Is misleading or is a misrepresentation as to the financial condition of any person, or as to the legal reserve system upon which any life insurer operates; e. The Department shall make its determination on reasonable cause as promptly as possible and, so far as practicable, not later than days from the filing of the charge.
The length of suspension may be adjusted based on aggravating or mitigating factors, established by rule and consistent with this purpose. Any person otherwise qualified may be a director of 2 or more insurers which are competitors, unless the effect thereof is to lessen substantially competition between insurers generally or tends materially to create any monopoly.
No provision of this title shall apply with respect to: As to title insurance, an employee of an agent or agency may not initiate contact with any individual proposed insured for the purpose of soliciting title insurance unless licensed as a title insurance agent or exempt from such licensure pursuant to s.
The chief executive officer shall provide the notice as soon as reasonably possible, but no later than thirty days after the chief executive officer knows or has reason to know of the impairment. Failing to promptly provide a reasonable explanation of the basis in the insurance policy in relation to the facts or applicable law for denial of a claim or for the offer of a compromise settlement.
Reduction in premium rates for life or health insurance policies on annuity contracts on salary savings, payroll deductions, preauthorized checks, bank drafts or similar plans in amounts reasonably commensurate with the savings made by the use of such plans.
The department may adopt by rule revised versions of the uniform application.
The department shall adopt rules establishing standards for the approval of curriculum. What constitutes transacting business in this state. Is a misrepresentation for the purpose of inducing or tending to induce to the lapse, forfeiture, exchange, conversion or surrender of any insurance policy; g.
This section does not apply to life insurance, health insurance, annuity contracts or wet marine and transportation insurance.
D If a person described in division B of this section fails to make a required premium payment or contribution on behalf of a certificate holder and that failure results in the termination of the coverage, the health insurer providing the coverage shall notify the person in writing of that person's duties as described in divisions B and C of this section.
Offering or attempting to negotiate on behalf of another person a viatical settlement contract as defined in s. Readjustment of the rate of premium for a group insurance policy based on the loss or expense experience thereunder, at the end of the first or any subsequent policy year of insurance thereunder, which may be made retroactive only for such policy year; 4.
As to all other insurers, the state under the laws of which the insurer was formed. The fingerprints must be taken by a law enforcement agency, designated examination center, or other department-approved entity.
A personal comment about managers was also provided and could be easily identified. Teamwork should be encouraged through the creation of a free, efficient and respective work environment Lentz, The application for an insurance agency license must include: Where foreign corporation, which did not maintain salesmen, an office, a bank account, a telephone or a post-office box in Connecticut, purchased brick from Connecticut corporation under contract made in New York and all orders were made by telephone from New York and all deliveries were made in New York, except two small deliveries made in Connecticut as the result of sales negotiated in New York, said foreign corporation was not transacting business in Connecticut within the meaning of this section and was not subject to the provision of section requiring a certificate of authority as a prerequisite to the right to maintain an action here.
Deny, refuse to issue, refuse to renew, refuse to reissue, cancel or otherwise terminate an insurance policy or restrict coverage on any individual because that individual is, has been or may be the subject of abuse or seeks, has sought or should have sought, medical or psychological treatment for abuse, protection from abuse or shelter from abuse; b.
Therefore, he has to consult all the company employees and management to sit down and create a strategic vision. Additionally, a third-party administrator shall not include any person, firm or entity which holds a certificate of authority as an insurer, health service corporation, MCO, or HMO under this title.
FEDERAL DEPOSIT INSURANCE CORPORATION ARTICLE I NAME The name of the Corporation shall be the Federal Deposit Insurance Corporation (hereinafter called the “Corporation”).
ARTICLE II OFFICES committee may transact business by the circulation of written. That which delineates Transact Global from the rest is the Passion, Commitment and Dedication of its founders that has been imbibed in full by an equally receptive team.
The team believes in going the extra mile, to add a personal touch in all its interactions. TRANZACT Was Named Partner of The Year By Aflac. TRANZACT is excited to announce that Aflac named us one of their Partners of the Year.
Aflac is Fortune company that provides financial. This corporation is no longer transacting business or conducting affairs within the State of Florida and hereby voluntarily surrenders its authority to transact business or conduct affairs in Florida.
Any such controlled subsidiary corporation shall (i) transact only the insurance business specifically permitted by this section and (ii) be subject to the further provisions of Title otherwise applicable to insurance companies transacting a comparable business.
§ Purpose of Article.
enter into a contract of insurance as an insurer or to transact insurance business in this State as set forth in G.S. without a license issued by the Commissioner. This section another domestic nonprofit corporation; provided, however, that .Transact insurance corporation