• 109 questions

New York State Life Insurance Exam Questions on the Law

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What is the further fee for late filing of a New York agent license renewal application under section 2103?

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Unofficial practice questions, not affiliated with the New York State Department of Financial Services. Bank checked October 4, 2026.

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All 109 questions

Agent licensing and continuing education 26

  • A former New York agent who passed the written examination applies again. Section 2103 requires no new examination if the application comes within how long of the old license ending? N.Y. Ins. Law 2103(g)
  • A New York agent files a renewal application before the license expires and the superintendent later refuses it. How long does the old license stay in force? N.Y. Ins. Law 2103
  • A New York agent wants to charge a fee for reviewing a client's policies and giving advice. What must the fee be based on under section 2119? N.Y. Ins. Law 2119(a)
  • A New York individual agent was born in an odd numbered year. When does the license expire under section 2103? N.Y. Ins. Law 2103
  • A New York insurer ends a producer's appointment for cause. Within how long must it file a statement of the facts with the superintendent? N.Y. Ins. Law 2112
  • A New York licensee earns more continuing education credit hours than section 2132 requires in a licensing period. What happens to the excess? N.Y. Ins. Law 2132
  • A New York licensee is ordered to pay a penalty under section 2127. After how long unpaid may the superintendent revoke or suspend the license? N.Y. Ins. Law 2127(b)
  • A producer licensed in another state moves to New York. Within how long of establishing legal residence must the application to become a resident licensee be made? N.Y. Ins. Law 2103
  • After a New York producer license is revoked, for how long is the individual not entitled to any license under the Insurance Law? N.Y. Ins. Law 2110
  • Before revoking a New York producer license under section 2110, how soon after giving notice may the superintendent hold the hearing? N.Y. Ins. Law 2110(b)
  • Besides any examination fee, what does section 2103 charge each individual applicant for a New York agent license? N.Y. Ins. Law 2103
  • By when must a New York licensee report a criminal prosecution of the licensee to the superintendent under section 2110? N.Y. Ins. Law 2110(j)
  • For how long must a New York agent keep a copy of the fee memorandum that section 2119 requires? N.Y. Ins. Law 2119(a)
  • How long before a New York agent license expires must the renewal application be filed to avoid the late filing fee? N.Y. Ins. Law 2103
  • How many credit hours of continuing education must a New York life agent complete in each full biennial licensing period under Insurance Law 2132? N.Y. Ins. Law 2132
  • How many hours of classroom work or the equivalent must the prelicensing course for a New York life and accident and health agent license require? N.Y. Ins. Law 2103
  • In place of revoking a New York license, the superintendent may order money penalties under section 2127. What is the most for all offenses in one proceeding? N.Y. Ins. Law 2127(a)
  • To whom may a New York insurer pay a commission for obtaining a new life insurance contract, under section 2114? N.Y. Ins. Law 2114(a)
  • What does New York Insurance Law 2120 forbid an agent to do with premium funds without the principal's express consent? N.Y. Ins. Law 2120(a)
  • What is the further fee for late filing of a New York agent license renewal application under section 2103? N.Y. Ins. Law 2103
  • What is the longest term the New York superintendent may give a license issued to a new applicant under section 2103? N.Y. Ins. Law 2103
  • What penalty does section 2102 set for acting as a New York insurance producer without a license? N.Y. Ins. Law 2102(g)
  • Which act is a listed ground for the New York superintendent to revoke a producer license under section 2110? N.Y. Ins. Law 2110(a)
  • Who decides how many credit hours a continuing education course is worth under New York Insurance Law 2132? N.Y. Ins. Law 2132(d)
  • Within how long must a New York insurer file a notice of appointment after the agency contract is executed or the first application is submitted? N.Y. Ins. Law 2112(b)
  • Within how long must a New York licensee report to the superintendent an administrative action taken against the licensee in another jurisdiction? N.Y. Ins. Law 2110(i)

