Life Consultant Applications and Information

Resident & Non-Resident Applications

Application Type # of pages

Individual Life Consultant - Original Application and Instructions

4  Pages

Entity (Corporations, Partnerships, Limited Liability Companies) Life Consultant - Original Application and Instructions

8 Pages

Submission Requirements and Fees

INDIVIDUAL/TBA licenses are issued with an expiration date determined by date of birth.

  • If you were born in an even numbered year, your license will expire on your birthday in an even numbered year.
  • If you were born in an odd numbered year, your license will expire on your birthday in an odd numbered year.

Match the submission code numbers listed under the Resident or Non-Resident columns with the corresponding numbers on Submission Requirement Code Chart to determine what is needed to obtain a license.

  • 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 - licensee 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.
CODE DESCRIPTION OF LICENSE INS LAW SECTION RESIDENT NON RESIDENT EXEMPT FROM #3 (EXAM) LICENSING/CERTIFICATION PERIOD FEES
Full

Half
C1 Consultant - Life 2107 1,2,3,4,7 1,2,5,6,7

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

Individual/TBA - up to 2 years from date of issue to Date of Birth Expiration** (See Note Above)

Entities - 2 yrs- 4/1 to 3/31 of odd years

$100 $50

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 REQUIREMENT CODE CHART
1

Application. Download form from this Department’s website.

2

See “Fee” column. Full fees are charged when a license is issued for a licensing period greater than one year; half fees are charged when a license is issued for a licensing period of one year or less. Partnership, corporation, limited liability company fee is per partnership, corporation, limited liability company plus per sub-licensee. Make check payable to the “Superintendent of Financial Services.” 

3

Original passed score report for exam taken within 2 years unless “exempt from #3” above/copy of CLU, FAS or ASA designation. 

4

Proof of accumulation of Continuing Education credits if such proof was required had the last license been renewed and the $10.00 Continuing Education filing fee unless applying under #3 for both life and accident & health.

5

Must be currently licensed and in compliance in your declared home state. NOTE: Your license information MUST be included in the National Producer Database; if not, you must submit a currently dated Certification from the state you have declared as your home state and in which your principle place of business or residence is located.

6

Code 4, if applicable, unless the certification shows that the Continuing Education requirements of that state have been met.

7

ENTITIES Proof of required filing of a partnership, corporation, limited liability company, or trade name. 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 the New York State Department of State. You may submit a list of proposed names in the order of preference to New York State Department of Financial Services, Licensing Bureau, One Commerce Plaza, Albany, NY 12257 or email [email protected]. Once a name is approved, licensing instructions will be provided.

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