assembly Bill A117A

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 - 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 (17)
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 13, 2017 referred to rules
delivered to senate
passed assembly
ordered to third reading rules cal.201
rules report cal.201
reported
Jun 07, 2017 reported referred to rules
Jun 06, 2017 reported referred to codes
May 18, 2017 print number 117a
May 18, 2017 amend (t) and recommit to insurance
Jan 04, 2017 referred to insurance

Co-Sponsors

A117 - Details

See Senate Version of this Bill:
S1314
Law Section:
Insurance Law
Laws Affected:
Amd §2132, Ins L
Versions Introduced in 2015-2016 Legislative Session:
A10378, S7940

A117 - 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.

A117 - Bill Text download pdf


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

                                   117

                       2017-2018 Regular Sessions

                          I N  A S S E M B L Y

                               (PREFILED)

                             January 4, 2017
                               ___________

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.
  § 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

Multi-Sponsors

A117A (ACTIVE) - Details

See Senate Version of this Bill:
S1314
Law Section:
Insurance Law
Laws Affected:
Amd §2132, Ins L
Versions Introduced in 2015-2016 Legislative Session:
A10378, S7940

A117A (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.

A117A (ACTIVE) - Bill Text download pdf


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

                                 117--A

                       2017-2018 Regular Sessions

                          I N  A S S E M B L Y

                               (PREFILED)

                             January 4, 2017
                               ___________

Introduced  by  M.  of  A.  CAHILL,  SKOUFIS,  DiPIETRO -- read once and
  referred to the Committee on Insurance -- committee  discharged,  bill
  amended,  ordered reprinted as amended and recommitted to said commit-
  tee

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.
                                                           LBD01663-02-7

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