How To Renew Your Insurance License In New York
In New York, insurance licenses expire every two years. Licenses can be renewed up to 180 days prior to the expiration of the license.
There is no requirement to take another exam from the state, though depending on the format of your continuing education, it is possible that you may take a short knowledge test at the end of the course to be sure that you understand important insurance concepts, laws, and regulations.
If this this is the state you reside in, then renewing your license will also keep any non-resident license you have in good standing. You will still need to pay the license renewal fee for non-resident licenses held in other states.
1. New York Insurance Continuing Education Requirements
The State of New York requires that resident individual licensees complete fifteen (15) credit hours of continuing education every two-year renewal period. You may take any course that is approved for your specific class of license.
Note: It is recommended to complete all continuing education credits thirty (30) days prior to the expiration date of the license. This will give the CE provider time to report the successful completion to the department of insurance. Your CE courses can be taken any time within your license term
If you have a producer license in more than one line of authority (ex. Property & Casualty and Life & Health), you do not need to complete double the hours.
You may take your continuing education courses either in person in a classroom setting or online as a self-paced course. The online courses usually require a reading of the subject at hand, then a test at the end.
Upon completion of these courses, the company who you took the course should send the certificate of completion directly to the state. You should, however, print a copy of this certificate to keep in your records just in case there is a dispute later.
2. How To Renew Your Insurance License In New York
After you have completed your continuing education and you are within 90 days of your license expiration, you may renew your New York insurance license online by using the License Renewal application available through the New York State Department of Financial Services Portal.
There is a fee of $80 per application to renew your license.
Once this process is complete, your license will be renewed.
Information on this page has been gathered by a multitude of sources and was most recently updated in July 2019.Any Information on this site is not guaranteed or warranted to be correct, accurate, or up to date. Huge Hammer LLC and its members and affiliates are not responsible for any losses, monetary or otherwise. For more information, please contact your state’s authority on insurance. Disclosure: StateRequirement has an affiliation with Kaplan Education company, and may receive compensation based on user activity on this site. We truly believe that Kaplan offers excellent products and services, and compliments the mission of StateRequirement.