Publication Date
2025-05-12
effective date
2025-06-13
jurisdiction
New York Business Type Validation Requirements
Effective June 13, 2025, New York will begin validating the business type on electronic applications. New York requires the business type selected to match their existing record. If the Legal Business Type supplied in the transaction does not match the existing record, the transaction will be declined.
Applicants who need to update their Legal Business Type may contact licensing@dfs.ny.gov
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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This update has been reviewed by AgentSync compliance experts for industry impact and necessary automation in the AgentSync platform.
categories
Licensing

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