New York S 8060: Consolidates the licensing system for agents and brokers into a single producer license; repealer

Bill Text

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S08060 Summary:

BILL NOS08060 

&nbsp

SAME ASSAME AS A08065

&nbsp

SPONSORBAILEY

&nbsp

COSPNSRASHBY, HELMING, MATTERA

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MLTSPNSR

&nbsp

Rpld §2116, amd Ins L, generally

&nbsp

Consolidates the licensing system for agents and brokers into a single producer license.

Go to top S08060 Actions:

BILL NOS08060 

&nbsp

05/15/2025REFERRED TO INSURANCE

01/07/2026REFERRED TO INSURANCE

Go to topS08060 Committee&nbspVotes:

Go to topS08060 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topS08060 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 8060

 2025-2026 Regular Sessions

 IN SENATE

 May 15, 2025
 ___________

 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 consolidating the
 licensing system for agents and brokers into a single producer
 license; and to repeal certain provisions of such law related thereto

 The People of the State of New York, represented in Senate and Assem-
 bly, do enact as follows:

 1 Section 1. Section 214 of the insurance law, as amended by section 61
 2 of part A of chapter 62 of the laws of 2011, is amended to read as
 3 follows:
 4 § 214. Report on insurance [agent] producer licensing examinations.
 5 The superintendent shall perform a study of the insurance [agent]
 6 producer licensure examinations required pursuant to section two thou-
 7 sand one hundred [three] four of this chapter. The study shall, at a
 8 minimum, include the total number of examinees, the passing rate of all
 9 examinees, and the mean scores on the examination. Additionally, the
 10 study shall examine the correlation between these statistics and the
 11 applicants' native language, level of education, gender, race and
 12 ethnicity. The study shall be completed by March fifteenth, two thousand
 13 twelve, and annually thereafter.
 14 § 2. Paragraphs 10 and 11 of subsection (k) of section 2101 of the
 15 insurance law, paragraph 10 as amended and paragraph 11 as added by
 16 section 36 of part D of chapter 56 of the laws of 2013, as renumbered by
 17 section 2 of part V of chapter 57 of the laws of 2014, are amended and a
 18 new paragraph 12 is added to read as follows:
 19 (10) a person who is not a resident of this state who sells, solicits
 20 or negotiates a contract of property/casualty insurance, as defined in
 21 paragraph six of subsection (x) of this section, of an insurer not
 22 authorized to do business in this state, provided that: (A) the
 23 insured's home state is a state other than this state; and (B) such

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD11684-01-5

 S. 8060 2

 1 person is otherwise licensed to sell, solicit or negotiate excess line
 2 insurance in the insured's home state; [or]
 3 (11) any person who has received a grant from and has been certified
 4 by the health benefit exchange established pursuant to section 1311 of
 5 the affordable care act, 42 U.S.C. § 18031 to act as a navigator, as
 6 such term is used in 42 U.S.C. § 18031(i), including any person employed
 7 by a certified navigator, provided that the person: (A) has completed
 8 the training required by the health benefit exchange; (B) does not sell
 9 insurance; (C) does not engage in any activity with respect to insurance
 10 not expressly permitted under 42 U.S.C. § 18031 (i) (3) and regulations
 11 thereunder; and (D) does not receive any compensation for acting as a
 12 navigator directly or indirectly from an insured, insurance producer, or
 13 an insurer[.]; or
 14 (12) nothing in this subsection shall be construed to alter the mean-
 15 ing of "insurance agent" and "insurance broker" as defined in paragraphs
 16 twenty-five and twenty-six of subsection (a) of section one hundred
 17 seven of this chapter, the meaning of "insurance agent", "independent
 18 insurance agent", and "insurance broker" as such terms are defined by
 19 subsections (a) through (c) of this section, or any duties established
 20 by such provisions.
 21 § 3. The section heading and subsections (a), (b), (d), (e), (h), (k),
 22 (l), (m), (n) and (o) of section 2103 of the insurance law,