Big I NY Single Producer License Bill Introduced

Abstract: Big I New York’s bill to create a single insurance producer’s license has been introduced in the New York State Assembly.
Body:

bill-7084252_640.png

Big I New York’s bill to create a single insurance producer’s license has been introduced in the New York State Assembly. Assemblymember Pamela J. Hunter (D – 128th District) introduced Assembly Bill 8065 in that chamber on April 22, 2025.

The bill would replace separate licenses for insurance agents and brokers with a single producer’s license. Separate licenses for the life/health and property/casualty lines of authority would continue to exist.

The bill would conform New York’s licensing system with those in most other states. It would also end confusion over whether an individual should hold an agent’s license, a broker’s license, or both. Big I New York members often report that insurance carriers require licensed employees to hold agents’ licenses. In many cases, a broker’s license is more appropriate for that individual.

The bill awaits consideration by the Assembly Insurance Committee. We are working to secure a sponsor for the bill in the Senate.

Category: Advocacy
Published: 5/6/2025 1:27 PM
Author: Tim Dodge
IAFeaturePost: NONE

Source