State statute · New York
Revocation or suspension of producer license
N.Y. Ins. Law s. 2110
Edition and licensing notes
Publisher. New York State Senate (nysenate.gov)
Status. New York Consolidated Laws, public domain.
What this document is
N.Y. Ins. Law s. 2110: Revocation or suspension of producer license is a state statute published by New York State Senate (nysenate.gov). It is one of the New York documents that insurance license exam questions are written from, including new york life & health practice questions. This page summarizes it and points to the official version, which is the text to rely on.
Sections cited in practice questions
Each practice answer shows the exact passage it comes from. These are sections of this document that questions cite, with a short excerpt from the source text.
- N.Y. Ins. Law § 2110(a)(5) (Grounds for discipline: conversion of funds)
“(5) improperly withheld, misappropriated or converted any monies or properties received in the course of business in this state or elsewhere;”
- N.Y. Ins. Law § 2110(a)(8) (Grounds for discipline: unfair trade practice or fraud)
“(8) admitted or been found to have committed any insurance unfair trade practice or fraud;”
- N.Y. Ins. Law § 2110(a)(12) (accepting business from unlicensed person)
“(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, adjuster or life settlement broker, if, after notice and hearing, the superintendent determines that the licensee or any...”
- N.Y. Ins. Law § 2110(a)(11) (improper exam reference material)
“(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, adjuster or life settlement broker, if, after notice and hearing, the superintendent determines that the licensee or any...”
- N.Y. Ins. Law § 2110(a)(9) (out-of-state license revocation)
“(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, adjuster or life settlement broker, if, after notice and hearing, the superintendent determines that the licensee or any...”
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More New York sources
- 11 NYCRR Chapter IX (Unfair Trade Practices), Parts 216 and 218 - New York unfair claims settlement practices and claim cost control measures, and the prohibition against geographical redlining (Part 216 = Regulation 64; Part 218 = Regulation 90)Regulation
- 11 NYCRR Parts 27 and 30 - New York excess line placements governing standards and producer compensation transparency (Part 27 = Regulation 41; Part 30 = Regulation 194)Regulation
- 11 NYCRR Chapter III Subchapter B (Property and Casualty Insurance), Subpart 60-2 and Parts 67 and 73 - New York supplementary uninsured/underinsured motorists insurance, mandatory underwriting inspection of private passenger automobiles, and claims-made policy standards (Subpart 60-2 = Regulation 35-A; Part 67 = Regulation 79; Part 73 = Regulation 121)Regulation
- 11 NYCRR Chapter II (Agents, Brokers and Adjusters), Parts 20, 21, 22, 23 and 34 - New York producer licensing, examination, fiduciary, recordkeeping and place-of-business rules (Part 20 = Regulations 9, 18 and 29; Part 21 = Regulation 5; Part 22 = Regulation 6; Part 23 = Regulation 7; Part 34 = Regulation 125)Regulation
- 11 NYCRR Part 243 (Chapter X, Records) and Part 420 (Chapter XIX) - New York standards of records retention by insurance companies, and privacy of consumer financial and health information (Part 243 = Regulation 152; Part 420 = Regulation 169)Regulation
- 23 NYCRR Part 500 - Cybersecurity Requirements for Financial Services Companies (New York Department of Financial Services; the Part the New York P&C exam outline cites as "Reg 23")Regulation
- Seventh Amendment to 11 NYCRR Part 67 (Insurance Regulation 79) -- Mandatory Underwriting Inspection Requirement for Private Passenger Automobiles, sections 67.2 and 67.3 as adoptedRegulation
- N.Y. Ins. Law s. 3203: Individual life insurance policies; standard provisionsState statute