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New York Accident & Health Insurance Exam Questions and Complete Solutions Graded A+
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New York Accident & Health Insurance Exam Questions and Complete Solutions Graded A+
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New York Accident &Health Insurance Exam
Questions and Complete
Solutions Graded A+
Denning [Date] [Course title]
, Agent Licesne - Answer: 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, licensed attorneys, 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
Certificate of appointment - Answer: if a license is granted to an corporation, , only the officers 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 of appointment from the state
License Term for Agent - Answer: 2 years; can be suspended or revoked by superintendent, terminated
by insurer, fails to 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
Consultant - Answer: 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 odd yyear and general
insurance in an even year
- can only recieve a fee if there's a written contract with the person they are providing advice
Adjuster License - Answer: acts on behalf of th insurer to investigata and sjust claims arising under
insurance contracts issued by the insurer
Non Resident - Answer: an individual who is a non resident of NY and who is licensed or authorized to
act as an insurance agent in the state in which he resides. If a licenced non residnent moves to NY, he
has 90 days to apply for his license w/o taking exam
Temporary License - Answer: Can be issued to spouse of deceased or next of kim from a disability
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