered years renew in odd-
numbered years.
6. Under NY Insurance Law, an individual must
be at least what age to be licensed as an
insurance agent or broker?
A. 16 years old
B. 18 years old
C. 21 years old
D. 25 years old
Answer: B. 18 years old
Rationale: The minimum legal age requirement
to apply for and hold a resident or nonresident
producer license in New York is 18 years.
CASUALTY INSURANCE EXAM PREP
2026 Q&A WITH DETAILED
RATIONALES (PASS ON FIRST TRY)
This comprehensive exam preparation bundle features 200 verified
practice questions, answers, and detailed rationales tailored directly to
the 2026 NYS 17-74 Property and Casualty Insurance Exam. Each
question targets critical test concepts including New York auto liability
limits, No-Fault laws, worker's compensation regulations, and fair claim
settlement practices. The material uses a specialized high-utility layout
designed specifically to maximize readability, retention, and quick recall
for student platforms. Studying this text ensures an efficient review of
key legal definitions, unfair trade regulations, and foundational insurance
principles mandatory for passing on your first attempt. It serves as an
essential digital study guide for aspiring agents, brokers, and insurance
professionals seeking state certification.
1. Under the New York Insurance Law, a
domestic insurer is defined as an insurance
company formed under the laws of:
A. Any state other than New York
B. Any country outside the United States
C. The State of New York
D. The federal government of the United States
Answer: C. The State of New York
Rationale: A domestic insurer is formed under
the laws of New York. An insurer formed under
,the laws of any other US state is a foreign
insurer, and one formed outside the United
States is an alien insurer.
2. The Superintendent of Financial Services is
appointed by whom?
A. The state legislature
B. The Governor, with the advice and consent of
the Senate
C. A committee of insurance executives
D. The state Attorney General
Answer: B. The Governor, with the advice and
consent of the Senate
Rationale: The Superintendent of Financial
Services heads the New York Department of
Financial Services (DFS) and is appointed
directly by the Governor, subject to Senate
confirmation.
3. If the Superintendent finds that a producer
has committed a violation, what is the
maximum standard civil penalty that may be
imposed per violation under general insurance
law provisions?
A. $500
B. $1,000
,C. $5,000
D. $10,000
Answer: A. $500
Rationale: Unless a specific statute dictates a
different amount, the general penalty for a
violation of the New York Insurance Law where
no other penalty is prescribed is up to $500 per
violation.
4. To maintain a resident insurance producer
license in New York, how many hours of
continuing education (CE) must be completed
every biennial renewal period?
A. 12 hours
B. 15 hours
C. 24 hours
D. 30 hours
Answer: B. 15 hours
Rationale: New York requires resident
licensees to complete 15 hours of approved
continuing education every 2-year (biennial)
licensing cycle.
5. A producer's license in New York expires on
which of the following dates?
, A. December 31st every year
B. The producer's birthday in alternating years
based on birth year
C. Exactly two years from the date it was issued
D. June 30th on odd-numbered years
Answer: B. The producer's birthday in alternating
years based on birth year
Rationale: New York insurance licenses renew
biennially on the licensee's birthday.
Individuals born in even-numbered years
renew in even-numbered years, and those born
in odd-numbered years renew in odd-
numbered years.
6. Under NY Insurance Law, an individual must
be at least what age to be licensed as an
insurance agent or broker?
A. 16 years old
B. 18 years old
C. 21 years old
D. 25 years old
Answer: B. 18 years old
Rationale: The minimum legal age requirement
to apply for and hold a resident or nonresident
producer license in New York is 18 years.
