NY Life, Accident, and Health Insurance
Agent/Broker Exam Series 17-55 Already
Passed
Process 2103 (d-i) ✔✔1. The Superintendent may issue a license to any person, firm or
corporation who has complied with the requirements of the Insurance Code, authorizing the
licensee to act as agent of any authorized insurer. Every individual applicant for a license under
this section and every proposed sub-licensee must be 18 years of age or older at the time of
issuance of such license. The person must submit to and pass a written examination required by
the Superintendent.
Producer Definition (2101(k)) ✔✔An insurance producer means an insurance agent, insurance
broker, reinsurance intermediary, excess lines broker, or any other person required to be licensed
under the insurance laws of this state to sell, solicit or negotiate insurance.
Who Should be Licensed (2101(k)(1)) ✔✔1. The term "insurance producer" does not include:
An officer, director or employee of a licensed insurer, fraternal benefit society or health
maintenance organization or of a licensed insurance producer, provided that the officer, director
or employee does not receive any commission on policies written or sold to insure risks residing,
located or to be performed in this state and:
,(a) the officer, director or employee's activities are executive, administrative, managerial, clerical
or a combination of these, and are only indirectly related to the sale, solicitation or negotiation of
insurance;
(b) the officer, director or employee's function relates to underwriting, loss control, Inspection or
the processing, adjusting, investigating or settling of a claim on a contract of Insurance; or (c) the
officer, director or employee is acting in the capacity of a special agent or agency supervisor
assisting licensed insurance producers where the person's activities are limited to providing
technical advice and assistance to licensed insurance producers and do not include the sale,
solicitation or negotiation of insurance.
Home State (2101(l)) ✔✔Home state means the District of Columbia or any state or territory of
the United States in which an insurance producer maintains his, her or its principal place of
residence or principal place of business and is licensed to act as an insurance producer.
Negotiate (2101(m)) ✔✔Negotiate or negotiation means the act of conferring directly with or
offering advice directly to a purchaser or prospective purchaser of a particular contract of
insurance concerning any of the substantive benefits, terms or conditions of the contract,
provided that the person engaged in that act either sells insurance or obtains insurance from
licensed insurers, fraternal benefit societies or health maintenance organizations for purchasers.
,Sell (2101(n)) ✔✔Sell or sale means to exchange a contract of insurance by any means, for
money or its equivalent, on behalf of a licensed insurer, fraternal benefit society or health
maintenance organization.
Solicit (2101(o)) - ✔✔Solicit or solicitation means attempting to sell insurance or asking or
urging a person to apply for a particular kind of insurance from a particular licensed insurer,
fraternal benefit society or health maintenance organization.
Agent 2101(a) ✔✔In this section, insurance agent means any authorized or acknowledged agent
of an insurer, fraternal benefit society or health maintenance organization issued a certificate of
authority pursuant to the public health law, and any sub-agent or other representative of such an
agent, who acts as such in the solicitation of, negotiation for, or sale of, an insurance, health
maintenance organization or annuity contract, other than as a licensed insurance broker.
Agent 2101(k) ✔✔insurance producer means an insurance agent, insurance broker, reinsurance
intermediary, excess lines broker, or any other person required to be licensed under the insurance
laws of this state to sell, solicit or negotiate insurance.
The applicant must be at least 18 years of age at the time of license issuance.
An examination is required for each applicant, except where noted for applicants with a change
in residency moving to New York (see code 2103 below).
, Brokers 2101(c) ✔✔a licensed insurance representative who does not represent a specific
insurance company, but places business among various companies. Legally, the broker is usually
regarded as a representative of the insured rather than the insuring company.
Brokers 2101(h) ✔✔any licensed attorney at law of this state.
Consultants (2107) ✔✔The Superintendent may issue an insurance consultant's license to any
person, firm, association or corporation who or which has complied with the requirements of this
chapter with respect to either: life insurance, meaning all of those kinds of insurance authorized.
Any such license issued to a firm or association shall authorize only the members of such firm or
association named in such license as sub-licensees to act individually as consultants there under,
and any such license issued to a corporation shall authorize only the officers and directors
thereof named in such license as sub-licensees to act individually as consultants there under.
