NEW YORK - Licensing Information Bulletin

INTRODUCTION




NEW YORK
Department of Financial Services


Licensing Information Bulletin
For examinations on and after September 7, 2015




     Register online at www.prometric.com/newyork/insurance




Published by Prometric
Providing License Examinations for the State of New York


800.324.7147 • Fax: 800.347.9242 • TDD: 800.790.3926
www.prometric.com/newyork/insurance

Copyright © 2015 Prometric Inc., a Delaware corporation. All rights reserved.
REVISED 20150901
Contents
Introduction                                                  1    Exam content outlines                                     24
A message from the Department ................... 1                New York Life Insurance Agent/Broker
At a glance .................................................. 1     Examination Series 17-51 ........................ 24
Understanding license requirements                            2    New York Accident and Health Insurance
                                                                     Agent/Broker Examination Series 17-52 ... 26
Overview of the licensing process .................. 2
                                                                   New York Personal Lines Insurance
Pre-licensing education requirements ............. 3                 Agent/Broker Examination Series 17-54 ... 29
Agent licenses .............................................. 4    New York Life, Accident, and Health Insurance
Broker licenses............................................. 5       Agent/Broker Examination Series 17-55 ... 32
Life Settlement Broker licenses ...................... 6           New York Property and Casualty Insurance
Adjuster licenses .......................................... 6       Broker Examination Series 17-56 ............. 36
Consultant licenses ....................................... 7      New York Life, Accident and Health Insurance
License requirements based on residency ....... 7                    Consultant Examination ........................... 40
   Resident licensing requirements ................. 8             Series 17-57 .............................................. 40
   Nonresident licensing requirements ............ 8               New York Property and Casualty Insurance
                                                                     Consultant Examination Series 17-58 ....... 45
Registering and scheduling an                                      New York Bail Bond Agent Examination ........ 49
examination appointment                                       9    Series 17-59 .............................................. 49
Registration process ..................................... 9       New York Mortgage Guaranty Agent
Scheduling an examination ........................... 9              Examination Series 17-60 ....................... 49
  Testing fee ............................................... 9    New York Public Adjuster Examination.......... 50
Rescheduling an appointment........................ 9              Series 17-62 .............................................. 50
  If you are absent or late for your                               New York Independent Accident and Health
     appointment ......................................... 9         Insurance Adjuster Examination ............... 52
  Emergency closings ................................ 10           Series 17-63 .............................................. 52
Special test considerations .......................... 10          New York Independent Fire Adjuster
                                                                     Examination Series 17-64 ....................... 55
Testing Centers                                             11     New York Independent Casualty Insurance
New York test sites ..................................... 11         Adjuster Examination Series 17-65........... 56
                                                                   New York Independent Automobile Insurance
Preparing for your exam                                     14       Adjuster Examination .............................. 59
Study materials .......................................... 14      Series 17-66 .............................................. 59
Content outlines overview ........................... 14           New York Independent Aviation Insurance
Taking your exam                                            15       Adjuster Examination Series 17-67........... 61
                                                                   New York Independent Fidelity and Surety
The testing process .................................... 15
                                                                     Adjuster Examination Series 17-68........... 62
Testing regulations ..................................... 16
                                                                   New York Independent Inland Marine Adjuster
Question types ........................................... 17        Examination Series 17-69 ....................... 63
Your exam results ...................................... 18        New York Independent General Adjuster
Candidate feedback .................................... 18           Examination Series 17-70 ........................ 64
Appeals process ......................................... 19       New York Independent Automobile Damage and
                                                                     Theft Appraisal Adjuster .......................... 69
Obtaining your license                                      19
                                                                   Series 17-71 .............................................. 69
Applying for your license ............................. 19
                                                                   New York Independent Motor Vehicle No-Fault
   Agent applicants ..................................... 20         and Workers Comp. Health Services Adjuster
   Broker applicants .................................... 20         Series 17-72........................................... 69
   Adjuster applicants ................................. 21        New York Examination for Life, Accident and
License fees and renewal dates ................... 21                Health Insurance Laws and Regulations
Continuing Education .................................. 22           Series 17-73........................................... 71




                                                             ii
CONTENTS




New York Examination for Property and
  Casualty Insurance Laws and Regulations
  Series 17-74 .......................................... 73
New York Life Insurance Life Settlement Broker
  Examination ........................................... 74
Series 17-80 .............................................. 74
New York Agent's Examination for Title
  Insurance Series 17-81 ........................... 76
Examen para agentes y corredores de seguros
  de vida de Nueva York ............................ 77
Serie 17-75 ............................................... 77
Examen para agentes y corredores de seguros
  médicos y contra accidentes de Nueva York
  ............................................................. 80
Serie 17-76 ............................................... 80
Examen para agentes y corredores de seguros
  de vida, seguros contra accidentes y seguros
  médicos de Nueva York ........................... 83
Serie 17-77 ............................................... 83
Examen de Nueva York acerca de leyes y
  reglamentos sobre seguros de vida, seguros
  contra accidentes y seguros médicos Serie
  17-78 .................................................... 89

Exam Registration Form                                        91

Credit Card Payment Form                                      93




                                                    iii
INTRODUCTION




                                                                    Introduction
A message      This bulletin provides you with information about the examination and licensing
               process for individuals who wish to operate as insurance agents, brokers and
from the       consultants, independent adjusters and public adjusters, and others, as defined in
Department     New York Insurance Laws.

               It also contains information that is useful once you become licensed. We suggest
               you keep this bulletin for future reference. Once the Department is satisfied that you
               have met all requirements for a license, the appropriate license will be issued.

               We wish you well in preparing for your examination and remind you that by law you
               are required to continue your insurance education after becoming licensed. Remember
               that a license is a privilege, not a right or a gift. You must commit yourself from the
               beginning to comply with the laws and regulations set forth to regulate the insurance
               industry.

At a glance

        
               Follow these steps if you wish to obtain an insurance license.

               To obtain your insurance license
               1   Review this bulletin thoroughly to determine any exams needed and the pre-
                   licensing requirements for those exams.

               2   Contact Prometric to register, schedule an appointment and pay for your
                   exam. The easiest way to register is online at
                   www.prometric.com/newyork/insurance. (See Page 9.)

               3   Prepare for your exam, using this bulletin and materials received in your pre-
                   licensing course, if required, or materials from other sources. The content
                   outlines in this guide are the basis for the exams. (See Page 24.)

               4   Take the scheduled exam, bringing required identification to the test center.
                   You will receive your results immediately after the exam. If you pass, go on to
                   Step 5. If you do not pass, repeat steps 2 through 4.

               5   Apply for your license through the New York State Department of Financial
                   Services. (See Page 19.) Please wait at least 24 hours after passing your exam
                   receiving the passed score report before applying for your license.



