New York Accident & Health Insurance.pdf file:///C:/Users/HP/Desktop/eewwww/New%20York%20Accident%
New York Accident & Health Insurance
1. Agent Licesne
ANS Noone can sell insurance without license but you dont need to pass test if you are
employees of licesed insurance agent wh do nt solicit, licensedattorneys, actuaries or cpas who
provid ino, regular salaried implyees who devote little tie, an agent oof a graternal benefit
society
- must be 18, pass 540 hr course
- pass state exam
- Application must be submiteed w in 2 years
- renewal every 2 years on birthday
2. Certificate of appointment
ANS if a license is granted to an corporation, , only theofficers and directors named on the
license can act as agents, but they can sub license agents. Every time a new agent comes on
boad, they need a certificate ofappointment from the state
3. License Term for Agent
ANS 2 years; can be suspended or revoked by superinten-dent, terminated by insurer, fails to
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,New York Accident & Health Insurance.pdf file:///C:/Users/HP/Desktop/eewwww/New%20York%20Accident%
file a renewal application, it can be terminated;Must be able to be furnished on request, the
head agent must display in the office;if no certificate of appointment is filed, the license is
inactive
4. Consultant
ANS Allows a person with a license to charge a fee for providing advice
- if given to an indivual, it experires every 2 yrs on the birthday
- if issued to a business entity, it expires on March 31st for life insurance in an oddyyear and
general insurance in an even year
- can only recieve a fee if there's a written contract with the person they are providingadvice
5. Adjuster License
ANS acts on behalf of th insurer to investigata and sjust claimsarising under insurance
contracts issued by the insurer
6. Non Resident
ANS an individual who is a non resident of NY and who is licensed orauthorized to act as an
insurance agent in the state in which he resides. If a licencednon residnent moves to NY, he has 90
days to apply for his license w/o taking exam
7. Temporary License
ANS Can be issued to spouse of deceased or next of kim froma disability
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