Assembly Bill A9527A

Signed By Governor
2017-2018 Legislative Session

Relates to licensing requirements for insurance agents

download bill text pdf

Sponsored By

Archive: Last Bill Status - 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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Actions
Votes

Bill Amendments

co-Sponsors

2017-A9527 - Details

See Senate Version of this Bill:
S7634
Law Section:
Insurance Law
Laws Affected:
Amd §2103, Ins L

2017-A9527 - Summary

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

2017-A9527 - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   9527
 
                           I N  A S S E M B L Y
 
                             January 19, 2018
                                ___________
 
 Introduced  by M. of A. WOERNER -- read once and referred to the Commit-
   tee 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-A9527A (ACTIVE) - Details

See Senate Version of this Bill:
S7634
Law Section:
Insurance Law
Laws Affected:
Amd §2103, Ins L

2017-A9527A (ACTIVE) - Summary

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

2017-A9527A (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  9527--A
 
                           I N  A S S E M B L Y
 
                             January 19, 2018
                                ___________
 
 Introduced  by  M.  of A. WOERNER, LUPARDO, HUNTER, MORELLE -- read once
   and referred 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.
                                                            LBD13792-03-8

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