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New York Accident & Health Insurance Exam Questions And Answers.
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New York Accident & Health Insurance Exam Questions And Answers.
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New York Accident & Health Insurance ExamQuestions And Answers.
Agent .Licesne .- .(correct .answer) .-
Noone .can .sell .insurance .without .license .but .you .dont .need .to .pass .test .if .you .are .employees .of .lic
esed .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 .- .(correct .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 .- .(correct .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 .- .(correct .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 .gene
ral .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 .- .(correct .answer) .-
acts .on .behalf .of .th .insurer .to .investigata .and .sjust .claims .arising .under .insurance .contracts .issued .
by .the .insurer
Non .Resident .- .(correct .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 .a
pply .for .his .license .w/o .taking .exam
Temporary .License .- .(correct .answer) .-
Can .be .issued .to .spouse .of .deceased .or .next .of .kim .from .a .disability
Tremination .of .License .- .(correct .answer) .-Can .be .done .by .superintendent .for:
-providing .incorrect .or .misleading .materially .untreu .info .in .licesne .app
-violating .any .insurance .laws
- .stealing .money
- .having .been .convicted .of .a .felony
- .any .dihonest .practices
- .Have .a .producer .or .life .settlement .license .denied .or .revoked .in .any .other .state
- .Forging
- .Failing .to .comply .with .child .support .payments
To .terminate .a .license, .a .superintendent .must .- .(correct .answer) .-
provide .a .written .notice .to .the .licensee .of .a .hearing .before .the .license .an .be .suspended. .For .a .brok
er, .its .not .less .than .10 .days .after .notice .is .provided .for .the .hearing. .If .there's .an .action .against .the .
producer, .he .must .notify .the .super .within .30 .days. .You .cant .go .into .another .state .and .start .practici
ng .either
Appointment .and .Termination .of .Appointment .- .(correct .answer) .-
All .insureres .myst .file .a .ciertificate .of .appointment .in .order .to .appoint .insurance .agents. .Then .you .h
ave .15 .days .to .appoint .a .producer .from .the .date .the .agency .contract .is .executed. .If .you've .been .fir
ed, .you .have .30 .days .to .tell .the .super .why .you .were .fired .and .then .the .super .has .15 .days .to .send .
the .info .back .to .you .confirming .it,
Change .of .Address .time .frame .- .(correct .answer) .-
a .licensee .has .30 .days .to .inform .dept .of .insurance
Reporting .of .Action .- .(correct .answer) .-
must .report .to .dept .of .insurance .w .in .30 .days .of .any .administrative .action
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