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Continuing Education Requirements
This information is intended to provide answers to commonly asked questions by insurance agents. It is not intended to replace detailed information found in your state’s statutes and regulations. Though we have made reasonable efforts to ensure that the information given is reliable and current, we cannot guarantee that it is. For more information please contact your state insurance department. See contact information below.
• 15 credit hours biennially for a single license
Approved Course Delivery Methods
• Written and Online self-study courses (passing grade of 70% required on final exam)
Self-study final exams have monitor requirements. The monitor must be a state approved individual or organization. Click here for monitor information or to find a state approved monitor in your area.
Interactive Onine courses - The exam Monitor must complete the monitor form in its entirety before the exam is accessible. Upon completion of the exam, both monitor and student will sign an electronic attestation stating that the course was completed without assistance and observed by the monitor during the exam taking process. Upon successful completion, the student will be able to print the certificate of completion for the course. Credits will be reported the next business day to the NY DOI.
Self-study Online courses - The exam Monitor must complete the monitor form in its entirety before the exam is accessible. Upon completion of the exam, both monitor and student will sign an electronic attestation stating that the course was completed without assistance and observed by the monitor during the exam taking process. Upon successful completion, the student will be able to print the certificate of completion for the course. Credits will be reported the next business day to the NY DOI.
Self-study Textbook courses - A final exam packet will be included with the self-study textbook. The exam packet is to be opened by the state approved monitor ONLY. Upon completion of the final exam, fax or mail your paper answer form along with the affidavits of completion signed by monitor and student to Cape for processing.
Course Subject Requirements
• Courses must be approved for lines of insurance for which license is held.
One Time Annuity Requirement - Regulation 187 (Part 224 of Title 11 of the Official Compilation of the State of New York) requires insurers to set forth standards and procedures for recommendations to consumers with respect to annuity contracts so that the insurance needs and financial objectives of the consumers are appropriately addressed. These standards and procedures are substantially similar to the NAIC Suitability in Annuity Transactions Model Regulation. It is the responsibility of the producer to know the annuity training requirements of the insurance company with whom he or she works.
Excess credit hours may not be carried over to the next reporting period.
Effective January 1, 2009, a licensee will no longer receive credit for any course previously completed for continuing education credit. Enforcement of this policy will begin with every license renewal or relicensing application processed after January 31, 2009. Licensees must maintain records of completed continuing education courses and will be held responsible if a course is repeated.
• Non-resident agents whose home state requires CE and has a reciprocal agreement with New York.
Cape School, as a NYDFS Approved Provider of Insurance Education, will be providing the certification necessary to participate in the NY Exchange. Cape School, as a NYDFS Approved Provider of Insurance Education, will be providing the certification necessary to participate in the NY Exchange. The certification consists of two 8 hour classes developed by NYHBE and NYDFS. The first class, 8 hour NYHBE SHOP Certification is for small group (2-50 employees) health insurance and another for the Individual Market(still being developed by NYHBE and NYDFS). The class will conclude with a 50 question final exam that must be passed (70) in order to receive certification and continuing education. Producers cannot initiate the certification process with the NYHBE until the NYDFS receives the certification course completion.
Below is some information about the Exchange and how it will impact you, the Producer.
Affordable Care Act
The act will not provide every person in America with insurance. However, it is projected to allow an additional 32 million individuals throughout the United States to gain coverage. In the state of New York the ACA will enable about 1.1 million people to acquire coverage.
NY State of Health website www.NYStateofHealth.NY.gov
Cape will report credits to the NY Department of Insurance within 30 days of course completion. A course completion certificate is provided for the agent’s records.
If you have any questions regarding renewal or credits, please contact:
New York Department of Financial Services