PracticeStudy GuidesBlogFlashcardsEspañol
All Practice Exams

200+ Free NY Life & Health Practice Questions

Pass your New York Life, Accident & Health Insurance Exam exam on the first try — instant access, no signup required.

✓ No registration✓ No credit card✓ No hidden fees✓ Start practicing immediately
60% Pass Rate
200+ Questions
100% Free
1 / 10
Question 1
Score: 0/0

Which New York state agency is the primary regulator of insurance companies and producers in the state?

A
B
C
D
to track
2026 Statistics

Key Facts: NY Life & Health Exam

60%

First-Time Pass Rate

NY DFS 2024

150 Q

Exam Questions

NY DFS

40 hrs

Pre-License Education

NY DFS

$500K

Security Fund Limit

Highest in US

15 hrs/yr

CE Requirement

Annual

$48

Exam Fee

PSI

New York's life and health insurance exam has a 60% first-time pass rate. It requires 40 hours of pre-license education (20 life + 20 accident & health), 150 questions in 2 hours, and 70% to pass. New York is unique for Regulation 187 (best interest standard — stronger than suitability), Regulation 60 (replacement), guaranteed issue for individual health insurance, and the NY Security Fund coverage limits.

Sample NY Life & Health Practice Questions

Try these sample questions to test your NY Life & Health exam readiness. Each question includes a detailed explanation. Start the interactive quiz above for the full 200+ question experience with AI tutoring.

1Which New York state agency is the primary regulator of insurance companies and producers in the state?
A.New York Department of State (DOS)
B.New York Department of Financial Services (DFS)
C.New York Insurance Commission
D.New York Office of General Services
Explanation: The New York Department of Financial Services (DFS) is the primary regulator of insurance companies, producers, and other financial services entities in New York. DFS was created in 2011 by merging the former Insurance Department and the Banking Department. The Department of State handles real estate licensing, not insurance.
2How many total hours of pre-license education must a candidate complete before sitting for the New York life and health insurance producer exam?
A.20 hours
B.30 hours
C.40 hours
D.60 hours
Explanation: New York requires 40 hours of pre-license education for life, accident, and health insurance producers. This 40-hour requirement is divided into 20 hours of life insurance instruction and 20 hours of accident and health insurance instruction. This is a state-specific requirement that candidates must complete through an approved pre-license education provider.
3What is the breakdown of New York's 40-hour pre-license education requirement for life, accident, and health insurance?
A.30 hours life, 10 hours accident & health
B.20 hours life, 20 hours accident & health
C.25 hours life, 15 hours accident & health
D.10 hours life, 30 hours accident & health
Explanation: New York's 40-hour pre-license education requirement is evenly split: 20 hours must cover life insurance topics and 20 hours must cover accident and health insurance topics. This equal split reflects the importance New York places on both lines of insurance for its producer licensing exam.
4How many hours of continuing education (CE) must a New York insurance producer complete each year?
A.12 hours annually
B.15 hours annually
C.24 hours biennially
D.30 hours biennially
Explanation: New York requires 15 hours of continuing education annually for insurance producers. This is unique among most states, which typically require CE on a biennial (every two years) basis. New York's annual requirement ensures producers stay current with the state's frequently updated insurance regulations and laws.
5What makes New York's continuing education requirement for insurance producers unique compared to most other states?
A.It requires more total hours than any other state
B.It is required annually rather than biennially
C.It requires all hours to be completed in-person
D.It does not require any ethics hours
Explanation: New York is unique in requiring continuing education on an annual basis (15 hours per year), whereas most other states require CE on a biennial (every two years) cycle. This annual requirement means New York producers must demonstrate ongoing education every single year to maintain their licenses.
6In New York, who is the head of the Department of Financial Services?
A.The Insurance Commissioner
B.The Superintendent of Financial Services
C.The Director of Insurance
D.The Secretary of Financial Regulation
Explanation: The head of the New York Department of Financial Services is the Superintendent of Financial Services. This position was created when the DFS was formed in 2011, replacing the former Superintendent of Insurance and Superintendent of Banks. The Superintendent is appointed by the Governor and confirmed by the State Senate.
7A New York insurance producer fails to complete the required continuing education hours by the deadline. What is the consequence?
A.The producer receives a warning letter with a 30-day grace period
B.The producer's license is automatically suspended
C.The producer must pay a fine but can continue selling
D.The producer's license lapses and they cannot transact insurance
Explanation: In New York, if a producer fails to complete the required 15 hours of annual continuing education by the deadline, their license will lapse. A lapsed license means the producer cannot legally transact insurance business. The producer must complete the CE requirements and apply for license reinstatement before resuming insurance activities.
8In New York, an insurance producer must be appointed by an insurer within how many days of the first insurance application being submitted?
A.10 days
B.15 days
C.30 days
D.60 days
Explanation: Under New York Insurance Law, an insurer must file notice of a producer's appointment within 15 days of the date the producer first submits an application for insurance on behalf of that insurer. This appointment process ensures that the DFS has accurate records of which producers are authorized to represent which insurance companies.
9Which of the following types of insurance producer licenses does New York issue?
A.Life only, health only, or combined life and health
B.Life, accident, and health combined only
C.Separate life insurance and accident & health insurance licenses
D.A single universal insurance producer license covering all lines
Explanation: New York issues separate license types for life insurance and for accident and health insurance. A producer can obtain one or both licenses depending on the lines of insurance they wish to sell. While the pre-license education covers both lines together (40 hours total), the actual licenses are distinct and must be separately applied for.
10The New York DFS was formed in 2011 by merging which two former state agencies?
A.Department of Insurance and Department of Commerce
B.Insurance Department and Banking Department
C.Department of Financial Regulation and Insurance Board
D.Office of Insurance and Office of Consumer Protection
Explanation: The New York Department of Financial Services (DFS) was created in 2011 under the New York Financial Services Law by merging the former New York Insurance Department and the New York Banking Department. This consolidation was intended to create a more efficient and comprehensive regulatory framework for the financial services industry in the state.

