NY LIFE, ACCIDENT, AND HEALTH INSURANCE
AGENT/ EXAM SERIES 17-55| 200 QUESTIONS|
GRADED A 2026 UPDATED VERSION
Process 2103 (d-i) - Answer1. 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.
Misrepresentation (2123; Reg. 64, Part 216.3) - AnswerIt is a violation for an
agent to make false or misleading statements or unfair coverage comparisons.
False Advertising (2603) - AnswerIt is a violation to make false or misleading
statements regarding the advertising of insurance products. A producing agent may
not issue any illustration or statement used to advertise his/her business unless the
agent is authorized to transact those lines of authority.
Defamation of Insurer (2604) - AnswerIt is any false or malicious communication,
written or oral, that injures another's reputation, fame or character. Individuals and
companies both can be defamed. Unethical agents practice defamation by
spreading rumors or falsehoods about the character of a competing agent or the
financial condition of another insurance company. Both of these actions are
considered illegal.
Unfair Discrimination (2606-2608, 2612) - AnswerNeither agents nor insurance
companies are permitted to discriminate against perspective insureds. This means
that a person cannot be given a different rate for coverage than another person in
identical circumstances. They may not discriminate against a person solely
because of an applicants' race, religion, occupation, where they live or their
financial status.
,Producer Definition (2101(k)) - AnswerAn 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)) - Answer1. 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) theofficer, 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)) - AnswerHome 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)) - AnswerNegotiate 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)) - AnswerSell 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)) - - AnswerSolicit 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) - AnswerIn 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) - Answerinsurance 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) - Answera licensed insurance representative who does not
AGENT/ EXAM SERIES 17-55| 200 QUESTIONS|
GRADED A 2026 UPDATED VERSION
Process 2103 (d-i) - Answer1. 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.
Misrepresentation (2123; Reg. 64, Part 216.3) - AnswerIt is a violation for an
agent to make false or misleading statements or unfair coverage comparisons.
False Advertising (2603) - AnswerIt is a violation to make false or misleading
statements regarding the advertising of insurance products. A producing agent may
not issue any illustration or statement used to advertise his/her business unless the
agent is authorized to transact those lines of authority.
Defamation of Insurer (2604) - AnswerIt is any false or malicious communication,
written or oral, that injures another's reputation, fame or character. Individuals and
companies both can be defamed. Unethical agents practice defamation by
spreading rumors or falsehoods about the character of a competing agent or the
financial condition of another insurance company. Both of these actions are
considered illegal.
Unfair Discrimination (2606-2608, 2612) - AnswerNeither agents nor insurance
companies are permitted to discriminate against perspective insureds. This means
that a person cannot be given a different rate for coverage than another person in
identical circumstances. They may not discriminate against a person solely
because of an applicants' race, religion, occupation, where they live or their
financial status.
,Producer Definition (2101(k)) - AnswerAn 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)) - Answer1. 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) theofficer, 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)) - AnswerHome 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)) - AnswerNegotiate 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)) - AnswerSell 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)) - - AnswerSolicit 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) - AnswerIn 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) - Answerinsurance 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) - Answera licensed insurance representative who does not
