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Assembly Bill A10378

2015-2016 Legislative Session

Relates to continuing education for agents, brokers, adjusters, consultants and intermediaries

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Archive: Last Bill Status - In Assembly Committee

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2015-A10378 (ACTIVE) - Details

See Senate Version of this Bill:
S7940
Current Committee:
Assembly Codes
Law Section:
Insurance Law
Laws Affected:
Amd ยง2132, Ins L
Versions Introduced in 2017-2018 Legislative Session:
A117, S1314

2015-A10378 (ACTIVE) - Summary

Exempts from certain provisions certain business entity licenses where it can be demonstrated that all sublicenses have adequate continuing education credits to support their individual licenses in effect at the date of renewal.

2015-A10378 (ACTIVE) - Bill Text download pdf 

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

                                  10378

                          I N  A S S E M B L Y

                              May 25, 2016
                               ___________

Introduced by M. of A. CAHILL -- read once and referred to the Committee
  on Insurance

AN  ACT  to amend the insurance law, in relation to continuing education
  for agents, brokers, adjusters, consultants and intermediaries

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

  Section  1.  Subsection  (b)  of section 2132 of the insurance law, as
amended by section 13 of part V of chapter 57 of the laws  of  2014,  is
amended to read as follows:
  (b) This section shall not apply to:
  (1)  those  persons  holding  licenses for which an examination is not
required by the laws of this state;
  (2) any limited licensees or any other licensees as the superintendent
may exempt subject  to  any  continuing  education  requirements  deemed
appropriate by the superintendent;
  (3) ANY BUSINESS ENTITY LICENSES WHERE IT CAN BE DEMONSTRATED THAT ALL
SUBLICENSES  HAVE ADEQUATE CONTINUING EDUCATION CREDITS TO SUPPORT THEIR
INDIVIDUAL LICENSES IN EFFECT AT THE DATE OF RENEWAL;
  (4) for purposes of the continuing  education  requirements  for  life
settlements,  an insurance producer with a life line of authority who is
acting as a life settlement broker pursuant to section two thousand  one
hundred thirty-seven of this article; or
  [(4)] (5) for purposes of a title insurance agent license, an attorney
licensed  to  practice law in this state, provided that such attorney is
in good standing with the New York state office of court administration.
  S 2. This act shall take effect immediately.



 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD15550-01-6

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