New York had been one of three states that did not license or register title insurance agents. The NYSLTA has advocated for agent licensing for many years. In that time, we have drafted several pieces of legislation and lobbied both the legislature and the former Insurance Department.
The Administration Title Agent Licensing Bill of 2014
On January 21, 2014, Governor Andrew Cuomo presented his budget. The budget bill included a change to the Insurance Law to license title insurance agents.
This bill – designated S6357-D Part V / A8557-D Part V – was passed by the Legislature and signed into law by Governor Cuomo on April 1, 2014.