Ny Insurance Licenses
New York State requires that anyone selling insurance products in the state must be licensed. This includes agents and brokers of property, casualty, life and health insurance, as well as public adjusters and limited lines producers, such as travel agents. All licensees must complete the mandated prelicense education and pass the appropriate licensing examinations.
The New York State Department of Financial Services regulates the insurance industry and administers the licensing program. All licensees must comply with the New York State Insurance Law and all applicable regulations. Ongoing continuing education is also required to maintain a license.
The New York State Department of Financial Services also registers and regulates life settlement providers, bail bond agents, mortgage bankers and brokers, and loan originators.
To apply for a New York insurance license, applicants must submit an application to the New York State Department of Financial Services. Applicants must also complete the required prelicense education and pass the appropriate licensing exam.
Once the application is approved and the licensing fee is paid, the applicant will receive the license. The license is valid for two years and must be renewed before it expires.
FAQs
Who needs a New York insurance license?
Anyone selling insurance products in New York State must be licensed, including agents and brokers of property, casualty, life and health insurance, as well as public adjusters and limited lines producers.
How do I apply for a license?
Applicants must submit an application to the New York State Department of Financial Services an complete the required prelicense education and pass the appropriate licensing exam.
How long is the license valid?
The license is valid for two years and must be renewed before it expires.