Free Insurance Regulation Practice Questions
New York Life, Accident & Health exam (series 17-55) — 189 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, Assumed name, Business entity license, Prelicensing education, Referral compensation, Records retention, Cybersecurity, Advertising, Fraud prevention plan, Fraud reporting, Examination of insurers, Solvency reporting, Force of regulations, Churning, Replacement free look, Replacement disclosure statement, Unauthorized insurer, Sliding, Permitted novelties, License renewal, Hearings, Policy summary, Penalties and fines, Guaranty corporation, Adjuster definition, Material misrepresentation, Buyer's guide, Replacement scope, CE noncompliance, Appointment filing, Termination for cause, Producer response to termination, Termination reporting immunity, License expiration, Renewal filing, License application deadline, Veterans fee exemption, Licensing exemptions, Agent and broker licenses, CE required topics, CE carryover, CE first period, Nonresident CE, CE failure, Temporary license term, Temporary license limits, Grounds for discipline, Revocation waiting period, Penalty in lieu of revocation, General penalties, Willful violation penalty, Hearing notice, Home state change, Premium accounts, Controlled business, Consultant memorandum, Broker fees, Producer compensation disclosure, Compensation request after issue, Disclosure record retention, License display, Producer advertising, Advertising unauthorized insurers, Fraud civil penalty, Fraud reporting deadline, Discrimination by sex, Discrimination by race, Mental disability treatment, PrEP protection, HIV testing consent, Rebating limit, Guaranty association advertising, Privacy of health information, Cybersecurity certification, Representations, Altering applications, Breach of warranty, Unfair claims practices, Producer obligations, Professional designation exemption, Variable products license, Reg 60 definition, Definition of Replacement form, Important Notice timing, Replaced insurer response, Replacement refund, Replacement exemption, Replacement patterns, Replacement counseling, Best interest standard, Reg 187 scope, Reg 187 replacement review, Reg 187 documentation, Financial planner title, Insurer supervision, Senior designations, Senior designation violation, Regulation 60 duties, Unfair discrimination by disability, Misrepresentation in health coverage, Wellness programs, Prelicensing hours, Federal fraud statute, Fair Credit Reporting Act, Do Not Call, Illustrations, Disclosure, McCarran-Ferguson Act, NAIC, CAN-SPAM Act, State regulation, HIPAA privacy, Anti-money laundering, Unfair trade practices, Producer licensing, Insurer authorization, Guaranty association, Annuity best interest, HIV testing
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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
Answer choices are shuffled every time, and every question comes with an explanation.
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 Insurance Department and the exam administrator before relying on it.
