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PSI - NY LIFE, ACCIDENT AND HEALTH PRACTICE EXAM 17-55, JUST MY CARDS + 199+ 75 ( TEST) (LOT) QUESTIONS WITH COMPLETE SOLUTIONS $12.49
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PSI - NY LIFE, ACCIDENT AND HEALTH PRACTICE EXAM 17-55, JUST MY CARDS + 199+ 75 ( TEST) (LOT) QUESTIONS WITH COMPLETE SOLUTIONS
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PSI - NY LIFE, ACCIDENT AND HEALTH PRACTICE EXAM 17-55, JUST MY CARDS + 199+ 75 ( TEST) (LOT) QUESTIONS WITH COMPLETE SOLUTIONS

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  • August 19, 2024
  • 48
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • psi ny life accident and health practice exam 1

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  • NY State Insurance
  • NY State Insurance

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NY LIFE, ACCIDENT, AND HEALTH
INSURANCE AGENT/BROKER EXAM
SERIES 17-55 QUESTIONS WITH
COMPLETE SOLUTIONS
Processs2103s(d-i)s-
sans✔✔1.sThesSuperintendentsmaysissuesaslicensestosanysperson,sfirmsorscorporationswh

oshasscompliedswithsthesrequirementssofsthesInsurancesCode,sauthorizingstheslicenseestos
actsassagentsofsanysauthorizedsinsurer.sEverysindividualsapplicantsforsaslicensesundersthiss
sectionsandseverysproposedssub-
licenseesmustsbes18syearssofsagesorsoldersatsthestimesofsissuancesofssuchslicense.sThespe
rsonsmustssubmitstosandspasssaswrittensexaminationsrequiredsbysthesSuperintendent.

ProducersDefinitions(2101(k))s-
sans✔✔Ansinsurancesproducersmeanssansinsurancesagent,sinsurancesbroker,sreinsuranc

esintermediary,sexcessslinessbroker,sorsanysotherspersonsrequiredstosbeslicensedsundersth
esinsuranceslawssofsthissstatestossell,ssolicitsorsnegotiatesinsurance.

WhosShouldsbesLicenseds(2101(k)(1))s-
sans✔✔1.sThesterms"insurancesproducer"sdoessnotsinclude:sAnsofficer,sdirectorsorsemploy

eesofsaslicensedsinsurer,sfraternalsbenefitssocietysorshealthsmaintenancesorganizationsorso
fsaslicensedsinsurancesproducer,sprovidedsthatsthesofficer,sdirectorsorsemployeesdoessnotsr
eceivesanyscommissionsonspoliciesswrittensorssoldstosinsuresriskssresiding,slocatedsorstosb
esperformedsinsthissstatesand:
(a)sthesofficer,sdirectorsorsemployee'ssactivitiessaresexecutive,sadministrative,smanagerial,
sclericalsorsascombinationsofsthese,sandsaresonlysindirectlysrelatedstosthessale,ssolicitations

orsnegotiationsofsinsurance;
(b)sthesofficer,sdirectorsorsemployee'ssfunctionsrelatesstosunderwriting,slossscontrol,sInspec
tionsorsthesprocessing,sadjusting,sinvestigatingsorssettlingsofsasclaimsonsascontractsofsInsur
ance;sors(c)sthesofficer,sdirectorsorsemployeesissactingsinsthescapacitysofsasspecialsagentsor
sagencyssupervisorsassistingslicensedsinsurancesproducersswheresthesperson'ssactivitiess

areslimitedstosprovidingstechnicalsadvicesandsassistancestoslicensedsinsurancesproducerss
andsdosnotsincludesthessale,ssolicitationsorsnegotiationsofsinsurance.

HomesStates(2101(l))s-
sans✔✔HomesstatesmeanssthesDistrictsofsColumbiasorsanysstatesorsterritorysofsthesUniteds

Statessinswhichsansinsurancesproducersmaintainsshis,shersorsitssprincipalsplacesofsresidenc
esorsprincipalsplacesofsbusinesssandsisslicensedstosactsassansinsurancesproducer.

Negotiates(2101(m))s-
sans✔✔Negotiatesorsnegotiationsmeanssthesactsofsconferringsdirectlyswithsorsofferingsadvi

,cesdirectlystosaspurchasersorsprospectivespurchasersofsasparticularscontractsofsinsurancesc
oncerningsanysofsthessubstantivesbenefits,stermssorsconditionssofsthescontract,sprovidedsth
atsthespersonsengagedsinsthatsactseitherssellssinsurancesorsobtainssinsurancesfromslicense
dsinsurers,sfraternalsbenefitssocietiessorshealthsmaintenancesorganizationssforspurchasers
.

Sells(2101(n))s-
sans✔✔Sellsorssalesmeansstosexchangesascontractsofsinsurancesbysanysmeans,sforsmoney

sorsitssequivalent,sonsbehalf sofsaslicensedsinsurer,sfraternalsbenefitssocietysorshealthsmaint

enancesorganization.

