New York Non-Resident Licensing for Individuals (2023)

New York Non-Resident Licensing for Individuals

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  • Fees shown are state fees only. These fees do not include NIPR transaction fees.

  • All fees are class based.

  • The full fee is to be reduced to a half fee if the license will be issued for a period of one (1) year or less.The filing fee is never reduced to a half fee.The license fee is based off when the application is submitted and when the expiration date is.

  • The expiration date for individuals will be the individual applicant’s date of birth in an odd/even year (based on the applicant’s year of birth).

  • Attention: The state you have selected imposes a retaliatory fee. Please click below to review the fees.

Retaliatory Fees

Life/Accident & Health Agent

  • Fee Disclaimers: See Retaliatory Fee

Property/Casualty Agent

  • Fee Disclaimers: See Retaliatory Fee

Broker

  • Fee Disclaimers: See Retaliatory Fee
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Life Broker

Line of Authority Combination: All Lines without Variable

  • Fee Disclaimers: See Retaliatory Fee

Life Broker

Line of Authority Combination: All Lines with Variable

  • Fee Disclaimers: See Retaliatory Fee

Life/Accident & Health Life Broker

  • Fee Disclaimers: See Retaliatory Fee
  • Please note that license class names can vary by state.

PRODUCER

Life / Accident & Health Agent

  • Life
  • Accident & Health
  • Variable Life / Variable Annuity

Property / Casualty Agent

  • Property
  • Casualty
  • Personal Lines
  • Baggage

BROKER

Broker

  • Property
  • Casualty
  • Personal Lines
  • Baggage

Life Broker

  • Life
  • Accident & Health
  • Variable Life / Variable Annuity
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Life/Accident & Health Life Broker

  • All Lines without Variable

Life/Accident & Health Life Broker

  • All Lines with Variable

OTHER

Excess Line

  • No Line of Authority Required

Applicant Can

  • Submit initial license for individuals electronically.
  • Submit major lines of authority.
  • Submit limited lines of authority.
  • Submit Surplus Lines for individuals.
  • Reinstate/reapply through NIPR's Non-Resident License (NRL) Application.
  • Print licenses electronically

Applicant Cannot

  • Add lines of authority (amend) to an existing active license.

Business Rules

  • Applicant must be at least eighteen (18) years old or older as determined from the applicant's date of birth.

  • The expiration date for individuals will be the individual applicant’s date of birth in an odd/even year (based on the applicant’s year of birth).

  • New York requires applicant’s residence or business address to match the resident state in order to apply. If at least one of the address codes does not match the resident state then the transaction will not be allowed.

  • In New York there are two (2) different types of Broker, Property/Casualty Broker and Life Broker.
    • A Property/Casualty Broker would be authorized to write all lines of insurance except Life and Variable Annuities.
    • A Life Broker could be authorized to write life and/or accident/health and or variable annuities. The Lines of Authority (LOAs) are determined by the qualifications.
  • The Property/Casualty Lines of Authority on a Broker license are - Property, Casualty, Personal Lines and Baggage. However, Section 2104 (B) of the New York Insurance Law states that a Broker with the Property and Casualty Lines of Authority (LOAs) is authorized to write any and every Line of Authority except Life insurance and Variable Life and Variable Annuity Products.

  • Individuals License classes below with the status reason of Expired can reapply through Non Resident License application.
    • Broker
    • Life Broker
    • Life/Accident & Health Agent
    • Property/Casualty Agent
    • Excess Lines
  • Individual applicants reapplying for a license they previously held in New York and has been inactive for less than 2 years and is not CE compliant will be charged a CE fee of $10.00 in addition to the licensing fees.

  • Individual applicants who are reapplying for the same license they previously license in New York will need to reapply directly with New York athttps://www.dfs.ny.gov/apps_and_licensing/agents_and_brokers/relicensing_application.
  • In New York State, an Agent is a Producer who represents one (1) or more insurers and sells insurance to the public on behalf of that insurer(s). In order for the agent to sell insurance, an insurer(s) must have appointed the agent.

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  • In New York State, a Broker is a Producer who represents the public and will do business with any New York licensed insurer which will do business with a Broker. Brokers are not required to have an insurer appointment on file.