Life policy provisions 29

  • A New York insured dies during the grace period. How much unpaid premium may the insurer deduct from the proceeds under section 3203? N.Y. Ins. Law 3203(a)(2)
  • A New York insured dies with premiums paid past the end of the policy month of death. What must the insurer do under section 3203(a)(2)? N.Y. Ins. Law 3203(a)(2)
  • After how many full years' premiums have been paid must a New York life policy entitle the policyholder to a policy loan? N.Y. Ins. Law 3203(a)(8)
  • Besides nonpayment of premiums, what exception does New York section 3203 allow to the two-year incontestable provision of a life policy? N.Y. Ins. Law 3203(a)(3)
  • For a New York life policy with scheduled premiums, what grace period does section 3203(a)(1) require? N.Y. Ins. Law 3203(a)(1)
  • For a scheduled premium New York life policy, when must the premium due notice of section 3211 be mailed? N.Y. Ins. Law 3211(a)(1)
  • For how long from the date of issue may a New York life policy exclude liability for death by suicide under section 3203(b)? N.Y. Ins. Law 3203(b)(1)
  • For how many policy years must the table in a New York life policy show the options available on default in payment of a premium? N.Y. Ins. Law 3203(a)(7)
  • From what age is a minor deemed competent to contract for life insurance on the minor's own life under New York section 3207? N.Y. Ins. Law 3207(a)
  • From what date does interest run on New York life insurance death proceeds under section 3214? N.Y. Ins. Law 3214(c)
  • How does New York section 3204 allow a life policy to be modified or a requirement to be waived? N.Y. Ins. Law 3204(a)(3)
  • How does New York section 3205 define insurable interest for persons closely related by blood or by law? N.Y. Ins. Law 3205(a)(1)
  • How far before the application date may a New York life policy be dated when that lowers the premium, under section 3208? N.Y. Ins. Law 3208(a)
  • How long a surrender-for-refund period must a New York life policy sold by mail order allow? N.Y. Ins. Law 3203(a)(11)
  • How often must a participating New York life policy provide that the insurer will ascertain and apportion divisible surplus? N.Y. Ins. Law 3203(a)(6)
  • To which New York life policies does the policy loan paragraph of section 3203(a)(8) not apply? N.Y. Ins. Law 3203(a)(8)
  • Under New York section 3204, when is the application for a life policy admissible in evidence? N.Y. Ins. Law 3204(a)(2)
  • Under New York section 3205(c), who may effect insurance on another adult without that person's written consent? N.Y. Ins. Law 3205(c)
  • What grace period must a New York life policy give when the amount and frequency of premiums may vary? N.Y. Ins. Law 3203(a)(1)
  • What is the highest fixed interest rate, payable in advance, that a New York life policy may charge on a policy loan under section 3203? N.Y. Ins. Law 3203(a)(8)
  • What is the highest interest rate a New York life insurer may charge on overdue premiums at reinstatement under section 3203(a)(10)? N.Y. Ins. Law 3203(a)(10)
  • What is the sole security for a policy loan under New York section 3203(a)(8)? N.Y. Ins. Law 3203(a)(8)
  • What must the policy data page of a participating New York cash value life policy state under section 3203(a)(15)? N.Y. Ins. Law 3203(a)(15)
  • What period must a New York life policy allow for surrender with a refund of premium after delivery, under section 3203(a)(11)? N.Y. Ins. Law 3203(a)(11)
  • Which cause of death may a New York life policy exclude under section 3203(b)(1)? N.Y. Ins. Law 3203(b)(1)
  • Who besides the applicant may make insertions in a written application for a New York life policy without the applicant's written consent? N.Y. Ins. Law 3204(d)
  • Who may be the beneficiary of a life policy a New York minor contracts for under section 3207(a)? N.Y. Ins. Law 3207(a)
  • Within how long after group life coverage ends may a New York employee apply to convert to an individual policy without evidence of insurability? N.Y. Ins. Law 3220(a)(6)
  • Without the notice that New York section 3211 requires, how soon after a premium default may a life policy lapse? N.Y. Ins. Law 3211(a)(1)

