NY PI Study Exam Questions With Verified Answers.

NY PI Study Exam Questions With Verified Answers. Who regulates PI's in NY? - answerThe Department of State, Division of Licensing What type of crime is operating as a PI without a license? - answerClass B Misdemeanor A corporation's PI license can be revoked if ___% or more of the corporate stock is held by a person who cannot meet the character standard set for an individual PI license. - answer10 Who has the power to enforce the provisions of the PI licensing law? - answerThe Secretary of State Is a licensee obliged to supply their books or records to the State upon State Request? - answerYes What is the term of a PI license? - answer2 years What is the cost of an Individual PI license? - answer$400 What is the cost of a Corporate PI license? - answer$500 Is a PI required to be bonded? - answeryes Is a PI required to be insured? - answerNo What is the surety bond required of a PI? - answer$10,000 If a NY PI license is to be issued to a non-resident, what must the applicant file a written consent to? - answerConsent to the jurisdiction of the courts of NY in any case or cases arising from PI services within NY state No PI license shall be issued to a person under the age of ___. - answer25 What is the fee to take the exam that you need to pass to qualify for a PI application? - answer$15 Can a NY PI license be issued to a person convicted of a felony? - answerNo Are there any misdemeanor convictions that will not allow a person to be issued a NY PI license? - answerYes Are a list of the applicant names and business addresses of all pending PI applications posted for public view? - answerYes Are a list of PI licenses that had been either issued or revoked the prior week posted for public view? - answerYes Can a NY PI licensee simultaneously hold an employment agency license? - answerNo To change the name on a PI license, the cost is ___ - answer$150 To change the address on a PI license, the cost is ___ - answer$10 How must the issued PI license certificate be displayed? - answerPosted up and at all times displayed in a conspicuous place for which it was issued, so that all persons visiting such place may readily see it. Every license certificate shall be surrendered to the Department of Stat within ____ hours after its terms shall have expired or after notice in writing to the holder that such license has been revoked. - answer72 Failure to surrender the license certificate within the required hours is what type of crime? - answerMisdemeanor What is the cost for the replacement of an unexpired PI license certificate or an unexpired pocket card? - answer$10 What are the restrictions on the replacement of an unexpired PI license certificate or an unexpired pocket card? - answerIf lost or destroyed without fault on the part of the holder. When should a NY PI file a PI license renewal application? - answer6 weeks before the expiration date of the PI license What is the cost to renew an Individual PI license? - answer$400 What is the cost to renew a Corporation PI license? - answer$500 If late to renew a PI license, what is the late filing fee amount? - answer$100 In no event will PI license renewal be granted more than ___ months after the date of expiration of a PI license. - answer6 What, besides the PI license renewal fee, must accompany the PI license renewal fee? - answerA new surety bond May a licensee resign as a licensee without the written approval of the Secretary of State? - answerNo