New York Life, Accident & Health Insurance Exam Overview
The New York Life, Accident & Health Insurance License Exam is administered by Prometric on behalf of the New York Department of Financial Services (DFS). New York is one of the most regulated insurance markets in the country, making proper exam preparation essential.
New York's dense population and robust economy offer tremendous opportunities for licensed insurance professionals.
Exam Format at a Glance
| Component | Details |
|---|---|
| Total Questions | 150 multiple-choice |
| Scored Questions | 150 |
| Time Limit | 2 hours |
| Passing Score | 70% (105 correct answers) |
| Testing Vendor | Prometric |
| Exam Fee | $15 |
| Pre-licensing Education | 40 hours required |
Why Get Licensed in New York?
- Financial capital — NYC is a major insurance hub
- High population density — Nearly 20 million potential clients
- Premium market — Higher incomes mean larger policies
- Corporate opportunities — Group insurance demand
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Key Topics Covered on the Exam
1. Life Insurance Products (30%)
Types of Life Insurance:
- Term Life (yearly renewable, level, decreasing)
- Whole Life (ordinary, limited pay, single premium)
- Universal Life (Types A, B, and C)
- Variable Life Insurance
New York-Specific Provisions:
| Provision | NY Requirement |
|---|---|
| Grace Period | 30 days (61 for industrial) |
| Incontestability | 2 years |
| Suicide Exclusion | 2 years (1 year for group) |
| Free Look Period | 10 days (60 for replacements) |
| Minimum Death Benefit | Yes, required |
2. Accident & Health Insurance (30%)
Coverage Types:
- Individual health insurance
- Group health insurance
- Disability income insurance
- Long-term care insurance
- Medicare supplement (Medigap)
New York Health Requirements:
- NY State of Health (marketplace)
- Essential Plan options
- Child Health Plus
- Medicaid Managed Care
3. Annuities (15%)
- Fixed annuities
- Variable annuities
- Immediate vs. deferred
- NY suitability standards
- Best interest regulations
4. New York Insurance Law (15%)
Key NY Regulations:
- NY Insurance Law Article 32 (agents)
- Regulation 60 (replacements)
- Regulation 187 (best interest)
- DFS enforcement powers
Licensing Requirements:
- Pre-licensing: 40 hours
- CE: 15 hours every 2 years
- Ethics training required
- Background check
5. Ethics and General (10%)
- Agent conduct standards
- Unfair trade practices
- Handling premiums
- Record keeping
- Complaint procedures
Study Timeline for Success
| Week | Focus Area | Hours |
|---|---|---|
| Week 1-2 | Life insurance products | 12-15 |
| Week 2-3 | Accident & health coverage | 12-15 |
| Week 3-4 | NY Insurance Law | 10-12 |
| Week 4-5 | Annuities and ethics | 8-10 |
| Week 5 | Practice exams | 10-12 |
Total recommended study time: 55-65 hours
🎯 Free Practice Questions Available
Practice with hundreds of free questions designed for the New York exam.
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New York-Specific Exam Tips
1. Master NY Regulations
New York is heavily regulated—know these key regulations:
- Regulation 60 — Life insurance replacements
- Regulation 187 — Best interest standard for annuities and life insurance
- Regulation 194 — Producer compensation transparency
2. Know These New York Numbers
| Topic | NY Requirement |
|---|---|
| Free look (standard) | 10 days |
| Free look (replacement) | 60 days |
| Grace period | 30 days |
| Pre-licensing | 40 hours |
| CE requirement | 15 hours/2 years |
| Passing score | 70% |
3. Understand Regulation 187
New York's best interest standard is stricter than suitability:
- Must act in client's best interest
- Applies to life insurance and annuities
- Documentation requirements
- Compensation disclosure
Common Mistakes to Avoid
- Underestimating NY regulations — They're heavily tested
- Ignoring Regulation 187 — New and important
- Confusing free look periods — 10 days vs. 60 days
- Skipping NY State of Health — Know the marketplace
- Not reviewing replacement rules — Regulation 60 is key
After Passing Your Exam
- Apply through NIPR or DFS directly
- Complete fingerprinting — Required for all applicants
- Pay license fee — $40 initial fee
- Receive license — 2-4 weeks processing
- Appoint with carriers — Submit appointment applications
2026 New York Updates
For 2026, be aware of:
- Enhanced Regulation 187 enforcement
- Updated mental health parity requirements
- New long-term care regulations
- Modified marketplace rules
Start Your New York Insurance Career Today
New York offers one of the most sophisticated insurance markets. Pass your exam on the first try with our free prep materials.
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Our free study materials include:
- ✅ Complete topic coverage
- ✅ Practice questions with explanations
- ✅ NY Insurance Law summaries
- ✅ Regulation 187 deep dive
- ✅ AI-powered study assistance
Everything you need is 100% FREE.