Results 1981 - 1990 of 3226
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New Hampshire’s continuing-education requirements | Ask PIA
What are the specific continuing-education requirements for New Hampshire?
Resident producers with the lines of life, accident & health; property/casualty; or personal lines are required to complete 24 credit hours of New Hampshire-approved continuing education every two years. Of the 24 credits, a minimum of three credits (but no more than 10 credits) must be earned from courses approved...
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Long-Term Care Partnership Program training | Ask PIA
Do I need special training to sell long-term care insurance?
Insurance producers need to complete training before they can sell long-term care insurance products approved for the New Jersey Long-Term Care Partnership Program. The training requirements, which took effect in 2009, are found in N.J.A.C. 11:4-34.29. There is a one-time initial eight-hour training program. There also is an ongoing...
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Long-Term Care Partnership Program training | Ask PIA
Do I need special training to sell long-term care insurance?
There is a training and certification requirement for Connecticut’s Partnership Program long-term care products. Before insurance producers can market, discuss or sell any Partnership-approved long-term care insurance policy in Connecticut, they must have met the training requirements under the Partnership’s certification training program. Certification training is available to life, accident...
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New Jersey Surplus Lines Guaranty Fund—rental property | Ask PIA
Does the New Jersey Surplus Lines Guaranty Fund provide coverage for a seasonal residence covered by a homeowners policy sometimes rented to others and written by a surplus-lines carrier?
https://www.nj.gov/dobi/division_insurance/pdfs/sl_whitelist201029.pdf. The claimant or insured has to be a resident of the state of New Jersey at the time of the insolvency and the property has to be permanently located in the state. The fund pays up to a maximum of $300,000 per occurrence, but not in excess of...
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Health insurance premium rebates
| Ask PIAWe received a rebate from our health insurance company because they did not meet the 80/20 rule under the federal Affordable Care Act. What can I, as the employer, do with the money?
The guidance on this issue comes from a federal rule through the ACA, not a state rule, and basically you need to return the money to your employees or use the money to enhance benefits for employees. According to the healthcare.gov website: If your insurance company...
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Cyber security regulation—notices | Ask PIA
How should a covered entity submit cyber security event notices, compliance certifications and exemption notices to the department?
Cyber security notices of exemption, certifications of compliance and notices of cyber security events should be filed electronically via the New York State Department of Financial Services’ web portal: http://www.dfs.ny.gov/about/cybersecurity. You will first be prompted to create an account and log in to the DFS web portal, then you...
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Cyber security regulation—noncompliance penalty | Ask PIA
What would the penalty be if an insurance agent or broker did not comply with the New York cyber security regulation?
The regulation does not specify a penalty for noncompliance: Section 500.20 Enforcement. This regulation will be enforced by the superintendent pursuant to, and is not intended to limit, the superintendent’s authority under any applicable laws. Each violation would, therefore, be subject to Section 109 of the state Insurance...
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Pennsylvania nonresident licensing | Ask PIA
I’m a New Jersey producer and have a Pennsylvania nonresident individual producer’s license. I’d like to open an office in Pennsylvania. What do I have to do?
It depends. If you are looking to open an office as an individual, using your own Social Security number, first obtain a DBA/fictitious name approval from the Pennsylvania Department of Insurance, available at http://www.insurance.state.pa.us/cgi/busentname2a.pl. After receiving the approval, register the name with the Department of State’s Corporate Bureau
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PLIGA—seasonal residence | Ask PIA
Does the New Jersey Property-Liability Insurance Guaranty Association provide coverage for a seasonal residence covered by a homeowners policy sometimes rented to others?
Yes, it would. The New Jersey Property-Liability Insurance Guaranty Association covers unpaid claims, including unearned premiums for insurance policies for an admitted or authorized insurer who becomes insolvent. An admitted or authorized insurer is licensed to transact the business of insurance in the state of New Jersey. PLIGA protection applies...
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Storm damage to seawall | Ask PIA
Will the National Flood Insurance Program flood policy cover storm damage to a seawall or an attached outside patio?
If your property is damaged by a flood, your flood insurance will provide coverage for items such as: the building and its foundation; electrical and plumbing systems; central-air conditioning, furnaces, water heaters; refrigerators, stoves, dishwashers; and debris removal. Â However, the flood policy will exclude coverage for the...