S. 7369-A(Seward)/A. 10404-A(Morelle)

Licensing

Summary:  The bill would modernize the Insurance Department's licensing process

by:

(1) creating three new lines of authority;

(2) requiring entities seeking to provide insurance agent and broker licensing courses to file for approval with the Department;

(3) requiring independent adjusters to complete pre-licensing and

continuing education courses;

(4) granting the Superintendent the authority to require an applicant for an Article   21 license to submit his or her fingerprints; and

(5) permitting the licensing of non-resident adjusters on a reciprocal basis.

Specifics include:

Effective Date:  N/A.

Last Action: The bill was referred to the Assembly Codes Committee on June 24, 2008.