Assembly Bill A117A

Signed By Governor
2017-2018 Legislative Session

Relates to continuing education for agents, brokers, and adjusters

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Sponsored By

Archive: Last Bill Status - Signed by Governor

  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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Bill Amendments

co-Sponsors

2017-A117 - Details

See Senate Version of this Bill:
S1314
Law Section:
Insurance Law
Laws Affected:
Amd §2132, Ins L
Versions Introduced in 2015-2016 Legislative Session:
A10378, S7940

2017-A117 - Summary

Exempts from certain provisions certain business entity licenses where it can be demonstrated that all sub-licensees have adequate continuing education credits to support their individual licenses in effect at the date of renewal.

2017-A117 - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                    117
 
                        2017-2018 Regular Sessions
 
                           I N  A S S E M B L Y
 
                                (PREFILED)
 
                              January 4, 2017
                                ___________
 
 Introduced by M. of A. CAHILL -- read once and referred to the Committee
   on Insurance
 
 AN  ACT  to amend the insurance law, in relation to continuing education
   for agents, brokers, adjusters, consultants and intermediaries

   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  Subsection  (b)  of section 2132 of the insurance law, as
 amended by section 13 of part V of chapter 57 of the laws  of  2014,  is
 amended to read as follows:
   (b) This section shall not apply to:
   (1)  those  persons  holding  licenses for which an examination is not
 required by the laws of this state;
   (2) any limited licensees or any other licensees as the superintendent
 may exempt subject  to  any  continuing  education  requirements  deemed
 appropriate by the superintendent;
   (3) ANY BUSINESS ENTITY LICENSES WHERE IT CAN BE DEMONSTRATED THAT ALL
 SUBLICENSES  HAVE ADEQUATE CONTINUING EDUCATION CREDITS TO SUPPORT THEIR
 INDIVIDUAL LICENSES IN EFFECT AT THE DATE OF RENEWAL;
   (4) for purposes of the continuing  education  requirements  for  life
 settlements,  an insurance producer with a life line of authority who is
 acting as a life settlement broker pursuant to section two thousand  one
 hundred thirty-seven of this article; or
   [(4)] (5) for purposes of a title insurance agent license, an attorney
 licensed  to  practice law in this state, provided that such attorney is
 in good standing with the New York state office of court administration.
   § 2. This act shall take effect immediately.
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD01663-01-7

co-Sponsors

multi-Sponsors

2017-A117A (ACTIVE) - Details

See Senate Version of this Bill:
S1314
Law Section:
Insurance Law
Laws Affected:
Amd §2132, Ins L
Versions Introduced in 2015-2016 Legislative Session:
A10378, S7940

2017-A117A (ACTIVE) - Summary

Exempts from certain provisions certain business entity licenses where it can be demonstrated that all sub-licensees have adequate continuing education credits to support their individual licenses in effect at the date of renewal.

2017-A117A (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  117--A
 
                        2017-2018 Regular Sessions
 
                           I N  A S S E M B L Y
 
                                (PREFILED)
 
                              January 4, 2017
                                ___________
 
 Introduced  by  M.  of  A.  CAHILL,  SKOUFIS,  DiPIETRO -- read once and
   referred to the Committee on Insurance -- committee  discharged,  bill
   amended,  ordered reprinted as amended and recommitted to said commit-
   tee
 
 AN ACT to amend the insurance law, in relation to  continuing  education
   for agents, brokers, and adjusters
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Section 2132 of the insurance law is amended  by  adding  a
 new subsection (k) to read as follows:
   (K)(1)  FOR  ANY  BIENNIAL  LICENSING  PERIOD,  A FIRM, ASSOCIATION OR
 CORPORATION THAT IS A LICENSEE SUBJECT TO THIS SECTION SHALL  BE  DEEMED
 TO  SATISFY  THE  CONTINUING EDUCATION REQUIREMENTS IN THIS SECTION WITH
 RESPECT TO THAT LICENSE PROVIDED THAT, AS OF THE DATE  OF  THE  BIENNIAL
 RENEWAL DATE OF THE LICENSEE'S LICENSE, EVERY SUB-LICENSEE OF THE LICEN-
 SEE EITHER:
   (I)  SATISFIES THE CONTINUING EDUCATION REQUIREMENTS IN SUBSECTION (C)
 OF THIS SECTION; OR
   (II) HAS AN INDIVIDUAL LICENSE UNDER THIS ARTICLE WITH THE SAME  LINES
 OF AUTHORITY FOR WHICH THE INDIVIDUAL IS A SUBLICENSEE OF THE LICENSEE.
   (2)  THE  SUPERINTENDENT  MAY  ISSUE SUCH RULES AND REGULATIONS AS THE
 SUPERINTENDENT  DEEMS  NECESSARY  TO  IMPLEMENT  THE   TERMS   OF   THIS
 SUBSECTION.
   §  2.  This act shall take effect December 1, 2018, provided, however,
 that the superintendent of financial services shall promulgate any rules
 and regulations necessary for the  implementation  of  this  act  on  or
 before such effective date.
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD01663-02-7

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