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 |
Senate Bill S1314A
Signed By Governor2017-2018 Legislative Session
Sponsored By
(R, C, IP, RFM) Senate District
Archive: Last Bill Status Via A117 - 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
2017-S1314 - Details
2017-S1314 - Sponsor Memo
BILL NUMBER: S1314 TITLE OF BILL : An act to amend the insurance law, in relation to continuing education for agents, brokers, adjusters, consultants and intermediaries PURPOSE : To eliminate the need for insurance agents and brokers to take duplicate continuing education courses for both their individual and agency insurance licenses. SUMMARY OF PROVISIONS : Section 1 of the bill amends § 2132(b) of the Insurance Law to add a new section 3 that allows for renewal of the business-entity license without evidence of continuing-education credits if all entity sublicensees have a valid and appropriate insurance license as of the entity license renewal date. JUSTIFICATION : Section 2132 of the New York State Insurance Law provides that a licensee must complete 15 credit hours of continuing education during each two-year licensing period. This applies to agent and broker
2017-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
(R, C) 60th Senate District
(R, C, IP) Senate District
(R, C) 44th Senate District
2017-S1314A (ACTIVE) - Details
2017-S1314A (ACTIVE) - Sponsor Memo
BILL NUMBER: S1314A TITLE OF BILL : An act to amend the insurance law, in relation to continuing education for agents, brokers, and adjusters PURPOSE : To eliminate the need for insurance agents and brokers to take duplicate continuing education courses for both their individual and agency insurance licenses. SUMMARY OF PROVISIONS : Section 1 of the bill amends § 2132 of the Insurance Law to add a new subsection (k) that allows for renewal of the business-entity license if each sublicensee either satisfies the continuing education requirements of the business entity license or has an individual license with the same lines of authority for which the individual is a sublicensee of the business entity licensee. Section 2 is the effective date. JUSTIFICATION : Section 2132 of the New York State Insurance Law provides that a licensee must complete 15 credit hours of continuing education during
2017-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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