NY | The Excess Line Association of New York (“ELANY”) has issued Bulletin No 2022-03.
All New York-licensed resident insurance producers must comply with New York’s continuing education (CE) requirements. New York CE requirements do not apply to nonresident property-casualty or excess line brokers provided the producer’s Home State has a CE requirement. New York requires 15 biennial credit hours, which must cover portions of the principal branches of insurance related to the kinds of insurance covered by a license.
Licensees whose licenses renew on or after April 1, 2022, are required to have at least seven of these 15 credit hours allocated as follows:
1) at least one hour of insurance law instruction;
2) at least one hour of ethics and professionalism instruction;
3) at least one hour of diversity, inclusion and elimination of bias instruction;
4) at least one hour of flood insurance instruction, if the licensee is licensed
to sell one or more lines of property/casualty insurance; and
5) at least three hours of enhanced flood insurance instruction,
if the licensee sells flood insurance through the NFIP.