              To get answers not provided in this bulletin
               Direct all questions and requests for information about exams to:
                            Prometric
                            7941 Corporate Drive
                            Nottingham, MD 21236
                            Phone: 800.324.7147
                            Fax: 800.347.9242
                            TDD User: 800.790.3926
                            Visit our website at www.prometric.com/newyork/insurance



                                             1
UNDERSTANDING   LICENSE     REQUIREMENTS




                  Direct applications and questions about licensure to:
                               New York State Department of Financial Services
                               One Commerce Plaza, Suite 2003
                               Albany, NY 12257
                               Phone: 518.474.6630
                               Email: licensing@dfs.ny.gov
                               Visit the Department’s website at http://www.dfs.ny.gov


        Understanding license requirements
                  This section describes:
                  • Pre-licensing education requirements.
                  • The types of licenses offered and their requirements.
                  • Licensing requirements based on residence.
Overview of the   The New York State Department of Financial Services is authorized to license
licensing         individuals who wish to operate as insurance agents, brokers consultants,
                  independent adjusters, public adjusters, and others, as defined in New York
process           Insurance Laws.

                  Generally, the steps to becoming licensed are:
                  1   Complete any pre-licensing education requirements.

                  2   Pass an exam to confirm that you have attained a minimum level of knowledge
                      regarding the principle statutes and regulations affecting the insurance
                      profession and the products and services you will sell or represent to the public.

                  3   Submit/process a completed license application to the Department within two
                      years of passing your exam. (See Page 19 for application information.)

                  The Department will review your application packet, verify that you have nothing in
                  your background that should prohibit you from being licensed, and then issue the
                  appropriate license.




         
                  Important Passing an examination does not guarantee that you will be issued a
                  license. You must submit your license application, appropriate fees and all
                  supporting documentation to the Department. Issuance of a license depends on a
                  review and approval of all license application materials. If you take an exam
                  unnecessarily or are found unqualified, neither the exam fee nor the license-
                  processing fee will be refunded.




                                                2
PRE-LICENSING            EDUCATION          REQUIREMENTS




Pre-licensing          Pre-licensing education requirements have been established to ensure that license
                       candidates have a minimum level of knowledge about the insurance marketplace
education              and related New York State laws and regulations.
requirements
                       Pre-licensing requirements are noted below:

      Pre-licensing                             License                              Minimum Hours Required
   requirements by
             license   Accident and Health Agent only                               20 hours
                       Accident and Health Broker only                              20 hours or *
                       Life Agent only                                              20 hours
                       Life Broker only                                             20 hours or *
                       Life/Accident and Health Agent                               40 hours
                       Life, Accident and Health Broker                             40 hours or *
                       Life/Accident and Health Insurance Consultant                TBD
                       Personal Lines Insurance Agent                               40 hours
                       Personal Lines Broker                                        40 hours or *
                       Property and Casualty Agent                                  90 hours
                       Property and Casualty Broker                                 90 hours or *
                       Property and Casualty Insurance Consultant                   TBD
                       Independent Adjusters                                        TBD
                       Life Settlement Broker                                       20 hours or *
                       Public Adjuster                                              40 hours or *

                       *Statement of Employer in lieu of Pre-licensing Education. If applying for a Broker license, you
                       may submit a Statement of Employer form to the Department in lieu of completing a pre-
                       licensing course. The Statement of Employer must document that you have been regularly
                       employed by a New York licensed insurance company, broker or agent for no less than one
                       year during the three years preceding the date of application, and have been employed (a) in
                       the case of a Property/Casualty Broker, in reasonable insurance duties relating to the
                       underwriting or adjusting of losses in any one of the following lines of insurance: fire, marine,
                       liability, workers’ Compensation, or fidelity and surety; or (b) in the case of a Life Broker, in
                       responsible insurance duties relating to the use of life insurance, accident and health insurance
                       and annuity contracts, or in the design and administration of plans for estate conservation and
                       distribution, employee benefits and business continuation.

                       If applying for a Life Settlement Broker license, you may submit a Statement of Employer form
                       to the Department in lieu of completing a pre-licensing course. The Statement of Employer
                       must docment that you have been regularly employed by a life settlement provider, life
                       insurance
                       company, life settlement broker or an insurance producer with a life line of authority, for a
                       period or periods aggregating not less than one year , during the three years preceding the
                       date of application, in responsible duties relating to the use of life insurance and annuity
                       contracts in the design and administration of plans for estate conservation and distribution,
                       employee benefits and business continuation and settlements of life insurance and annuity
                       contracts.

                       If applying for a Public Adjuster license you may submit a Statement of Employer form to the
                       Department in lieu of completing a pre-licensing course. The Statement of Employer must
                       document that you have been regularly employed in the insurance business for no less than
                       one year in duties involving sales, underwriting or claims, or other experience considered
                       sufficient by the Superintendent.




                                                         3
UNDERSTANDING    LICENSE       REQUIREMENTS




                  Pre-licensing education providers. Pre-licensing providers are approved by the
                  Department to teach appropriate and meaningful courses that will enable potential
                  licensees to become familiar with the requirements prescribed by law. A list of
                  approved providers and courses is available on the Department’s Web site at
                  http://www.dfs.ny.gov or by calling the Department at 518.474.6630.
                  Pre-licensing Education School Certificate. Once you complete a pre-licensing
                  course, the course provider will issue a Pre-licensing Education School Certificate
                  certifying your satisfactory completion of the course. This certificate must be
                  submitted to the Department with your application (see Page 19) and retained in
                  your records. The certificate is good for a lifetime and is your evidence you
                  successfully completed the pre-licensing course.
                  Exemptions from pre-licensing education. Individuals who hold a professional
                  designation may waive the education requirement for certain exams and need only
                  take a laws and regulations exam, as indicated below.

                             License                Designation Type         Exam Title and Number

                  General Consultant (C3)      CPCU, FCAS, ACAS              No exam required

                  Life Agent                   CLU, CLUA                     17-73 Life and Health Law
                                                                             and Regulations

                  Life Broker                  ChFC, CLU, MSFS               17-73 Life and Health Law
                                                                             and Regulations

                  Life Consultant (C1)         CLU, FAS, ASA                 No exam required

                  Life Settlement Broker       CLU, CLUA                     17-73 Life and Health Law
                                                                             and Regulations

                  Personal Lines               CPCU                          17-74 Property Casualty
                  Agent/Broker                                               Laws and Regulations

                  Property Casualty            CPCU                          17-74 Property Casualty
                  Agent/Broker                                               Laws and Regulations

Agent licenses    An insurance agent represents an insurance company(ies) and sells insurance for
                  whichever company(ies) have appointed that agent. An agent is required to have at
                  least one company appointment on file in order to sell insurance. The appointment
                  must be filed within 15 days of either the date an agency contract is executed with
                  the insurance company or the date the first insurance application is submitted to the
                  company.

