New York Property & Casualty Insurance License Practice Exam
150 practice questions covering national property & casualty concepts and New York-specific regulations.
About the New York Property & Casualty Insurance Exam
The New York Property and Casualty insurance producer exam is required by the New York Department of Financial Services (DFS) before selling homeowners, auto, commercial property, or liability insurance in New York. New York has a mandatory no-fault auto insurance system, a state-administered workers' compensation insurer (NYSIF), and strict regulations around policy cancellation and nonrenewal that differ significantly from other states.
The exam contains 150 questions with a 2.5-hour time limit and a 70% passing score — you need 105 correct answers. Administered by PSI on behalf of the NY DFS, it tests both national P&C insurance concepts and New York-specific provisions under the New York Insurance Law. Before sitting, you must complete 40 hours of DFS-approved pre-license education.
New York P&C Insurance Exam Topic Breakdown
| Section | Approx. Weight | Key Topics |
|---|---|---|
| Property Insurance | ~28% | Homeowners (HO forms), fire, dwelling, inland marine, flood exclusion |
| Casualty/Liability Insurance | ~22% | General liability, umbrella, workers' comp, professional liability |
| Personal Auto | ~20% | NY no-fault PIP, NY minimum limits, MVAIC, uninsured motorist |
| New York Insurance Law | ~20% | NY DFS authority, cancellation/nonrenewal rules, NYSIF, producer duties |
| Commercial Lines | ~10% | BOP, commercial auto, commercial property, surplus lines |
Sample New York P&C Insurance Exam Questions
1. New York's no-fault auto insurance system requires a minimum of how much Personal Injury Protection (PIP) coverage?
2. Under New York Insurance Law, an insurer who wishes to cancel a personal auto insurance policy that has been in force for more than 60 days may do so only if:
3. The New York State Insurance Fund (NYSIF) is best described as:
Study Tips for the New York P&C Insurance Exam
New York's no-fault auto system is distinct — the $50,000 minimum PIP requirement is far higher than most states, and the serious injury threshold for suing is specifically defined in New York Insurance Law. Know what PIP covers (medical, lost wages, other economic loss), what the serious injury threshold includes (significant disfigurement, fracture, permanent limitation, etc.), and how uninsured motorist coverage works in New York's no-fault framework.
The New York State Insurance Fund (NYSIF) and New York's workers' compensation system are heavily tested New York-specific topics. Know NYSIF's role as a competitive state fund (not a residual market insurer in the traditional sense), who is required to carry workers' comp in New York, and New York's Disability Benefits Law (DBL) requirements. New York's strict cancellation and nonrenewal rules — including notice periods and permissible grounds — are tested on virtually every NY P&C exam.
The national exam content is covered in our national P&C practice exam. Getting both lines? See the New York Life & Health exam, and use the insurance license study guide for a full prep plan. Also licensed in real estate? See the New York real estate exam.
Frequently Asked Questions — New York P&C Insurance Exam
How many questions are on the New York P&C insurance exam?
The New York P&C exam contains 150 questions with a 2.5-hour time limit. The passing score is 70%, meaning you need at least 105 correct answers. Administered by PSI on behalf of the New York Department of Financial Services.
What is New York's no-fault auto insurance requirement?
New York requires a minimum of $50,000 in Personal Injury Protection (PIP) per person — among the highest in the country. PIP covers medical expenses, lost wages, and other economic losses regardless of who caused the accident. To recover non-economic damages (pain and suffering), the injured party must meet New York's serious injury threshold.
What is the NYSIF?
The New York State Insurance Fund is a state-operated insurer that provides workers' compensation and disability benefits coverage. It competes with private insurers and must accept any eligible employer — serving as an insurer of last resort for workers' compensation. It is self-supporting and funded by premiums, not taxpayer dollars.
What are New York's cancellation rules for personal auto insurance?
After a personal auto policy has been in force for 60 days in New York, mid-term cancellation is limited to: nonpayment of premium, material misrepresentation in obtaining the policy, or suspension/revocation of the driver's license. Insurers must provide: 15 days notice for nonpayment, 15 days notice for other valid reasons (first 60 days), and appropriate notice for nonrenewal.
What is the New York Disability Benefits Law (DBL)?
New York's DBL requires most private employers in New York to provide short-term disability benefits to employees who are unable to work due to non-occupational illness or injury. DBL benefits are: 50% of average weekly wages up to a maximum of $170/week for up to 26 weeks. Employers can purchase DBL coverage through a private insurer or NYSIF. DBL is separate from workers' compensation (which covers occupational injuries).
What is the MVAIC and when does it apply?
The Motor Vehicle Accident Indemnification Corporation (MVAIC) provides compensation to innocent accident victims who are injured by uninsured, unidentified (hit-and-run), or stolen vehicles in New York. MVAIC operates as a fund of last resort when other insurance coverage is unavailable. To collect from MVAIC, the victim must first exhaust all other available insurance remedies.
What pre-license education is required in New York for P&C insurance?
New York requires 40 hours of DFS-approved pre-license education for the Property and Casualty exam. The curriculum covers property and casualty insurance principles and New York insurance law. Courses can be completed online through DFS-approved providers.