S T A T E O F N E W Y O R K
________________________________________________________________________
2815
2023-2024 Regular Sessions
I N S E N A T E
January 24, 2023
___________
Introduced by Sen. BRESLIN -- 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.
LBD05322-01-3
S. 2815 2
OF ETHICS; AND (III) CERTIFICATION TO THE SUPERINTENDENT BY THE LICENSEE
THAT THE LICENSEE HAS ATTENDED AT LEAST ONE COURSE, PROGRAM OF INSTRUC-
TION OR SEMINAR THAT MEETS THE REQUIREMENTS OF THIS SECTION SPONSORED BY
THE PROFESSIONAL INSURANCE PRODUCER ASSOCIATION EACH YEAR DURING THE
PREVIOUS BIENNIAL PERIOD.
(C) THE PROFESSIONAL INSURANCE PRODUCER ASSOCIATION SHALL FILE WITH
THE SUPERINTENDENT ANNUALLY, BY JANUARY THIRTY-FIRST, A LIST OF ALL
MEMBERS IN GOOD STANDING FOR THE PREVIOUS YEAR, THE CURRENT CODE OF
ETHICS, AND ANY OTHER INFORMATION THAT THE SUPERINTENDENT SHALL REQUIRE
IN ORDER TO IMPLEMENT THE PROVISIONS OF THIS PARAGRAPH.
§ 2. This act shall take effect immediately.