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S05049 Summary:

BILL NOS05049A
 
SAME ASSAME AS A11042-A
 
SPONSORBAILEY
 
COSPNSRHELMING
 
MLTSPNSR
 
Amd §2108, Ins L
 
Relates to licensing of independent insurance adjusters by deeming requirements regarding a written examination met if the applicant holds a claim certification from a national or state-based claims association.
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S05049 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                         5049--A
            Cal. No. 299
 
                               2025-2026 Regular Sessions
 
                    IN SENATE
 
                                    February 18, 2025
                                       ___________
 
        Introduced  by  Sens. BAILEY, HELMING -- read twice and ordered printed,
          and when printed to be committed to  the  Committee  on  Insurance  --
          recommitted  to  the  Committee on Insurance in accordance with Senate
          Rule 6, sec. 8 -- reported favorably from said committee,  ordered  to
          first  and second report, ordered to a third reading, passed by Senate
          and delivered to the Assembly, recalled, vote  reconsidered,  restored
          to  third  reading, amended and ordered reprinted, retaining its place
          in the order of third reading
 
        AN ACT to amend the insurance law, in relation to licensing of independ-
          ent adjusters
 
          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 2108 of the insur-
     2  ance law is amended to read as follows:
     3    (1)  The  superintendent shall, in order to determine the trustworthi-
     4  ness and competency to act as an independent adjuster of each individual
     5  applicant for such license, and of each proposed sub-licensee, except in
     6  the case of a renewal license, require every such individual to take and
     7  pass, to the satisfaction of  the  superintendent,  a  personal  written
     8  examination. The superintendent may prescribe the types of written exam-
     9  inations according to the kind or kinds of insurance claims [which] that
    10  the  applicant  is  to  be licensed to investigate and adjust.  The exam
    11  requirement shall be deemed met for individuals holding a claims certif-
    12  ication issued by a national or  state-based claims association  with  a
    13  certification program that consists of at least  forty hours of pre-exam
    14  coursework,  a  proctored exam of sufficient length to adequately deter-
    15  mine the competency of the individual, and twenty-four hours of continu-
    16  ing education required for  certification renewals on a biennial  basis,
    17  subject to the approval of the superintendent.
    18    § 2. This act shall take effect immediately.
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD09379-03-6
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