How many questions are on the New York P&C insurance exam?

The exam consists of 150 multiple-choice questions.

How long do I have to complete the NY-PC exam?

You are given 150 minutes to complete the exam.

What score do I need to pass the New York P&C test?

You must achieve a score of 70% to pass. The passing score is set by the New York Department of Financial Services (DFS) and is the same for every candidate taking this exam.

Where can I take the New York Property & Casualty exam?

You can take the exam in-person at a PSI test center or via an online proctored format.

How much does it cost to register for the NY-PC exam?

The exam fee is $40 per attempt.

How many hours should I study for the New York P&C producer exam?

We recommend roughly 60 to 70 hours of total preparation time. Because New York state laws and regulations make up over 27% of the test, significant time should be dedicated to mastering state-specific rules.

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NY-PC · Syllabus & Exam Outline 2026

New York Property & Casualty Insurance License Exam

Exam-aligned study paths covering the national Property & Casualty insurance core plus New York insurance law - New York Department of Financial Services rules, licensing, and state-specific requirements - in retention-first 15-minute topics.

Start studying free see the outline ↓

Questions: 150
Time limit: 150 minutes
Passing score: 70%
Cost: $40 exam fee
Format: Multiple choice
Delivery: In-person at a PSI test center or online proctored
Prep time: ~65 hours

Exam overview

Welcome to the comprehensive syllabus for the New York Property & Casualty Insurance License Exam (NY-PC), administered under the authority of the New York Department of Financial Services (DFS). This guide breaks down the core concepts and state-specific regulations you must master to successfully earn your P&C producer license and begin assisting clients in the state of New York. The curriculum is divided into national core knowledge—covering general property and casualty policy types, insurance terms, and contract law—and New York-specific statutes. Understanding how these distinct areas overlap is crucial for passing the 150-question test and demonstrating your readiness to handle real-world insurance scenarios. To make your preparation as efficient as possible, Only Ever maps every domain to 15-minute study topics. This structured approach helps you absorb heavy regulatory frameworks, complex liability limits, and dense policy provisions piece by piece, ensuring you are fully prepared on test day.

Exam domains & weighting

Each domain's share of the exam — study deepest where the weight is highest. Open one for how to study it and its objectives.

How to study this domain

Focus on distinguishing between the different Homeowners (HO) and Dwelling (DP) forms. Create comparison charts for Commercial Package Policies (CPP) and Business Owners Policies (BOP) to memorize what is and isn't covered under each.

Key objectives

Homeowners Policies (HO-2 through HO-8)
Dwelling Policies (DP-1, DP-2, DP-3)
Commercial Package Policy and Commercial Property Forms
Business Owners Policy (BOP), Builders Risk, and Cyber
Inland Marine Insurance
National Flood Insurance Program
Other Property Policies

Study this domain

Readiness self-check

Tick off everything you can confidently explain. Anything left unchecked is your study list — tap “Review” to jump straight into that domain.

Readiness

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Part A: Property Insurance - Types of Policies

Review

Can I explain the specific coverage differences between an HO-3 and an HO-5 policy?
What types of businesses qualify for a Business Owners Policy (BOP) versus a Commercial Package Policy (CPP)?
How does the National Flood Insurance Program (NFIP) define a flood, and what are its standard waiting periods?

Part A: Property Insurance - Terms and Related Concepts

Review

Can I calculate a claim payout using a standard 80% coinsurance formula?
What is the difference between a direct loss and an indirect loss?
How does actual cash value (ACV) differ from replacement cost?

Part A: Property Insurance - Policy Provisions and Contract Law

Review

Can I list the four essential parts of an insurance contract (DICE)?
What are the specific duties required of an insured individual immediately following a property loss?
How does the Fair Credit Reporting Act (FCRA) protect consumers during the underwriting process?

Part B: Casualty Insurance - Types of Policies, Bonds, and Related Terms

Review

What specific liabilities are covered under Coverage A, B, and C of a Commercial General Liability (CGL) policy?
How do fidelity bonds differ from surety bonds in terms of the parties involved?
What is the purpose of employers liability insurance when a company already has workers compensation?

Part B: Casualty Insurance - Terms and Related Concepts

Review

How does a claims-made policy trigger differ from an occurrence policy trigger?
Can I define vicarious liability and provide a real-world example?
Under what circumstances are punitive damages awarded instead of compensatory damages?

Part B: Casualty Insurance - Policy Provisions

Review

What is the purpose of a subrogation clause in a casualty insurance contract?
How do insurers settle a claim when multiple policies cover the same casualty loss?
What steps must an insured take to provide proper notice of claim in a liability scenario?

Part VII: General Insurance Regulation (Nationally-Uniform Framework)

Review

What constitutes rebating and misrepresentation under New York unfair trade practice laws?
What are the specific continuing education requirements and renewal timelines for a New York producer?
How does the New York Property/Casualty Insurance Security Fund protect policyholders if their insurer becomes insolvent?

Quick reference

Common P&C Acronyms

Essential abbreviations frequently tested on the exam.

CGL: Commercial General LiabilityPrimary commercial liability coverage form.
BOP: Business Owners PolicyBundled property & liability policy for small to medium businesses.
CPP: Commercial Package PolicyHighly customizable commercial policy.
HO: Homeowners PolicyResidential property and liability coverages (e.g., HO-3, HO-5).
DP: Dwelling PolicyResidential property policies typically for non-owner-occupied homes.
NAIC: National Association of Insurance CommissionersStandard-setting regulatory support organization.
NFIP: National Flood Insurance ProgramFederal program providing flood insurance.
FCRA: Fair Credit Reporting ActFederal privacy law protecting consumer credit information.
TRIA: Terrorism Risk Insurance ActFederal backstop for commercial terrorism-related insurance claims.
ACV: Actual Cash ValueLoss valuation calculated as replacement cost minus depreciation.

Key Policy & Contract Terms

Core insurance definitions you must know.

Declarations

The first page of a policy specifying who is insured, what is covered, the limits, and the premium.

Insuring Agreement

The insurance company's core promise to pay for covered perils.

Conditions

The rules and obligations that both the insured and insurer must follow during the policy period.

Exclusions

Perils, hazards, or property that are specifically listed as not covered by the policy.

Subrogation

The legal right of an insurer to step into the shoes of the insured to recover payout costs from an at-fault third party.

Indemnity

The central insurance principle of restoring an insured to their pre-loss financial state without allowing them to profit.

Frequently asked questions

Good to know

The state-specific Insurance Laws and Regulations sections are layered alongside the nationally uniform general knowledge core.
Candidates should expect a standard multiple-choice format with no constructed-response or essay components.

Reading isn’t remembering.

New York Property & Casualty prep blends nationally-uniform insurance concepts with New York-specific law, and most materials muddle the two.

Only Ever teaches the shared national Property & Casualty core once, then layers New York insurance law - regulation, licensing, unfair practices, guaranty protection, and state-specific rules - as focused 15-minute topics.

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