Disclosure, replacement and annuities 10

  • A New York agent was paid a fee for consulting by a client. For how long after is sale compensation from that client barred unless the memorandum provides for it? N.Y. Ins. Law 2119(b)
  • A New York mail solicitation with no agent omits the buyer's guide. How long a return period must the policy give for that to be allowed under section 3209? N.Y. Ins. Law 3209(b)(1)
  • After a replacement life policy is issued in New York, for how long may the owner return it and reinstate the replaced policy under section 4226? N.Y. Ins. Law 4226(a)(6)
  • After the policy and policy summary are received, how long must a New York applicant have to return the policy for an unconditional refund under section 3209? N.Y. Ins. Law 3209
  • By when must a New York buyer of an annuity with an equity index account receive the disclosure statement of section 3209? N.Y. Ins. Law 3209(b)(2)
  • Under New York section 2123, who must be notified of a proposed replacement of an individual life policy? N.Y. Ins. Law 2123(a)(3)
  • What grace period must a New York annuity contract give for payments after the first, under section 3219? N.Y. Ins. Law 3219(a)(1)
  • When must a New York life insurance prospect be given the buyer's guide under section 3209? N.Y. Ins. Law 3209(b)(1)
  • When must the policy summary reach a New York life insurance buyer under section 3209(b)? N.Y. Ins. Law 3209(b)(1)
  • Which statements stay outside the incontestable clause of a New York annuity contract under section 3219? N.Y. Ins. Law 3219(a)(2)

Accident and health provisions 17

  • A New York accident and health policy has quarterly premiums. What is the shortest grace period it may state? N.Y. Ins. Law 3216(d)(1)
  • A New York certificate holder gets notice of the conversion privilege more than 15 but less than 90 days after group health coverage ends. For how long after the notice is the time to convert extended? N.Y. Ins. Law 3221
  • After two years from issue, which misstatements in the application may still void a New York accident and health policy under section 3216? N.Y. Ins. Law 3216(d)(1)
  • After written proof of loss is required, how long does a New York accident and health policy allow for bringing a legal action? N.Y. Ins. Law 3216(d)(1)
  • For a loss with no periodic payment, within how long must written proof of loss be furnished under a New York accident and health policy? N.Y. Ins. Law 3216(d)(1)
  • For how long at most may a New York employee continue group accident and health benefits after employment ends, under section 3221? N.Y. Ins. Law 3221
  • How long after written proof of loss is furnished must a New York accident and health claimant wait before bringing a legal action? N.Y. Ins. Law 3216(d)(1)
  • How often at least must accrued periodic indemnities be paid under a New York accident and health policy? N.Y. Ins. Law 3216(d)(1)
  • Under a New York group accident and health policy, when may a statement by the insured person be used to reduce benefits? N.Y. Ins. Law 3221(a)(1)
  • Under the earned income form in New York section 3215, total disability exists when average monthly earned income has not exceeded what share of former earned income? N.Y. Ins. Law 3215(a)(1)
  • What is the shortest grace period a New York accident and health policy with weekly premiums may state? N.Y. Ins. Law 3216(d)(1)
  • What is the smallest type a New York individual accident and health policy may use for its text under section 3216? N.Y. Ins. Law 3216(c)
  • What must a New York group accident and health policy provide about new employees in an eligible class? N.Y. Ins. Law 3221(a)(3)
  • What period must the cancellation notice on a New York individual accident and health policy allow under section 3216? N.Y. Ins. Law 3216(c)(10)
  • What yearly interest rate does New York section 3224-a name as the floor on a health claim paid late? N.Y. Ins. Law 3224-a(c)
  • Within how long must a New York health insurer pay a clear claim sent over the internet or by electronic mail, under section 3224-a? N.Y. Ins. Law 3224-a(a)
  • Within how long must a New York health insurer pay a clear claim submitted on paper or by facsimile, under section 3224-a? N.Y. Ins. Law 3224-a(a)

Unfair practices and penalties 14

  • A New York insurer knowingly violates section 4226 and receives a premium as a result. What added penalty does subsection (d) set? N.Y. Ins. Law 4226(d)
  • After receiving a properly executed proof of loss, how soon must a New York insurer advise the claimant of acceptance or denial under section 2601? N.Y. Ins. Law 2601(a)(4)
  • In judging whether a comparison misled a New York policyholder, what may not be presumed under section 4226(c)? N.Y. Ins. Law 4226(c)
  • New York section 4224(a) bars unfair discrimination in life insurance rates between individuals of the same class and of what else? N.Y. Ins. Law 4224(a)(1)
  • Under New York section 2123, an incomplete comparison of policies is prohibited when made for what purpose? N.Y. Ins. Law 2123(a)(2)
  • Under New York section 2406, what is the most the superintendent may levy for each day a health claim stays unpaid past the prompt payment date? N.Y. Ins. Law 2406(a)
  • Under New York section 4224(c), is a person who knowingly receives a rebate of premium as an inducement to insure also covered by the ban? N.Y. Ins. Law 4224(c)
  • What civil penalty may the New York superintendent levy for a fraudulent insurance act under section 403? N.Y. Ins. Law 403(c)
  • What does New York section 4224(a)(4) forbid an agent or broker to make? N.Y. Ins. Law 4224(a)(4)
  • What is the highest value of merchandise a New York life agent may give as an inducement without breaking the rebating rule of section 4224(c)? N.Y. Ins. Law 4224(c)
  • What penalty does New York section 2406 set for violating a cease and desist order after it has become final? N.Y. Ins. Law 2406(e)
  • When do the acts listed in New York section 2601 amount to unfair claim settlement practices? N.Y. Ins. Law 2601(a)
  • Which act by a New York agent does section 2123(a)(1) prohibit? N.Y. Ins. Law 2123(a)(1)
  • Which New York forms must carry the fraud warning notice of section 403(d)? N.Y. Ins. Law 403(d)

