In addition to any other penalties provided by law, penalty for commingling is:
Give this one a try later!
A fine of up to $500 for each violation
In order to conduct business in NYS, an excess lines broker must:
Give this one a try later!
Pay a license fee, may be required to post a bond or equivalent security, be
a licensed broker
A person who makes a derogatory statement about an insurer, is guilty of:
,Give this one a try later!
Defmation
The superintendent may revoke an agents or brokers license for:
Give this one a try later!
Incompetency, violating insurance law, material misstatement on the license
application
Which type of authority does an insurer give to its agents by means of the agents
contract?
Give this one a try later!
Expressed authority
Material misrepresentation in the application for an agents license may result in:
Give this one a try later!
License suspension or revocation
An insurance broker has which of the following obligations to the insurance
companies with which they do business?
, 1. To supply necessary underwriting information
2. To send all premiums to the insurer promptly
3. To represent the insurer in a courteous efficient manner
4. All of the above
Give this one a try later!
4. All of the above
Which of the following, if any, would be considered rebating?
1. Giving stock or securities in return for purchasing a policy
2. Sharing commissions with a broker who helped place the business
Give this one a try later!
1. Giving stock or securities in return for purchasing a policy
A temporary license is available to a spouse or legal representative of a deceased
agent or broker. For how long will this license be issued for?
Give this one a try later!
90 days
Licensees subject to continuing education requirements must satisfy how many credit
hours?
Give this one a try later!
Give this one a try later!
A fine of up to $500 for each violation
In order to conduct business in NYS, an excess lines broker must:
Give this one a try later!
Pay a license fee, may be required to post a bond or equivalent security, be
a licensed broker
A person who makes a derogatory statement about an insurer, is guilty of:
,Give this one a try later!
Defmation
The superintendent may revoke an agents or brokers license for:
Give this one a try later!
Incompetency, violating insurance law, material misstatement on the license
application
Which type of authority does an insurer give to its agents by means of the agents
contract?
Give this one a try later!
Expressed authority
Material misrepresentation in the application for an agents license may result in:
Give this one a try later!
License suspension or revocation
An insurance broker has which of the following obligations to the insurance
companies with which they do business?
, 1. To supply necessary underwriting information
2. To send all premiums to the insurer promptly
3. To represent the insurer in a courteous efficient manner
4. All of the above
Give this one a try later!
4. All of the above
Which of the following, if any, would be considered rebating?
1. Giving stock or securities in return for purchasing a policy
2. Sharing commissions with a broker who helped place the business
Give this one a try later!
1. Giving stock or securities in return for purchasing a policy
A temporary license is available to a spouse or legal representative of a deceased
agent or broker. For how long will this license be issued for?
Give this one a try later!
90 days
Licensees subject to continuing education requirements must satisfy how many credit
hours?
Give this one a try later!
