License Requirements


How to Get a New York Insurance License

How to Get a New York Insurance License

COVID-19 Updates

8/06/20:  The NY DFS continues to extend the license relief and monitor waiving for an additional 90 days, through November 5, 2020.
7/06/20:  The NY DFS extends the license relief and monitor waiving for an additional 30 days, through August 7, 2020.
6/25/20:  Take a look into PSI's Remote Testing Technology and exam scheduling.

6/05/20:  The NY DFS and PSI announced that beginning 6/15/20, a new testing platform will be released allowing candidates remote testing for insurance exams.  For implementation, there will be a blackout period from June 11-14.  Exam scheduling and testing for all candidates will not be available during this time period.
5/21/20:  The NY DFS extends the license relief and monitor waiving for an additional 45 days, through July 8, 2020.
5/01/20:  PSI testing is available on a limited basis due to social distancing precautions and varies by location.
3/25/20:  The NY DFS is waiving the monitor requirement for online course exams. 
 

New York Department of Financial Services

Testing Provider (PSI)

(518) 474-6630

(800) 733-9267

 

1. Complete a Prelicensing Course

If you would like to sell insurance in New York, you must complete an approved line of prelicensing education and pass the state licensing exam. Insurance prelicensing courses are provided by A.D. Banker & Company in many different formats: classroom, web classes, online courses, or self-study. All courses are cross-referenced with the exam content outline.

When you satisfy the requirements for your course, you will receive a Certificate of Completion and A.D Banker will report your course completion directly to the state. Prelicensing education does not expire in the state of New York. New York requires all prelicensing students to pass a Certification Exam in order to receive a Certificate of Completion for their education.

The Certification Exam must be monitored by a state-approved monitor. Students who take an in-classroom course will be able to take this exam at the end of their class; online students will need to contact a state-approved monitor to set up a monitoring session 

Line

Hours

Life

20*

Accident and Health

20*

Life, Accident and Health

40*

Property and Casualty

90*

Personal Lines

40*

Public Adjuster

40*

*If applying for a Broker license, you may submit a Statement of Employer form to the Department in lieu of completing a prelicensing course.

2. Pass a Licensing Exam

Making Exam Reservations

An exam fee must be paid at the time of reservation by credit card, debit card, voucher or electronic check. You can make a reservation through the following methods:

  • Online: www.psiexams.com
  • Phone:  (800) 733-9267
  • Fax completed Registration Form to (702) 932-2666 and call PSI after 4 business days.
  • Mail completed Registration Form and appropriate exam fee to PSI Services LLC, ATTN: Examination Registration NY INS, 3210 E Tropicana * Las Vegas, NV * 89121. After 2 weeks, call PSI to schedule the exam at (800) 733-9267.

What to Bring

Two forms of current signature identification:

  • A primary ID (photograph and signature, not expired) such as a Driver’s License or Passport
  • A secondary ID (signature, not expired) such as a Debit or Credit card

Exam Procedures

  • Report to the test center 30 minutes before the exam to sign in and verify identification.
  • No talking or any other form of communication among candidates is permitted in the exam area.
  • Children, cell phones, calculators, pagers, cameras, programmable electronic devices and recording devices of any kind are NOT allowed.
  • No smoking, eating, or drinking will be allowed at the exam site.
  • Dictionaries, books, papers, or study and reference materials are NOT permitted.
  • You may not exit the building during the exam.
  • Copying or communicating exam content is a violation of PSI security policy. Either may result in the disqualification of exam results and lead to legal action and prosecution.

PSI exam sites have additional procedures:

  • You will have your picture taken prior to admittance into the exam.
  • You may not wear a jacket, coat or any type of hooded clothing into the exam room. Sweaters that do not have pockets are allowed.
  • You may not bring a purse or backpack into the exam room.
  • You will be asked to put these items in your vehicle. PSI only provides accordion type folders for any items. These folders are left in the lobby and PSI is not responsible for the security of those items.
  • You may not wear a wristwatch into the exam room and you will be asked to empty your pockets.

Exam Format

  • Each major line exam is given in a multiple-choice format.
  • The exam consists of two parts:
    1. The general section deals with basic insurance product knowledge
    2. The state section deals with insurance laws, rules, and regulations, and practices that are unique to New York
  • Each exam contains “pretest” questions that are mixed in with the scored questions and are not identified. Pretest questions may not be covered in your educational materials and do not affect your final score!
  • The passing score required on each exam is 70%.
  • When you complete the exam, you will receive a score report marked “pass or fail”.
    • If you do not pass, you will immediately receive an unsuccessful exam results letter along with a diagnostic report indicating your strengths and weaknesses by exam portion.  Candidates can schedule another exam but must wait 24 hours before making the reservation.
    • If you pass, you will immediately receive a successful notification and performance summary on an exam results letter.

    New York Exam Information

    Exam Code

    Exam Name

    Exam Time

    Total Questions

    17-51

    Life Insurance Agent/Broker

    2 hrs

    100

    17-52

    Accident and Health Insurance Agent/Broker

    2 hrs

    100

    17-55

    Life, Accident and Health Insurance Agent/Broker

    2 hrs 30 min

    150

    17-73

    Life, Accident and Health Insurance Laws and Regulations

    1 hr

    50

    17-75

    Life Insurance Agent/Broker (Spanish)

    2 hrs

    100

    17-76

    Accident and Health Insurance Agent (Spanish)

    2 hrs

    100

    17-77

    Life, Accident and Health Insurance Agent/Broker (Spanish)

    2 hrs 30 min

    150

    17-78

    Life, Accident and Health Insurance Laws and Regulations (Spanish)

    1 hr

    50

    17-56

    Property and Casualty Insurance Agent/Broker

    2 hrs 30 min

    150

    17-74

    Property and Casualty Insurance Laws and Regulations

    1 hr

    50

    17-54

    Personal Lines Insurance Agent/Broker

    2 hrs

    100

    17-62

    Public Adjuster

    1 hr

    60

    17-63

    Independent Accident and Health Insurance Adjuster

    1 hr

    60

    17-64

    Independent Fire Adjuster

    1 hr

    60

    17-65

    Independent Casualty Adjuster

    1 hr

    60

    17-66

    Independent Automobile Insurance Adjuster

    1 hr

    60

    17-67

    Independent Aviation Insurance Adjuster

    1 hr

    60

    17-68

    Independent Fidelity and Surety Adjuster

    1 hr

    60

    17-69

    Independent Inland Marine Adjuster

    1 hr

    60

    17-70

    Independent General Adjuster

    2 hrs

    100

    17-71

    Independent Automobile Damage and Theft Appraisal Adjuster

    1 hr

    60

    3. Apply for License

    After passing the exam, apply for your license. See the state's website for complete details and instructions at https://www.dfs.ny.gov/apps_and_licensing/agents_and_brokers/apply_individual_original_tba.

    A.D. Banker Prelicensing Course Free Trial

    A.D. Banker & Company provides licensing information as a courtesy to our students. While reasonable attempts have been made to ensure the accuracy of this information, licensees are ultimately responsible for ensuring that they are in compliance with the requirements set forth by their state licensing entity. A.D. Banker & Company offers no guarantee of the accuracy of this information and will not be held liable in case of noncompliance with the license requirements.