how many hours are in the ny stare insurance licenseing course

What are the pre-licensing requirements for NYS insurance law?

NYS Insurance Law requires an individual who is seeking an agent, broker or public adjuster license to complete a pre-licensing course approved by the Superintendent of Insurance. Pre-licensing Minimum Hour Requirements. Life, Accident and Health Agent - 40 hours; Life Agent - only 20 hours; Accident and Health Agent - only 20 hours; Personal Lines Agent - 40 hours; …

How long does it take to get an insurance license in NY?

Property & Casualty Insurance Licensing Candidates must complete 96 hours of pre-licensing before they can sit for the state exam 90 hours must be completed in a classroom setting (online pre-licensing is not available in New York) Adjuster Licensing

How do I get a health insurance license in NYS?

Jan 04, 2022 · This means that if you wish to get a Property and Casualty license, you must take ninety (90) hours of pre-licensing, and for Life, Accident, and Health you must also take forty (40) hours. You will receive a certificate upon completion of the course. Keep this certificate, as you will need it when taking your exam. Recommended Course

What is on the New York State life insurance license exam?

All licensees (producers, brokers, consultants, adjuster) must complete 15 hours of CE credit every 2 years in the line in which the license is held. Of the 15 credit hours of instruction that a licensee is required, they shall complete the courses/programs/seminars that provide: at least 1 hour of Insurance Law;

How long is the insurance license period in New York?

Two years. Learn more here: New York Insurance License Renewal

How long does it take to get an insurance license in New York?

2-8 weeks. The bulk of the time is spent studying for your New York insurance exam. Some people study for as little as one week and feel comfortabl...

How much does the New York insurance license cost?

The total cost for your insurance course, application, and exam will be about $375. If you don’t pass the exam the first time, add $33 for each sub...

How do I get a life insurance license in New York?

Follow the steps above. The licensing process is the same for all insurance agent and producer licenses.

How do I get a property and casualty license in New York?

Follow the steps above. The licensing process is the same for all insurance agent and producer licenses.

How many hours do you need to take a pre-licensing course?

Pre-licensing can be done via a webinar or online course. Property & Casualty Insurance Licensing. Candidates must complete 96 hours of pre-licensing before they can sit for the state exam.

How old do you have to be to get a life insurance license?

General Requirements. Be at least 18 years old. Never have committed a felony or any crime involving fraudulent or dishonest practices. Life & Health Insurance Licensing. Candidates must complete 20 hours of pre-licensing for a single line of authority or 40 hours for both lines.

What is L&H insurance?

A Life And Health (L&H) Insurance Agent (in some states, also known as "Life, Health, And Accident) sells Life, Disability, Long Term Care, Medicare, and other policies to groups and individuals.

What does a home inspector do?

They might inspect a home, a business, or a vehicle, then analyze the situation, talk to witnesses, do research and otherwise investigate to make sure the claim is legitimate and the claimant gets a settlement that is fair based on the parameters of their policy.

How long does it take to get an insurance license in New York?

If you have more than one line of authority that you have passed the exam for, be sure to apply for all of those lines. You must wait 48 hours after passing the exam to apply for your license.

How to become an insurance agent in New York?

Once you’ve passed your exams and completed the licensing application, you are now a licensed insurance agent in New York. A common question we hear is, “I have my insurance license, now what?” Here are a few things you can do or need to know: 1 Get a job in the insurance field. Check out StateRequirement’s Insurance Jobs board. 2 If you’re going to sell advanced life insurance products, you’ll need to have the proper securities licenses. Series 6 , Series 7, and Series 63 are the most common among insurance agents, but you’ll need to begin with the SIE (Securities Industry Essentials) exam. Find out which licenses you need with our Securities Licensing Guide. 3 Every two years, you’ll need to renew your insurance license. Check out our guides on New York Insurance License Renewal and New York Insurance Continuing Education for more details.

How long is the Property and Casualty exam?

The Property and Casualty exam is One hundred fifty (150) questions long, and you have two hours and thirty minutes (2:30) to complete the test. Here is a copy of the Property and Casualty Test Outline, provided by PSI. You must score 70% or higher on each of these tests to pass.

