FAIR Plan
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Requires state implementations. Government insurance at the state level,
when they cannot be filed by the private sector.
Termination of Appointment
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, every insurer or fraternal benefit society doing business in NY must file a
Cert of Appt. for every agent appointed to represent them within 15 days
from the date the agency contract is executed or the first insurance
application is submitted
if their are no current company appointments on file for an agent, the
agents license is considered inactive
insurers wishing to terminate an agent must give them 30 days notice
unless the reason involves premium transfer
Unauthorized/Nonadmitted
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A company not authorized to do business in NY.
Producer Disclosures
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- description of their role in the sale
-if they will receive compensation
-that compensation may vary
-the purchaser may obtain info about the compensation expected to be
received by the producer by requesting it. The producer has 5 days to
provide such info.
*This regulation doe snot apply to the placement of reinsurance or the
placement of insurance with a captive insurance company, or renewals less
than 30 days prior or after a renewal.
, Change of Address
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resident licensees must inform the superintendent of a change of address
within 30 days of change
Implied Authority
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natural unwritten extension of the written express authority.
Foreign Insurer
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Insurance company formed under the laws of U.S. jurisdiction other than
NY.
NY Consumer Privacy Regulations
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Give this one a try later!
Requires state implementations. Government insurance at the state level,
when they cannot be filed by the private sector.
Termination of Appointment
Give this one a try later!
, every insurer or fraternal benefit society doing business in NY must file a
Cert of Appt. for every agent appointed to represent them within 15 days
from the date the agency contract is executed or the first insurance
application is submitted
if their are no current company appointments on file for an agent, the
agents license is considered inactive
insurers wishing to terminate an agent must give them 30 days notice
unless the reason involves premium transfer
Unauthorized/Nonadmitted
Give this one a try later!
A company not authorized to do business in NY.
Producer Disclosures
Give this one a try later!
- description of their role in the sale
-if they will receive compensation
-that compensation may vary
-the purchaser may obtain info about the compensation expected to be
received by the producer by requesting it. The producer has 5 days to
provide such info.
*This regulation doe snot apply to the placement of reinsurance or the
placement of insurance with a captive insurance company, or renewals less
than 30 days prior or after a renewal.
, Change of Address
Give this one a try later!
resident licensees must inform the superintendent of a change of address
within 30 days of change
Implied Authority
Give this one a try later!
natural unwritten extension of the written express authority.
Foreign Insurer
Give this one a try later!
Insurance company formed under the laws of U.S. jurisdiction other than
NY.
NY Consumer Privacy Regulations
Give this one a try later!
