New York Insurance Agent Continuing Education and License Renewal Requirements

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General Requirements

New York Major Lines Licensed Agents must complete 15 Credit Hours of Approved Continuing Education per line of licensing every 2 years and Renew their License prior to their Expiration Date to Keep their License active. Multi-line licensed agents must take 15 credit hours per line of licensing. Agents cannot receive credits for the same courses. New courses must be taken every compliance period.

Major Lines include: Life and/or Accident/Health Agent, Property and/or Casualty Agent. Agents licensed in multiple lines are only required to meet the same requirements as agents with single lines of licensing.

New York CE Requirements are “License Type Specific.” Agents must take courses in the subject matter(s) which they are licensed in and:

1) They are approved by the New York Department of Insurance

Continuing Education and Renewal Requirements must be completed every 2 years, on or before your Expiration Date, which is your date of birth. Licensees born in odd numbered years will renew in odd years and licensees born in even numbered years will renew in even years.

Exemptions

Licensees whose license comes to the expiration date while called to active duty.

Special Training Requirements

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Property and Casualty Agents

Flood Training

Agents licensed in the Property line of authority that will be selling Flood Insurance must complete a one-time, 3 Hour continuing education course related to NFIP (National Flood Insurance Program).

Life and Health Agents

Suitability in Annuity Transactions Training Requirements

Regulation 187 requires insurers set forth standards and procedures for recommendations to consumers with respect to annuity contracts so that the insurance needs and financial objectives of the consumers are appropriately addressed. These standards and procedures are substantially similar to the NAIC Suitability in Annuity Transactions Model Regulation. The regulation does not require the completion of specific training classes as long as the insurance company ensures that the producer recommending the annuity product is adequately trained to make the recommendation.

Additional Continuing Education Information

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Carryover Credits

• No carryover credits between compliance periods are allowed.

Renewal Guidelines

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Your License is Eligible for Renewal during your “License Renewal Period”. The License Renewal Period for New York Licensed Agents begins 120 Days prior to their Expiration Date. To Renew your license, please visit:

1. • Department of Financial Services Portal, located here: NY Licensee Portal