New York
Adrienne Harris
New York State Department of Financial Services
Appointments & Terminations
Yes
Yes
Within 15 days of contract execution or first business submission
JIT appointments permitted. Appointments must be submitted within 15 days of the date the agent/agency contract is executed or the first piece of business is submitted to the carrier
Yes
No fee
No fee
Yes
No
No
No
Date is the date transaction is processed by the state.
Yes
Carriers can pay the invoice posted by the state on the NIPR portal.
No fees
Yes
No
No
Required (but ignored) and is the date transaction is processed by the state. Must not be in the future
After initial renewal period, a producer must have an appointment or won’t be eligible for renewal
No fee
Licensing
Resident Property and Casualty Broker (duration is less than 1 year) $40, Resident Property and Casualty Broker (duration is greater than 1 year) $80, Resident Life/Accident & Health Broker (duration is less than 1 year) $40, Resident Life/Accident & Health Broker (duration is greater than 1 year) $80, Resident Life/Accident & Health Agent (duration is less than 1 year) $40, Resident Life/Accident & Health Agent (duration is greater than 1 year) $80, Resident Property and Casualty Agent (duration is less than 1 year) $40, Resident Property and Casualty Agent (duration is greater than 1 year) $80. If CE is required, an additional $10 fee is charged at the license level. New York doesn't charge an applicant to add a line of authority to an existing active license. Resident Excess Lines: $50 (county population of less than 100,000/Issued for greater than one year) Resident Excess Lines: $400 (county population of over 100,000/Issued for greater than one year) Nonresident Excess Lines: $25 (county population of less than 100,000/Issued for less than one year) Nonresident Excess Lines: $200 (county population of more than 100,000/Issued for less than one year) Nonresident New Producer License fee varies by Resident State.
Resident Renewal Property and Casualty Broker $80, Resident Renewal Life/Accident & Health Broker $80, Resident Renewal Life/Accident & Health Agent $80, Resident Renewal Property and Casualty Agent $80 If CE is required, an additional $10 fee is charged at the license level. If the renewal is submitted within 60 days of license expiration date, then an additional $10 fee is assessed. Nonresident Renewal Fee varies by Resident State. Resident Renewal Excess Lines: $50 Non-Resident Renewal Excess Lines: $400
180 days before expiration
Birth date every 2 years based on year of birth
Applicants are exempt from exams if submitting within two years of a license expiration date
180 days before expiration
Birth date every 2 years based on year of birth
Late renewal allowed up to 60 days after expiration with a $10 late fee
No
Yes
Residence, Business, and Mailing
Property and Casualty Broker, Life/Accident & Health Broker, Property and Casualty Agent, Life/Accident & Health Agent, Excess Line, Title Insurance Agent, Life Consultant, General Consultant, Limited Rental, Life Settlement Broker, Bail Bondsman, Service Contract Registration, Independent Adjuster, Life Settlement Provider, Public Adjuster, Life Broker, Sublicensee, Reinsurance Intermediary, Viatical Broker
Yes
Resident A license is required to act as a broker in New York. A license grants authority for all lines of authority except bail bond, life insurance, variable life, and variable annuity products. Nonresident may obtain a license to act as a broker in New York. A license grants authority for all lines of authority except bail bond, life insurance, variable life, and variable annuity products. NY allows carriers the option of appointing brokers but does not require them to be appointed.
Yes
Classroom or online The Department eliminated the requirement that a monitor be present to complete producer CE and pre-licensing course exams.
The certificate must be presented to the exam administrator and must be filed with the application.
No expiration
An applicant is exempt from pre-license education if the applicant: a. is applying for a life agent or life settlement broker license and holds 1 of the following designations: I. Chartered Life Underwriter (CLU); or II. Chartered Life Underwriter Associate (CLUA); b. is applying for a life broker license and holds 1 of the following designations: I. Chartered Life Underwriter (CLU); II. Chartered Financial Consultant (ChFC); or III. Master of Science in Financial Services (MSFS); or c. is applying for a property/casualty agent or broker license and holds a CPCU designation.
Not Required
State portal only
Resident Licensing
Producer Home State
No
Yes
A licensee must give notice to the Superintendent within 30 days of a change of address. Contact Change Request supported via NIPR Gateway.
Agency
Optional
Yes
Yes
Businesses renew June 30 in odd years. Renewal starts 120 days prior to license expiration date until expiration date. No late renewal.
Yes
Only officers/directors/partners/members are affiliated.
License not required but branch must be registered
Adjuster
Yes
No
N/A
AK, AR, AZ, CT, GA, ID, KY, LA, ME, MI, MN, MT, NC, NH, NM, NV, SC, UT, VT
AL, CA, DE, FL, IN, OK, OR, PR, RI, TX, WA, WV, WY
Independent Adjuster
Licensing Fee (More than one year): $100 Licensing Fee (Less than one year): $50
Yes
Biennially, on Dec. 31st on even numbered years.
