Insurance Regulation
What does New York's definition of negotiate cover?
Answer and explanation
Answer: B. Section 2101(m) defines negotiate as the act of conferring directly with, or offering advice directly to, a purchaser or prospective purchaser of a particular contract of insurance. Premium setting is the insurer's, and filing an application or agreeing terms are separate acts from the conferring the definition names.Source: N.Y. Ins. Law § 2101 — 2101(m), Negotiate
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621 New York questions like this one.
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