                  The applicant must pass an exam before submitting the license application. The
                  table below lists the agent licenses and the corresponding exam number.

                   License                                Exam Series
                   Life Agent                                 17-51
                   Accident and Health Agent                  17-52
                   Personal Lines Agent                       17-54
                   Property Casualty Agent                    17-56
                   Bail Bond Agent                            17-59
                   Mortgage Guaranty Agent                    17-60


                                                4
BROKER       LICENSES




         
                  Note Prometric offers a combined Life, Accident, and Health exam (17-55) for
                  those wishing to apply for both the Life, and Accident and Health licenses at the
                  same time.

                  Exemptions from agent licensing exams. You may be exempt from exam
                  requirements if:
                  •     You previously passed an agent or broker exam and were licensed as an agent
                        within the two years immediately preceding your application or you are currently
                        licensed as a broker in the same lines of insurance for which you are applying.

                  •     You are a travel accident or baggage agent who is a ticket-selling agent or
                        representative of a railroad, steamship or other public carrier and will act as an
                        insurance agent only in the issuance of accident insurance tickets or baggage
                        insurance tickets primarily for the purpose of covering the risk of travel.
                  Exemptions from agent licensing. You may be exempt from agent licensing if
                  you meet the following criteria as specified in NYS Insurance Law:
                  •     You are a regular salaried officer or employee of an insurance company as
                        defined in Section 2101 (a)(1) of NYS Insurance Law.

                  •     You are representing only a fraternal benefit society authorized by Sections
                        4501(h-p) & 4505 and you do not qualify as an “insurance agent” as defined by
                        Section 2101 (a)(3) of the Insurance Law of this state.

Broker licenses   An insurance broker represents the public and can sell insurance for any insurance
                  company licensed in New York State which deals with brokers.

                  The applicant must pass an exam before submitting the license application. The
                  table below lists the broker licenses and the corresponding exam number.

                      License                               Exam Series
                      Property Casualty Broker                  17-56
                      Personal Lines Broker                     17-54
                      Accident and Health Broker                17-52
                      Life Broker                               17-51
                      Life Settlement Broker                    17-50




                 Note Prometric offers a combined Life, Accident, and Health exam (17-55) for
                  those wishing to apply for both the Life, and Accident and Health licenses at the
                  same time.

                  Exemption from broker licensing exams. You may be exempt from exam
                  requirements if you have previously passed an agent or broker exam and were
                  licensed as a broker within the two years immediately preceding the application or
                  you are currently licensed as an agent in the same lines of insurance for which you
                  are applying.



                 Note If you are seeking an Excess Lines Broker license, Section 2105 of the
                  Insurance Law requires you first be licensed as a Property Casualty broker under
                  Section 2104. You should contact the Department at 518.474.6630 or online at
                  http://www.dfs.ny.gov for further licensing requirements.


                                                   5
UNDERSTANDING     LICENSE      REQUIREMENTS




Life Settlement    A Life Settlement broker solicits, negotiates or offers to negotiate a life settlement
Broker licenses    contract. An applicant must pass the Life Settlement Broker examination #17-50
                   before submitting the license application.
                   Exemption from life settlement broker licensing examination. You may be
                   exempt from exam requirements if you have previously passed the examination and
                   were licensed as a life settlement broker within the two years immediately preceding
                   the application.

                   You may be exempt from examination requirements if you are currently licensed, for
                   at least one year, as an agent or broker with a life line of authority in this state or
                   any other state.

Adjuster           Public Adjusters investigate and adjust, on behalf of the insured, claims connected
licenses           with losses from the following risks enumerated in the Insurance Law Sections
                   1113(a): 4 (fire); 5 (miscellaneous property); 6 (water); 7 (burglary and theft); 8
                   (glass); 9 (boiler and machinery); 10 (elevator); and 20 (B)(C) (marine and inland
                   marine). An applicant must pass the Public Adjuster exam 17-62 before
                   submitting the license application.
                   Independent Adjusters act on behalf of the insurer in the work of investigating
                   and adjusting claims. An applicant must pass an examination for each license s/he
                   wishes to hold before submitting a license application. Independent adjusters can
                   be licensed in the following lines of insurance:

                    Independent Adjuster License                    Exam Series
                    Accident and Health                                 17-63
                    Automobile                                          17-66
                    Aviation                                            17-67
                    Casualty                                            17-65
                    Fidelity and Surety                                 17-68
                    Fire                                                17-64
                    Inland Marine                                       17-69
                    General                                             17-70
                    Auto Damage or Theft Appraisal                      17-71
                    Motor Vehicle No Fault and Workers’                 17-72
                    Compensation Health Services Charges

                   An applicant applying for the Multi-peril Crop Adjuster license must have received
                   accreditation from the Federal Crop Adjuster Proficiency Program administered by
                   National Crop Insurance Services, Inc.

                   Exemption from adjuster licensing exams. You may be exempt from exam
                   requirements if you have previously passed an adjuster exam and were licensed as
                   an adjuster within the two years immediately preceding the application.
                   Exemption from adjuster licensing. You may be exempt from independent
                   adjuster licensing if you are an insurance company employees, lawyer, broker, etc.,
                   listed under subsections (g) (1) and (2) of Insurance Law Section 2101.

                   If you intend to adjust on behalf of multiple insurance companies, you must obtain
                   an adjuster license.


                                                  6
CONSULTANT          LICENSES




Consultant     A Life Insurance Consultant or Property & Casualty Insurance Consultant provides
licenses       expert and professional advice on insurance to clients. Licensed Consultants cannot
               sell, solicit or negotiate an insurance policy as to do so would require licensing as an
               Agent or Broker.
               Life Insurance (Life) Consultants must pass Exam 17-57 before submitting a
               license application. Licensed Life Consultants are authorized to provide clients with
               expert advice on the following lines of insurance:
               • Life Insurance
               • Annuities
               • Accident & Health
               Property & Casualty Insurance (General) Consultants must pass Exam 17-58
               before submitting a license application. Licensed General Consultants are authorized
               to provide clients expert advice on the following lines of insurance:


               1. Animal                                    12. Miscellaneous Property
               2. Boiler & Machinery                        13. Mortgage Guaranty
               3. Burglary and Theft                        14. Motor Vehicle and Aircraft Physical
               4. Collision                                     Damage

               5. Credit                                    15. Personal Injury liability

               6. Elevator                                  16. Property Damage Liability

               7. Fidelity and Surety                       17. Residual Value

               8. Fire                                      18. Title

               9. Glass                                     19. Water Damage

               10. Marine and Inland Marine                 20. Workers Compensation and
                                                                Employers Liability
               11. Marine Protection and Indemnity
               Exemptions from consultant licensing exams. You may be exempt from
               consultant exam requirements if:
               •   You are applying for a General Consultant license and are currently licensed as a
                   Property/Casualty agent or broker, or you are applying for a Life Consultant
                   license and are currently licensed as a Life, Accident & Health agent or broker.

