New York State Law
Terms in this set (14)
An individual applicant for a NYS insurance agent must be ___ years of age.
All of the following individuals need to be licensed by the NYS Insurance Department, EXCEPT:
A consultant; The CEO of an insurance company; A Broker; An adjuster
The CEO of an insurance company
The Superintendent can order an agent to pay a fine for violating NYS insurance laws of up to an aggregate amount of:
An insurance agent's renewal license is issued for a period of:
Insurance licensees must complete how many CE credits for each biennial renewal?
A nonresident agent's license can be issued by the Superintendent to an individual who:
Has a similar license in his state of residence
A temporary insurance agent's license can be issued for a period of :
One requirement for a person to be eligible to apply for a NYS life, accident and health insurance agent's license is:
Completion of a 40 hour course, or equivalent, approved by the Superintendent.
A licensee must report any administrative action taken in another jurisdiction within:
The Superintendent must serve a licensee with a notice of hearing at least how many days before the hearing?
The Superintendent can suspend, revoke, or non-renew an agent's license if the licensee had:
Demonstrated financial irresponsibility in the conduct of business
Superintendent has all of the following powers and duties, EXCEPT:
Make insurance laws; Issue licenses; Examine the books of domestic insurers every 5 years; Take testimony under oath
Make insurance laws
A certificate of authority is issued by the Superintendent to:
A company that has met the requirements to do business in NY
Unfair claims settlement practice includes which of the following?
Declining to pay a claim; Requiring an insured to provide a proof of loss; Failure to acknowledge a claim promptly; Requiring an investigation of the facts involved in a claim
Failure to acknowledge a claim promptky
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