Insurance Regulation
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?
Answer and explanation
Answer: B. Section 2101(o) defines solicit as attempting to sell insurance or asking or urging a person to apply for a particular kind of insurance from a particular licensed insurer. Negotiation under (m) is conferring or advising about a particular contract, a sale under (n) is the exchange of a contract for money, and an appointment is the insurer's filing under 2112.Source: N.Y. Ins. Law § 2101 — 2101(o), Solicit
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