NEW YORK ACCIDENT & HEALTH INSURANCE EXAM QUESTIONS AND ANSWERS 100% CORRECT!
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Course
NEW YORK ACCIDENT & HEALTH INSURANCE
Institution
NEW YORK ACCIDENT & HEALTH INSURANCE
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, t...
, NEW YORK ACCIDENT & HEALTH
INSURANCE EXAM QUESTIONS AND
ANSWERS 100% CORRECT!
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
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