Insurance Regulation
What is a producer's home state under New York law?
Answer and explanation
Answer: D. Section 2101(l) defines home state as the District of Columbia or any state or territory of the United States in which an insurance producer maintains a principal place of residence or principal place of business. Order of licensure, premium volume, and the insurer's domicile do not decide it.Source: N.Y. Ins. Law § 2101 — 2101(l), Home state
More insurance regulation questions
- By what date must an insurer file the annual statement of condition on which section 307 solvency oversight rests?
- Does New York ever issue a producer license without a written examination?
- For how long is a business entity producer licence in New York renewed once it is in force?
- For how long must a licensee keep the memorandum recording compensation under section 2119?
- How do individual producer licenses expire in New York?
- How does New York distinguish an independent adjuster from a public adjuster?
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.