S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   7972
 
                             I N  S E N A T E
 
                               March 5, 2020
                                ___________
 
 Introduced  by  Sen. BRESLIN -- read twice and ordered printed, and when
   printed to be committed to the Committee on Insurance
 
 AN ACT to amend the insurance  law,  in  relation  to  the  granting  of
   continuing  education  credits  by  the  superintendent  of  financial
   services
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  Subsection  (c)  of  section 2132 of the insurance law is
 amended by adding a new paragraph 4 to read as follows:
   (4) THE SUPERINTENDENT SHALL GRANT THREE CREDIT HOURS FOR A LICENSEES'
 ACTIVE MEMBERSHIP IN A STATEWIDE PROFESSIONAL INSURANCE PRODUCER ASSOCI-
 ATION, PER BIENNIAL PERIOD.
   (A) FOR THE PURPOSE  OF  THIS  PARAGRAPH,  A  "STATEWIDE  PROFESSIONAL
 INSURANCE  PRODUCER ASSOCIATION" SHALL BE DEFINED AS AN ASSOCIATION THAT
 HAS BEEN IN EXISTENCE FOR AT LEAST TEN YEARS, WHICH DERIVES ITS  MEMBER-
 SHIP  FROM  AMONGST  THOSE  PERSONS  THAT  HAVE BEEN ISSUED AN INSURANCE
 PRODUCER'S LICENSE BY THE SUPERINTENDENT, AND WHICH IS DEDICATED TO  THE
 PROMOTION  OF  THE INTEGRITY, TRUST, PROFESSIONALISM AND BUSINESS INTER-
 ESTS OF ITS MEMBERSHIP THROUGH EDUCATION, ADVOCACY,  SOCIAL  INTERACTION
 AND  THE  DEVELOPMENT OF ETHICAL AND SOUND BUSINESS PRACTICES INCLUDING,
 BUT NOT LIMITED TO, A PROFESSIONAL PUBLICATION OR JOURNAL THAT IS ISSUED
 NOT LESS THAN FOUR TIMES A YEAR; ISSUANCE OF NOT LESS THAN SIX  GUIDANCE
 OR  FACT-BASED  POLICY  STATEMENTS  OR INSTRUCTIONAL MEMORANDA ON TOPICS
 PERTAINING TO PROFESSIONAL  PRACTICE,  CUSTOMER  SERVICE,  ETHICS  OR  A
 SUBSTANTIVE  ISSUE;  OR DISTRIBUTION OF NOT LESS THAN TWELVE SUCH STATE-
 MENTS OR MEMORANDA PRODUCED BY ANOTHER ORGANIZATION.
   (B) FOR THE PURPOSE OF THIS PARAGRAPH, 'ACTIVE MEMBERSHIP' MEANS:  (I)
 CERTIFICATION  BY THE LICENSEE TO THE SUPERINTENDENT THAT THE MEMBER WAS
 IN GOOD STANDING WITH DUES PAID IN FULL FOR THE PREVIOUS BIENNIAL  PERI-
 OD;  (II)  CERTIFICATION  TO THE SUPERINTENDENT BY THE LICENSEE THAT THE
 MEMBER HAS READ THE PROFESSIONAL INSURANCE PRODUCER  ASSOCIATION'S  CODE
 OF ETHICS; AND (III) CERTIFICATION TO THE SUPERINTENDENT BY THE LICENSEE
 THAT  THE LICENSEE HAS ATTENDED AT LEAST ONE COURSE, PROGRAM OF INSTRUC-
 TION OR SEMINAR THAT MEETS THE REQUIREMENTS OF THIS SECTION SPONSORED BY
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
              

                       [ ] is old law to be omitted.
                                                            LBD09479-02-0

 S. 7972                             2

 THE PROFESSIONAL INSURANCE PRODUCER ASSOCIATION  EACH  YEAR  DURING  THE
 PREVIOUS BIENNIAL PERIOD.
   (C)  THE  PROFESSIONAL  INSURANCE PRODUCER ASSOCIATION SHALL FILE WITH
 THE SUPERINTENDENT ANNUALLY, BY JANUARY  THIRTY-FIRST,  A  LIST  OF  ALL
 MEMBERS  IN  GOOD  STANDING  FOR  THE PREVIOUS YEAR, THE CURRENT CODE OF
 ETHICS, AND ANY OTHER INFORMATION THAT THE SUPERINTENDENT SHALL  REQUIRE
 IN ORDER TO IMPLEMENT THE PROVISIONS OF THIS PARAGRAPH.
   § 2. This act shall take effect immediately.