New York Insurance Law Article 21 - AGENTS, BROKERS, ADJUSTERS, CONSULTANTS AND INTERMEDIARIES
- 2101 - Definitions.
(a) In this article, "insurance agent" means any authorized or acknowledged agent of an insurer, fraternal benefit society or health maintenance organization issued a certificate...
- 2102 - Acting Without a License.
(a) (1) (A) No person, firm, association or corporation shall act as an insurance producer, insurance adjuster or life settlement broker in this state without...
- 2103 - Insurance Agents; Licensing.
(a) The superintendent may issue a license to any person, firm or corporation who or which has complied with the requirements of this chapter, authorizing...
- 2104 - Insurance Brokers; Licensing.
(a) (1) The superintendent may issue an insurance broker's license to any individual, firm, association or corporation, hereinafter designated as "licensee," who or which is...
- 2105 - Excess Line Brokers; Licensing.
(a) The superintendent may issue an excess line broker's license to any person, firm, association or corporation who or which is licensed as an insurance...
- 2106 - Reinsurance Intermediaries; Licensing.
(a) (1) The superintendent may issue a reinsurance intermediary's license to any person, firm, association or corporation who or which has complied with the requirements...
- 2107 - Insurance Consultants; Licensing and Duties.
(a) (1) The superintendent may issue an insurance consultant's license to any person, firm, association or corporation who or which has complied with the requirements...
- 2108 - Adjusters; Licensing and Duties.
(a) (1) Adjusters shall be licensed as independent adjusters or as public adjusters. (2) The superintendent may prescribe the types of independent adjusters' licenses according...
- 2109 - Agents and Brokers; Temporary License in Case of Death, Service in Armed Forces or Disability.
(a) The superintendent may issue a temporary insurance agent's license, title insurance agent's license or insurance broker's license, or both an insurance agent's and insurance...
- 2110 - Revocation or Suspension of License of Insurance Producer, Insurance Consultant, Adjuster or Life Settlement Broker.
(a) The superintendent may refuse to renew, revoke, or may suspend for a period the superintendent determines the license of any insurance producer, insurance consultant,...
- 2111 - Revoked Licensees.
(a) (1) No individual, corporation, partnership, association, firm or entity subject to the provisions of this chapter whose license under this article has been revoked,...
- 2112 - Certificate of Appointment of an Insurance Producer to Act As an Agent and Notice of Termination of an Insurance Producer.
(a) Every insurer, fraternal benefit society or health maintenance organization doing business in this state shall file a certificate of appointment in such form as...
- 2113 - Title Insurance Agent Commissions; Disclosure.
(a) No insurer doing business in this state, and no agent or other representative thereof, shall pay any commission or other compensation to any person,...
- 2114 - Life, Accident and Health Insurance Agents; Commissions.
(a) (1) No insurer or fraternal benefit society doing business in this state shall pay any commission or other compensation to any person, firm or...
- 2115 - Property/casualty Insurance Agents; Commissions.
(a) * (1) No insurer doing business in this state, and no agent or other representative thereof, except as provided in subsection (b) hereof, shall...
- 2116 - Insurance Brokers; Commissions.
* No insurer authorized to do business in this state, and no officer, agent or other representative thereof, shall pay any money or give any...
- 2117 - Acting for or Aiding Unlicensed or Unauthorized Insurers or Health Maintenance Organizations.
(a) No person, firm, association or corporation shall in this state act as agent for any insurer or health maintenance organization which is not licensed...
- 2118 - Excess Line Brokers; Duties.
(a) (1) Every licensee licensed pursuant to section two thousand one hundred five of this article shall be required to use due care in selecting...
- 2119 - Insurance Agents, Brokers, Consultants, Life Settlement Brokers, and Title Insurance Agents; Written Contract for Compensation; Excess Charges Prohibited.
(a) (1) No person licensed as an insurance agent, broker or consultant may receive any fee, commission or thing of value for examining, appraising, reviewing...
- 2120 - Fiduciary Capacity of Insurance Agents, Title Insurance Agents, Insurance Brokers and Reinsurance Intermediaries.
(a) Every insurance agent, title insurance agent, and insurance broker acting as such in this state shall be responsible in a fiduciary capacity for all...
- 2121 - Broker Authorized to Receive Premium, When.
(a) Any insurer which delivers in this state to any insurance broker or any insured represented by such broker a contract of insurance pursuant to...
- 2122 - Advertising by Insurance Producers.
(a) (1) No insurance producer shall make or issue in this state any advertisement, sign, pamphlet, circular, card or other public announcement purporting to make...
- 2123 - Misrepresentations, Misleading Statements and Incomplete Comparisons.
(a) (1) No agent or representative of any insurer or health maintenance organization authorized to transact life, accident or health insurance or health maintenance organization...
- 2124 - Stay or Suspension of Superintendent's Determination.
The commencement of a proceeding under article seventy-eight of the civil practice law and rules, to review the action of the superintendent in suspending or...
- 2125 - Marine Insurance; Acting As Agent, Broker or Insurer of Persons Without Insurable Interest.
(a) No person, firm, association or corporation shall knowingly act as insurance agent or act as insurance broker in this state, or shall as insurer...
- 2126 - Impersonation At Examinations Prohibited.
No person shall impersonate any other person, or permit or aid in any manner any other person to impersonate him, in connection with any examination...
- 2127 - Penalties for Violations.
(a) The superintendent, in lieu of revoking or suspending the license of a licensee in accordance with the provisions of this article, may in any...
- 2128 - Commission and Fee Sharing Prohibited.
(a) Notwithstanding the provisions of sections two thousand three hundred twenty-four and four thousand two hundred twenty-four of this chapter, no licensee subject to this...
- 2129 - Duty to Have an Agent or Broker At Each Place of Business.
(a) Each place of business established by the holder of an agent and/or broker license shall be under the supervision of one or more persons...
- 2130 - Excess Line Association.
* (a) There is hereby created a non-profit association to be known as the excess line association of New York. All excess line licensees shall...
- 2131 - Limited License for Rental Vehicle Companies, Wireless Communications Equipm Ent Vendors and Self-Service Storage Companies.
2131. Limited license for rental vehicle companies, wireless communications equipment vendors and self-service storage companies. (a) The superintendent may issue to a rental vehicle company,...
- 2132 - Continuing Education.
(a) This section shall apply to resident and non-resident persons licensed pursuant to this article with respect to: (1) life insurance, annuity contracts, variable annuity...
- 2133 - Forged Insurance Identification Cards.
Any insurance company, insurance agent, insurance broker or other person who or which, personally or by the action of an employee or agent, possesses, transfers...
- 2134 - Change of Address.
(a) A licensee under this article shall inform the superintendent by a means acceptable to the superintendent of a change of address within thirty days...
- 2135 - Administration of Certain Functions.
The superintendent may designate the National Association of Insurance Commissioners (NAIC) or any affiliates or subsidiaries that the NAIC oversees to perform ministerial functions, including...
- 2136 - Reciprocity.
The superintendent shall waive any requirements for a nonresident license applicant otherwise applicable under this chapter if: (a) the applicant has a current and valid...
- 2137 - Life Settlement Brokers; Licensing.
(a) The superintendent may issue a license to any individual, firm, association or corporation who or that has complied with the requirements of this chapter,...
- 2138 - Health Benefit Exchange Navigators.
A person who has received a grant from and has been certified by the health benefit exchange established pursuant to section 1311 of the affordable...
- 2139 - Title Insurance Agents; Licensing.
(a) The superintendent may issue a license to any person, firm, association or corporation that has complied with the requirements of this chapter, authorizing the...
Last modified: February 3, 2019