New York Laws
Article 21 - Agents, Brokers, Adjusters, Consultants and Intermediaries
2107 - Insurance Consultants; Licensing and Duties.

(2) Any such license issued to a firm or association shall authorize
only the members of such firm or association named in such license as
sub-licensees to act individually as consultants thereunder, and any
such license issued to a corporation shall authorize only the officers
and directors thereof named in such license as sub-licensees to act
individually as consultants thereunder. Each sub-licensee named in such
license must be qualified to obtain a license as an insurance
consultant, and for each such sub-licensee the fee specified in
subsection (b) of this section must be paid. Every sub-licensee acting
individually as a consultant pursuant to a license issued to a firm,
association or corporation shall be authorized to act only in the name
of such firm, association or corporation.
(b) (1) Before an insurance consultant's license shall be issued or
renewed the prospective licensee shall properly file in the office of
the superintendent an application therefor in such form or forms and
supplements that the superintendent prescribes, and pay a fee of fifty
dollars for each year or fraction of a year in which a license shall be
valid and pay an additional fee of fifty dollars for each year or
fraction of a year in which a license shall be valid for each
sub-licensee. Every consultant's license issued pursuant to this section
to a business entity shall expire on the thirty-first day of March, with
respect to (A) life insurance in the odd year and (B) general insurance
in the even year, next following the date of issue. On and after January
first, two thousand seven, every license issued pursuant to this section
to an individual consultant, and every license in effect prior to
January first two thousand seven that was issued pursuant to this
section to an individual consultant, who was born in an odd numbered
year, shall expire on the individual's birthday in each odd numbered
year. On and after January first, two thousand seven, every license
issued pursuant to this section to an individual consultant, and every
license in effect prior to January first, two thousand seven that was
issued pursuant to this section to an individual consultant, who was
born in an even numbered year, shall expire on the individual's birthday
in each even numbered year. Every license issued pursuant to this
section may be renewed for the ensuing period of twenty-four months upon
the filing of an application in conformity with this subsection. In the
case of a license issued to a new applicant, the superintendent may
issue a license for a term of more than two years, provided however,
such term shall not exceed thirty months.
(2) (A) If an application for a renewal license shall have been filed
with the superintendent before the expiration of such license, the
license sought to be renewed shall continue in full force and effect
either until the issuance by the superintendent of the renewal license
applied for or until five days after the superintendent shall have
refused to issue such renewal license and shall have given notice of
such refusal to the applicant.
(B) Before refusing to renew any such license, except on the ground of
failure to pass a written examination required pursuant to subsection

(c) of this section, the superintendent shall notify the applicant of
his intention so to do and shall give such applicant a hearing.
(c) (1) The superintendent shall, in order to determine the competency
of every applicant for license as an insurance consultant, require such
applicant to submit to and pass to his satisfaction a personal, written
examination concerning the kinds of insurance specified in paragraphs
one, two and three of subsection (a) of section one thousand one hundred
thirteen of this chapter for a life insurance consultant's license and
paragraphs four through twenty-three of such subsection for a general
insurance consultant's license. The fee for each such examination taken
shall be fifty dollars.
(2) The superintendent may accept, in lieu of any part or all of such
examination, the result of any previous written examination given by the
superintendent, The American College, the American College of Property
and Liability Underwriters, the Society of Actuaries, the Casualty
Actuarial Society, the American Academy of Actuaries or any similar
organization which administers professional examinations.
(d) The superintendent may refuse to issue an insurance consultant's
license if, in his judgment, the applicant or any proposed sub-licensee
is not trustworthy and competent to act as a consultant, or has given
cause for revocation or suspension of such license, or has failed to
comply with any prerequisite for the issuance of such license.
(e) No person licensed as an insurance consultant under this section
may be an executive in or employee of or own any shares which give him a
substantial interest, direct or indirect, in any authorized insurer. No
such consultant may recommend or encourage the purchase of insurance,
annuities or securities from any authorized insurer in which any member
of his immediate family holds an executive position or holds a
substantial interest.
(f) The superintendent may issue a replacement for a currently in
force license which has been lost or destroyed. Before such replacement
license shall be issued, there shall be on file in the office of the
superintendent a written application for such replacement license,
affirming under penalty of perjury that the original license has been
lost or destroyed, together with a fee of fifteen dollars.