S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   2039
 
                        2019-2020 Regular Sessions
 
                             I N  S E N A T E
 
                             January 18, 2019
                                ___________
 
 Introduced  by  Sen.  SEWARD -- read twice and ordered printed, and when
   printed to be committed to the Committee on Rules
 
 AN ACT to amend the insurance law and a chapter  of  the  laws  of  2018
   amending the insurance law relating to business entity license renewal
   dates,  as  proposed  in  legislative  bills  numbers S. 6445-A and A.
   8484-A, in relation to  registration  fees  and  continuing  education
   requirements for license renewal
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Paragraph 2 of subsection (j) of section 2103 of the insur-
 ance law, as amended by a chapter of  the  laws  of  2018  amending  the
 insurance  law  relating  to  business  entity license renewal dates, as
 proposed in legislative bills  numbers  S.  6445-A  and  A.  8484-A,  is
 amended to read as follows:
   (2)  Every  license issued to a business entity pursuant to subsection
 (a) of this section shall expire  on  June  thirtieth  of  odd  numbered
 years.  Every license issued to a business entity pursuant to subsection
 (b)  of  this  section  shall  expire  on June thirtieth of odd numbered
 years. On and after January first, two  thousand  seven,  every  license
 issued  pursuant  to this section to an individual, and every license in
 effect prior to January first, two thousand seven that was issued pursu-
 ant to this section to an individual, who was born in  an  odd  numbered
 year,  shall  expire  on  the individual's birthday in each odd numbered
 year. On and after January first,  two  thousand  seven,  every  license
 issued  pursuant  to this section to an individual, and every license in
 effect prior to January first, two thousand seven that was issued pursu-
 ant to this section to an individual, who was born in an  even  numbered
 year,  shall  expire  on the individual's birthday in each even numbered
 year.  Every such license may be renewed for the ensuing period of twen-
 ty-four months upon the filing of an application in conformity with this
 subsection.  The superintendent may issue such rules and regulations  as
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

                                                            LBD07040-01-9

 S. 2039                             2
 
 the  superintendent  deems  necessary  to  implement  the  terms of this
 subsection INCLUDING REGULATIONS PROVIDING THAT, PRIOR  TO  JULY  FIRST,
 TWO  THOUSAND  TWENTY-THREE, THE REGISTRATION FEES AND CONTINUING EDUCA-
 TION  REQUIREMENTS  FOR  THE RENEWAL OF ANY LICENSE ISSUED TO A BUSINESS
 ENTITY PURSUANT TO THIS SUBSECTION FOR A PERIOD THAT IS MORE THAN  TWEN-
 TY-FOUR MONTHS MAY BE INCREASED IN PROPORTION TO THE LENGTH OF THE PERI-
 OD OF LICENSURE.
   §  2.  Paragraph  1 of subsection (g) of section 2104 of the insurance
 law, as amended by a chapter of the laws of 2018 amending the  insurance
 law  relating  to  business entity license renewal dates, as proposed in
 legislative bills numbers S. 6445-A and A. 8484-A, is amended to read as
 follows:
   (1) Every insurance broker's license issued pursuant to  this  section
 to  a  business entity shall be for a term expiring on the thirtieth day
 of June of odd-numbered years.  On and after January first, two thousand
 seven, every license issued pursuant to this section to  an  individual,
 and  every  license in effect prior to January first, two thousand seven
 that was issued pursuant to this section to an individual, who was  born
 in  an  odd  numbered year, shall expire on the individual's birthday in
 each odd numbered year. On and after January first, two thousand  seven,
 every  license  issued  pursuant  to  this section to an individual, and
 every license in effect prior to January first, two thousand seven  that
 was issued pursuant to this section to an individual, who was born in an
 even  numbered  year,  shall expire on the individual's birthday in each
 even numbered year. Every such license may be renewed  for  the  ensuing
 period  of  twenty-four  months  upon  the  filing  of an application in
 conformity with this section. In the case of a license issued to  a  new
 applicant,  the  superintendent  may  issue a license for a term of more
 than two years, provided however, such  term  shall  not  exceed  thirty
 months.  The  superintendent may issue such rules and regulations as the
 superintendent deems necessary to implement the terms of this subsection
 INCLUDING REGULATIONS PROVIDING THAT, PRIOR TO JULY FIRST, TWO  THOUSAND
 TWENTY-THREE,  THE  REGISTRATION  FEES AND CONTINUING EDUCATION REQUIRE-
 MENTS FOR THE RENEWAL OF ANY LICENSE ISSUED TO A BUSINESS ENTITY  PURSU-
 ANT TO THIS SUBSECTION FOR A PERIOD THAT IS MORE THAN TWENTY-FOUR MONTHS
 MAY BE INCREASED IN PROPORTION TO THE LENGTH OF THE PERIOD OF LICENSURE.
   § 3. Section 3 of a chapter of the laws of 2018 amending the insurance
 law  relating  to  business entity license renewal dates, as proposed in
 legislative bills numbers S. 6445-A and A. 8484-A, is amended to read as
 follows:
   § 3. This act shall take effect on  July  1,  [2019]  2021;  effective
 immediately,  the  superintendent of financial services shall promulgate
 any rules and regulations necessary for the implementation of  this  act
 on or before such effective date.
   §  4.  This  act  shall  take  effect on the same date and in the same
 manner as a chapter of the laws  of  2018  amending  the  insurance  law
 relating to business entity license renewal dates, as proposed in legis-
 lative bills numbers S. 6445-A and A. 8484-A, takes effect.