Assembly Bill A6435

Signed By Governor
2011-2012 Legislative Session

Relates to license terms for new applicants for certain insurance licenses

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Archive: Last Bill Status Via S2704 - 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

2011-A6435 - Details

Law Section:
Insurance Law
Laws Affected:
Amd §§2103 & 2132, Ins L

2011-A6435 - Summary

Relates to license terms for new applicants for certain insurance licenses.

2011-A6435 - Bill Text download pdf 

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  6435

                       2011-2012 Regular Sessions

                          I N  A S S E M B L Y

                             March 16, 2011
                               ___________

Introduced  by M. of A. MORELLE -- read once and referred to the Commit-
  tee on Insurance

AN ACT to amend the insurance law, in relation to license terms  of  new
  applicants

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Paragraph 3 of subsection j of section 2103 of  the  insur-
ance  law,  as  added  by chapter 769 of the laws of 1984, is amended to
read as follows:
  (3) [Such licenses may be issued for all of such two year  terms,  or,
upon  application made during any such term, for the balance thereof] IN
THE CASE OF A LICENSE ISSUED TO A NEW APPLICANT, THE SUPERINTENDENT  MAY
ISSUE  A  LICENSE  FOR  A TERM OF MORE THAN TWO YEARS, PROVIDED HOWEVER,
SUCH TERM SHALL NOT EXCEED THIRTY MONTHS.
  S 2. Paragraph 1 of subsection c of section 2132 of the insurance law,
as added by chapter 656 of the laws of  1992,  is  amended  to  read  as
follows:
  (1)  Any  person holding a license issued pursuant to this article and
not exempt under subsection (b) of this section shall, during each  full
biennial  licensing  period, SUBSEQUENT TO THE INITIAL LICENSING PERIOD,
satisfactorily complete courses or programs  of  instruction  or  attend
seminars  as may be approved by the superintendent equivalent to fifteen
credit hours of instruction.
  S 3. This act shall take effect immediately.



 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD08793-01-1

2011-A6435A (ACTIVE) - Details

Law Section:
Insurance Law
Laws Affected:
Amd §§2103 & 2132, Ins L

2011-A6435A (ACTIVE) - Summary

Relates to license terms for new applicants for certain insurance licenses.

2011-A6435A (ACTIVE) - Bill Text download pdf 

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                 6435--A

                       2011-2012 Regular Sessions

                          I N  A S S E M B L Y

                             March 16, 2011
                               ___________

Introduced  by M. of A. MORELLE -- read once and referred to the Commit-
  tee on  Insurance  --  committee  discharged,  bill  amended,  ordered
  reprinted as amended and recommitted to said committee

AN  ACT  to amend the insurance law, in relation to license terms of new
  applicants

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section  1.  Paragraph 3 of subsection j of section 2103 of the insur-
ance law, as added by chapter 769 of the laws of  1984,  is  amended  to
read as follows:
  (3)  [Such  licenses may be issued for all of such two year terms, or,
upon application made during any such term, for the balance thereof]  IN
THE  CASE OF A LICENSE ISSUED TO A NEW APPLICANT, THE SUPERINTENDENT MAY
ISSUE A LICENSE FOR A TERM OF MORE THAN  TWO  YEARS,  PROVIDED  HOWEVER,
SUCH TERM SHALL NOT EXCEED THIRTY MONTHS.
  S 2. Paragraph 1 of subsection g of section 2104 of the insurance law,
as  amended by section 4 of part F of chapter 59 of the laws of 2005, is
amended to read as follows:
  (1) Every insurance broker's license issued pursuant to  this  section
to  a  business  entity shall be for a term expiring on the thirty-first
day of October of even-numbered years. On and after January  first,  two
thousand  seven,  every  license  issued  pursuant to this section to an
individual, and every license in effect  prior  to  January  first,  two
thousand  seven  that was issued pursuant to this section to an individ-
ual, who was born in an odd numbered year, shall expire on the  individ-
ual's  birthday  in  each odd numbered year. On and after January first,
two thousand seven, every license issued pursuant to this section to  an
individual,  and  every  license  in  effect prior to January first, two
thousand seven that was issued pursuant to this section to  an  individ-
ual, who was born in an even numbered year, shall expire on the individ-
ual's  birthday  in  each  even numbered year. Every such license may be
renewed for the ensuing period of twenty-four months upon the filing  of
an  application  in  conformity  with  this  section.   IN THE CASE OF A
LICENSE ISSUED TO A  NEW  APPLICANT,  THE  SUPERINTENDENT  MAY  ISSUE  A

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