Insurance Regulation (11)
Who represents the insured in the investigating of a claim? A-Broker B-Independent adjuster C-Agent D-Public adjuster
D-Public adjuster
Agent A offers a prospective client two tickets to a Yankees baseball game with the condition that the client will purchase a family life insurance policy. This practice is known as A-Controlled business. B-Reciprocal insurance. C-Conditional marketing. D-Rebating.
D-Rebating.
The Superintendent can examine an authorized fraternal benefit society and property/casualty insurance company once every A-18 months. B-3 years. C-5 years. D-12 months.
B-3 years.
What is the maximum penalty for habitual willful noncompliance with the Fair Credit Reporting Act? A-$1,000 B-$100 per violation C-Revocation of license D-$2,500
D-$2,500
If a hearing is scheduled for a producer who has violated regulations regarding unfair trade practices, the Superintendent must send a prior notice within how many days of the hearing? A-10 days B-14 days C-20 days D-30 days
A-10 days
-In New York, the Superintendent is appointed by and stays in office for a term as long as the A-Attorney General is in office. B-Board of Directors deems the term appropriate. C-Secretary of State is in office. D-Governor is in office.
D-Governor is in office.