NY Ins L § 2203 (2021)
2021 New York Laws ISC - Insurance Article 22 - Certification of Employees of Insurers and Savings Banks Offering Life Insurance 2203 - Issuance and Duration.

§  2203.  Issuance and duration. (a) The superintendent shall issue to the insurer or the savings bank, a certificate with respect to each such applicant who has complied with the requirements of this article.  (b) Any certificate  currently  in  force  issued  to  an  officer  or employee  of  a  licensed  insurer  or of a savings bank shall be deemed terminated as of August thirty-first, nineteen hundred  ninety-five.  On or  after  July  first,  nineteen  hundred ninety-five, all certificates issued pursuant to this section  shall  be  for  a  term  of  two  years expiring  on June thirtieth of odd numbered years. Such certificates may be issued for all of such two year  terms,  or,  upon  application  made during such term, for the balance thereof.  (b-1)  Any certificate shall be considered in good standing within the certificate term unless:  (1) revoked or  suspended  by  the  superintendent  pursuant  to  this article.  (2)  all  certificates  have been terminated by the insurer or savings bank employing the officer or employee, or the  insurer  employing  such officer or employee ceases to be licensed to do an insurance business in this  state,  or  the  savings  bank  employing such officer or employee ceases to be authorized to conduct the business  of  life  insurance  in this state, at which time the certificate shall be terminated.  (3)  if  at  the expiration date of the certificate term, provided the certificate was in good standing during the term, the certified  officer or employee fails to file a renewal application.  (b-2)  Before  the  renewal  of  any  certificate shall be issued, the following requirements shall be met:  (1) The certified officer or employee shall  have  filed  a  completed renewal  application  in  such form or forms and supplements thereto and containing such information as the superintendent may prescribe.  (2) The certified officer or employee shall have paid such fees as are prescribed in this section.   * (3) The certified officer  or  employee  shall  have  met  the  same requirements for continuing education as are required for the renewal of an  agent's  license  pursuant  to  section  two  thousand  one  hundred thirty-two of this chapter for the types  of  insurance  for  which  the officer or employee is certified.   *  NB  Applicable  only  to  certificate renewals on and after July 1, 1997.  (b-3) If an application for certificate renewal shall have been  filed with the superintendent before July first of the year of expiration, the certificate sought to be renewed shall continue in full force and effect either   until  the  issuance  by  the  superintendent  of  the  renewal certificate applied for or until  five  days  after  the  superintendent shall  have  refused  to  issue  such renewal certificate and shall have given notice of such refusal to the applicant. Before refusing to  renew any  such certificate, except on the ground of failure to pass a written examination, the  superintendent  shall  notify  the  applicant  of  his intention  to  do  so  and  shall give such applicant the opportunity to request a hearing.  (b-4) In addition to any examination fee required by paragraph one  of subsection  (b) of section two thousand two hundred two of this article, there shall be paid to the superintendent for each certificate applicant the sum of twenty dollars for each year or fraction of a year in which a certificate shall be  valid.  If,  however,  the  certificate  applicant should  withdraw  the  application or the superintendent should deny the application  before  the  certificate  applied  for   is   issued,   the superintendent  may  refund  the  fee  paid  by  the  applicant  for the certificate applied for with  the  exception  of  any  examination  fees  required  pursuant  to  paragraph  one  of subsection (b) of section two thousand two hundred two of this article.  (b-5)  An  application for the renewal of a certificate filed with the superintendent after May first of the  year  in  which  the  certificate expires  shall  be  subject  to  a  further  fee for late filing of five dollars.  (c) The superintendent may require any certified officer  or  employee of any insurer or savings bank to submit a new application at any time.