PassSprint
State RegulationsNY specificDifficulty 3/5

A New York agent writes a growing share of policies on her own business ventures and family members. Under N.Y. Ins. Law §2103(i), the license may be revoked if net commissions from the licensee's own affairs exceed what portion of total commissions in any twelve-month period?

Select an option to reveal the answer and the full 3-part explanation — free, no signup.

Answer & full 3-part explanation (select an option above, or peek)

Why C is correct

Under N.Y. Ins. Law §2103(i), if net commissions from controlled business - the licensee's own affairs - exceed 10% of total commissions in any twelve-month period (measured in the year before or after licensing), the license may be revoked. Writing some controlled business is lawful; it is the excess above the threshold that becomes a disciplinary problem.

Why the other options are wrong

  • A) 5% is too strict; the statute tolerates controlled business up to 10% before revocation exposure arises.
  • B) 25% would allow far more controlled business than the statute permits; the threshold is 10%.
  • D) 50% is well past the statutory threshold; exceeding 10% in any twelve-month period already risks revocation.

Memory hook

Own affairs over 10% in twelve months = license on the line.

Keep studying

Related Practice Questions

Your study shortcut

Install PassSprint

Add PassSprint to your Home Screen and open it like an app whenever you're ready to practice.

  1. Open this website in Chrome.
  2. Tap the three-dot menu (⋮) at the top right.
  3. Choose Install app or Add to Home screen → Install, then confirm.

Once added, tap the PassSprint icon on your Home Screen to get started.

Can't find the install option?

If you opened this link inside another app, copy it and open it in Chrome. Menu names can vary by browser.