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Dec 28
DFS: Licensees Whose Licenses Renew Before 4/1/22 Not Required to Show Compliance with New CE Subject Requirements

​​The ​​DFS has responded to Big I NY's request for clarification about the implementation of new continuing education requirements. 

On November 12, 2021, the Sixth Amendment to 11 NYCRR 20 (Insurance Regulations 9, 18, and 29) took effect. This amendment mandates that of the 15 continuing education required to be completed every two years by certain insurance producers and public adjusters (collectively, “licensees") at least one credit of Insurance Law instruction, one credit ethics and professionalism instruction, one credit of diversity, inclusion, and elimination of bias instruction, and, for those licensed to sell one or more lines of property/casualty insurance, one credit of flood insurance instruction, must be completed. In addition, if the licensee sells flood insurance through the National Flood Insurance Program, the licensee must take at least three credits of enhanced flood insurance instruction.

The regulation states that the requirements “shall apply to a licensee whose license renews on or after April 1, 2022." According to DFS:

“…the intent of this applicability date was to give the Department sufficient time to revise and test the renewal application to accommodate the amendments to this regulation and to approve continuing education courses. However, because the Department continues to revise and test the renewal application and approve continuing education courses, licensees whose licenses renew before April 1, 2022 may continue to renew their licenses without showing compliance with the new continuing education requirements, through March 31, 2022 (emphasis added). Beginning on April 1, 2022, licensees who are required take continuing education will not be able to submit renewal applications without having completed the continuing education courses mandated by the amendment."


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