Bill Text: NY A10378 | 2015-2016 | General Assembly | Introduced

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Bill Title: Exempts from certain provisions certain business entity licenses where it can be demonstrated that all sublicenses have adequate continuing education credits to support their individual licenses in effect at the date of renewal.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2016-06-01 - reported referred to codes [A10378 Detail]

Download: New_York-2015-A10378-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                          10378
                   IN ASSEMBLY
                                      May 25, 2016
                                       ___________
        Introduced by M. of A. CAHILL -- read once and referred to the Committee
          on Insurance
        AN  ACT  to amend the insurance law, in relation to continuing education
          for agents, brokers, adjusters, consultants and intermediaries
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
     1    Section  1.  Subsection  (b)  of section 2132 of the insurance law, as
     2  amended by section 13 of part V of chapter 57 of the laws  of  2014,  is
     3  amended to read as follows:
     4    (b) This section shall not apply to:
     5    (1)  those  persons  holding  licenses for which an examination is not
     6  required by the laws of this state;
     7    (2) any limited licensees or any other licensees as the superintendent
     8  may exempt subject  to  any  continuing  education  requirements  deemed
     9  appropriate by the superintendent;
    10    (3) any business entity licenses where it can be demonstrated that all
    11  sublicenses  have adequate continuing education credits to support their
    12  individual licenses in effect at the date of renewal;
    13    (4) for purposes of the continuing  education  requirements  for  life
    14  settlements,  an insurance producer with a life line of authority who is
    15  acting as a life settlement broker pursuant to section two thousand  one
    16  hundred thirty-seven of this article; or
    17    [(4)] (5) for purposes of a title insurance agent license, an attorney
    18  licensed  to  practice law in this state, provided that such attorney is
    19  in good standing with the New York state office of court administration.
    20    § 2. This act shall take effect immediately.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD15550-01-6