  • Applicant applying for Excess Lines must hold an active Broker license with Property and Casualty.

  • Excess Line applicants that are a resident of California must obtain a $50,000 Bond in New York to before a license is issued.

  • With the exception of 'other' lines, applicant must have an equivalent active resident license when applying for a non-resident license.

  • Applicants for the Variable Life / Variable Annuity Line of Authority must supplyFINRACRD number on application.

  • If applicant responds "yes" to one of the background questions please submit supporting documents electronically viaNIPR's Attachments Warehouse. The documents may also be submitted to thestatevia mail, email, or fax.

  • As soon as the license is issued, the applicant will be able to print electronically by accessing the Department'swebsite. Use theProducer Searchto determine if the license has been issued and the license number to print the license.

  • When attempting to access licensing applications, please include the alpha characters ('LA-','PC-','BR-' etc) in front of the New York license number.

  • Cybersecurity Regulation:
    • New York Department of Financial Services licensees are required to comply with Cybersecurity Regulation (23 NYCRR Part 500), which requires the establishment of a cybersecurity program to protect non-public information and has filing requirements that must be met. A copy of the regulation, FAQs, and more information about cybersecurity can be found on theDFS Website. Failure to implement a cybersecurity program and comply with the regulation could result in serious harm to your institution and may subject you to disciplinary action.

Contact Information

Mailing Address

New York Department of Financial Services
One State Street
New York, NY 10004-1511
United States

Phone: (800) 342-3736
Email: licensing@dfs.ny.gov

Go to State Website

Frequently Asked Questions

  • The licensee must submit a letter in writing requesting cancellation of the license(s); the license(s) must be returned with the request. If the license is not in the licensee's possession, the licensee must clearly state this in the letter. You can obtain a letter of clearance fromLetters of Clearance
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Online printing information can be found by going toNIPR's license print pageand selecting the state.

  • PSI
  • (800)733-9267
  • 2 years
  • You must submit documentation to our Department to verify the name change, along with your original license.
  • You must submit documentation to our Department to verify the name change, along with your original license. NAME CHANGES FOR ENTITIES MUST INCLUDE AMENDED FILING RECEIPTS OR BUSINESS CERTIFICATES AND THE RETURN OF ALL LICENSES IN THE PREVIOUS NAME.
  • DRLP can be added at time of renewal. Outside of renewal, a supplemental application must be completed and submitted. Supplemental applications and instructions can be found on the Department's website at:
  • Licensing Application Forms and Class Information
  • To report a change in an officer or directors of a licensed entity, a letter must be submitted providing a list of all changes. If a new sublicensee is being added, a supplemental application must be completed and submitted. Supplemental applications and instructions can be found on the Department's website at
  • Licensing Application Forms and Class Information
(Video) Non-Resident License
  • If you are currently licensed in both states, you can change your address on our website and select New York as your home state.
  • To access the Online Producer Services applications, please select this link:https://myportal.dfs.ny.gov/nylinxext/, OR submit an address change form along with a written statement to switch the home state to New York.

FAQs

How hard is the NYS insurance license exam? ›

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 do I pass NYS insurance exam? ›

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.

What's the requirement for a nonresident agent license applicant quizlet? ›

They must pass an examination and can request a nonresident license in any other state. A nonresident applicant must submit an application and pay the required fees. A temporary license will not be issued to an individual who cannot qualify based on the licensing requirements.

Is New York a reciprocal state for insurance license? ›

For example, New York doesn't offer reciprocal licenses to licensed adjusters from any other state. However, there are plenty of states that will offer licensed New York adjusters a reciprocal license.

What is the hardest insurance exam? ›

Each insurance licensing exam presents its own challenge. Between Life and Health, students say that the Health insurance exam is the more difficult. Health insurance policies are simply more complicated than life insurance policies. The Property insurance exam is easier than the Casualty insurance exam.

How much do insurance agents make? ›

Insurance Sales Agents made a median salary of $49,840 in 2021. The best-paid 25% made $78,840 that year, while the lowest-paid 25% made $38,210. How Much Do Insurance Sales Agents Make in Your City?

