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