               •   You have previously passed the exam and were licensed within the two years
                   immediately preceding the application date.

License        Requirements for licensing vary according to the applicant’s currently declared
requirements   home state. This section describes general licensing requirements for New York
               resident and nonresident applicants.
based on
               A resident licensee is one who has declared New York as their home state.
residency
               A nonresident licensee is one who has declared a state other than New York as
               the home state and is licensed in good standing for the lines of authority for which
               one is applying for in New York.

               Home state is defined as the District of Columbia or any state or territory of the
               United States in which the applicant maintains a principal place of residence or
               principal place of business.


                                              7
UNDERSTANDING   LICENSE     REQUIREMENTS




                 Resident licensing requirements
                 Generally, to qualify for a New York resident insurance license, you must:
                 •   Be at least 18 years old.
                 •   Complete any necessary pre-licensing education requirements (see Page 3).
                 •   Pass the appropriate license exam(s), if required (see Page 4).
                 •   Apply to the Department for a license within two years of passing an exam.
                 •   Pay the appropriate licensing fee.

                 Nonresident licensing requirements
                 Nonresident Agents and Brokers. If you wish to obtain a New York state
                 nonresident license, you must submit a nonresident license application and the
                 appropriate fees. You must currently be licensed and in compliance in your declared
                 home state.




         
                 Note Your license information must be included in the National Producer
                 Database; if not, Certification from your home state must be submitted with the
                 application.

                 There is no reciprocity in regard to licensing adjusters. All applicants must pass the
                 New York exam.
                 National Insurance Producer Registry (NIPR). New York is a participating state
                 in the NIPR, an affiliate of the National Association of Insurance Commissioners
                 (NAIC). This database of producer information links the licensing systems of
                 participating states, facilitating the exchange of electronic information. If you wish to
                 file a nonresident individual agent or broker license in multiple states, you may do
                 so quickly and easily, in one transaction, through NIPR. For more information, log on
                 to the NIPR website at www.licenseregistry.com or call 816.783.8468.
                 Producer applicants relocating to New York State. If you are currently licensed
                 or have been licensed in another state within the last 90 days and are relocating to
                 New York, the education and exam requirements may be waived by submitting the
                 resident license application. Your license information MUST be included in the
                 National Producer Database; if not, you must submit with the application a currently
                 dated Certification from the state you had previously declared as your home state.




                                                 8
REGISTRATION         PROCESS




                      Registering and scheduling an
                          examination appointment
Registration
process          To register and schedule an examination online, follow these steps:
                 • Access www.prometric.com/newyork/insurance.
                 • If it is your first time, under Insurance License exam click Create or Login to
                     Your Account to set up your user ID and password.
                 • Complete the registration process by clicking on Schedule Your Test.
Scheduling an    Once your registration has been processed, you can schedule an examination
examination      appointment at any time online at www.prometric.com/new york/insurance or
                 by calling 800.324.7147 between 8 a.m. and 8 p.m. (Eastern Time), Monday
                 through Friday. You will receive a number confirming your appointment. Keep this
                 confirmation number for your records—you will need it to reschedule, cancel or
                 change your appointment.



          
                 Note You must schedule your examination within 90 days from the date your
                 registration form has been processed by Prometric.

                 Testing fee
                 The testing fee is $40 and is payable when you schedule your examination.
                 Generally, all major cards are accepted; however, for some exam programs,
                 certified bank checks, money order or wire transfers are acceptable forms of
                 payment.

                 Examination testing fees are not refundable or transferable.

Rescheduling     If you need to reschedule an examination for another date, time or location, you
an appointment   must contact Prometric.

                 Rescheduling fees will apply as follows:
                 • There is no additional fee if you reschedule at least 3 calendar days prior to
                     your appointment date.
                 •   Another full examination fee will be charged if you reschedule less than
                     three calendar days before your appointment date.



                Note Rescheduling an examination must be done online at
                 www.prometric.com/newyork/insurance or by calling 800.324.7147. You cannot
                 reschedule an examination by fax, e-mail or voicemail. Customer Service
                 Representatives are available to take your call Monday through Friday, between
                 8:00 a.m. and 8:00 p.m. Eastern Time.

                 If you are absent or late for your appointment
                 If you miss your appointment or arrive late and are not allowed to test, your entire
                 examination fee will be forfeited and you must pay another examination fee to
                 schedule a new appointment.


                                               9
REGISTERING   AND   SCHEDULING        AN   EXAMINATION          APPOINTMENT




                    Emergency closings
                    Severe weather or an emergency could require canceling scheduled examinations.
                    If this occurs, Prometric will attempt to contact you by phone or e-mail; however,
                    you may check for testing site closures at www.prometric.com/sitestatus. If the
                    test center is closed, your examination will be rescheduled with no rescheduling fee.

                    If a test center is open and you choose not to appear for your appointment, your fee
                    will be forfeited. You must then reschedule your examination and pay another full
                    examination fee.

Special test        ADA Accommodation. If you require testing accommodations under the Americans
considerations      with Disabilities Act (ADA), please call Prometric at 888.226.9406 to obtain an
                    Accommodation Request Form. Reasonable testing accommodations are provided to
                    allow candidates with documented disabilities recognized under the ADA an
                    opportunity to demonstrate their skills and knowledge.

                    Candidates should submit professional documentation of the disability with their
                    form to aid Prometric in determining the appropriate testing accommodations. Thirty
                    days advance notice is required for all testing arrangements and there is no
                    additional charge for these accommodations.
                    ESL Accommodation. If English is not your primary language, you may qualify for
                    additional time for your test by requesting an ESL Authorization from Prometric.
                    Please include:
                    • A personal letter requesting the authorization; and
                    • A letter from your English instructor or sponsoring company (on company
                       letterhead), certifying that English is not your primary language.

                    If documentation is approved, Prometric may extend the time limit on your
                    examination to time-and-one-half. You will be notified by mail of this approval and
                    should not schedule your exam until you have received the approval letter.




                                                  10
NEW      YORK      TEST     SITES




                                                             Testing Centers
New York test   Test center locations are subject to change. Locations that may be convenient for
                New York candidates are listed below. Testing center locations in surrounding states
sites           are available online at www.prometric.com. Examinations are administered by
                computer at Prometric test centers. Most locations are open on Saturdays and some
                locations are open on Sundays and in the evenings

                 Test Sites                  Directions
                Albany                     From the North
                17 Computer Drive East     I-87 south , take the right lane at exit 4. At the base of the exit
                Albany, NY 12205           take a left at the light. Get into the center lane and take a left at
                518.438.6762               the next light. Get into the right lane, go under the bridge and
                                           take a right onto Wolf Road. At the fourth traffic light take a left
                                           onto Computer Drive East. We are on the right side of the street
                                           #17. Please park on the street and come in the front door.