Adjuster 2101(g) ✔✔The Superintendent may, in his discretion require an applicant for a license
under this section to present evidence, in such form as he prescribes, that such applicant has been
employed, for a period which he deems reasonable, by an insurer, an independent adjuster or a
public adjuster, in the performance of duties which in his opinion would provide the applicant
with a satisfactory preliminary training for the duties and responsibilities which would evolve
upon him as a licensee under this section. The term independent adjuster means any person, firm,
Agent/Broker Exam Series 17-55 Already
Passed
Process 2103 (d-i) ✔✔1. The Superintendent may issue a license to any person, firm or
corporation who has complied with the requirements of the Insurance Code, authorizing the
licensee to act as agent of any authorized insurer. Every individual applicant for a license under
this section and every proposed sub-licensee must be 18 years of age or older at the time of
issuance of such license. The person must submit to and pass a written examination required by
the Superintendent.
Producer Definition (2101(k)) ✔✔An insurance producer means an insurance agent, insurance
broker, reinsurance intermediary, excess lines broker, or any other person required to be licensed
under the insurance laws of this state to sell, solicit or negotiate insurance.
Who Should be Licensed (2101(k)(1)) ✔✔1. The term "insurance producer" does not include:
An officer, director or employee of a licensed insurer, fraternal benefit society or health
maintenance organization or of a licensed insurance producer, provided that the officer, director
or employee does not receive any commission on policies written or sold to insure risks residing,
located or to be performed in this state and:
,(a) the officer, director or employee's activities are executive, administrative, managerial, clerical
or a combination of these, and are only indirectly related to the sale, solicitation or negotiation of
insurance;
(b) the officer, director or employee's function relates to underwriting, loss control, Inspection or
the processing, adjusting, investigating or settling of a claim on a contract of Insurance; or (c) the
officer, director or employee is acting in the capacity of a special agent or agency supervisor
assisting licensed insurance producers where the person's activities are limited to providing
technical advice and assistance to licensed insurance producers and do not include the sale,
solicitation or negotiation of insurance.
Home State (2101(l)) ✔✔Home state means the District of Columbia or any state or territory of
the United States in which an insurance producer maintains his, her or its principal place of
residence or principal place of business and is licensed to act as an insurance producer.
Negotiate (2101(m)) ✔✔Negotiate or negotiation means the act of conferring directly with or
offering advice directly to a purchaser or prospective purchaser of a particular contract of
insurance concerning any of the substantive benefits, terms or conditions of the contract,
provided that the person engaged in that act either sells insurance or obtains insurance from
licensed insurers, fraternal benefit societies or health maintenance organizations for purchasers.
,Sell (2101(n)) ✔✔Sell or sale means to exchange a contract of insurance by any means, for
money or its equivalent, on behalf of a licensed insurer, fraternal benefit society or health
maintenance organization.
Solicit (2101(o)) - ✔✔Solicit or solicitation means attempting to sell insurance or asking or
urging a person to apply for a particular kind of insurance from a particular licensed insurer,
fraternal benefit society or health maintenance organization.
Agent 2101(a) ✔✔In this section, insurance agent means any authorized or acknowledged agent
of an insurer, fraternal benefit society or health maintenance organization issued a certificate of
authority pursuant to the public health law, and any sub-agent or other representative of such an
agent, who acts as such in the solicitation of, negotiation for, or sale of, an insurance, health
maintenance organization or annuity contract, other than as a licensed insurance broker.
Agent 2101(k) ✔✔insurance producer means an insurance agent, insurance broker, reinsurance
intermediary, excess lines broker, or any other person required to be licensed under the insurance
laws of this state to sell, solicit or negotiate insurance.
The applicant must be at least 18 years of age at the time of license issuance.
An examination is required for each applicant, except where noted for applicants with a change
in residency moving to New York (see code 2103 below).
, Brokers 2101(c) ✔✔a licensed insurance representative who does not represent a specific
insurance company, but places business among various companies. Legally, the broker is usually
regarded as a representative of the insured rather than the insuring company.
Brokers 2101(h) ✔✔any licensed attorney at law of this state.
Consultants (2107) ✔✔The Superintendent may issue an insurance consultant's license to any
person, firm, association or corporation who or which has complied with the requirements of this
chapter with respect to either: life insurance, meaning all of those kinds of insurance authorized.
Any such license issued to a firm or association shall authorize only the members of such firm or
association named in such license as sub-licensees to act individually as consultants there under,
and any such license issued to a corporation shall authorize only the officers and directors
thereof named in such license as sub-licensees to act individually as consultants there under.
Adjuster 2101(g) ✔✔The Superintendent may, in his discretion require an applicant for a license
under this section to present evidence, in such form as he prescribes, that such applicant has been
employed, for a period which he deems reasonable, by an insurer, an independent adjuster or a
public adjuster, in the performance of duties which in his opinion would provide the applicant
with a satisfactory preliminary training for the duties and responsibilities which would evolve
upon him as a licensee under this section. The term independent adjuster means any person, firm,