Is it hard to get an insurance license?

Insurance license tests are intentionally difficult, but not impossible by any means. You should study to the point of comfortability with the information before you attempt the test. Failing the exam isn’t the end of the world, but keep in mind that you will need to pay the fee each time you attempt the test.

How many hours of training do you need to sell flood insurance?

This state has issued a notice reminding licensees who sell flood insurance of their requirement to comply with the minimum 3 hours of training requirements established by FEMA and the National Flood Insurance Program.

How often do you have to renew your license?

License renewals must be completed every 2 years. If you were born in an even numbered year, your license will expire on your birthday in an even numbered year. If you were born in an odd numbered year, your license will expire on your birthday in an odd numbered year.

What is regulation 187?

Regulation 187 (Part 224 of Title 11 of the Official Compilation of the State of New York) requires insurers to set forth standards and procedures for recommendations to consumers so that the insurance needs and financial objectives of consumers are appropriately addressed. New York has recently modified Regulation 187 to include two main changes: 1) they have added a “best interests” component to the rule, which raises the standard on how producers recommend annuities to customers and, 2) they have expanded the regulation to include Life Insurance products. This is resulting in the need for additional training in New York.

When does the suitability and best interests requirement go into effect?

The Life Insurance suitability and best interests requirements go into effect February 1, 2020. Producers recommending a life insurance policy to a New York consumer must be trained by this date on the new provisions in Regulation 187 related to life insurance suitability and best interests.

What is the final exam score for CE?

Course materials are not available while the exam is in progress. The final exam must be passed with a score of 70% or higher to receive CE credit. If the exam is not passed on the first attempt, students have an unlimited number of retakes.

How to sell insurance in New York?

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.

What is the major line exam?

Each major line exam is given in a multiple-choice format. The exam consists of two parts: The general section deals with basic insurance product knowledge. The state section deals with insurance laws, rules, and regulations, and practices that are unique to New York.

What is the passing score for the SAT?

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.

What is PSI in New York?

PSI, in cooperation with the New York State Department of Financial Services, will be consistently evaluating the examinations being administered to ensure that the examinations accurately measure competency in the required knowledge areas.

How early should I arrive for a CAT exam?

On the day of the examination, you should arrive at least 30 minutes before your appointment. This extra time is for sign-in, identification, and familiarizing yourself with the examination process. If you arrive late, you may not be admitted to the examination site and you will forfeit your examination registration fee.

How much do I need to pass the SAT?

Your score will be given to you immediately following completion of the examination. In order to pass the examination, you must achieve a minimum score of 70%. Your results will be given to you immediately following completion of the examination.

What is NPN number?

You will be assigned an NPN. This unique identifier is assigned through the licensing application process and is used to track individuals and business entities on a national basis. The NPN is used by many states to replace a producer license number.

Course and or Provider Search

To satisfy the CE requirement you must take an approved course offered by a NY approved Provider Organization (Provider).

Contact Us

If you need additional assistance, email the Education Unit at [email protected] or call (800) 342-3736 (Monday through Friday, 8:30 AM to 4:30 PM). Local calls can be made to (212) 480-6400 or (518) 474-6600.

How to schedule a PSI exam?

The fastest way to schedule your exam is to do so online at PSI. You can also schedule your exam over the phone at (800) 733-9267.Your exam may be taken at a physical PSI examination center or via a remote online proctored exam.

How to get a certificate of completion?

To earn your certificate of completion, you must: Complete all Study by Topic reading chapters and Study by Topic quizzes. Study by Topic quizzes must be passed with a score of 70% or better. Complete and pass the simulated exam with a score of 70% or better. After completing the Study by Topic reading and quizzes along with the simulated exam, ...

Making Exam Reservations

• Licensing exams are provided by PSI. Candidates have the option to register to take their exam onlineor at a physical location. Exam fees 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: 1. Online: www.psiexams.com 2. Phone: (855) 579-4637 3. Fax completed R…

See more on adbanker.com

What to Bring

Exam Procedures

Exam Format