New York Insurance Laws Questions and Answers Rated A

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 name must be approved by the Superintendent:

A

Before the licensee may use it to transact insurance in New York

B

Within 30 days of using the assumed name

C

Only if they change their legal name

D


Upon license renewal ✔✔A


Before the licensee may use it to transact insurance in New York

, In New York, basic hospital insurance must provide coverage for any continuous hospital

confinement per insured for a period of at least:

A

20 days

B

30 days

C

60 days

D


10 days ✔✔C


60 days




If two individuals are licensed in the same line with two different companies join together to sell

a policy, the commission can be:

A

Shared between the two agents and the insured

B

Paid only to the agent who initiated the sale

C