Free Property & Casualty Insurance Practice Exam by State 2026: 5,000+ Questions
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Which New York state agency is the primary regulator of property and casualty insurance companies and producers?
Ny Pc Regulation
Question · Easy
$100,000 fire claim. What does insurance pay?
Short
Free P&C insurance practice exams for all 50 states plus DC. 5,000+ questions covering property, casualty, auto, homeowners, commercial lines, and state-specific regulations for 2026.
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Primary NY insurance regulator
NY Regulation & Licensing
Flashcard
How many hours of pre-license education must a candidate complete before sitting for the New York property and casualty insurance producer exam?
Person who sells, services or negotiates policies on behalf of an insurer or independently.
Insurance regulation
Guess the Term
Introduction: New York Property & Casualty Insurance Exam Overview
New York Property & Casualty Exam Overview
Study guide
Cheat sheet
What was the significance of the 2011 creation of the New York Department of Financial Services (DFS)?
Question · Medium
Actual Cash Value (ACV)
term
1. Actual Cash Value is a property valuation method that equals replacement cost minus depreciation, representing what property is worth today after accounting for wear and tear.
Glossary
Read the clue and guess the term in 6 tries.
Game
FREE NY Property & Casualty Exam Guide 2026: Pass P&C
NY P&C pre-license education
How many hours of continuing education (CE) must a New York property and casualty insurance producer complete during each two-year license renewal period?
Pass the NY P&C exam (150 Qs, 70% to pass, $40 fee, PSI-administered). Covers DFS regulations, no-fault PIP rules, and free practice questions for 2026.
New York regulator created in 2011 by merging the state's banking and insurance agencies.
Adverse Selection
1. Adverse selection is an insurance phenomenon where higher-risk individuals are more likely to purchase insurance than lower-risk individuals, creating an imbalanced risk pool that can lead to increased premiums and pote…
Under New York Insurance Law, which of the following is required for an individual to obtain a property and casualty producer license?
Basic NY producer eligibility
Under New York law, what is the role of an excess line broker (surplus lines broker)?
Uncertainty about whether a loss from a peril will occur.
General insurance
Chapter 1: New York P&C Insurance Regulation & Licensing
1.1 New York Department of Financial Services (DFS)
Which of the following accurately describes the New York property and casualty pre-license education requirement compared to other states?
Binder
1. A binder is a temporary insurance contract that provides the agreed coverage from its effective date while a formal policy is being issued. Its duration, cancellation requirements and permitted use depend on state law,…
Swap tiles to line up three of the same term.
Term Match
NY P&C exam facts
Under New York Insurance Law, how long does a producer have to notify DFS of a change of address?
Written contract that sets out the terms of an insurance agreement.
Coinsurance (Property Insurance)
1. Coinsurance is a property insurance provision requiring the insured to carry coverage equal to a specified percentage (usually 80%) of the property value or face a penalty at claim time.
In New York, which entity has the authority to approve or disapprove property and casualty insurance rates?
NY producer CE and renewal
What minimum age must an applicant meet to obtain a property and casualty insurance producer license in New York?
Loss settlement basis that, in most cases, equals replacement cost minus depreciation.
P&C basics
1.2 New York P&C Producer Licensing Requirements
Under New York law, what type of rate regulation system does the state use for most property and casualty insurance lines?
Declarations Page
1. A declarations page (dec page) is the first page of an insurance policy that summarizes essential coverage information including the named insured, policy number, coverage limits, deductibles, premiums, and effective da…
Flip two cards at a time to find matching terms.
Term Pairs
NY producer address change
A New York insurance producer fails to renew their license by the expiration date. What is the consequence?
Kind of liability coverage that pays above a specific amount set in a basic policy from the primary insurer.
Deductible (Property & Casualty)
1. A deductible is the amount the insured must pay out-of-pocket before insurance coverage begins, representing a form of self-insurance that reduces premiums.
Under New York Insurance Law, what happens when the Superintendent of Financial Services determines that an insurer is in a hazardous financial condition?
Question · Hard
Nonresident producer in New York
A non-resident producer from another state wants to sell property and casualty insurance in New York. What must they do?
Coverage for property damage from burning or lightning.
Dwelling policy
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