2/18/25, 7:43 AM NY Life, Accident, and Health Insurance Agent/Broker Exam Series 17-55 (2025) comprehensive questions and verified answe…
NY Life, Accident, and Health Insurance
Agent/Broker Exam Series 17-55 (2025)
comprehensive questions and verified answers (
detailed & elaborated) ACTUAL
Save
Terms in this set (199)
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
Process 2103 (d-i) 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.
An insurance producer means an insurance agent,
insurance broker, reinsurance intermediary, excess
Producer Definition
lines broker, or any other person required to be
(2101(k))
licensed under the insurance laws of this state to
sell, solicit or negotiate insurance.
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,2/18/25, 7:43 AM NY Life, Accident, and Health Insurance Agent/Broker Exam Series 17-55 (2025) comprehensive questions and verified answe…
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
Who Should be Licensed
to the sale, solicitation or negotiation of insurance;
(2101(k)(1))
(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 means the District of Columbia or any
state or territory of the United States in which an
Home State (2101(l)) 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 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
Negotiate (2101(m)) 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.
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,2/18/25, 7:43 AM NY Life, Accident, and Health Insurance Agent/Broker Exam Series 17-55 (2025) comprehensive questions and verified answe…
Sell or sale means to exchange a contract of
insurance by any means, for money or its equivalent,
Sell (2101(n))
on behalf of a licensed insurer, fraternal benefit
society or health maintenance organization.
Solicit or solicitation means attempting to sell
insurance or asking or urging a person to apply for a
Solicit (2101(o)) - particular kind of insurance from a particular
licensed insurer, fraternal benefit society or health
maintenance organization.
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
Agent 2101(a)
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.
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.
Agent 2101(k) 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).
a licensed insurance representative who does not
represent a specific insurance company, but places
Brokers 2101(c) 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.
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, 2/18/25, 7:43 AM NY Life, Accident, and Health Insurance Agent/Broker Exam Series 17-55 (2025) comprehensive questions and verified answe…
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
Consultants (2107) 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.
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
Adjuster 2101(g) independent adjuster means any person, firm,
association or corporation who for money,
commission or any other thing of value, acts in this
state on behalf of an insurer in the work of
investigating and adjusting claims arising under
insurance contracts issued by such insurer and who
performs such duties required by such insurer as are
incidental to such claims and also includes any
person who for compensation or anything of value
investigates and adjusts claims on behalf of any
independent adjuster.
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NY Life, Accident, and Health Insurance
Agent/Broker Exam Series 17-55 (2025)
comprehensive questions and verified answers (
detailed & elaborated) ACTUAL
Save
Terms in this set (199)
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
Process 2103 (d-i) 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.
An insurance producer means an insurance agent,
insurance broker, reinsurance intermediary, excess
Producer Definition
lines broker, or any other person required to be
(2101(k))
licensed under the insurance laws of this state to
sell, solicit or negotiate insurance.
https://quizlet.com/1007265836/ny-life-accident-and-health-insurance-agentbroker-exam-series-17-55-2025-comprehensive-questions-and-verifi… 1/91
,2/18/25, 7:43 AM NY Life, Accident, and Health Insurance Agent/Broker Exam Series 17-55 (2025) comprehensive questions and verified answe…
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
Who Should be Licensed
to the sale, solicitation or negotiation of insurance;
(2101(k)(1))
(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 means the District of Columbia or any
state or territory of the United States in which an
Home State (2101(l)) 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 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
Negotiate (2101(m)) 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.
https://quizlet.com/1007265836/ny-life-accident-and-health-insurance-agentbroker-exam-series-17-55-2025-comprehensive-questions-and-verifi… 2/91
,2/18/25, 7:43 AM NY Life, Accident, and Health Insurance Agent/Broker Exam Series 17-55 (2025) comprehensive questions and verified answe…
Sell or sale means to exchange a contract of
insurance by any means, for money or its equivalent,
Sell (2101(n))
on behalf of a licensed insurer, fraternal benefit
society or health maintenance organization.
Solicit or solicitation means attempting to sell
insurance or asking or urging a person to apply for a
Solicit (2101(o)) - particular kind of insurance from a particular
licensed insurer, fraternal benefit society or health
maintenance organization.
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
Agent 2101(a)
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.
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.
Agent 2101(k) 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).
a licensed insurance representative who does not
represent a specific insurance company, but places
Brokers 2101(c) 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.
https://quizlet.com/1007265836/ny-life-accident-and-health-insurance-agentbroker-exam-series-17-55-2025-comprehensive-questions-and-verifi… 3/91
, 2/18/25, 7:43 AM NY Life, Accident, and Health Insurance Agent/Broker Exam Series 17-55 (2025) comprehensive questions and verified answe…
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
Consultants (2107) 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.
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
Adjuster 2101(g) independent adjuster means any person, firm,
association or corporation who for money,
commission or any other thing of value, acts in this
state on behalf of an insurer in the work of
investigating and adjusting claims arising under
insurance contracts issued by such insurer and who
performs such duties required by such insurer as are
incidental to such claims and also includes any
person who for compensation or anything of value
investigates and adjusts claims on behalf of any
independent adjuster.
https://quizlet.com/1007265836/ny-life-accident-and-health-insurance-agentbroker-exam-series-17-55-2025-comprehensive-questions-and-verifi… 4/91
