Instructions for Consultant (C3 General or C1 Life) Applicant

Resident - one who has declared New York as their Home State; Home State means the District of Columbia or any state or territory of the United States in which the applicant maintains his, her or its principal place of residence or principal place of business.

Non-Resident - one who has declared a state OTHER than New York as their Home State. Home State is where you maintain a principal place of residence or business AND are licensed in good standing for the lines of authority being applied for in this application.

SUBMISSION REQUIREMENTS FEE
CODE DESCRIPTION OF
LICENSE		 INS LAW SECTION RESIDENT NON-RESIDENT EXEMPT FROM #3 (EXAM) LICENSING PERIOD FULL HALF

C3

General Consultant

 2107

1,2,3,4,7

1,2,5,6,7

(1) One who was licensed C3 within the last 2 years (2) current PC (property/casualty) agent or current BR (property/casualty) broker (3) CPCU, FCAS or ACAS designation

Individual/TBA – up to 2 years from date of issue to date birth expiration

Entity – up to 2 years from date of issue to expiration date of  3/31 in even years for the CE and 3/31 in odd years for the C1

$100

$50
C1 Life Consultant (1) one who was licensed C1 within the last 2 years (2) current LA (life & accident/health) agent or current LB (life & accident/health) broker (3) CLU, FAS or ASA designation

CONSULTANT LICENSING EXEMPTIONS: (1) An agent or broker may consult with respect to lines for which he is authorized and charge a consulting fee based upon a written memorandum signed by the party to be charged, without being licensed as a consultant. (2) An agent or broker may charge a consulting fee and receive commissions for the sale of insurance if both the consulting fee and the insurance commissions are provided for in the written memorandum signed by the party to be charged. (3) An agent or broker may offset consultant’s fee against commissions received on the sale of insurance only if provided for in the written memorandum.

CODE SUBMISSION CODES

1

When supporting documentation is required, documentation must be uploaded with the online application.

2

FEE - a full fee is charged when a license is issued for a licensing period greater than one year; a half is charged when a license is issued for a licensing period of one year or less.  The entity (partnership, corporation, limited liability company) fee is equal to a full or half fee for the entity plus a full or half per sub-licensee.   

3

EXAM - the Department must have passing exam data for a NYS exam taken within 2 years unless “exempt from #3” above. If exempt, provide copy of designation with the application. 

4

RELICENSING – the  relicensing applicant must provide proof of Continuing Education credits, if such proof was required had the last license been renewed, and pay the $10.00 Continuing Education filing fee.

5

NON-RESIDENT – the applicant must be currently licensed and in compliance in the declared home state. NOTE: license information MUST be included in the National Producer Database.  If not,  submit a currently dated Certification from the state declared as the home state and in which the principle place of business or residence is located.

6

NON-RESIDENT RELICENSING – the relicensing applicant must provide proof of meeting the Continuing Education requirement, if applicable, unless providing a home state certification showing that the Continuing Education requirements of that state have been met.

7

ENTITY APPLICATIONS – the applicant must provide proof of filing of a partnership, corporation, limited liability company, or trade name with the New York Department of State (DOS) or a County Clerk office.  It is recommended that applicant obtain name approval for use of the name in the insurance industry from this Department before filing the name with a County Clerk office or DOS.  A list of proposed names, listed in the order of preference, may be submitted to DFS by emailing [email protected].  Include “Name Approval Request” in the subject line.