senate Bill S1314A

Signed By Governor
2017-2018 Legislative Session

Relates to continuing education for agents, brokers, and adjusters

download bill text pdf

Sponsored By

Archive: Last Bill Status Via A117 - 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 (12)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Sep 12, 2017 signed chap.274
Aug 31, 2017 delivered to governor
Jun 19, 2017 returned to assembly
passed senate
3rd reading cal.430
substituted for s1314a
Jun 19, 2017 substituted by a117a
May 17, 2017 amended on third reading (t) 1314a
Mar 22, 2017 advanced to third reading
Mar 21, 2017 2nd report cal.
Mar 20, 2017 1st report cal.430
Jan 09, 2017 referred to insurance

S1314 - Details

See Assembly Version of this Bill:
A117
Law Section:
Insurance Law
Laws Affected:
Amd §2132, Ins L
Versions Introduced in 2015-2016 Legislative Session:
S7940, A10378

S1314 - Summary

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

S1314 - Sponsor Memo

S1314 - Bill Text download pdf


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

                                  1314

                       2017-2018 Regular Sessions

                            I N  S E N A T E

                             January 9, 2017
                               ___________

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  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.
  § 2. This act shall take effect immediately.


 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD01663-01-7

Co-Sponsors

S1314A (ACTIVE) - Details

See Assembly Version of this Bill:
A117
Law Section:
Insurance Law
Laws Affected:
Amd §2132, Ins L
Versions Introduced in 2015-2016 Legislative Session:
S7940, A10378

S1314A (ACTIVE) - Summary

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

S1314A (ACTIVE) - Sponsor Memo

S1314A (ACTIVE) - Bill Text download pdf


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

                                 1314--A
    Cal. No. 430

                       2017-2018 Regular Sessions

                            I N  S E N A T E

                             January 9, 2017
                               ___________

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 continuing education
  for agents, brokers, and adjusters

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

  Section  1.  Section  2132 of the insurance law is amended by adding a
new subsection (k) to read as follows:
  (K)(1) FOR ANY BIENNIAL  LICENSING  PERIOD,  A  FIRM,  ASSOCIATION  OR
CORPORATION  THAT  IS A LICENSEE SUBJECT TO THIS SECTION SHALL BE DEEMED
TO SATISFY THE CONTINUING EDUCATION REQUIREMENTS IN  THIS  SECTION  WITH
RESPECT  TO  THAT  LICENSE PROVIDED THAT, AS OF THE DATE OF THE BIENNIAL
RENEWAL DATE OF THE LICENSEE'S LICENSE, EVERY SUB-LICENSEE OF THE LICEN-
SEE EITHER:
  (I) SATISFIES THE CONTINUING EDUCATION REQUIREMENTS IN SUBSECTION  (C)
OF THIS SECTION; OR
  (II)  HAS AN INDIVIDUAL LICENSE UNDER THIS ARTICLE WITH THE SAME LINES
OF AUTHORITY FOR WHICH THE INDIVIDUAL IS A SUBLICENSEE OF THE LICENSEE.
  (2) THE SUPERINTENDENT MAY ISSUE SUCH RULES  AND  REGULATIONS  AS  THE
SUPERINTENDENT   DEEMS   NECESSARY   TO  IMPLEMENT  THE  TERMS  OF  THIS
SUBSECTION.
  § 2. This act shall take effect December 1, 2018,  provided,  however,
that the superintendent of financial services shall promulgate any rules
and  regulations  necessary  for  the  implementation  of this act on or
before such effective date.


 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD01663-03-7

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