* § 1033. Registration process. 1. Except as otherwise provided in
this section, a model management company required to be registered under
this article shall provide the department with information required by
the department on forms that the department specifies.

2. Two or more model management companies that are majority owned by
the same ultimate parent, entity or persons may be registered as a model
management group. A model management group may satisfy any reporting and
financial requirements of this article on a consolidated basis. As a
condition of registration as a model management group, each company that
is a member of the group shall guarantee payment of all financial
obligations of each other member. At a minimum, a model management
company or model management group shall provide the following
information:

(a) all names under which it conducts business;

(b) the address of the principal place of business of the model
management company or model management group and the address of each
office it maintains in New York state;

(c) the model management company or model management group's taxpayer
or employer identification number;

(d) a list by jurisdiction of each name under which the model
management company or model management group has operated in the
preceding five years, including any alternative names, names of
predecessors and, if known, successor business entities; and

(e) in the event the model management company or the ultimate parent
of a model management group is a privately or closely held company, the
model management company or model management group shall file a list of
all persons or entities that beneficially own a five percent or greater
interest in the model management company at the time of application and
a list of persons who formerly beneficially owned a five percent or
greater interest in the model management company or its predecessors in
the preceding five years. In the event the model management company or
the ultimate parent of a model management group is a publicly traded
company, the model management company or model management group shall
file a list of all persons or entities that beneficially own a fifty
percent or greater interest in the model management company or the
ultimate parent of the model management group at the time of
application.

3. Each model management company or model management group operating
within this state shall complete its initial registration within one
year after the effective date of this article.

4. Upon application for registration, a model management company or
model management group with more than five employees that either work
from a location in this state or perform work relating to models in this
state shall deposit with the department a surety bond in the sum of
fifty thousand dollars.

5. Every model management company or model management group registered
pursuant to the provisions of this article shall pay to the commissioner
a registration fee before the certificate of registration is issued. The
registration fee for a model management company or model management
group operating with five or less employees shall be five hundred
dollars, and for a model management company or model management group
operating with more than five employees, the registration fee shall be
seven hundred dollars. If the application for registration is denied or
withdrawn, one-half of the registration fee provided herein shall be
returned to the applicant.

6. A model management company shall be exempt from the registration
requirements specified in this section if such model management company:

(a) submits a properly executed request for an exemption from
registration on a form provided by the department;

(b) is domiciled outside this state and is licensed or registered as a
model management company in another state that has the same or greater
requirements as this article; and

(c) does not maintain an office in this state or solicit in any manner
clients located or domiciled within this state.

7. The registration or exemption from registration of a model
management company shall be valid for two years; the department shall
also establish a registration renewal process.

8. The department shall maintain a list of model management companies
registered under this article and shall issue a certificate of
registration to each model management company duly registered.

9. The department shall prescribe forms necessary to promote the
efficient administration of this section.

* NB Effective June 19, 2025