Legislators in New York have passed a bill to cut back red tape and stop agents and brokers doubling-up on continuing education courses.
The bill would eliminate the need for duplicate continuing education courses for both their individual and agency insurance licences.
The Professional Insurance Agents of New York State – a trade association representing independent insurance agencies, brokerages and their employees – has praised “both the state Assembly and state Senate” for passing the “top-priority legislation”.
“As part of a grassroots action, Professional Insurance Agents of New York State (PIANY) members contacted their elected officials to encourage them to pass this important bill at the end of the legislative session,” said PIANY president John C. Parsons II.
“We thank the members of the Assembly and Senate who recognized that this bill would resolve the conflicts that arise when insurance producers must maintain CE credits for their agencies and themselves. PIANY encourages the governor to sign this bill into law.”
The bill will be sent to Gov. Andrew M. Cuomo for his consideration after it was passed today.
“The bill would exempt business-entity licenses from CE requirements when all sublicenses can demonstrate they have adequate CE credits to support their individual licenses in effect at the date of renewal” PIANY said in a release.
Related stories:
Are the current CE-hour requirements enough?
Is virtual reality the next great way to train insurance agents?
.jpg)
