NY | The New York Department of Financial Services today issued Supplement No. 4 to its Insurance Circular Letter No. 9 (2020). The original letter:
- suspended the expiration of licenses for all individual producers
- waived any late fees
- suspended monitoring requirements for prelicensing and continuing education courses
These provisions were in effect for 60 days. Subsequently supplements extended these provisions.
Supplement No. 4 eliminates the requirement that a monitor be present when an insurance producer takes any exam at the conclusion of either a continuing education or prelicensing course. This change does not modify the requirement to take an exam at the conclusion of a self-study continuing education course or online prelicensing course as set forth in the Continuing Education Criteria and Prelicensing Criteria.