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Financial Services Law Insights and Observations

NYDFS extends suspension of license expiration for individual insurance producers

State Issues Covid-19 NYDFS New York Licensing Insurance Insurance Licensing

State Issues

On July 2, the New York Department of Financial Services issued a supplement that extends the relief provided by Insurance Circular Letter No. 9, previously covered here. The letter, which, among other things, suspended the expiration of licenses for individual insurance producers, has been extended for an additional 30 days through August 7, 2020. Licenses that would have expired but for the extension will automatically expire on August 7, 2020, unless the producer has submitted a license renewal application and completed all necessary continuing education credits before that date.

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