About the NY Life & Health Exam

The New York life, accident, and health insurance exam covers DFS licensing requirements, New York Insurance Law, Regulation 60 (replacement), Regulation 187 (suitability and best interest), the NY Security Fund, and New York's extensive consumer protection regulations including guaranteed issue requirements.

Questions

150 scored questions

Time Limit

2 hours

Passing Score

70%

Exam Fee

$55 (New York Department of Financial Services (DFS) / PSI)

NY Life & Health Exam Content Outline

25%

NY DFS & Licensing

DFS licensing, 40-hour pre-license education, license types, appointment, CE requirements (15 hrs/yr)

25%

NY Life Insurance Laws

NY Insurance Law life provisions, Regulation 60 replacement, Reg 187 best interest, free look, annuity suitability

25%

NY Health Insurance Laws

NY health policy requirements, guaranteed issue, community rating, NY State of Health marketplace, disability benefits law

25%

NY Ethics & Practices

Unfair trade practices, NY Security Fund, producer conduct, excess line, penalties

How to Pass the NY Life & Health Exam

What You Need to Know

  • Passing score: 70%
  • Exam length: 150 questions
  • Time limit: 2 hours
  • Exam fee: $55

Keys to Passing

  • Complete 500+ practice questions
  • Score 80%+ consistently before scheduling
  • Focus on highest-weighted sections
  • Use our AI tutor for tough concepts

NY Life & Health Study Tips from Top Performers

1Master Regulation 187: best interest standard for life and annuity recommendations
2Know Regulation 60: replacement disclosure requirements and procedures
3Understand NY guaranteed issue for individual health insurance (community rating)
4Study the NY Security Fund: $500K life and $500K annuity limits — highest in US
5Learn NY's 15-hour annual CE requirement (unique — most states use biennial)

Frequently Asked Questions

How hard is the New York life and health insurance exam?

The NY life and health exam has a 60% first-time pass rate with 150 questions in 2 hours, requiring 70% to pass. New York is known for having some of the most stringent insurance regulations in the country. Regulation 187 (best interest standard) and Regulation 60 (replacement) are heavily tested.

What is New York Regulation 187?

Regulation 187 requires insurance producers in New York to act in the best interest of the consumer when making recommendations for life insurance and annuity products. This goes beyond the traditional suitability standard — producers must consider the consumer's financial situation, needs, and objectives.

What is New York Regulation 60?

Regulation 60 governs life insurance and annuity replacements in New York. When a replacement is involved, the agent must provide the applicant with a Disclosure Statement and the insurer must provide a Policy Summary comparing the existing and proposed coverage.

What is the New York Security Fund?

The New York Life Insurance Company Security Fund protects NY policyholders when an insurer becomes insolvent. It covers up to $500,000 for life insurance death benefits and up to $500,000 for annuity benefits — among the highest in the nation.