New York Governor Vetoes Producer Continuing Ed Bill
December 3, 2019 by Allison Bell
New York state Gov. Andrew Cuomo, D, has vetoed a bill that could have helped the National Association of Insurance and Financial Advisors (NAIFA) and other insurance producer groups support their policy analysis and producer education operations.
The bill, Senate Bill 4365, would let insurance agents and brokers use active membership in groups like NAIFA to provide three hours of continuing education credit.
New York state Sen. Neil Breslin, is a Democrat who represents Albany, New York. The bill passed 62-0 in the state Senate June 4, and it passed 146-0 in the Assembly June 18. At press time, Cuomo had not given an explanation of the veto.
Cuomo vetoed a similar bill in 2018, on the ground that the previous bill would have given a producer too much credit for being an active member of a professional association. The bill vetoed in 2018 would have given a producer six hours of credit for participating in a qualified professional association.
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