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XCEL - NY Life, Accident, & Health Laws 2024/2025 already graded A+ $9.99   Add to cart

Exam (elaborations)

XCEL - NY Life, Accident, & Health Laws 2024/2025 already graded A+

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  • Course
  • Accident And Health Insurance Agent
  • Institution
  • Accident And Health Insurance Agent

XCEL - NY Life, Accident, & Health Laws 2024/2025 already graded A+

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  • January 3, 2024
  • 3
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers
  • agent ansan
  • Accident And Health Insurance Agent
  • Accident And Health Insurance Agent
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Ashley96
XCEL - NY Life, Accident, & Health Laws

Superintendent of Insurance - ANSThe head of the Department of Insurance.

Appointed by the Governor for a 4-year term.

Examination of Records - ANSThe Superintendent may conduct a financial examination of any
insurance company as often as deemed appropriate.

6 years - ANSHow long must an insurer must maintain required records for?

Cease and Desist Order - ANSA person who is charged with engaging in an unfair method of
competition or committing an unfair or deceptive act or practice is entitled to a heating before
the Superintendent.

10 Days - ANSThe person must be notified of the time and place of the hearing at least ___
days in advance.

Hearings - ANSThe Superintendent can administer oaths, examine witnesses, and receive
evidence during a ________. A written or oral report must be made to the Superintendent
stating the findings.

120 Days - ANSIf the Superintendent determines that a civil penalty should be imposed, he or
she may enforce the judgement without a court proceeding within ___ days.

Adjuster - ANSAny individual who, for a fee, investigates and settles a claim arising from an
insurance contract on behalf of an insurer.

Consultant - ANSProvides (for a fee) advice, recommendations, and information regarding the
terms, conditions, benefits, coverage, or premiums for insurance policies.

Producer - ANSan insurance agent, broker, reinsurance intermediary, excess lines broker, or
other person required to be licensed in New York to sell, solicit, or negotiate insurance.

Agent - ANSany authorized or acknowledged agent of an insurer, fraternal benefit society, or
health maintenance organization.

Broker - ANSsells and negotiates insurance on behalf of the insured.

Business Entity - ANSa corporation, association, partnership, limited liability company, or limited
liability partnership, and may be licensed as an agent.

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