Publication Date
2023-11-02
effective date
2024-01-01
jurisdiction
P&C Surplus Lines Licenses and Premium Tax - New York
On November 2, 2023, New York DFS published license fees and terms for firms and individuals. 

**For Resident Individuals**
For information regarding excess line broker licensure and links to forms, go to: `https://on.ny.gov/31RTgdl`

     a.   If the individual already holds a property/casualty
          broker license, click on "Manage Your License" then
          "Add-A-line". 
     b.   If the individual does not yet hold a property/casualty
          broker license, click on "Apply for Your License" then
          "Individual Original/TBA License Application".
     c.   Initial and renewal license applications must be
          submitted electronically through the Department of
          Financial Services (DFS) Portal.

**For Resident Firms**
Initial entity license applications or applications to add a
     sublicensee to the license can be submitted either
     electronically through the DFS Portal or by mailing a paper
     application to the Department.

     a.   Click on "Apply for Your License" then "Entity
          Original Application" for a link to the DFS Portal.
     b.   Email licensing.applications@dfs.ny.gov for the
          paper application.

7\.   License renewals must be submitted electronically through
     the DFS Portal.

**For Nonresident Individuals**
6\.   License renewals must be submitted electronically through
     the DFS Portal.

**For Nonresident Firms**
5\.   Initial entity license applications or applications to add a
     sublicensee to the license can be submitted either
     electronically through the DFS Portal or by mailing a paper
     application to the Department.

     a.   Click on "Apply for Your License" then "Entity
          Original Application" for a link to the DFS Portal.
     b.   Email licensing.applications@dfs.ny.gov for the
          paper application.

6\.   License renewals must be submitted electronically through
     the DFS Portal.
AgentSync Actions
Our compliance experts are constantly searching for and analyzing industry updates. Their findings are then recorded in the Regulatory Updates section of the Compliance Library to explain how the update impacts the insurance industry. If a change impacts an AgentSync product, this will be highlighted to inform you that the product is being updated to ensure you remain in compliance.
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categories
Surplus

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