How hard is the fundamentals of insurance exam? ›

The hardest part of the exam is reading the questions. They like to use a lot of double negatives and tricky words to confuse you. They might include facts in there that seem relevant but aren't. The multiple choice options will be tricky as well.

How many times can you take the certificate exam on Examfx? ›

Number of Attempts

The Guarantee Exam is limited to two attempts per line of authority and cannot be reset or overridden.

How do I prepare for an insurance medical exam? ›

How to prepare for a life insurance medical exam
  1. Eat healthy. During the life insurance physical, the examiner will take a blood sample for testing and he or she will check your blood pressure and pulse. ...
  2. Drink water. ...
  3. Consider fasting. ...
  4. Skip the gym. ...
  5. Get a good night's sleep. ...
  6. Wear lightweight clothing.

Who is considered a nonresident agent quizlet? ›

Who is considered a non resident agent? An agent who resides in another state, but is licensed to write insurance in this state.

What are the requirements for an individual to apply for a real estate agent or business agent Licence in WA? ›

be at least 18 years old; be a person of good character and repute and a fit and proper person to hold a licence (see below); have access to sufficient assets and financial resources enabling them to comply with all the requirements of the Real Estate and Business Agents Act 1978; and.

What are the two types of real estate persons that need to be licensed in NYS to sell real property? ›

A New York real estate agent (known as a “salesperson”), for example, is authorized to handle real estate transactions but must work under a licensed broker. 2 On the other hand, a broker is able to own their own company and hire other agents to work for them. Agent license requirements: Must be at least 18 years old.

Can I have out of state insurance in NY? ›

Is out-of-state insurance acceptable for a vehicle registered in New York? No. If your vehicle is registered in New York State, you must have New York insurance coverage.

What state has reciprocity with New York? ›

Many district courts require an attorney to be admitted to practice before the state courts of the state in which the federal court sits. NEW YORK: Has reciprocity with the following states: AK, CO, DC, GA, IL, IN, IA, KY, MA, MI, MN, MO, NE, NH, NC, ND, OH, OK, PA, TN, TX, UT, VA, WA, WV, WI, WY.

Do most insurance agents fail? ›

Once you earn your license as an insurance agent, you immediately want to get out there and begin making money. Yet, statistics show though that many new agents don't make it very far. For instance, over 90% of new life insurance agents quit within year one. Many more depart within five years.

What is the passing score for IC exam? ›

4.6 A grade of 70% shall be necessary to pass the examination.

Is being in insurance hard? ›

It's competitive, requires long hours, and takes hard work to succeed. The payoff, however, can be significant. After all, everyone from renters to homeowners to business owners to drivers needs insurance. More than half the U.S. population has health insurance and life insurance.

What is the most profitable insurance to sell? ›

While there are many kinds of insurance (ranging from auto insurance to health insurance), the most lucrative career in the insurance field is for those selling life insurance.

Can you make a living as an insurance agent? ›

High earning potential

Since many insurance sales agents earn an income based on commission, the earning potential is substantial. Your potential for earning depends on your work ethic and willingness to put yourself out there to build relationships and sell insurance products to clients.

Why do insurance agents make so much money? ›

The primary way that an insurance broker makes money is from commissions and fees earned on sold policies. These commissions are typically a percentage of the policy's total annual premium. An insurance premium is the amount of money that an individual or business pays for an insurance policy.

What is the easiest Cpcu exam? ›

CPCU® 557 – The CPCU® 557 is widely considered one of the easiest of the CPCU® exams. The pass rate is typically around 80% or higher. This means, out of everyone that attempts the CPCU® 557 exam, 80% pass. CPCU® 553 – The CPCU® 553 exam is the easiest of the commercial insurance exams.

How many questions is Examfx exam? ›

Frequently Asked Questions

SIE will consist of 75 scored questions (+ 10 pretest). Time limit is 105 minutes.

What is fundamental insurance? ›

General insurance, also known as non-life insurance, comprises of motor insurance, health insurance, home insurance, shop insurance, marine insurance, travel and every other form of insurance. It is defined as any insurance which is not deemed to be life insurance.

