XCEL - NY Life, Accident, & Health Laws (Review Notes) with Complete Solutions

XCEL - NY Life, Accident, & Health Laws (Review Notes) with Complete SolutionsXCEL - NY Life, Accident, & Health Laws (Review Notes) with Complete SolutionsXCEL - NY Life, Accident, & Health Laws (Review Notes) with Complete Solutions Superintendent of Insurance - ANSWER-The head of the Department of Insurance. Appointed by the Governor for a 4-year term. Examination of Records - ANSWER-The Superintendent may conduct a financial examination of any insurance company as often as deemed appropriate. 6 years - ANSWER-How long must an insurer must maintain required records for? Cease and Desist Order - ANSWER-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. 10 Days - ANSWER-The person must be notified of the time and place of the hearing at least ___ days in advance. Hearings - ANSWER-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. 120 Days - ANSWER-If the Superintendent determines that a civil penalty should be imposed, he or she may enforce the judgement without a court proceeding within ___ days. Adjuster - ANSWER-Any individual who, for a fee, investigates and settles a claim arising from an insurance contract on behalf of an insurer. Consultant - ANSWER-Provides (for a fee) advice, recommendations, and information regarding the terms, conditions, benefits, coverage, or premiums for insurance policies. Producer - ANSWER-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.