A temporary permit for 120 days max can be issued to a resident or non resident adjuster to act as an independent adjuster on behalf of an authorized insurer for claims related to the emergency.
Continuing Education
15-30
2 years
Birth date
Year of birth
Prior to license expiration.
180 days prior to expiration date.
A license in expired status can be reinstated by submitting a relicensing application. If the license has been expired for less than 2 years, you must meet all Continuing Education (CE) requirements to relicense. If the license has been expired for more than 2 years, you must re-qualify for the license.
1 hour ethics, 1 hour insurance law
3 hours of NFIP course
Onetime 6-hour course
https://agentsync.io/blog/individual-producers/insurance-continuing-education-new-york
Regulatory Updates
The National Insurance Producer Registry (NIPR) Issues a Flier Announcing Additional Licensing through NIPR for New York Department of Financial Services (NYDFS) for Brokers and Agents
The National Insurance Producer Registry (NIPR) Issues a Flier Announcing Additional Licensing through NIPR for New York Department of Financial Services (NYDFS) for Brokers and Agents. NIPR is now processing NY Resident and Non Resident Licensing and Renewals for all major lines / core limited lines license offerings for Individuals. Additionally, NIPR also plans to expand NYDFS business entity licensing services, please see attached flier for more detailed information.
New York Department of Financial Services (NYDFS) Updates Appointments Backdating Rule
Effective December 21, 2023, New York will not allow appointments to be backdated and will ignore any submissions with a backdate. Appointment Issue date will be the system date.
P&C Surplus Lines Licenses and Premium Tax – NY
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`](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 Non Resident Individuals** 6\. License renewals must be submitted electronically through the DFS Portal. **For Non Resident 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.
New York Will Begin Loading Continuing Education (CE) Compliance Data to the Producer Database (PDB)
Effective October 13, 2023, New York will begin loading Continuing Education (CE) compliance data to the Producer Database (PDB). The current value loaded to the CE compliance field on PDB does not accurately capture the licensee’s CE compliance status. With these changes, the licensee’s current CE compliance status for New York will be loaded to the PDB report. Note: The compliance indicator on PDB will only include general CE compliance. Certain license classes require ‘Flood’ courses, but PDB will only display the general compliance status.
NY Changing License Class Codes
Effective August 11, 2023, New York will be changing the following License Class Codes: License Class 2 Broker will be License Class 13233 Property and Casualty Broker License Class 622 Life Broker will be License Class 13253 Life/Accident & Health Broker License Class 167 Property/Casualty Agent will be License Class 13254 Property/Casualty Agent License Class 135 Life/Accident & Health will be License Class 13255 Life/Accident & Health Agent
New York Issues Statement Regarding Proposed Amendment to Excess Line Placements
On June 23, 2023, New York issued a statement regarding a proposed amendment to Excess Line Placements. See attachment for full details.
New York Proposes Second Amendment to Cybersecurity Requirements
New York proposes Second Amendment to Cybersecurity requirements for financial services companies. See attachment for full details.
New York Proposes Excess Line Placements Governing Standard Changes
New York proposes Excess Line placements governing standard changes. See attachment for full details.
New York proposes amendments to its Cybersecurity Requirements
New York proposes amendments to its Cybersecurity requirements for financial services companies. See attachment for full details.
New York Proposes Changes to its Excess Line Placement Standards
New York proposes changes to its Excess Line placement standards. See attachment for full details.
New York to Remove Non-Uniform Question
Effective March 10th, 2023, New York removed the Non-Uniform Background Question previously added on January 13, 2023.
New York Excess Line Association Eliminates Parts of Excess Line Affidavits
Effective immediately the ELANY eliminates reporting elements from parts of excess line affidavits.
New York Adds Non Uniform Question for Individuals and Business Entities
~~Effective January 13th New York will be adding new non uniform questions for resident and non resident renewal applications. ~~ Effective March 10, 2023, New York removed the NUQ previously added.
NY Reduces Stamping Fee
New York's request to reduce the stamping fee to 0.15% has been approved and will take effect on all excess lines policies that begin on or after January 1, 2023.
New York Surplus Lines Association Updates List of E&S Insurers
Please see the attached document for NY(Elany's)updated list of E&S Insurers.
FAQs
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How Do I Get an Insurance License in New York?
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How Do I Get a State Adjuster License in New York?
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How do I renew my insurance license in New York?
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How do I renew my nonresident insurance license in New York?
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How Do I renew My Non-Resident Adjuster License in New York?
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How Do I Renew My Adjuster License In New York?