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Who cares
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Sponsors
No co-sponsors yet.
History
- Substituted by A8099
- Ordered to third reading cal.1746
- Referred to rules
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
Relates to satisfactory signatures on applications to provide certain courses, programs of instruction, or seminars
Vetoed · Sponsor Kevin Cahill
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S5911
Title of bill
An act to amend the insurance law, in relation to satisfactory signatures on applications to provide certain courses
Purpose
This legislation would allow for the submission of signatures electronically for continuing education courses by certain insurance professionals.
Summary of provisions
The bill amends Insurance Law section 2132 (i) (3) by stipulating that a continuing education course provider under the insurance law may satisfy signature requirements through compliance with New York General Construction Law section 46, Signature.
Existing law
Existing law requires continuing education course providers to submit all documents with original signatures.
Justification
DFS currently requires continuing education course providers to submit all documents with original, or "wet", signatures. Modem technology with its extensive use of faxed documents, scanned documents and even electronic signatures has overtaken the anachronistic practice of obtaining original signatures in all cases. In fact, DFS's predecessor agency, the Department of Insurance, opined in a 2007 office of general counsel opinion (Opinion No 07-02-11) that an insurance producer may use a stamped signature on an application for group insurance Furthermore, New York has the Electronic Signatures and Records Act (New York Technology Law sections 101-109), which authorizes the use and acceptance of electronic signatures in commercial transactions throughout New York state This bill would modernize DFS's practices regarding signatures submitted by continuing education providers by allowing a copy of a signature or an electronic signature, as well as an original signature, on documents submitted by such providers.
Legislative history
New bill
Fiscal implications
None
Effective date
This act shall take effect immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.