State RegulationsNY specificDifficulty 2/5
Which statement best describes a temporary insurance license issued in New York?
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Answer & full 3-part explanation (select an option above, or peek)
Why D is correct
Under N.Y. Ins. Law §2109, a temporary license is a limited, short-term, discretionary authorization issued by the Superintendent in particular situations - classically to allow continuation of a deceased or disabled licensee's business. It is not a shortcut around regular licensing, which still requires examination, application, and appointment before permanent authority is granted.
Why the other options are wrong
- A) A temporary license has no automatic conversion feature; permanent licensure requires meeting all regular licensing requirements.
- B) There is no expedited-fee path; the Superintendent issues temporary licenses only in the circumstances the law specifies.
- C) Insurers appoint licensees but cannot issue licenses; only the Superintendent of Financial Services licenses producers.
Memory hook
Temporary = Superintendent's discretion, limited time, special cause.