2117 – Acting for or Aiding Unlicensed or Unauthorized Insurers or Health Maintenance Organizations.
§ 2117. Acting for or aiding unlicensed or unauthorized insurers or health maintenance organizations. (a) No person, firm, association or corporation shall in this state act as agent for any insurer or health maintenance organization which is not licensed or authorized to do an insurance or health maintenance organization business in this state, in the […]
2118 – Excess Line Brokers; Duties.
§ 2118. Excess line brokers; duties. (a) (1) Every licensee licensed pursuant to section two thousand one hundred five of this article shall be required to use due care in selecting the unauthorized insurer from whom policies are procured under his license. (2) (A) No policy of insurance may be procured by a licensee from […]
2119 – Insurance Agents, Brokers, Consultants, Life Settlement Brokers, and Title Insurance Agents; Written Contract for Compensation; Excess Charges Prohibited.
§ 2119. Insurance agents, brokers, consultants, life settlement brokers, and title insurance agents; written contract for compensation; excess charges prohibited. (a) (1) No person licensed as an insurance agent, broker or consultant may receive any fee, commission or thing of value for examining, appraising, reviewing or evaluating any insurance policy, bond, annuity or pension or […]
2120 – Fiduciary Capacity of Insurance Agents, Title Insurance Agents, Insurance Brokers and Reinsurance Intermediaries.
§ 2120. Fiduciary capacity of insurance agents, title insurance agents, insurance brokers and reinsurance intermediaries. (a) Every insurance agent, title insurance agent, and insurance broker acting as such in this state shall be responsible in a fiduciary capacity for all funds received or collected as insurance agent or insurance broker, and shall not, without the […]