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S09832 Summary:

BILL NOS09832
 
SAME ASNo Same As
 
SPONSORBAILEY
 
COSPNSR
 
MLTSPNSR
 
Amd §2103, Ins L
 
Imposes standards for certain examination services for insurance agents.
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S09832 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          9832
 
                    IN SENATE
 
                                      April 7, 2026
                                       ___________
 
        Introduced  by  Sen.  BAILEY -- read twice and ordered printed, and when
          printed to be committed 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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