Solicits(2101(o))s-s-
sans✔✔Solicitsorssolicitationsmeanssattemptingstossellsinsurancesorsaskingsorsurgingsasper

sonstosapplysforsasparticularskindsofsinsurancesfromsasparticularslicensedsinsurer,sfraternals
benefitssocietysorshealthsmaintenancesorganization.

Agents2101(a)s-
sans✔✔Insthisssection,sinsurancesagentsmeanssanysauthorizedsorsacknowledgedsagentsof

sansinsurer,sfraternalsbenefitssocietysorshealthsmaintenancesorganizationsissuedsascertifica

tesofsauthorityspursuantstosthespublicshealthslaw,sandsanyssub-
agentsorsothersrepresentativesofssuchsansagent,swhosactssasssuchsinsthessolicitationsof,sne
gotiationsfor,sorssalesof,sansinsurance,shealthsmaintenancesorganizationsorsannuityscontra
ct,sothersthansassaslicensedsinsurancesbroker.

Agents2101(k)s-
sans✔✔insurancesproducersmeanssansinsurancesagent,sinsurancesbroker,sreinsurancesint

ermediary,sexcessslinessbroker,sorsanysotherspersonsrequiredstosbeslicensedsundersthesins
uranceslawssofsthissstatestossell,ssolicitsorsnegotiatesinsurance.s
Thesapplicantsmustsbesatsleasts18syearssofsagesatsthestimesofslicensesissuance.s
Ansexaminationsissrequiredsforseachsapplicant,sexceptswheresnotedsforsapplicantsswithsasc
hangesinsresidencysmovingstosNewsYorks(seescodes2103sbelow).

Brokerss2101(c)s-
sans✔✔aslicensedsinsurancesrepresentativeswhosdoessnotsrepresentsasspecificsinsurances

company,sbutsplacessbusinesssamongsvariousscompanies.sLegally,sthesbrokersissusuallysr
egardedsassasrepresentativesofsthesinsuredsrathersthansthesinsuringscompany.

Brokerss2101(h)s-sans✔✔anyslicensedsattorneysatslawsofsthissstate.

Consultantss(2107)s-
sans✔✔ThesSuperintendentsmaysissuesansinsurancesconsultant'sslicensestosanysperson,sf

irm,sassociationsorscorporationswhosorswhichshasscompliedswithsthesrequirementssofsthissc
hapterswithsrespectstoseither:slifesinsurance,smeaningsallsofsthoseskindssofsinsurancesauth
orized.sAnyssuchslicensesissuedstosasfirmsorsassociationsshallsauthorizesonlysthesmembers
sofssuchsfirmsorsassociationsnamedsinssuchslicensesasssub-

,licenseesstosactsindividuallysassconsultantsstheresunder,sandsanyssuchslicensesissuedstosas
corporationsshallsauthorizesonlysthesofficerssandsdirectorssthereofsnamedsinssuchslicenses
asssub-licenseesstosactsindividuallysassconsultantsstheresunder.

Adjusters2101(g)s-
sans✔✔ThesSuperintendentsmay,sinshissdiscretionsrequiresansapplicantsforsaslicensesunde

rsthisssectionstospresentsevidence,sinssuchsformsasshesprescribes,sthatssuchsapplicantshass
beensemployed,sforsasperiodswhichshesdeemssreasonable,sbysansinsurer,sansindependents
adjustersorsaspublicsadjuster,sinsthesperformancesofsdutiesswhichsinshissopinionswouldsprov
idesthesapplicantswithsassatisfactoryspreliminarystrainingsforsthesdutiessandsresponsibilitiess
whichswouldsevolvesuponshimsassaslicenseesundersthisssection.sThestermsindependentsadj
ustersmeanssanysperson,sfirm,sassociationsorscorporationswhosforsmoney,scommissionsors
anysothersthingsofsvalue,sactssinsthissstatesonsbehalfsofsansinsurersinsthesworksofsinvestigati
ngsandsadjustingsclaimssarisingsundersinsurancescontractssissuedsbyssuchsinsurersandswh
osperformsssuchsdutiessrequiredsbyssuchsinsurersassaresincidentalstossuchsclaimssandsalso
sincludessanyspersonswhosforscompensationsorsanythingsofsvaluesinvestigatessandsadjusts

sclaimssonsbehalf sofsanysindependentsadjuster.



Adjusters2108s-
sans✔✔Adjustersswillsbeslicensedsasseithersindependentsadjusters,sorsasspublicsadjusters.

sThesSuperintendentsmaysprescribesthestypessofsindependentsadjusters'slicensessaccordi

ngstostheskindsorskindssofsinsurancesclaimsswhichstheslicenseesisstosbesauthorizedstosinves
tigatesandsadjust.sNosadjustersmaysactsonsbehalfsofsansinsurersunlessslicensedsassansinde
pendentsadjuster,sandsnosadjustersmaysactsonsbehalfsofsansinsuredsunlessslicensedsassasp
ublicsadjuster.sAspublicsadjustersworkssonsbehalfsofsthesinsuredsforsasfee.

