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A10987 Summary:

BILL NOA10987
 
SAME ASSAME AS S09832
 
SPONSORHunter
 
COSPNSR
 
MLTSPNSR
 
Amd §2103, Ins L
 
Imposes standards for certain examination services for insurance agents.
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A10987 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          10987
 
                   IN ASSEMBLY
 
                                     April 14, 2026
                                       ___________
 
        Introduced by M. of A. HUNTER -- read once and referred to the Committee
          on Insurance
 
        AN ACT to amend the insurance law, in relation to imposing standards for
          certain examination services
 
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
 
     1    Section 1. Paragraph 1 of subsection (f) of section 2103 of the insur-
     2  ance law, as amended by chapter 65 of the laws of 1998,  is  amended  to
     3  read as follows:
     4    (1) (A) The superintendent shall, in order to determine the competency
     5  of every individual applicant and of every proposed sub-licensee to have
     6  the  kind of license applied for, require such individual to submit to a
     7  personal written examination and to pass the same to the satisfaction of
     8  the superintendent. Such examination shall be held  at  such  times  and
     9  places  as  the  superintendent shall from time to time determine. Every
    10  individual applying to take any written examination shall, at  the  time
    11  of  applying  therefor, pay to the superintendent, or, at the discretion
    12  of the superintendent,  directly  to  any  organization  that  is  under
    13  contract  to  provide  examination  services,  an  examination fee of an
    14  amount which is the actual documented administrative cost of  conducting
    15  said qualifying examination as certified by the superintendent from time
    16  to  time. An examination fee represents an administrative expense and is
    17  not refundable. The superintendent may accept, in lieu of any such exam-
    18  ination, the result of any previous written examination,  given  by  the
    19  superintendent, which in [his] their judgment is equivalent to the exam-
    20  ination for which it is substituted.
    21    (B)  Any  organization  that  is under contract to provide examination
    22  services consistent with subparagraph (A) of this paragraph shall devel-
    23  op, administer, and score such examinations in accordance with the stan-
    24  dards and best practices developed by the national association of insur-
    25  ance commissioners; provided, however, if the  superintendent  adopts  a
    26  regulation  imposing  a  different  standard,  such  organization  under
    27  contract to provide examination services shall comply with such  adopted
    28  standard.
    29    §  2.  This  act  shall take effect immediately and shall apply to all
    30  examinations conducted on or after such date.
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD15495-01-6
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