senate Bill S7634A

2017-2018 Legislative Session

Relates to licensing requirements for insurance agents

download bill text pdf

Sponsored By

Current Bill Status Via A9527 - Passed Senate & Assembly


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

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Actions

view actions (11)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jun 18, 2018 returned to assembly
passed senate
3rd reading cal.1052
substituted for s7634a
Jun 18, 2018 substituted by a9527a
May 09, 2018 advanced to third reading
May 08, 2018 2nd report cal.
May 07, 2018 1st report cal.1052
Apr 06, 2018 print number 7634a
Apr 06, 2018 amend and recommit to insurance
Feb 01, 2018 referred to insurance

S7634 - Details

See Assembly Version of this Bill:
A9527A
Law Section:
Insurance Law
Laws Affected:
Amd §2103, Ins L

S7634 - Summary

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

S7634 - Sponsor Memo

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.
  S 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

view additional co-sponsors

S7634A (ACTIVE) - Details

See Assembly Version of this Bill:
A9527A
Law Section:
Insurance Law
Laws Affected:
Amd §2103, Ins L

S7634A (ACTIVE) - Summary

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

S7634A (ACTIVE) - Sponsor Memo

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.
  S 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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