Nonresidents2101(d)s-sans✔✔Insthisssection,snon-
residentsinsurancesagentsmeanssansindividualswhosissasnon-
residentsofsthissstatesandswhosisslicensedsorsauthorizedstosactsassansinsurancesagentsinsth
esstatesinswhichshesresides,sorsinswhichshesorsthesfirmsorsassociationsofswhichshesissasmem
bersorsemployee,sorsthescorporation,sofswhichshesissansofficer,sdirector,sorsemployeesmaint
ainssansofficesassansinsurancesagent.

Nonresidents2101(e)s-sans✔✔Insthisssection,s"non-
residentsinsurancesbroker",smeanssansindividualswhosissasnon-
residentsofsthissstatesandswhosisslicensedsorsauthorizedstosactsassansinsurancesbrokersinsth
esstatesinswhichshesresides,sorsinswhichshe,sorsthesfirmsorsassociationsofswhichshesissasme
mbersorsemployee,sorsthescorporation,sofswhichshesissansofficer,sdirectorsorsemployeesmai
ntainssansofficesassansinsurancesbroker.

Nonresidents2103(g)(5)s-
sans✔✔InsthesdiscretionsofsthesSuperintendent,snoswrittensinsurancesexaminationswillsbesr

equiredsofsanysindividualsseekingstosbesnamedsassaslicenseesorssub-
licenseeswhosissasnon-residentsinsurancesagent.

, Nonresidents2103(g)(11)s-
sans✔✔Noswrittensinsurancesexaminationswillsbesrequiredsofsanysindividualswhosappliessf

orsansinsurancesagentslicensesinsthissstateswhoswasspreviouslyslicensedsforsthessameslines
orslinessofsauthoritysinsanothersstate,sprovided,showever,sthatsthesapplicant'sshomesstatesg
rantssnon-
residentslicensesstosresidentssofsthissstatesonsthessamesbasis.sSuchsindividualsshallsalsosn
otsbesrequiredstoscompletesanysprelicensingseducation.sThissexemptionsissonlysavailablesif
sthespersonsisscurrentlyslicensedsinsthatsstatesorsifsthesapplicationsissreceivedswithins90sday

ssofsthesdatesofscancellationsofsthesapplicant'sspreviousslicensesandsifsthespriorsstatesissue
ssascertificationsthat,satsthestimesofscancellation,sthesapplicantswassinsgoodsstandingsinsthat
sstatesorsthesstate'ssproducersdatabasesrecords,smaintainedsbysthesNationalsAssociationso

fsInsurancesCommissioners,sitssaffiliatessorssubsidiariessindicatesthatsthesproducersissorsw
asslicensedsinsgoodsstandingsforstheslinesofsauthoritysrequested.sAnsindividualsorsentityslice
nsedsinsanothersstatesthatsmovesstosthissstatesmustsmakesansapplicationswithins90sdayssof
sestablishingslegalsresidencestosbecomesasresidentslicensee.sNosprelicensingseducationso

rsexaminationswillsbesrequiredsofsthatspersonstosobtainsanyslinesofsauthorityspreviouslysheld
sinsthespriorsstatesexceptswheresthesSuperintendentsdeterminessotherwisesbysregulation.



Nonresidents2136s-sReciprocitys-
sans✔✔ThesSuperintendentsshallswaivesanysrequirementssforsasnonresidentslicensesappli

cantsotherwisesapplicablesundersthisschaptersif:s
(a)sthesapplicantshassascurrentsandsvalidslicensesinshissorshershomesstatesandsissinsgoodsst
andingsinshissorshershomesstate;s
(b)sthesapplicantshasssubmittedsascompletedsapplicationsinsthesformsprescribedsbysthesSu
perintendentsorssubmittedsthesapplicationsforslicensuressubmittedstoshissorshershomesstate
;s
(c)sthesapplicantshasspaidsthesfeessrequiredsbysthisschapter;sands
(d)sthesapplicant'sshomesstatesawardssnonresidentsinsurancesproducerslicensesstosreside
ntssofsthissstatesonsthessamesbasissassprovidedsinsthisssubsection.

BusinesssEntitiess2101(p)s-
sans✔✔Asbusinesssentitysmeanssascorporation,sassociation,spartnership,slimitedsliabilitysc

ompany,slimitedsliabilityspartnershipsorsotherslegalsentity.

BusinesssEntitiess2103(e)s-
sans✔✔Beforesanysoriginalsinsurancesagent'sslicensesississuedstosasbusinesssentity,sthere

smustsbesonsfilesinsthesofficesofsthesSuperintendentsansapplicationsbysthesprospectiveslicen

seesinssuchsformsorsformssandssupplements,sandscontainingsinformationsthesSuperintend
entsprescribessandsforseachsbusinesssentity,sthessub-licenseesorssub-
licenseessnamedsinsthesapplicationsmustsbesdesignatedsresponsiblesforsthesbusinesssentit
y'sscomplianceswithsthesinsuranceslaws,srulessandsregulationssofsthissstate.

TemporarysLicenses(2109;sRegs.s9,s18,s29,sParts20.1)s-
sans✔✔Astemporaryslicensesmaysbesissuedsinsthescasesofsdeath,sservicesinsarmedsforcess

orsdisability.sThesSuperintendentsmaysissuesastemporarysinsurancesagent'ssorsinsurances

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