Ny insurance regulations - Study guides, Class notes & Summaries

The Grace Period for Accident & Health Insurance Weekly Premium Payments is - ANSWER-7 Days The Grace Period for Accident & Health Insurance Monthly Premium Payments is - ANSWER-10 Days The Grace Period for Accident & Health Insurance All Other Premium Payment Modes is - ANSWER-31 Days An Insurer May Cancel an Accident & Health Policy within the 1st 90 Days with at Least - ANSWER-10 Day's Notice The Right to Examine: Free Look for Accident & Health Policies is - ANSWER-10 Days ...

all of the following information about a customer must be used in determining annuity suitability EXCEPT - ANS Beneficiaries age how must a replacing producer respond to an applicant wishing to replace existing life insurance? - ANS the producer must provide the applicant with a notice regarding replacement Which of the following is the basic source of information used by the company in the risk selection process? - ANS application Which of the following state...

XCEL - NY Life, Accident, & Health Laws Latest Update Rated A Superintendent of Insurance The head of the Department of Insurance. Appointed by the Governor for a 4-year term. Examination of Records The Superintendent may conduct a financial examination of any insurance company as often as deemed appropriate. 6 years How long must an insurer must maintain required records for? Cease and Desist Order A person who is charged with engaging in an unfair method of competition or committing an unf...

Webce Exam Questions With 100% Verified Answers Latest Updated 2024 (GRADED A+) which of the following situations presents a situation of pure risk? -knowing that his family is depending on him, Frank wants to insure his life -wanting to increase his retirement savings, Saul invests his life savings in the stock market -Ralph takes a second mortgage on his house and uses the proceeds to gamble -wanting better job security, Ron cashes in his life insurance to start his own business - ANSWER...

NY Life, Accident, and Health Insurance Agent/Broker Exam Series 17-55| 200 QUESTIONS| ANSWERS GRADED A Process 2103 (d-i) 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 sub-licensee must be 18 years of age or older at the time of issuance of such lic...

Webce Exam Questions and Answers - Latest Updated 2023/2024 (GRADED A+). Agent Jill received a letter from the Department of insurance asking her to submit verification of having completed the continued education requirements for the previous licensing period. Three weeks later, the department sent another letter. Which penalty may the Department impose if Jill has still not responded to their request a month later? - ANSWER a fine up to $100 per day per violation A producer has 30 days to...

NY Life, Accident and Health Insurance Laws and Regulations Questions And Answers.

which of the following situations presents a situation of pure risk? -knowing that his family is depending on him, Frank wants to insure his life -wanting to increase his retirement savings, Saul invests his life savings in the stock market -Ralph takes a second mortgage on his house and uses the proceeds to gamble -wanting better job security, Ron cashes in his life insurance to start his own business - knowing that his family is depending on him, Frank wants to insure his own life onl...

Long Term Care Involves a variety of services designed to meet a person's health or personal care needs during a short or long period of time. These services help people live as independent as possible when they can no longer perform everyday activities on their own. How are Skilled Care and Custodial Care different? Skilled Care - Administered when direct medical attention is needed and provided by licensed professional in a certified facility - Patient's often receive skilled care...

Lead-based paint (LBP) Any varnish, shallac, or coating that contains either- 1.0 mg/cm2 - 0.5 % by weight - 5000 ppm - Older instruments could not read accurately at 0.7, so the lead standard was updated to 1.0 Dust sample clearance values - Floors: 40 μg/ft2 > 10 μg/ft2 (10 μg/ft2 in NY) - Windows: 250 μg/ft2 > 100 μg/ft2 (50 μg/ft2 in NY) - Window wells (troughs): 400 μg/ft2 (100 μg/ft2 in NY) - Samples must be at 1 sq ft > 2 sq ft (can be reduced to 1 sq ft if withi...