Insurance Regulation
A licensed producer married and now uses a different legal surname, not an assumed name. What does section 2102(f) require?
Answer and explanation
Answer: B. Section 2102(f) has two limbs: notify the superintendent on changing a legal name, and get prior approval for any name other than an individual licensee's own legal name. A change of legal name triggers the notice limb, not a new licence, a fresh approval, or silence.Source: N.Y. Ins. Law § 2102 — § 2102(f)
More insurance regulation questions
- A producer wants to share part of a commission with an unlicensed friend who introduced the client. What does section 2102(e) say?
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- A temporary licence has been issued after the death of an agent. What may the temporary licensee generally do with the agency's book of business?
- After notice, what is the person charged entitled to do in the hearings process under section 2405?
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