S. 3551(Breslin)/A. 7129(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: 180 days after enactment.