|
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 |
Senate Bill S2704
Signed By Governor2011-2012 Legislative Session
Sponsored By
(R, C, IP, RFM) Senate District
Archive: Last Bill Status - 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
Actions
Votes
Bill Amendments
2011-S2704 - Details
- See Assembly Version of this Bill:
- A6435
- Law Section:
- Insurance Law
- Laws Affected:
- Amd §§2103 & 2132, Ins L
2011-S2704 - Sponsor Memo
BILL NUMBER:S2704
TITLE OF BILL:
An act
to amend the insurance law, in relation to license terms of new
applicants
PURPOSE:
To allow the Superintendent of Insurance to issue licenses to
new applicants for a term longer than twenty-four months.
SUMMARY OF PROVISIONS:
Section 1 allows the Superintendent of
Insurance to issue licenses to new applicants for a term longer than
twenty-four months, but not to exceed a term of thirty months. The
fee for such additional months would be the licensing fee prorated
for the additional months of such license term. Section 2 clarifies
that continuing education requirements are required after the full
biennial licensing period as is currently the practice by the New
York State Department of Insurance. Section 3 provides that the bill
takes effect immediately.
JUSTIFICATION:
Licenses for insurance agents expire on an insurance
agent's birth date every other year. The licenses are issued for a
term of twenty-four months. When an agent makes an initial
2011-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
2011-S2704A (ACTIVE) - Details
- See Assembly Version of this Bill:
- A6435
- Law Section:
- Insurance Law
- Laws Affected:
- Amd §§2103 & 2132, Ins L
2011-S2704A (ACTIVE) - Sponsor Memo
BILL NUMBER:S2704A
TITLE OF BILL:
An act
to amend the insurance law, in relation to license terms of new
applicants
PURPOSE:
To allow the Superintendent of Insurance to issue licenses to
new applicants for a term longer than twenty-four months.
SUMMARY OF PROVISIONS:
Amends sections 2103, 2104, 2105, 2107 and 2108 of
the insurance law to allow the Superintendent of Insurance to issue
licenses to new applicants for a term longer than twenty-four months,
but not to exceed a term of thirty months.
JUSTIFICATION:
Licenses for insurance agents expire on an insurance
agent's birth date every other year. The licenses are issued for a
term of twenty-four months. When an agent makes an initial
application, however, the term is much shorter if the agent's date of
birth is shortly following the initial application. Currently, there
is no provision in the law that allows for an extended period of time
for a license to be issued to an initial applicant. The result is
applicants must apply and obtain a new license immediately following
2011-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.
Comments
Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.
Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.
Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.