New york insurance - Study guides, Class notes & Summaries

Which of the following statements is NOT TRUE regarding the "Extended Period of Indemnity" option of the Business Income form? - ANSWER-The coverage applies for 120 days following the period of restoration When a Hawaii employee sustains an injury requiring medical treatment beyond first aid, how long does the employer have to report the accident to the Director of Labor and Industry relations? - ANSWER-7 working days After paying a claim an insurance company may have the right to pursue...

information about the premium and policy limites, the identity and address of the named insured, and the policy period is found in which part of the insurance policy? Declaration page if an insured intentioanlly conceals a material fact on an application for insurance, the coverage may be: voided anyone who threatens, forces or corruptly influences, obstructs or impedes the due and proper administration of the fraud law relating to the insurance business may be fined and/or impri...

The time limit on certain defenses under individual health policies in New York is: A 20 days B 3 years C 90 days D 2 years D 2 years The Superintendent may examine the books and records of any insurer based on the: A Permission of a producer B Authority granted by the state C Authority granted by the Secretary of State D Permission of the insurer B Authority granted by the state

New York Insurance Adjuster 2024 Licensing Exam || Questions & Answers (100% Correct) New York Insurance Adjuster 2024 Licensing Exam || Questions & Answers (100% Correct) Insurance - ANSWER - A method of handling pure risk, by spreading it over a large number of similar individuals. Law of Large Numbers - ANSWER - Insurers can calculate their probable losses and establish premium rates that are accurate enough to cover claims, pay operating expenses, and make a profit. Principle of In...

NY Life, Accident, and Health Insurance Agent/Broker Exam Series 17-55 actual exam Process 2103 (d-i) - CORRECT ANSWER-1. The Superintendent may issue a license to any person, firm or corporation who has complied with the requirements of the Insurance Code, authorizing the licensee to act as agent of any authorized insurer. Every individual applicant for a license under this section and every proposed sublicensee must be 18 years of age or older at the time of issuance of such licens...

New York Insurance Laws Questions and Answers Rated A The time limit on certain defenses under individual health policies in New York is: A 20 days B 3 years C 90 days D 2 years D 2 years The Superintendent may examine the books and records of any insurer based on the: A Permission of a producer B Authority granted by the state C Authority granted by the Secretary of State D Permission of the insurer B Authority granted by the state If a licensee uses an assumed name, the na...

Test Bank for Business Law with UCC Applications 16e 16th Edition by Paul Sukys. ISBN 7939 Full Chapters test bank included (Ch 1 to 34) PART ONE: ETHICS, LAW, AND THE JUDICIAL SYSTEM Chapter 1: Ethics and the Law Chapter 2: Sources of the Law Chapter 3: The Judicial Process and Cyber-Procedure Chapter 4: Alternative Dispute Resolution and Cyber-ADR Chapter 5: Criminal Law and Cybercrimes Chapter 6: Tort Law and Cybertorts Case Study: Roman Catholic Diocese of Brooklyn, New Yo...

Superintendent of Financial services - ANSWER-Head of the department of Insurance. Must be a citizen and resident of his state and appointed by the governor, by and with the advice and consent of the senate and holds office at the pleasure of the governor. The superintendent posses the rights, powers and duties in connection with financial services and protection in this state, expressed or reasonably inplied by this chapter of any other applicable law of the state. Superintendents absence - ...