Practice test

New York Insurance Practice Test

Free New York insurance practice test with 20 questions on life and health, property and casualty, insurance regulations, and DFS producer licensing.

These questions are for study practice only and are not official exam questions.

Question 1

1

Which agency licenses insurance agents and brokers in New York?

Question 2

2

How many hours of DFS-approved prelicensing education are required for a Property/Casualty Agent or Broker license in New York?

Question 3

3

How many hours of DFS-approved prelicensing education are required for a Personal Lines Agent or Broker license in New York?

Question 4

4

Who administers New York's insurance producer licensing exams?

Question 5

5

What is the passing score on a New York insurance licensing exam?

Question 6

6

How is a New York insurance producer license renewal cycle determined?

Question 7

7

Which professional designations can exempt an applicant from New York's insurance prelicensing education requirement?

Question 8

8

What does an Excess Lines Broker license in New York require before it can be issued?

Question 9

9

How many continuing education credits must a New York insurance licensee complete to renew, once the license has been in effect more than 2 years?

Question 10

10

Which type of life insurance provides coverage for a specific period and has no cash value?

Question 11

11

In a health insurance policy, what is a deductible?

Question 12

12

In New York, what is the purpose of the incontestability clause in a life insurance policy?

Question 13

13

What is the primary function of an annuity?

Question 14

14

In a standard homeowners insurance policy, which peril is typically excluded and requires a separate policy or endorsement?

Question 15

15

What does liability coverage in an auto insurance policy protect against?

Question 16

16

What insurance concept prevents an insured from collecting more than the actual amount of a loss from multiple policies?

Question 17

17

After an insurer pays a claim to its insured for damages caused by a third party, what right allows the insurer to pursue that third party for reimbursement?

Question 18

18

What is the purpose of an unfair claims settlement practices regulation in insurance law?

Question 19

19

What is the general purpose of a free-look period in an insurance policy?

Question 20

20

What does the term "contestable period" refer to in a life insurance policy?

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