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.