Insurance Regulation
Which circumstance supports the issue of a temporary insurance agent's licence in New York?
Answer and explanation
Answer: A. Section 2109 lists death, entry into military service and total disability as the occasions for a temporary licence, issued to representatives such as an executor, next of kin or surviving firm member. A pending renewal, a move and a new appointment are ordinary events that the section does not cover.Source: N.Y. Ins. Law § 2109 — § 2109
More insurance regulation questions
- How long must an insurer keep the policy record that Regulation 152 requires for examination purposes?
- How many hours of prerequisite coursework does New York require before the life insurance examination?
- How much notice of a hearing must the superintendent give when serving a statement of charges under section 2405?
- On what basis does New York issue a nonresident producer licence under its reciprocity provision?
- On what basis may the New York superintendent refuse a license even where the applicant passed the examination?
- To whom does a licensed producer send a report of a suspected fraudulent insurance transaction under section 405?
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