senate Bill S2704A

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 - Signed by Governor


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

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Actions

view actions (23)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Aug 17, 2012 signed chap.442
Aug 06, 2012 delivered to governor
May 30, 2012 returned to senate
passed assembly
ordered to third reading cal.636
substituted for a6435a
Mar 12, 2012 referred to insurance
delivered to assembly
passed senate
Mar 07, 2012 advanced to third reading
Mar 06, 2012 2nd report cal.
Mar 05, 2012 1st report cal.279
Jan 04, 2012 referred to insurance
returned to senate
died in assembly
Jun 07, 2011 referred to insurance
delivered to assembly
passed senate
May 16, 2011 amended on third reading 2704a
Feb 28, 2011 advanced to third reading
Feb 15, 2011 2nd report cal.
Feb 14, 2011 1st report cal.88
Jan 28, 2011 referred to insurance

Votes

view votes

Mar 5, 2012 - Insurance committee Vote

S2704A
18
0
committee
18
Aye
0
Nay
0
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show Insurance committee vote details

Feb 14, 2011 - Insurance committee Vote

S2704
16
0
committee
16
Aye
0
Nay
2
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show committee vote details

Bill Amendments

Original
A (Active)
Original
A (Active)

S2704 - Details

See Assembly Version of this Bill:
A6435A
Law Section:
Insurance Law
Laws Affected:
Amd §§2103, 2104, 2105, 2107 & 2108, Ins L

S2704 - Summary

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

S2704 - Sponsor Memo

S2704 - Bill Text download pdf

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

                                  2704

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                            January 28, 2011
                               ___________

Introduced  by  Sen.  SEWARD -- 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 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

S2704A (ACTIVE) - Details

See Assembly Version of this Bill:
A6435A
Law Section:
Insurance Law
Laws Affected:
Amd §§2103, 2104, 2105, 2107 & 2108, Ins L

S2704A (ACTIVE) - Summary

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

S2704A (ACTIVE) - Sponsor Memo

S2704A (ACTIVE) - Bill Text download pdf

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

                                 2704--A
    Cal. No. 88

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                            January 28, 2011
                               ___________

Introduced  by  Sen.  SEWARD -- read twice and ordered printed, and when
  printed to be committed to the  Committee  on  Insurance  --  reported
  favorably  from  said  committee,  ordered to first and second report,
  ordered to a third reading, amended and ordered  reprinted,  retaining
  its place in the order of third reading

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-

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

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