New York State Life Insurance Exam Questions Practice Question
Who of the following is REQUIRED to be licensed as an insurance producer?
Correct Answer: D
Rationale: Individuals selling policies for commission must be licensed as insurance producers to ensure they meet regulatory standards and are knowledgeable about the products they sell. This protects consumers and maintains industry integrity.
Option A, an underwriter, assesses risks and does not engage in direct sales, thus does not require a producer license. Option B, an officer or director of a licensed insurer, oversees operations but typically does not sell insurance directly, so licensing is not necessary. Option C, an administrator of a group plan, manages the plan rather than selling policies, which also exempts them from licensing requirements.
Unlock All Questions
Subscribe to Premium for full access to all practice questions, detailed rationales, and performance tracking.
Subscribe Now