                                           From the West and East
                                           Take I-90 to exit 1N ( I-87 north). Take exit 2E (Wolf Road). Go
                                           straight at the end of the ramp onto Wolf Road. At the fourth
                                           traffic light take a right onto Computer Drive East. We are on the
                                           right side of the street #17. Please park on the street and come in
                                           the front door.

                                           From the Thruway
                                           Take exit 24 (Albany). After the toll booth take I-87 N (Northway)
                                           to exit 2E( Wolf Road). Go straight at the end of the ramp onto
                                           Wolf Road. At the fourth traffic light take a right onto Computer
                                           Drive East. We are on the right side of the street #17. Please park
                                           on the street and come in the front door.
                Brooklyn                   Take the Brooklyn Queens Expy / I-278 (West) to Tillary Street
                111 Livingston Street      (Exit 29) toward Manhattan Bridge/Brooklyn Civic Center. Take a
                11th Floor                 slight right onto Tillary Street. Then turn left onto Brooklyn Bridge
                                           Blvd./Adams Street. Continue to follow Brooklyn Bridge Blvd. Turn
                Brooklyn, NY 11201
                                           Right onto Livingston Street.
                718.722.1547               We are located on the 11th Floor, Suite 1111. If taking public
                                           transportation, take 2,3,4,5 train to Borough Hall.
                Buffalo - Tonawanda        The center is located in a Medical Building (Suite 106) at 3800
                3800 Delaware Avenue       Delaware Avenue in Tonawanda, NY. From the North and West:
                (Medical Building – Free   Take I-190 to I-290 East, take first exit ( Exit 1), Elmwood
                                           Avenue, at end of exit turn left on Knoche Road (CR306) and
                Parking)
                                           continue to traffic light (Delaware Avenue, NY384), turn right and
                Tonawanda, NY 14217        proceed ½ mile to location on right. From South and East: I-90
                716.877.0138               Exit 50 (I-290,Youngmann Expressway) to Exit 1A, Delaware
                                           Avenue South (NY384) on I-290 Westbound and continue on
                                           Delaware Avenue for ½ mile to location on right.
                East Syracuse              Head north on S. State St. toward E. Fayette St. miles and make
                5015 Campuswood Drive      a right onto Erie Blvd E. Then turn left onto N. Mcbride St. and
                                           immediately turn right to merge onto I-690 E. Take exit 16N-16S-
                Suite 106
                                           17 toward Bridge Street/New York 635/Thompson Road/E.
                East Syracuse, NY 13057    Syracuse. Keep left to continue on Exits 16N-17, follow signs for
                315.434.1935               Thompson Rd./NY-635 N and merge onto Thompson Rd./NY-635
                                           N. At the traffic circle, take the 1st exit onto NY-298 E. Turn right
                                           onto New Venture Gear Drive. Turn left onto Campuswood Drive,
                                           then turn right, and then left. We are located on the left.




                                             11
TESTING   CENTERS




                     Test Sites                  Directions
                    Garden City                 From NYC/Queens on the LIE or the Grand Central Parkway: Take
                    865 Merrick Ave.            the LIE or Grand Central to the Northern State Parkway, Exit 32
                                                South (Post Ave). Continue through the Town of Westbury, and
                    70N
                                                cross over Old Country Road. At this point Post Ave. turns into
                    Westbury, NY 11590          Merrick Ave. Continuing on Merrick Ave., make a right at the first
                    516.357.9292                light, which will be Privado Road. Make a quick left into the
                                                parking lot in the rear of the of the two story building, 865
                                                Merrick Ave

                                                From the North Shore: Take the Meadowbrook Parkway South
                                                (see directions below).

                                                From the South Shore: Take the Southern State (either direction)
                                                to the Meadowbrook Parkway North (see directions below).

                                                Get off at exit M3 East (aka Merchants Concourse). Stay in the
                                                right lane and make a right at the third light onto Privado Road.
                                                Go ¼ mile and make right into the rear parking lot for 865
                                                Merrick Ave. Enter the 2 story building, go down elevator or 1
                                                flight of stairs and the test center is directly across the hall.

                    Melville                    From the West: Take the LIE east to exit 49 north. Continue to
                    35 Pinelawn Road            the third stoplight and take a right on Pinelawn Road. The testing
                    Suite 108E                  center is the second building on your right. Or take Southern
                                                State Parkway exit 35 Wellwood/Pinelawn make a right at the
                    Melville, NY, 11747
                                                light. Drive about 3 miles past all cemeteries over the LIE; its the
                    631.845.9063                second building on the left.

                    New York/Midtown            One block east of Grand Central Station the northeast corner of
                    675 Third Avenue            Third Avenue and E. 42nd Street.
                    Second Floor                Actual entrance on E. 42 St.
                    New York, NY 10017          Trains & Subway: Metro North trains and all subway number 4, 5,
                    646.487.6320                6, 7, Shuttle to Grand Central; walk to E 42 St. going north east
                                                towards Third Avenue.

                    New York                    The testing center is located on 34th Street between 7th and 8th
                    1 Penn Plaza                Avenues. Take the 1, 2, 3 or A, C, E subway trains to 34 Penn
                    New York, NY 10019          Station.
                    212.760.1137 - Suite 1540   Take the Long Island Railroad and the New Jersey Transit to Penn
                    212.631.0020 - Suite 1728   Station.

                    Poughkeepsie                From the west side of the Hudson River: Take I-87 to Exit 18.
                    1 Civic Center Plaza/       Turn right onto Route 299 east and go six miles. Turn right onto
                                                9W south. At Route 44/55, cross the Mid-Hudson Bridge. At the
                    249 Main St.
                                                third stop light after the bridge, turn left onto Market Street.
                    5th Floor
                    Poughkeepsie, NY 12601      From the east side of the Hudson River and south: Take 9D north
                    845.471.6949                to Route 9 into Poughkeepsie. Route 9 and 9D merge together
                                                approximately six miles from the testing center. Continue on
                                                Route 9 north to the 44/55 Exit east. At the third stop light after
                                                the bridge, turn left onto Market Street. The Test center is located
                                                at 249 Main St. on the right-hand side corner of Market and Main
                                                St. with a Municipal multi-level parking lot behind the building.

                                                Metro North train Husdson line from Grand Central to
                                                Poughkeepsie takes approx. 1 hour 50 minutes. Take taxi to the
                                                Center.


