Senate Bill S7634A

Signed By Governor
2017-2018 Legislative Session

Relates to licensing requirements for insurance agents

download bill text pdf

Sponsored By

Archive: Last Bill Status Via A9527 - 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

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Bill Amendments

2017-S7634 - Details

See Assembly Version of this Bill:
A9527
Law Section:
Insurance Law
Laws Affected:
Amd §2103, Ins L

2017-S7634 - Summary

Allows an individual to substitute correspondence work for classroom work when applying for an insurance agent license.

2017-S7634 - Sponsor Memo

2017-S7634 - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   7634
 
                             I N  S E N A T E
 
                             February 1, 2018
                                ___________
 
 Introduced by Sen. MARCHIONE -- 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 licensing requirements
   for insurance agents
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:

   Section 1. Subparagraph (B)  of  paragraph  2  of  subsection  (f)  of
 section 2103 of the insurance law, as amended by chapter 687 of the laws
 of 2003, is amended to read as follows:
   (B)  For  individuals  seeking  to  qualify  to obtain a license under
 subsection (b) of this section, not more than six types of examinations,
 each adapted to test the qualifications of an individual with respect to
 the kinds of insurance business specified in such classification.  Every
 such  individual shall be required to pass the type or types of examina-
 tion prescribed by the superintendent for the line or lines of authority
 for which the license is sought. No individual shall be deemed qualified
 to take the examination unless he shall have  successfully  completed  a
 course  or courses, approved as to method and content by the superinten-
 dent, covering the principal branches  of  the  insurance  business  and
 requiring not less than ninety hours of classroom work OR THE EQUIVALENT
 IN  CORRESPONDENCE  WORK  OR  A  SIMILAR INSTITUTION, in institutions of
 learning meeting the standards prescribed by paragraph one of subsection
 (a) of section two thousand one hundred four of this article;  provided,
 however,  with respect to a license issued pursuant to subsection (b) of
 this section for a personal line of authority, there shall  be  required
 not  less  than  forty hours of such classroom work OR THE EQUIVALENT IN
 CORRESPONDENCE WORK OR A SIMILAR INSTITUTION.
   § 2. This act shall take effect immediately.
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD13792-01-7

co-Sponsors

2017-S7634A (ACTIVE) - Details

See Assembly Version of this Bill:
A9527
Law Section:
Insurance Law
Laws Affected:
Amd §2103, Ins L

2017-S7634A (ACTIVE) - Summary

Allows an individual to substitute correspondence work for classroom work when applying for an insurance agent license.

2017-S7634A (ACTIVE) - Sponsor Memo

2017-S7634A (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  7634--A
 
                             I N  S E N A T E
 
                             February 1, 2018
                                ___________
 
 Introduced by Sen. MARCHIONE -- read twice and ordered printed, and when
   printed  to  be  committed  to the Committee on Insurance -- committee
   discharged, bill amended, ordered reprinted as amended and recommitted
   to said committee
 
 AN ACT to amend the insurance law, in relation to licensing requirements
   for insurance agents

   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  Subparagraph  (B)  of  paragraph  2  of subsection (f) of
 section 2103 of the insurance law, as amended by chapter 687 of the laws
 of 2003, is amended to read as follows:
   (B) For individuals seeking to  qualify  to  obtain  a  license  under
 subsection (b) of this section, not more than six types of examinations,
 each adapted to test the qualifications of an individual with respect to
 the  kinds of insurance business specified in such classification. Every
 such individual shall be required to pass the type or types of  examina-
 tion prescribed by the superintendent for the line or lines of authority
 for which the license is sought. No individual shall be deemed qualified
 to  take  the  examination unless he shall have successfully completed a
 course or courses, approved as to method and content by the  superinten-
 dent,  covering  the  principal  branches  of the insurance business and
 requiring not less than ninety hours of classroom work OR THE EQUIVALENT
 IN CORRESPONDENCE WORK, A COURSE OFFERED OVER THE INTERNET OR A  SIMILAR
 INSTITUTION,   in   institutions   of  learning  meeting  the  standards
 prescribed by paragraph one of subsection (a) of  section  two  thousand
 one  hundred  four of this article; provided, however, with respect to a
 license issued pursuant to subsection (b) of this section for a personal
 line of authority, there shall be required not less than forty hours  of
 such  classroom  work OR THE EQUIVALENT IN CORRESPONDENCE WORK, A COURSE
 OFFERED OVER THE INTERNET OR A SIMILAR INSTITUTION.
   § 2. This act shall take effect immediately.
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD13792-02-8

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