S T A T E   O F   N E W   Y O R K
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                                  3960--A
     Cal. No. 442
 
                        2017-2018 Regular Sessions
 
                             I N  S E N A T E
 
                             January 31, 2017
                                ___________
 
 Introduced  by  Sens.  SEWARD, RITCHIE, ROBACH -- read twice and ordered
   printed, and when printed to be committed to the Committee  on  Insur-
   ance  --  recommitted to the Committee on Insurance in accordance with
   Senate Rule 6, sec. 8  --  reported  favorably  from  said  committee,
   ordered to first and second report, ordered to a third reading, passed
   by  Senate and delivered to the Assembly, recalled, vote reconsidered,
   restored to 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 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 INCLUDING,
 BUT NOT LIMITED TO, A PROFESSIONAL PUBLICATION OR JOURNAL THAT IS ISSUED
 NOT LESS THAN FOUR TIMES A YEAR; ISSUANCE OF NOT LESS THAN SIX  GUIDANCE
 OR  FACT-BASED  POLICY  STATEMENTS  OR INSTRUCTIONAL MEMORANDA ON TOPICS
 PERTAINING TO PROFESSIONAL  PRACTICE,  CUSTOMER  SERVICE,  ETHICS  OR  A
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

                                                            LBD08253-07-8

 S. 3960--A                          2
 
 SUBSTANTIVE  ISSUE;  OR DISTRIBUTION OF NOT LESS THAN TWELVE SUCH STATE-
 MENTS OR MEMORANDA PRODUCED BY ANOTHER ORGANIZATION.
   (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 COURSE, PROGRAM OF  INSTRUC-
 TION OR SEMINAR THAT MEETS THE REQUIREMENTS OF THIS SECTION 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
 MEMBERS IN GOOD STANDING FOR THE PREVIOUS  YEAR,  THE  CURRENT  CODE  OF
 ETHICS,  AND ANY OTHER INFORMATION THAT THE SUPERINTENDENT SHALL REQUIRE
 IN ORDER TO IMPLEMENT THE PROVISIONS OF THIS PARAGRAPH.
   § 2. This act shall take effect immediately.