                                                 12
NEW     YORK      TEST     SITES




 Test Sites             Directions
Rego Park              MTA Directions: Take Queens bound 'R/M' train to 63rd Drive-
9525 Queens Blvd       Rego Park station.
11th Floor             *If coming from Queens-ride in the first car of the train
Rego Park, NY 11374    *From Manhattan, ride the last car of the train.
212.566.7055
                       If coming from Manhattan when you exit the station you will be
                       on the south side of Queens Blvd. (Rite Aid should be behind
                       you.) You want to cross Queens Blvd. to the North side of Queens
                       Blvd. (you will see Marshall's, Sears, TD Bank).

                       Continue to walk down Queens Blvd. toward TD Bank, Applebee's
                       (we're right next to Applebee's). You will see the big '95-25' on
                       the Queens Tower building.
Rochester              From I-90 west of Syracuse: Take exit 45 (490 west) to 590
3300 Monroe Avenue     south and exit at 2b (Route 31 west, Pittsford exit). Follow 31
Pittsford Place Mall   west through the town of Pittsford.
Suite 211
Rochester, NY 14618    From I-90 east of Buffalo: Exit 490 east to 390 south to 590 north
                       and exit on Monroe Avenue (Pittsford exit). Stay to the right
585.385.4810
                       (east). The testing center is in the second building on the left.
Utica                  Take Exit 31 toward Utica/ I-790 / Rte 8 /Rte 12. Keep left to
502 Court Street       take Genesse Street South ramp toward Downtown Utica / Rte 5
Utica, NY 13501        S. Keep left to take the Genesee Street ramp. Turn right onto
                       North Genesee Street. Turn right onto Court Street and 502
315.724.7146           Court Street is on the right.

                       From the South:
                       Take Rte 5 E / Rte 8 N / Rte 12 N toward I-90 Thruway/Utica.
                       Turn right onto Court Street and 502 Court Street is on the left.

                       From the East:
                       Take Rte 5 S W. Make U-turn onto Liberty Street/Oriskany
                       Street W / Rte 5 S E.
                       Turn right onto Genesee Street. Turn right onto Court Street
                       and 502 Court Street is on the right.

                       From the West:
                       Take Rte 49 S., merge onto I-790 W / Rte. 5 W toward
                       Downtown Utica.
                       Take the Rte 5 S E ramp toward State Street / Downtown Utica.
                       Keep right to take the State St. ramp.
                       Turn right onto State Street. Take the 3rd right onto Court
                       Street. 502 Court Street is on the right.

Vestal                 I-81 N toward Binghamton
4104 Old Vestal Road   Merge onto PA-309 S
                       Continue onto PA-115 S
Vestal, NY 13850       Take the exit on the left onto I-81 N toward Scranton
607.797.5720           Take exit 4N-S toward Hillcrest
                       Turn left onto Bevier St.
                       Turn left to merge onto NY-7 S.
                       Continue onto NY-363 S/N Shore Dr.
                       Take the New York 434 W ramp to Vestal
                       Follow NY-434 W/Vestal Pkwy E to Plaza Dr. in Vestal
                       Merge onto State St.
                       Continue onto NY-434 W/Vestal Pkwy E.
                       Turn left onto Plaza Dr., center will be located on the right.

                       Building is marked as 200 Plaza Drive Building B. Parking and
                       main entrance door are at the rear of the building.
                        13
PREPARING   FOR   YOUR   EXAM




                     Test Sites                  Directions
                    White Plains               With GPS you will get the address in either City of Purchase, Rye
                    2975 Westchester Ave       or Harrison.
                    Suite 112
                                               Driving Directions: Take Exit 10 off 287 East, follow sign
                    Purchase, NY 10577         towards Port Chester, go under a bridge and turn right unto
                    914-701-4019               Webb Ave.

                                               Take Exit 10 (Bowman Avenue) off 287 West, cross over the
                                               traffic light on the ramp and the building is on your left.

                                               Train Directions: Take Metro North Train (Harlem Line) to White
                                               Plains Station and take Bus 13 (Port Chester) to the junction of
                                               Westchester Avenue and Webb.

                                               Take Metro North Train (New Haven Line) to Port Chester and
                                               take bus 13 (White Plains) to the junction of Westchester
                                               Avenue and Webb.




                                           Preparing for your exam
                    Being well prepared can help you pass your exam and possibly save you money and
                    time spent retaking it. This section offers:
                    • Information about study materials.
                    • An overview of the exam content outlines.

Study materials     The exam content outlines in this bulletin are the basis for the exams.. The content
                    outlines are updated periodically, and outdated study materials may not be
                    consistent with them. Where such discrepancies exist, the outlines take precedence.
                    Make sure your study materials cover the topics in the outlines.

                    The Department does not specify an official study manual, however each approved
                    pre-licensing provider is given a copy of the exam content outlines listed in this
                    bulletin for use in developing a course of study and the materials used in a course.
                    However, because of the number and the diversity of approach, neither the
                    Department nor Prometric lists or recommends study materials or pre-licensing
                    course providers to potential licensees.

                    A list of all approved pre-licensing providers can be obtained from the Department’s
                    website at http://www.dfs.ny.gov or by calling 518.474.6630.

Content             The license exam for each type of license consists of questions that test knowledge
outlines            of topical areas listed in the content outline for that exam. These exam content
                    outlines appear in this bulletin, beginning on Page 24. The content outlines were
overview            developed in cooperation with the Department and an Examination Review
                    Workshop (ERW) consisting of individuals from the New York State insurance
                    industry. The purpose is to identify and classify the level of knowledge that
                    insurance licensees must have to properly serve their clients.

                    Item development staff at Prometric and insurance professionals research the
                    content and write questions. The questions are then submitted to industry
                    professionals in New York State for review and approval. These industry
                    professionals first identify the important areas of knowledge and then confirm that
                    the exam questions appropriately test them. This process ensures that the exams

                                                 14
THE   TESTING     PROCESS




              reflect content that you, as an entry-levellicensee, will need to know to properly
              perform your duties for the insurance-buying public.

              If you prefer, you can view a complete outline specific to your exam on Prometric’s
              website at www.prometric.com/newyork/insurance.




         
              Hint Do not schedule your exam until you are familiar with all subject areas in
              the applicable content outline. Completion of an approved pre-licensing course
              before taking the exam is strongly suggested for successful results.