How long should you study for a certification exam? ›

We recommend a minimum of three months for exam study and preparation.

How can I pass my certification exam? ›

Consider these test-taking strategies:
  1. Prepare in advance. Avoid cramming. ...
  2. Make a study schedule. ...
  3. Be selective about what you study. ...
  4. Quiz yourself periodically. ...
  5. Create a study group. ...
  6. Read each item carefully. ...
  7. Attempt to answer every item. ...
  8. Skip questions if you need to.

What is the guarantee exam on ExamFX? ›

ExamFX is so confident in our training program that we guarantee users who successfully complete the Guarantee Exam will pass their licensing exam on their first attempt! If you do not pass your licensing exam within three days after scoring 80% or higher on the Guarantee Exam, we will refund the cost of your course.

What do insurance companies look for in urine test? ›

Your blood and urine samples will be tested for prescription drug use, tobacco use and whether you have any diseases.

Does high cholesterol affect life insurance? ›

If you have high cholesterol, you will still be able to get life insurance coverage but may have to pay higher rates. How much you'll pay will depend on the severity of your condition. In rare cases, high cholesterol combined with other health complications, like heart disease, may lead to an application decline.

Is NYS broker exam hard? ›

The passing rate for the New York Real Estate Salesperson Exam is 70%. This test is purposefully difficult, but not impossible. Be sure to pay attention during your pre-license course and take studying seriously. If you put the proper effort forth, we know that you can pass on your first attempt!

How to pass a life insurance exam? ›

Seven Tips to Pass Your Life Insurance Medical Exam
  1. Schedule Your Life Insurance Medical Exam in the Morning. ...
  2. Don't Drink Coffee or Smoke Beforehand. ...
  3. Avoid Salts and Fatty Foods. ...
  4. Drink Lots of Water. ...
  5. Avoid Working Out. ...
  6. Get a Good Night's Sleep. ...
  7. Have Important Documentation Ready.

How many times can you take the NYS broker exam? ›

You can take the NY state licensing exam as many times as needed until you pass. You simply have to schedule a new attempt through your eAccessNY account and pay the $15 examination fee.

How long should I study for the NYS real estate exam? ›

Full-Time Study - Approximately 2 Weeks

If you're willing to dedicate 40 hours a week to your real estate education, you can knock out your 77 hours in just two weeks. Make sure you leave time to study, though — you do need to be able to pass both the course final exam and the state exam.

How many questions is the NYS broker exam? ›

What to Expect On Your NY Real Estate Exam. The exam consists of 75 multiple-choice questions based on the 75-hour pre-licensing curriculum. You have 1 1/2 hours to complete the test and need to answer 70% of the questions correctly to pass.

How many questions are on the IC RC exam? ›

Questions: Each exam involves 150 questions that contribute to the score that will ultimately determine passing or failing of the exam. You will also find 25 questions that will not count toward your final score.

How do I register for the IC&RC exam? ›

Registering For An Exam

To register for an IC&RC examination, please contact the IC&RC Member Board in your jurisdiction. The contact information for all IC&RC Member Boards can be found in our Member Board Directory.

What is exam IC? ›

Insurance Agents Exam – IC 38 is the first and fundamental step towards becoming an IRDAI Agent/Insurance Advisor. Before recruiting, the IRDAI ( Insurance Regulatory and Development Authority of India, Insurance Institute of India) conducts this certification exam.

How much life insurance can I get without an exam? ›

How Much Life Insurance Can I Get With No Medical Exam? If you qualify for no medical exam life insurance, you can get coverage up to $2 million.

Can you get life insurance without an exam? ›

Many companies today offer no-exam life insurance as a fast and noninvasive way to get the protection you need. Like most things in life, though, there can be benefits and limits that you need to consider before choosing a product.

How many questions are on the life insurance final exam? ›

For all other license examination concerns, please call the CDI's Producer Licensing Bureau's Examination Section at (916) 492-3570.
...
Examinations: Time Limit and Number of Questions.
Examination TypeTime AllowedNumber of Questions
Life1.5 hours75
Life - Spanish1.5 hours75
Accident & Health or Sickness1.5 hours75
14 more rows

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