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NY LIFE, ACCIDENT, AND HEALTH
INSURANCE AGENT/BROKER EXAM
SERIES 17-55 2025 UPDATED ACTUAL
EXAM WITH CORRECT SOLUTIONS.
Process 2103 (d-i) - correct answer- 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)) - correct answer- 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)) - correct answer- 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
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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)) - correct answer- 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)) - correct answer- 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
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insurance from licensed insurers, fraternal benefit societies or
health maintenance organizations for purchasers.
Sell (2101(n)) - correct answer- 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)) - - correct answer- 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) - correct answer- 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) - correct answer- insurance producer means an
insurance agent, insurance broker, reinsurance intermediary,
excess lines broker, or any other person required to be licensed
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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) - correct answer- 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) - correct answer- any licensed attorney at law
of this state.
Consultants (2107) - correct answer- 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
NY LIFE, ACCIDENT, AND HEALTH
INSURANCE AGENT/BROKER EXAM
SERIES 17-55 2025 UPDATED ACTUAL
EXAM WITH CORRECT SOLUTIONS.
Process 2103 (d-i) - correct answer- 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)) - correct answer- 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)) - correct answer- 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
,2 | Page
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)) - correct answer- 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)) - correct answer- 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
,3 | Page
insurance from licensed insurers, fraternal benefit societies or
health maintenance organizations for purchasers.
Sell (2101(n)) - correct answer- 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)) - - correct answer- 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) - correct answer- 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) - correct answer- insurance producer means an
insurance agent, insurance broker, reinsurance intermediary,
excess lines broker, or any other person required to be licensed
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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) - correct answer- 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) - correct answer- any licensed attorney at law
of this state.
Consultants (2107) - correct answer- 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