                                                        Taking your exam
              Knowing what to expect when taking your exam may help you prepare for it. This
              section contains:
              •   An overview of the testing process.
              •   Regulations that will be enforced at the testing center.
              •   Information about the types of questions.
              •   A guide to understanding your exam results.
              •   Information about appeals.
The testing   Your exam will be administered by computer at a Prometric testing center. You do
process       not need any computer experience or typing skill to take your exam. Before you
              start the exam, you will receive a personalized introduction to the testing system.
              You can also take an introductory lesson on the computer.
              Arrival. You should arrive at least 15 minutes before your scheduled exam
              appointment. This allows time for you to sign in and for staff to verify your
              identification.
              Identification requirements. You must present two valid pieces of identification
              before you may test and one piece must:
              • Be government-issued (e.g., driver’s license, state-issued identification card or
                  military identification card);
              • Contain both a current photo and your signature; and
              • Have a name that exactly matches the name used to register for the exam
                  (including designations such as “Jr.” and “III”)
              • Second form must include a signature for verification purposes (e.g., credit card,
                  library card, voters registration card, etc.).


             Important Failure to provide appropriate identification at the time of the exam
              is considered a missed appointment. As a result, you must pay a $40 rescheduling
              fee before making another appointment.

              If you cannot provide the identification listed above, contact Prometric before
              scheduling your appointment to arrange an alternative way to meet this
              requirement.




                                              15
TAKING    YOUR    EXAM




Testing                  To ensure that all candidates are tested under equally favorable conditions, the
regulations              following regulations and procedures will be observed at each testing center. Failure
                         to follow any of these security procedures may result in the disqualification of your
                         examination. Prometric reserves the right to audiotape and videotape any
                         examination session.

          References     • No reference materials, papers or study materials are allowed at the test center. If
                            you are found with these or any other aids, you will not be allowed to continue the
                            exam and your answers will not be scored.

          Calculators    • Calculators are not allowed at the test center.
      Personal items     Prometric is not responsible for items left in the reception area of the testing center.
                         While lockers are provided, it is recommended that personal items not be brought
                         into the testing center. Note the following:
                         • Electronic equipment—cell phones, PDAs, pagers, cameras, tape recorders, etc.—is
                            not permitted in the testing room and must be powered off while stored in a locker.
                         • Pocket items—keys, wallet, etc.—must remain in your pocket or be stored in a
                            locker during testing.
                         • Other personal items—digital watches, outerwear that is not being worn while
                            testing (sweater, jacket, etc.), briefcases, purses, etc.—are not permitted in the
                            testing room.

              Breaks     • If you leave the testing room while an exam is in progress, you must sign out/in on
                            the roster and you will lose exam time.
                         • You are not allowed to use any electronic devices or phones during breaks.
             Visitors    • No guests, visitors or family members are allowed at the testing center.
 Disruptive or illegal   • Candidates who engage in any kind of disruptive, offensive, violent or illegal
            behavior        behavior may be dismissed from the examination. Examples are: using rude or
                            offensive language and/or violent or illegal behavior that delays or interrupts
                            testing.

         Misconduct      • Candidates who engage in any kind of misconduct may be dismissed from the
                            examination. Examples are: giving or receiving help, taking part in any act of
                            impersonation, and removing test materials or notes from the testing room when
                            not authorized to do so. Candidates acting in such a manner are displaying
                            untrustworthy conduct and will be reported to the NYS Dept. of Financial Services.
                            The Department will place you under Administrative review, an investigation will be
                            conducted and you will not be permitted to test again until the Department
                            authorizes you to do so.

            Weapons      • Weapons are not allowed at the testing center.
                         Copyrighted questions. All test questions are the copyrighted property of
                         Prometric Inc., a Delaware corporation. It is forbidden under federal copyright law to
                         copy, reproduce, record, distribute or display Prometric’s test questions by any
                         means, in whole or in part, without our written permission. Doing so may subject
                         you to severe civil and criminal penalties, including up to five years in prison and/or
                         a $250,000 fine for criminal violations.




                                                       16
QUESTION      TYPES




                    If questions arise. Test center administrators are not allowed to answer any
                    questions pertaining to the exam content. If you do not understand a question on
                    the examination, you should answer the question to the best of your ability.

                    If you would like to formally appeal your score, you must follow the process outlined
                    in the “Appeals process” section on Page 19.

Question types      The questions in your licensing exam are multiple choice, providing four options
                    from which to choose your answer.
                    Question formats. Two different multiple-choice formats are used. Each format is
                    shown in the following examples. An asterisk (*) indicates the correct answer.

  Format 1—Direct   Under a Modified Life Insurance Policy, what increases over time?
         question       1.   Policy loan rate
                    *   2.   Premiums
                        3.   Face amount of the policy
                        4.   Grace period

                    Which one of the following is a type of health insurance policy designed to replace
                    the wages of an insured who is unable to work due to an accident or sickness?
                    *   1.   Disability Income Insurance Policy
                        2.   Employer-Sponsored Group Major Medical Policy
                        3.   Hospital Expense Insurance Policy
                        4.   Special Risk Policy

       Format 2—    A guaranteed renewable Disability Income Insurance Policy:
      Incomplete    *   1.   Is renewable at the insured’s option up to a specified age
         sentence
                        2.   Cannot be canceled by the insured before a specified age
                        3.   Has guaranteed level premiums for the life of the policy
                        4.   Is renewable at the insurer’s option without restrictions or conditions

                    Benefits under workers’ compensation insurance are payable:
                        1.   For bodily injury that is accidental or intentional
                    *   2.   Regardless of the liability of the employer
                        3.   Unless safety rules are violated
                        4.   Up to a maximum of 30 percent of weekly wages

                    Experimental questions. Your exam may include up to five extra questions that
                    will not be scored. If present, they are distributed throughout the exam. These are
                    used to gather statistical information on the questions before they are added to the
                    actual exam for your state.

                    These “experimental” questions will not:
                    • Be counted for or against you in your final exam score.
                    • Take any time away from your allotted testing time.




                                                  17
TAKING   YOUR   EXAM




Your exam             At the end of your exam, you will receive a printed score report. The report indicates
results               your overall score and grade, including the numerical percentage of questions
                      answered correctly and whether you have passed or failed.

                      The report also displays the percentage of correct answers in each major section of
                      the exam, as defined by the exam content outline. These section scores are shown
                      to guide you about areas requiring additional preparation for retesting if you do not
                      pass the exam. Even after you pass, you may want to focus on these areas as you
                      begin to provide insurance products and services to the public.

                      Note that the section percentages will not average out to your total percentage
                      score. That is because individual exam outline sections are allocated different
                      numbers of questions on the exam. Your total percentage score is computed by
                      dividing the number of questions you have answered correctly by the total number
                      of questions in the exam. The total score is not computed by adding the section
                      percentages and dividing by the total number of sections.
Sample score report
                                           Sample License Exam Score Report

                                    New York Life Insurance Agent/Broker Examination
                                                            Number of Number        Percent
                                                             Questions   Correct    Correct

                         Life Total Test Score                          100          80       80%
                          Insurance Regulation                           10           8       80%
                          General Insurance                              10           9       90%
                          Life Insurance Basics                          22          17       77%
                          Life Insurance Policies                        16          15       94%
                          Life Insurance Provisions
                             Options, and Riders                         19          14       74%
                          Annuities                                      10           9       90%
                          Federal Tax Considerations for
                             Life Insurance and Annuities                13          10       77%
                          Qualified Plans                                 4           3       75%
                                                             Score: 80%
                                                             Grade: Pass
                                          (A total score of 70 percent is required to pass)



                      Prometric electronically notifies the Department of exam results within two business
                      days of the exam date. Note that exam scores are confidential and will be revealed
                      only to you and to the Department.
                      Duplicate score report. You may call or write to Prometric to request a duplicate
                      score report for a period of two years after your exam. Any questions or comments
                      about your exam should be directed to Prometric.

