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New York Insurance Laws (2025) comprehensive questions and verified detailed solutions ( MULTIPLE CHOICES) |100% CORRECT!!

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New York Insurance Laws (2025) comprehensive questions and verified detailed solutions ( MULTIPLE CHOICES) |100% CORRECT!!

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3/22/25, 9:01 AM New York Insurance Laws (2025) comprehensive questions and verified detailed solutions ( MULTIPLE CHOICES) |100% CO…




New York Insurance Laws (2025) comprehensive
questions and verified detailed solutions (
MULTIPLE CHOICES) |100% CORRECT!!

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Terms in this set (30)


The time limit on certain D
defenses under individual 2 years
health policies in New
York is:
A
20 days
B
3 years
C
90 days
D
2 years




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,3/22/25, 9:01 AM New York Insurance Laws (2025) comprehensive questions and verified detailed solutions ( MULTIPLE CHOICES) |100% CO…


The Superintendent may B
examine the books and Authority granted by the state
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

If a licensee uses an A
assumed name, the name Before the licensee may use it to transact insurance
must be approved by the in New York
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




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, 3/22/25, 9:01 AM New York Insurance Laws (2025) comprehensive questions and verified detailed solutions ( MULTIPLE CHOICES) |100% CO…


In New York, basic C
hospital insurance must 60 days
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

If two individuals are D
licensed in the same line Shared between the two agents
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
Withheld by the insuring
company since this is an
illegal practice
D
Shared between the two
agents




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