assembly Bill A5922

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 Via S4365 - 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 18, 2019 substituted by s4365
Jun 17, 2019 ordered to third reading rules cal.359
rules report cal.359
reported
Jun 13, 2019 reported referred to rules
Jun 05, 2019 reported referred to codes
Feb 20, 2019 referred to insurance

Co-Sponsors

A5922 (ACTIVE) - Details

See Senate Version of this Bill:
S4365
Law Section:
Insurance Law
Laws Affected:
Amd §2132, Ins L
Versions Introduced in 2017-2018 Legislative Session:
A7012, S3960

A5922 (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.

A5922 (ACTIVE) - Bill Text download pdf


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

                                  5922

                       2019-2020 Regular Sessions

                          I N  A S S E M B L Y

                            February 20, 2019
                               ___________

Introduced by M. of A. HUNTER -- read once and referred 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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