Assembly Bill A3548

2021-2022 Legislative Session

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

download bill text pdf

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Archive: Last Bill Status - In Assembly Committee


  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2021-A3548 (ACTIVE) - Details

See Senate Version of this Bill:
S3576
Current Committee:
Assembly Insurance
Law Section:
Insurance Law
Laws Affected:
Amd §2132, Ins L
Versions Introduced in Other Legislative Sessions:
2017-2018: A7012, S3960
2019-2020: A5922, A9976, S4365, S7972
2023-2024: A3210, S2815

2021-A3548 (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.

2021-A3548 (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   3548
 
                        2021-2022 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 27, 2021
                                ___________
 
 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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