Insurance Regulation
What is the general prohibition in section 2117 concerning unauthorized insurers?
Answer and explanation
Answer: A. Section 2117 bars a person, firm, association or corporation from acting in this state as agent for an insurer or health maintenance organization that is not licensed or authorized to do business here. Holding a policy, advertising with a disclaimer and employment generally are not how the prohibition is framed.Source: N.Y. Ins. Law § 2117 — § 2117(a)
More insurance regulation questions
- A temporary licence has been issued after the death of an agent. What may the temporary licensee generally do with the agency's book of business?
- After notice, what is the person charged entitled to do in the hearings process under section 2405?
- Against what does New York measure its controlled business limit?
- An agent's brochure falsely advertises a line the insurer is not authorized to write in New York. Who may be answerable under section 2603?
- An insured asks a public adjuster whether the policy's exclusion is enforceable. What does section 2108 permit the adjuster to do?
- An insurer ignores the superintendent's request for information made during an investigation under section 2404. What follows?
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.