Bill Text: NY A09527 | 2017-2018 | General Assembly | Amended

New York Assembly Bill 9527 (Prior Session Legislation)

Bill Title: Allows an individual to substitute correspondence work for classroom work when applying for an insurance agent license.

Spectrum: Partisan Bill (Democrat 6-0)

Status: (Passed) 2018-12-07 - signed chap.365 [A09527 Detail]

Download: New_York-2017-A09527-Amended.html



                STATE OF NEW YORK
        ________________________________________________________________________
                                         9527--A
                   IN ASSEMBLY
                                    January 19, 2018
                                       ___________
        Introduced  by  M.  of A. WOERNER, LUPARDO, HUNTER, MORELLE -- read once
          and referred to the Committee on Insurance  --  committee  discharged,
          bill  amended,  ordered  reprinted  as amended and recommitted to said
          committee
        AN ACT to amend the insurance law, in relation to licensing requirements
          for insurance agents
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
     1    Section  1.  Subparagraph  (B)  of  paragraph  2  of subsection (f) of
     2  section 2103 of the insurance law, as amended by chapter 687 of the laws
     3  of 2003, is amended to read as follows:
     4    (B) For individuals seeking to  qualify  to  obtain  a  license  under
     5  subsection (b) of this section, not more than six types of examinations,
     6  each adapted to test the qualifications of an individual with respect to
     7  the  kinds of insurance business specified in such classification. Every
     8  such individual shall be required to pass the type or types of  examina-
     9  tion prescribed by the superintendent for the line or lines of authority
    10  for which the license is sought. No individual shall be deemed qualified
    11  to  take  the  examination unless he shall have successfully completed a
    12  course or courses, approved as to method and content by the  superinten-
    13  dent,  covering  the  principal  branches  of the insurance business and
    14  requiring not less than ninety hours of classroom work or the equivalent
    15  in correspondence work, a course offered over the internet or a  similar
    16  institution,   in   institutions   of  learning  meeting  the  standards
    17  prescribed by paragraph one of subsection (a) of  section  two  thousand
    18  one  hundred  four of this article; provided, however, with respect to a
    19  license issued pursuant to subsection (b) of this section for a personal
    20  line of authority, there shall be required not less than forty hours  of
    21  such  classroom  work or the equivalent in correspondence work, a course
    22  offered over the internet or a similar institution.
    23    § 2. This act shall take effect immediately.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD13792-03-8