senate Bill S4365

Vetoed By Governor
2019-2020 Legislative Session

Relates to the granting of continuing education credits by the superintendent of financial services

download bill text pdf

Sponsored By

Current Bill Status - Vetoed by Governor


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

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Actions

view actions (13)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Nov 25, 2019 vetoed memo.162
Nov 19, 2019 delivered to governor
Jun 18, 2019 returned to senate
passed assembly
ordered to third reading rules cal.359
substituted for a5922
Jun 04, 2019 referred to insurance
delivered to assembly
passed senate
May 15, 2019 advanced to third reading
May 14, 2019 2nd report cal.
May 13, 2019 1st report cal.667
Mar 11, 2019 referred to insurance

Co-Sponsors

S4365 (ACTIVE) - Details

See Assembly Version of this Bill:
A5922
Law Section:
Insurance Law
Laws Affected:
Amd §2132, Ins L
Versions Introduced in 2017-2018 Legislative Session:
S3960, A7012

S4365 (ACTIVE) - Summary

Relates to authorizing the superintendent of financial services to grant three credit hours of continuing education for a licensees' active membership in a statewide professional insurance producer association.

S4365 (ACTIVE) - Sponsor Memo

S4365 (ACTIVE) - Bill Text download pdf


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

                                  4365

                       2019-2020 Regular Sessions

                            I N  S E N A T E

                             March 11, 2019
                               ___________

Introduced  by  Sens. BRESLIN, BROOKS -- 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  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 THREE 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
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

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.

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