Bill Text: NY A07012 | 2017-2018 | General Assembly | Introduced
NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Relates to authorizing the superintendent of financial services to grant six credit hours of continuing education for a licensees' active membership in a statewide professional insurance producer association.
Spectrum: Moderate Partisan Bill (Democrat 5-1)
Status: (Introduced - Dead) 2018-06-12 - substituted by s3960a [A07012 Detail]
Download: New_York-2017-A07012-Introduced.html
Bill Title: Relates to authorizing the superintendent of financial services to grant six credit hours of continuing education for a licensees' active membership in a statewide professional insurance producer association.
Spectrum: Moderate Partisan Bill (Democrat 5-1)
Status: (Introduced - Dead) 2018-06-12 - substituted by s3960a [A07012 Detail]
Download: New_York-2017-A07012-Introduced.html
STATE OF NEW YORK ________________________________________________________________________ 7012 2017-2018 Regular Sessions IN ASSEMBLY March 29, 2017 ___________ 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: 1 Section 1. Subsection (c) of section 2132 of the insurance law is 2 amended by adding a new paragraph 4 to read as follows: 3 (4) The superintendent shall grant six credit hours for a licensees' 4 active membership in a statewide professional insurance producer associ- 5 ation, per biennial period. 6 (A) For the purpose of this paragraph, a "statewide professional 7 insurance producer association" shall be defined as an association that 8 has been in existence for at least ten years, which derives its member- 9 ship from amongst those persons that have been issued an insurance 10 producer's license by the superintendent, and which is dedicated to the 11 promotion of the integrity, trust, professionalism and business inter- 12 ests of its membership through education, advocacy, social interaction 13 and the development of ethical and sound business practices. 14 (B) For the purpose of this paragraph, 'active membership' means: (i) 15 certification by the licensee to the superintendent that the member was 16 in good standing with dues paid in full for the previous biennial peri- 17 od; (ii) certification to the superintendent by the licensee that the 18 member has read the professional insurance producer association's code 19 of ethics; and (iii) certification to the superintendent by the licensee 20 that the licensee has attended at least one educational meeting, presen- 21 tation or conference sponsored by the professional insurance producer 22 association each year during the previous biennial period. 23 (C) The professional insurance producer association shall file with 24 the superintendent annually, by January thirty-first, a list of all EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD08253-01-7A. 7012 2 1 members in good standing for the previous year, the current code of 2 ethics, and any other information that the superintendent shall require 3 in order to implement the provisions of this paragraph. 4 § 2. This act shall take effect immediately.