Life Insurance Basics
Which New York section governs advertising by an insurance producer?
Answer and explanation
Answer: C. Section 2122 governs advertising by agents and brokers. Section 2123 covers misrepresentation and replacement, section 2324 covers rebating and discrimination, and section 3209 covers life insurance disclosure.Source: PSI — New York DFS Insurance Candidate Information Bulletin — § 2122, Advertising by producers
More life insurance basics questions
- An estate consists chiefly of illiquid farmland facing settlement costs. Why is life insurance suited to conserving it?
- An estate consists largely of a family business and will face costs at death. How does life insurance serve estate conservation?
- An illustration shows a bonus credited in the twentieth policy year. When is that permitted?
- An insurer mails a policy to its producer for unconditional delivery to the owner. What is the significance of that?
- An owner paying annually dies four months into the policy year. What happens to the unearned part of that premium?
- An underwriter wants records from the applicant's doctor. What must be in place first?
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.