1. Exam Prep
  2. New York
  3. Life, Accident & Health
  4. Insurance Regulation

Free Insurance Regulation Practice Questions

New York Life, Accident & Health exam (series 17-55) — 34 practice questions.

Subtopics: Continuing education, License duration, Acts requiring a license, Definitions, Consultant, Nonresident license, Temporary license, Reporting actions, Change of address, Appointment and termination, Fiduciary duty, Commissions, Consultant fees, Rebating, Unfair discrimination, Twisting, Misrepresentation, Defamation, Boycott and coercion, Unfair claims settlement, Regulator, Certificate of authority, Insurance fraud, Fraud warning, Replacement, Best interest, Producer compensation, Privacy, Federal fraud statute, Fair Credit Reporting Act, Do Not Call, Illustrations, Disclosure

Sample questions & answers

1. How many CE credit hours must a resident New York producer complete during each two-year licensing period?

15 hours

New York requires 15 credit hours of continuing education each biennial licensing period to renew a producer license.

2. A resident New York producer license is generally issued and renewed on what basis?

Biennially (every two years)

New York producer licenses are issued and renewed on a biennial (two-year) basis.

3. Which activity requires a New York insurance producer license?

Negotiating, selling, or soliciting insurance

A license is required to sell, solicit, or negotiate insurance for compensation.

4. Under New York Insurance Law a person who acts on behalf of the insured (not the insurer) in placing coverage is a(n):

Insurance broker

An insurance broker acts on behalf of the insured; an agent acts for the insurer under an agency contract.

All Life, Accident & Health topics

Practice: Insurance Regulation

Take a randomized, timed-style practice test. Answer choices are shuffled and your results are scored instantly with an explanation for every question.

Practice questions are study aids generated for exam preparation and are not actual exam questions. Content is provided for educational purposes and is not legal advice. Verify current statutes, rules, and exam specifications with the Pennsylvania Insurance Department and the exam administrator before relying on it.