State RegulationsNY specificDifficulty 1/5
Under N.Y. Ins. Law §2101(o), which of the following constitutes 'solicitation'?
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Answer & full 3-part explanation (select an option above, or peek)
Why B is correct
Under N.Y. Ins. Law §2101(o), 'solicit' or 'solicitation' means attempting to sell insurance or asking or urging a person to apply for a particular kind of insurance with a particular insurer. Solicitation is licensable producer activity even before any application is signed.
Why the other options are wrong
- A) Adjusting a claim is the adjuster's function under N.Y. Ins. Law §2101(g), not producer solicitation.
- C) Computing policy reserves is internal actuarial work involving no prospective purchaser.
- D) Appointment notices are filed by the insurer under §2112(b); that filing urges no one to buy insurance.
Memory hook
Solicit = ask or urge to buy - the earliest licensable act, before any application exists.