This is Prohibited, but I Can't Figure It Out...

[Zac]

What is a 'controlled business'?

tks

Controlled business is the business that you write for your immediate family members or on yourselves. According to the NY Ins law the commission received from a controlled business should be less than 10% of the total commissions received for the full year. The superintended can deny / revoke a license or license application if he finds that the whole purpose of the licensee getting licensed is to write controlled business.

This is what I thought it was. If it is any different somebody would hopefully step in.

Regards.

 

[davido53]

Thank you, makes sense.

Yes, my avatar is from the book 'A Separate Reality' by Carlos Casteneda.

I first read it in college and have read it probably 5 times since.

 

[Nawlinsguy]

I thought so. I read the whole series in the 70's. Intriguing ideas. Anyway, best of luck.

"Live well and prosper." (Spock)

 

[retread]

I thought so. I read the whole series in the 70's. Intriguing ideas. Anyway, best of luck.

"Live well and prosper." (Spock)

That wouldn't be Benjamin Spock, would it?

... "Beam me up, Scotty. There's no intelligent life here." (Kirk)

 

[HomeService]

Yes, it looks like they are talking about controlled business. I used to live in NY and that was on the test there as well, but here in TX, they do not mention it much in the state exams- hardly at all. I think certain states are more concerned with it than other states.

 

[Nawlinsguy]

That wouldn't be Benjamin Spock, would it?

... "Beam me up, Scotty. There's no intelligent life here." (Kirk)

"Please Captain, not in front of the Klingons." (Spock)