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REPORT ON EXAMINATION OF NEW YORK SCHOOLS INSURANCE RECIPROCAL AS OF DECEMBER 31, 2020EXAMINER: DATE OF REPORT:SHEIK MOHAMED NOVEMBER 9, 2021TABLE OF CONTENTS IMAGE NO.1. Scope of examination22. Description
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Individuals looking to become licensed property insurance agents in New York State.
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Insurance professionals who are required to take the exam as part of their licensing or certification process.
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Anyone interested in working for or with NYSDFS-approved property insurance companies.
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The NYSDFS property insurance companies exam is a regulatory assessment conducted by the New York State Department of Financial Services to evaluate the financial health and compliance of property insurance companies operating in New York.
Property insurance companies licensed to operate in New York are required to file the NYSDFS property insurance companies exam.
To fill out the NYSDFS property insurance companies exam, companies must gather relevant financial and operational data, complete the required forms accurately, and submit them according to the guidelines provided by the NYSDFS.
The purpose of the NYSDFS property insurance companies exam is to ensure that insurance companies maintain solvency, adhere to state regulations, and operate in a manner that protects policyholders and the insurance market.
Companies must report comprehensive financial statements, policyholder data, claims handling procedures, and compliance with relevant regulations on the NYSDFS property insurance companies exam.
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