Guaranty corporation 13

  • How many accounts does the New York guaranty corporation maintain for administration and assessment under section 7706? N.Y. Ins. Law 7706(a)
  • To which coverage does the New York guaranty corporation's one-life dollar limit in section 7708 not apply? N.Y. Ins. Law 7708
  • Under New York section 7718, when may a member insurer give a policyholder the written information the guaranty corporation has prepared? N.Y. Ins. Law 7718
  • Under whose immediate supervision does the New York guaranty corporation come, by section 7706(b)? N.Y. Ins. Law 7706(b)
  • What are Class A assessments of the New York guaranty corporation made for? N.Y. Ins. Law 7709(b)
  • What body does New York Insurance Law article 77 create to protect policy owners when a life insurer becomes insolvent? N.Y. Ins. Law 7706(a)
  • What does New York section 7706 make a condition of a member insurer's authority to transact insurance in the state? N.Y. Ins. Law 7706(a)
  • What is the New York guaranty corporation's aggregate limit for all benefits, including cash values, with respect to any one life? N.Y. Ins. Law 7708
  • What is the New York guaranty corporation's limit for a group annuity contract that guarantees no annuity benefits to a specific individual? N.Y. Ins. Law 7708
  • What kind of body is the New York life and health guaranty corporation under section 7706? N.Y. Ins. Law 7706(a)
  • When is a New York guaranty corporation assessment due after prior written notice to the member insurers? N.Y. Ins. Law 7709(a)
  • Which class of New York guaranty corporation assessment is made for an impaired or insolvent foreign or alien insurer? N.Y. Ins. Law 7709(b)
  • Which item is left out of the contractual obligations the New York guaranty corporation covers, under section 7705? N.Y. Ins. Law 7705(b)

How it works

These unofficial New York State life insurance exam questions ask the law only: 109 free practice questions written from the New York Insurance Law. Policy types, underwriting and textbook theory are left out.

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What the New York law questions cover

Six groups: agent licensing and continuing education, life policy provisions the law requires, disclosure, replacement and annuities, accident and health provisions, unfair practices and penalties, and the guaranty corporation. Missed questions collect in their own pile.

Life insurance only, or accident and health too

For life insurance alone, set the topic filter to Life policy provisions, then to Disclosure, replacement and annuities. Every answer shows its section of the Insurance Law.

  • Life grace period: 61 days where premiums may vary, 31 days or one month otherwise (3203(a)(1)).
  • Free look: 10 to 30 days for life (3203), 10 to 20 for individual accident and health (3216).
  • Replacement: the owner has 60 days to return the new policy and reinstate the old one (4226).

Questions and answers

How many questions are on the New York life insurance test?

This page does not say. No Insurance Law section read for this bank sets the exam's length, time limit or pass mark, so none is given here. The 25 questions drawn in exam mode are only a set size.

How many continuing education hours does a New York life insurance agent need?

15 credit hours in each full biennial licensing period, under Insurance Law 2132. Extra hours do not carry forward to the next period, and the superintendent decides how many credit hours each course is worth.

How long is the free look on a New York life insurance policy?

At least 10 and at most 30 days from delivery, under Insurance Law 3203(a)(11). A policy sold by mail order must allow 30 days. An individual accident and health policy allows 10 to 20 days (3216).

Are these the real New York State life insurance exam questions?

No. This site has never seen the state exam. The questions were written from the New York Insurance Law, and the New York State Department of Financial Services did not write or review them.

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