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Exams · Certifications · Licensing

Life and Health Insurance Producer Exam

Licensing (NY): practice questions

Our Life & Health Insurance bank has 11 questions on this topic. Here are 5 of them with answers; the full mock exam draws from every topic, like the real one.

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Question 1 · New York

When does a New York individual producer license expire?

  1. On 31 December every year
  2. On the holder's birthday, in an even or odd year matching their birth year
  3. Ten years after issue
  4. On the anniversary of the exam
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B. On the holder's birthday, in an even or odd year matching their birth year — Licenses are issued for up to 2 years.

Question 2 · New York

Within how many days must a New York insurer file a notice appointing an agent?

  1. 90 days
  2. No notice is required
  3. One year from the date the agent first sells a policy for the insurer, or never if they work part-time
  4. 15 days from signing the agency contract or submitting the first application
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D. 15 days from signing the agency contract or submitting the first application — Insurance Law §2112(b).

Question 3 · New York

What extra qualification is needed for variable life and variable annuity authority in New York?

  1. FINRA registration, such as passing Series 6 or 7
  2. A notary commission and a surety bond on file
  3. A law degree
  4. Nothing extra
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A. FINRA registration, such as passing Series 6 or 7 — Variable products are securities, so the agent must also be registered to sell them.

Question 4 · New York

Within how long after passing the New York licensing exam must an applicant submit the license application?

  1. Two years
  2. 30 days
  3. Six months
  4. Ten years
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A. Two years — Applicants must be at least 18.

Question 5 · New York

Within how many days must a New York insurer report to DFS that it terminated a producer for cause?

  1. It never needs to report
  2. 5 days
  3. 1 year
  4. 30 days
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D. 30 days — The statement gives the facts of the termination.

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