senate Bill S3960

2017-2018 Legislative Session

Relates to the granting of continuing education credits by the superintendent of financial services

download bill text pdf

Sponsored By

Current Bill Status - Passed Senate


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

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Actions

view actions (16)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Mar 27, 2018 referred to insurance
delivered to assembly
passed senate
Feb 27, 2018 advanced to third reading
Feb 13, 2018 2nd report cal.
Feb 12, 2018 1st report cal.442
Jan 03, 2018 referred to insurance
returned to senate
died in assembly
Jun 21, 2017 referred to insurance
delivered to assembly
passed senate
May 24, 2017 advanced to third reading
May 23, 2017 2nd report cal.
May 22, 2017 1st report cal.993
Jan 31, 2017 referred to insurance

Votes

view votes

Feb 12, 2018 - Insurance committee Vote

S3960
18
0
committee
18
Aye
0
Nay
1
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show Insurance committee vote details

May 22, 2017 - Insurance committee Vote

S3960
15
0
committee
15
Aye
0
Nay
3
Aye with Reservations
0
Absent
1
Excused
0
Abstained
show Insurance committee vote details

Insurance Committee Vote: May 22, 2017

aye wr (3)
excused (1)

Co-Sponsors

S3960 - Details

Law Section:
Insurance Law
Laws Affected:
Amd ยง2132, Ins L

S3960 - Summary

Relates to authorizing the superintendent of financial services to grant six credit hours of continuing education for a licensee's active membership in a statewide professional insurance producer association.

S3960 - Sponsor Memo

S3960 - Bill Text download pdf

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

                                  3960

                       2017-2018 Regular Sessions

                            I N  S E N A T E

                            January 31, 2017
                               ___________

Introduced  by  Sens.  SEWARD, ROBACH -- 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  the  granting  of
  continuing  education  credits  by  the  superintendent  of  financial
  services

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

  Section  1.  Subsection  (c)  of  section 2132 of the insurance law is
amended by adding a new paragraph 4 to read as follows:
  (4) THE SUPERINTENDENT SHALL GRANT SIX CREDIT HOURS FOR  A  LICENSEES'
ACTIVE MEMBERSHIP IN A STATEWIDE PROFESSIONAL INSURANCE PRODUCER ASSOCI-
ATION, PER BIENNIAL PERIOD.
  (A)  FOR  THE  PURPOSE  OF  THIS  PARAGRAPH, A "STATEWIDE PROFESSIONAL
INSURANCE PRODUCER ASSOCIATION" SHALL BE DEFINED AS AN ASSOCIATION  THAT
HAS  BEEN IN EXISTENCE FOR AT LEAST TEN YEARS, WHICH DERIVES ITS MEMBER-
SHIP FROM AMONGST THOSE PERSONS  THAT  HAVE  BEEN  ISSUED  AN  INSURANCE
PRODUCER'S  LICENSE BY THE SUPERINTENDENT, AND WHICH IS DEDICATED TO THE
PROMOTION OF THE INTEGRITY, TRUST, PROFESSIONALISM AND  BUSINESS  INTER-
ESTS  OF  ITS MEMBERSHIP THROUGH EDUCATION, ADVOCACY, SOCIAL INTERACTION
AND THE DEVELOPMENT OF ETHICAL AND SOUND BUSINESS PRACTICES.
  (B) FOR THE PURPOSE OF THIS PARAGRAPH, 'ACTIVE MEMBERSHIP' MEANS:  (I)
CERTIFICATION  BY THE LICENSEE TO THE SUPERINTENDENT THAT THE MEMBER WAS
IN GOOD STANDING WITH DUES PAID IN FULL FOR THE PREVIOUS BIENNIAL  PERI-
OD;  (II)  CERTIFICATION  TO THE SUPERINTENDENT BY THE LICENSEE THAT THE
MEMBER HAS READ THE PROFESSIONAL INSURANCE PRODUCER  ASSOCIATION'S  CODE
OF ETHICS; AND (III) CERTIFICATION TO THE SUPERINTENDENT BY THE LICENSEE
THAT THE LICENSEE HAS ATTENDED AT LEAST ONE EDUCATIONAL MEETING, PRESEN-
TATION  OR  CONFERENCE  SPONSORED BY THE PROFESSIONAL INSURANCE PRODUCER
ASSOCIATION EACH YEAR DURING THE PREVIOUS BIENNIAL PERIOD.
  (C) THE PROFESSIONAL INSURANCE PRODUCER ASSOCIATION  SHALL  FILE  WITH
THE  SUPERINTENDENT  ANNUALLY,  BY  JANUARY  THIRTY-FIRST, A LIST OF ALL

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD08253-01-7

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