What's happening
This bill allows insurance producers to earn three continuing education credits per biennial period for active membership in a qualifying statewide professional insurance producer association.
Why it matters
Encourages professional engagement. By granting continuing education credits for active association membership, the bill incentivizes insurance producers to participate in professional organizations, potentially strengthening industry standards and networking.
Defines rigorous association criteria. Only longstanding (10+ years) statewide associations with robust educational and ethical programming qualify, ensuring that credits are tied to meaningful professional development rather than passive membership.
Establishes accountability measures. Insurance producers must certify good standing, familiarity with the association's code of ethics, and participation in at least one qualifying educational event per year, making the credits contingent on actual engagement.
Requires association transparency. Associations must annually provide membership lists, codes of ethics, and other relevant information to the state, supporting oversight and preventing abuse of the credit system.
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Who cares
Headline styles
Give Credit for Association Membership
Plain English, a few words. Used as the page title.
Sponsors
2 Co-sponsors
History
- Vetoed memo.162
- Delivered to governor
- Returned to senate
- Passed assembly
- Ordered to third reading rules cal.359
- Substituted for A5922
- Referred to insurance
- Delivered to assembly
- Passed senateVote 62–0
- Advanced to third reading
- 2nd report cal.
- 1st report cal.667
Show 1 earlier action
- Referred to insurance
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.
Reward Insurance Association Members
Assembly Floor Calendar · Sponsor Pamela J. Hunter
Full text
2 pagesUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
4365
2019-2020 Regular Sessions
IN SENATE
March 11, 2019
Introduced by Sens. BRESLIN, BROOKS -- read twice and ordered printed, and when printed to be committed 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 Assembly, do enact as follows:
Section 1. Subsection (c) of section 2132 of the insurance law is amended by adding a new paragraph 4 to read as follows:
(4) The superintendent shall grant three credit hours for a licensees' active membership in a statewide professional insurance producer association, per biennial period.
(A) For the purpose of this paragraph, a "statewide professional insurance producer association" shall be defined as an association that has been in existence for at least ten years, which derives its membership from amongst those persons that have been issued an insurance producer's license by the superintendent, and which is dedicated to the promotion of the integrity, trust, professionalism and business interests of its membership through education, advocacy, social interaction and the development of ethical and sound business practices including, but not limited to, a professional publication or journal that is issued not less than four times a year; issuance of not less than six guidance or fact-based policy statements or instructional memoranda on topics pertaining to professional practice, customer service, ethics or a substantive issue; or distribution of not less than twelve such statements or memoranda produced by another organization.
(B) For the purpose of this paragraph, 'active membership' means: (i) certification by the licensee to the superintendent that the member was in good standing with dues paid in full for the previous biennial period; (ii) certification to the superintendent by the licensee that the member has read the professional insurance producer association's code
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD09479-01-9
S. 4365 2
of ethics; and (iii) certification to the superintendent by the licensee that the licensee has attended at least one course, program of instruction or seminar that meets the requirements of this section sponsored by the professional insurance producer association each year during the previous biennial period.
(C) The professional insurance producer association shall file with the superintendent annually, by January thirty-first, a list of all members in good standing for the previous year, the current code of ethics, and any other information that the superintendent shall require in order to implement the provisions of this paragraph.
§ 2. This act shall take effect immediately.
Reflowed for reading: line numbers and page breaks removed. Cite the official text.
Sponsor's memo
Title of bill
An act to amend the insurance law, in relation to the granting of continuing education credits by the superintendent of finan- cial services
Purpose
To provide that insurance producers can earn continuing education credit for active membership in a statewide professional insurance producer association.
Summary of provisions
Section one amends the insurance law by adding a new subsection (c) (4) to section 2132, which provides for the granting of three con tinuing education credits for all active members of a statewide professional insurance producer association.
Furthermore, section one defines a "statewide professional insurance producer association" and sets forth the requirements that the license producer and professional insurance association must meet for the insur- ance producer to be considered 'active' for the continuing education credits. Additionally, section one outlines the information that must be provided by both the licensed insurance producer and statewide profes- sional insurance producer association to the Superintendent in order to obtain such continuing education credits.
Section 2 provides for an immediate effective date.
Justification
New York's insurance producer associations promote professionalism, best practices, ethical compliance, continuing education training and networking opportunities to their members. In addition, membership in these associations provide younger members an opportunity to be mentored by more established insurance producers thereby enhancing their business prospects. Thus, it is in the best interest of the State of New York to encourage insurance producers to join such associations and participate in that association's meetings, conferences and educational seminars. This bill furthers that interest by requiring the Superintendent of Financial Services to grant three credit hours of an insurance produc- er's legal continuing education requirement for membership in good standing of a qualified association.
Legislative history
2017 - A7012 introduced & referred to Assembly Insurance. Companion bill S3960 passed Senate 62-0 2018 - A7012B Passed Assembly 120-0 Substituted for S3960A & passed Senate 62-1. Vetoed by the Governor due to the amount of CE credits granted. 2019 - reintroduced with credit amount reduced from six to three.
FISCAL IMPLICATIONS::
None.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.