The New York State Department of Financial Services today announced that it was again extending the expiration of individual insurance agent and broker licenses. These licenses will now expire on August 7. The move grants producers an additional 30 days to renew their licenses. The requirement that a monitor be present to complete producer continuing education and pre-licensing course exams online also remains suspended.
Be aware that this extention applies to individual licenses only. It does not apply to licenses issued to business entities.
On March 25, the department announced that it was suspending the expiration of producers’ licenses for 60 days, through May 24, due to anticipated difficulty for producers to meet continuing education requirements during the current pandemic. All licenses with expiration dates between those dates were automatically extended to expire on May 25. The department subsequently extended the deadline to July 8. Today’s announcement pushes that expiration date back to August 7. For example, a license scheduled to expire on July 2 will now expire on August 7.
Visit the Big I NY Education Calendar to find webinars that you can take to meet the continuing education credit requirements.