State RegulationsNY specificDifficulty 1/5
A licensed New York insurance producer publishes a newspaper advertisement that refers to an insurer. Under N.Y. Ins. Law §2122, the advertisement must set forth...
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Answer & full 3-part explanation (select an option above, or peek)
Why C is correct
Under N.Y. Ins. Law §2122, every agent of an insurer and every insurance broker must, in all advertisements, public announcements, signs, pamphlets, circulars and cards that refer to an insurer, set forth the name in full of the insurer referred to and the name of the city, town or village in which it has its principal office in the United States. The rule keeps New York consumers able to identify exactly which company stands behind the advertised coverage.
Why the other options are wrong
- A) A logo and slogan alone do not satisfy §2122 — the insurer's full name and principal-office location must appear.
- B) Producer identification data is not what §2122 requires here; the statute focuses on identifying the insurer, not the producer's credentials.
- D) No advance approval stamp exists under §2122; compliance is the producer's duty, and enforcement falls to the Department of Financial Services.
Memory hook
Producer ads naming an insurer: full name plus home city, every time.