S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   3548
 
                        2021-2022 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 27, 2021
                                ___________
 
 Introduced by M. of A. HUNTER -- read once and referred 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
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

                                                            LBD05940-01-1

 A. 3548                             2
 
 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
 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.