State statute · New York
Misrepresentations, misleading statements and incomplete comparisons
N.Y. Ins. Law s. 2123
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. 2123: Misrepresentations, misleading statements and incomplete comparisons 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 § 2123(a)(1) (Misleading estimate of future dividends)
“(1) No agent or representative of any insurer or health maintenance organization authorized to transact life, accident or health insurance or health maintenance organization business in this state, insurance broker, or other person, firm, association or corporation, shall issue or circulate or...”
- N.Y. Ins. Law § 2123(a)(1) (Misrepresenting policy terms and benefits)
“(1) No agent or representative of any insurer or health maintenance organization authorized to transact life, accident or health insurance or health maintenance organization business in this state, insurance broker, or other person, firm, association or corporation, shall issue or circulate or...”
- N.Y. Ins. Law § 2123(a)(3) (Replacement conforms to superintendent's standards)
“Any replacement of individual life insurance policies or individual annuity contracts of an insurer by an agent, representative of the same or different insurer or broker shall conform to standards promulgated by regulation by the superintendent.”
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