May 25, 2017
Senate committee reports PIANY-supported legislation to grant CE credits
The state Senate Insurance Committee this week favorably considered and reported PIANY-supported legislation (S.3960) to grant continuing-education credits authorizing the NYDFS superintendent to grant six credit hours of CE for a licensee’s active membership in a statewide professional, insurance producer association.
New York’s insurance producer associations promote professionalism, best practices, ethical compliance, CE training and networking opportunities to their members. In addition, membership in these associations provides 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 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 NYDFS superintendent to grant six credit hours of an insurance producer’s legal CE requirement for membership in good standing of a qualified association.