Candidate             Prometric’s goal is to provide a quality examination and pleasant testing experience
feedback              for every candidate. If you have comments and/or feedback about how Prometric
                      can enhance or improve the candidate testing experience, Prometric would like to
                      hear from you. Prometric provides an opportunity for general comments at the end
                      of the examination and will review all comments and feedback submitted in this
                      manner, but you will not receive a direct response.

                                                         18
APPEALS      PROCESS




Appeals        If you would like to submit an appeal concerning examination content, registration,
process        scheduling or test administration (testing site procedures, equipment, personnel,
               etc.), please submit your appeal letter in writing.

               Your appeal letter must provide your name and Social Security number (or unique
               ID number issued by Prometric), the exam title, the date you tested and the details
               of your concern, including all relevant facts. Be sure to include your signature and
               return address. Mail your appeal letter to:
                                                     Prometric
                                            ATTN: Appeals Committee
                                                7941 Corporate Drive
                                               Nottingham, MD 21236
               The Appeals Committee will review your concern and send you a written response
               within 10 business days of receipt. Faxed appeals will not be accepted because
               an original signature is required.


                                        Obtaining your license
               This section offers information about:
               • Applying for your license.
               • Licensing fees and renewal information.
               • Continuing Education.
Applying for   After passing the licensing exam (if an exam is required), you will need to
your license   submit/process your license application to the Department, along with any other
               required paperwork for the type of license you are seeking. You may obtain license
               application information from the Department’s website at http://www.dfs.ny.gov.



              Important Applications must be received within two years from the date of
               passing the exam. Incomplete applications or applications without the required fee
               will not be accepted or placed on file.

               Non-resident online licensing is also available to first time non-resident applicants
               applying for an individual license through the National Insurance Producer Registry
               (NIPR) website – http://www.licenseregistry.com. If the type of license you are
               seeking is not listed below, contact the Department at 518.474.6630 or via email
               at licensing@dfs.ny.gov for more information.
               Retesting requirements. If you were licensed previously but have not been
               licensed within the two years immediately preceding the application date, you must:
               • Pass the appropriate licensing exam administered by Prometric; and
               • Submit an application and any required documentation noted in the appropriate
                  application sections noted below.




                                            19
OBTAINING   YOUR   LICENSE




                    Agent applicants
                    New York residents desiring to obtain an insurance agent license must submit:
                    • A license application obtained from the Department’s website at
                       http://www.dfs.ny.gov.
                    • A Pre-licensing Education School Certificate or evidence of a professional
                       designation (CLU or CLUA designation for Life, Accident and Health agents; CPCU
                       designation for Property/Casualty agents).
                    • The original passing exam score report (dated within two years prior to applying).
                    • A Company Appointment submitted electronically to the Department. An
                       application may be submitted without an appointment, however, an appointment
                       must be made 15 days from either the date an agency contract is executed with
                       the insurance company or the first insurance application is submitted to the
                       company.
                    • FINRA or SECO certificate of proof of qualification (Variable Annuity applicants
                       only).
                    • The appropriate licensing fee (see Page 21).
                    Broker applicants
                    New York residents desiring an insurance broker license must submit:
                    • A license application obtained from the Department’s website at
                       http://www.dfs.ny.gov.
                    • Pre-licensing Education School Certificate or evidence of a professional designation
                       (CLU, ChFC or MSFS designation for Life, Accident and Health agents; CPCU
                       designation for Property/Casualty agents), or if seeking to waive the pre-licensing
                       education requirement based on experience, a Statement of Employer form
                       obtained from the Department.
                    • The original passing exam score report (dated within two years prior to applying).
                       FINRA or SECO certificate of proof of qualification (Variable Annuity applicants
                       only).
                    • The appropriate licensing fee (see Page 21).


                   Note If you are submitting a Statement of Employer form in lieu of the required
                    pre-licensing education, you may apply online. However, the application will
                    remain pending until Department review and approval of the Statement of
                    Employer.




                                                  20
LICENSE       FEES    AND   RENEWAL     DATES




               Life Settlement Broker applicants
               New York residents seeking a life settlement broker license must submit:
               •   A license application obtained from the Department’s website at
                   www.dfs.ny.gov. This application is available in paper only.
               •   A Pre-licensing Education School Certificate or evidence of a professional
                   designation (CLU or CLUA), or if seeking to waive the pre-licensing education
                   requirement based on experience, a Statement of Employer form obtained from
                   the Department
               •   The original passing examination score report (dates within two years prior to
                   applying).


               •   Electronic fingerprint. Please go to the Department’s website at
                   www.dfs.ny.gov for instructions on how to be fingerprinted electronically.
               •   Copies of the disclosures you intend to use which will be presented to owners
                   and insured’s as part of the settlement, as required under Section 7811 of the
                   New York Insurance Law.

               Adjuster applicants
               New York residents desiring any type of insurance adjuster license must submit:
               • A license application obtained from the Department.
               • A Pre-licensing Education School Certificate or if seeking to waive the pre-licensing
                   education requirement based on experience, a Statement of Employer form
                   obtained from the Department (Public Adjuster Applicants only).
               • The original passing score report (dated within two years prior to applying).
               • Electronic fingerprint. Please go to the Department’s website at www.dfs.ny.gov
                   for instructions on how to be fingerprinted electronically.
               • A $1,000 bond.
               • Five (5) Certificates of Character.
               • The appropriate licensing fee (see Page 21).
License fees   An insurance producer is defined in section 2101(k) as an agent, broker, consultant,
and renewal    reinsurance intermediary, excess line broker or any other person required to be
               licensed to sell, solicit or negotiate insurance.
dates
               All licenses must be renewed every two years. Individual/TBA licenses are issued with
               an expiration date determined by your date of birth.


               • If you were born in an even numbered year, your license shall expire on your
                   birthday in an even numbered year.
               • If you were born in an odd numbered year, your license shall expire on your
                   birthday in an odd numbered year.

               Adjuster and Bail Bond Agent licenses do not have a birth date renewal. These
               licenses expire on December 31 of even-numbered years.




                                              21
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