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Property and Casualty Insurance Producer Exam

Licensing (NY): practice questions

Our Property & Casualty Insurance bank has 13 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

To qualify for the New York P&C agent exam, an applicant generally must first complete an approved course of at least:

  1. 20 hours
  2. 40 hours
  3. 90 hours
  4. 120 hours
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C. 90 hours — NY Ins. Law 2103: a course covering the principal branches of the insurance business requiring not less than ninety hours of classroom work or equivalent (40 hours for life/health).

Question 2 · New York

A New York adjuster's license other than an independent adjuster's requires a bond of:

  1. $5,000
  2. $1,000
  3. $10,000
  4. $50,000
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B. $1,000 — NY Ins. Law 2108(l)(1): no adjuster's license other than an independent adjuster's license is issued without a bond in the penal sum of one thousand dollars.

Question 3 · New York

Before issuing a New York agent license, the superintendent requires the individual applicant to:

  1. Work for a licensed agency for at least a year first
  2. Work for an agency for a year
  3. Hold a college degree
  4. Pass a personal written examination
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D. Pass a personal written examination — NY Ins. Law 2103: to determine competency, the superintendent requires each individual applicant to submit to a personal written examination and pass it.

Question 4 · New York

In New York, how many continuing education credit hours must most producers complete each biennial licensing period?

  1. 10 credit hours
  2. 24 credit hours
  3. 15 credit hours
  4. 30 credit hours
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C. 15 credit hours — NY Ins. Law 2132: licensees complete courses equivalent to fifteen credit hours of instruction during each full biennial licensing period.

Question 5 · New York

Under NY Ins. Law 2108, adjusters are licensed as:

  1. Independent adjusters or public adjusters
  2. Staff adjusters only
  3. Agents with an adjusting endorsement on their license
  4. Appraisers or umpires
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A. Independent adjusters or public adjusters — NY Ins. Law 2108(a)(1): adjusters shall be licensed as independent adjusters or as public adjusters.

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