Insurance Regulation
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?
Answer and explanation
Answer: B. Section 2103(g)(11) reaches an applicant who is currently licensed in the other state or who applies within ninety days of the prior licence's cancellation, provided good standing is certified. Two months falls inside that window, so the thirty-day and one-year figures and the currently-in-force reading are wrong.Source: N.Y. Ins. Law § 2103 — § 2103(g)(11)
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