Title Insurance Agent License in New York

New York licenses insurance professionals as Insurance Producers (formerly agents and brokers) through the New York State Department of Financial Services (DFS). New York is the second largest insurance market in the United States and one of the most complex regulatory environments. The state distinguishes between Insurance Agents (who represent insurers) and Insurance Brokers (who represent consumers), each requiring separate licensing. New York City is the global capital of insurance and reinsurance, home to major carriers, Lloyd's of London syndicates, and the Insurance Services Office (ISO/Verisk). Pre-licensing education requires 40 hours for the accident and health line and 90 hours for the property and casualty line — among the highest in the nation. New York requires fingerprint-based criminal background checks. The state has strict regulations around producer compensation disclosure and anti-rebating rules. Continuing education is 15 hours per year for the first four years and 15 hours biennially thereafter. New York participates in NIPR for non-resident licensing.