Insurance Licensing State Requirements

New York State Insurance Department Licensing Bureau

Address: One Commerce Plaza Suite 2003 Albany, New York 12257 Phone: Fax: 518-474-6630 518-474-5048 Website: http://www.ins.state.ny.us E-mail: licensing@ins.state.ny.us

Exam Provider: PSI

To obtain a Licensing Information Bulletin, go to the PSI website at http://www.psiexams.com. To schedule an exam, contact PSI at http://www.psiexams.com or 800-733-9267.

Prelicensing Education Hour Requirements

Life, Accident & Health - 40 Hours (minimum of 20 classroom hours required)*. Life (only) - 20 Hours (minimum of 10 classroom hours required)*. Accident & Health (only) - 20 Hours (minimum of 10 classroom hours required)*. Property & Casualty - 96 Hours (minimum of 90 classroom hours required)*. Personal Lines - 43 Hours (minimum of 40 classroom hours required)*.

Acceptable Methods of Education

Classroom*. Online.

Certificate of Completion Requirements

To be issued a School Certificate, candidates must comply with all prelicensing course attendance requirements and pass the final course exam (minimum score of 70% required). Candidates must permanently retain the certificate, but it is not needed at exam. When submitting a license application, applicant must present evidence that they possess a school certificate. Certificates are good for a lifetime.

Exam and/or Prelicensing Education Exemptions Candidates with the following designations or certifications are exempt from prelicensing education requirements and Part 1 of the exam. In order to be licensed:

CLU® designees need only take the Life & Health Laws and Regulations exam. CPCU® designees need only take the Property & Casualty Laws and Regulations exam.

This information pertains to resident license applicants. For additional information for resident licensing, or for nonresident license information, please refer to the New York State Insurance Department website at http://www.ins.state.ny.us.

This information is based on state laws and regulations and is subject to change. Kaplan Financial Education makes every effort to make sure this information is current and accurate, however, Kaplan Financial Education is not engaged in rendering legal or professional advice and shall not be held responsible for inaccuracies contained herein.