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NY A03210

Bill

Status

Introduced

2/2/2023

Primary Sponsor

Pamela Hunter

Click for details

Origin

Assembly

2023-2024 General Assembly

AI Summary

  • Grants three continuing education credit hours per biennial period to insurance producers for active membership in a statewide professional insurance producer association

  • Defines a qualifying association as one existing for at least ten years with members holding insurance producer licenses, dedicated to promoting integrity, professionalism, and ethical business practices

  • Requires qualifying associations to publish a professional journal at least four times annually and issue or distribute at least six guidance statements or policy memoranda on professional practice, ethics, or substantive issues per biennial period

  • Defines "active membership" as having dues paid in full, reading the association's code of ethics, and attending at least one association-sponsored course or seminar annually during the biennial period

  • Requires professional insurance producer associations to file annually with the superintendent by January 31st a list of members in good standing and the current code of ethics

Legislative Description

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.

Last Action

referred to insurance

1/3/2024

Committee Referrals

Insurance2/2/2023

Full Bill Text

No bill text available