New York State Insurance Department

The New York State Insurance Department (NYSID) was the state agency responsible for supervising and regulating all insurance business in New York State.[1] It was regarded in the industry as one of the most state-of-the-art insurance regulatory agencies.

Continuing education for insurance professionals is regulated by each state's Department for Insurance, although there are commonalties across the states. See Insurance Continuing Education.

Effective October 3, 2011, Governor Andrew Cuomo and the New York State Legislature consolidated the New York State Insurance Department and the New York State Banking Department and created the New York State Department of Financial Services.[1][2]

  1. ^ a b [History, About Us, New York State Department of Financial Services, retrieved on March 5, 2012, at http://www.dfs.ny.gov/about/history.htm New York State Department of Financial Services website]
  2. ^ Part A of Chapter 62 of the Laws of 2011