XCEL - NY Life, Accident, & Health Laws Exam with all Answers correct

XCEL - NY Life, Accident, & Health Laws Exam with all Answers correct The head of the Department of Insurance. Appointed by the Governor for a 4-year term. The Superintendent may conduct a financial examination of any insurance company as often as deemed appropriate. How long must an insurer must maintain required records for? A person who is charged with engaging in an unfair method of competition or committing an unfair or deceptive act or practice is entitled to a heating before the Superintendent. The person must be notified of the time and place of the hearing at least ___ days in advance. The Superintendent can administer oaths, examine witnesses, and receive evidence during a ________. A written or oral report must be made to the Superintendent stating the findings. If the Superintendent determines that a civil penalty should be imposed, he or she may enforce the judgement without a court proceeding within ___ days. Any individual who, for a fee, investigates and settles a claim arising from an insurance contract on behalf of an insurer. Provides (for a fee) advice, recommendations, and information regarding the terms, conditions, benefits, coverage, or premiums for insurance policies. an insurance agent, broker, reinsurance intermediary, excess lines broker, or other person required to be licensed in New York to sell, solicit, or negotiate insurance