Insurance Regulation
A nonresident New York licensee moves and the new residence becomes a different home state. What does section 2134 add to the change of address duty?
Answer and explanation
Answer: D. Section 2134 requires the licensee who changes home state to supply certification from the new home state inside the same thirty day window and charges no additional fee for it. A new application with fees, a lapse with re-examination, and a cancellation precondition are not part of the section.Source: N.Y. Ins. Law § 2134 — § 2134
More insurance regulation questions
- A New York licensee is disciplined by the insurance regulator of another state. What must the licensee do?
- A New York producer advises a client, submits her application, delivers the issued policy, and collects the first premium. Which of these acts is the sale under section 2101?
- A person urges a New York resident to apply for a particular kind of insurance from a particular insurer. What is that under section 2101?
- A producer does not repeat a rumour defaming an insurer, but persuades a colleague to spread it. How does section 2604 treat the producer?
- A producer wants to share part of a commission with an unlicensed friend who introduced the client. What does section 2102(e) say?
- A producer's home state licence was cancelled two months ago. Under section 2103(g)(11), may a nonresident New York licence still be issued without examination?
621 New York questions like this one.
Every answer explained, the ones you miss come back on a spaced schedule, and a plan built from your exam date.