
New York Finance Licensing

Licenses are typically required for individuals and businesses that provide finance industry services in the United States. This guide contains information about professional finance licensing in New York.
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- New York Financial Services Company Licenses
- Local Financial Services Company Licenses
- New York Individual Financial Services Licenses
Company Licenses
New York Financial Services Company Licenses
New York Collection Agency License
Not required
Debt Collection Agency licensure is not required on the State level in New York.
Collection agencies are licensed at the county and city level in New York.
New York Excess Lines License - Non-Resident
Agency: | New York Department of Financial Services |
Foreign Qualification is Prerequisite: | Not Set |
Exam Required? | Not Set |
Registered Agent (Special Agency) Required? | Not Set |
Initial Registration
Filing Method: | |
Agency Fee: | $400 |
Registration Renewal
Filing Method: | |
Agency Fee: | $600 |
Due: | Biennially by October 31. |
New York Excess Lines License - Resident
Agency: | New York Department of Financial Services |
Foreign Qualification is Prerequisite: | Not Set |
Exam Required? | Not Set |
Registered Agent (Special Agency) Required? | Not Set |
Initial Registration
Filing Method: | |
Agency Fee: | $50 |
Registration Renewal
Filing Method: | |
Agency Fee: | $75 |
Due: | Biennially by October 31. |
New York General Consultant License
Agency: | New York Department of Financial Services |
Foreign Qualification is Prerequisite: | Not Set |
Exam Required? | Not Set |
Registered Agent (Special Agency) Required? | Not Set |
Initial Registration
Filing Method: | Mail or online. Email licensing.applications@dfs.ny.gov to obtain a paper application and instructions. |
How to Apply: |
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Registration Renewal
Filing Method: | |
Due: | By March 31 of odd-numbered years. |
New York Independent Adjuster License
Agency: | New York Department of Financial Services |
Foreign Qualification is Prerequisite: | Yes |
Bond Requirements: | $1,000 |
Exam Required? | Not Set |
Registered Agent (Special Agency) Required? | Not Set |
Initial Registration
Filing Method: | Mail or online. Email licensing.applications@dfs.ny.gov to obtain a paper application and instructions. |
Agency Fee: | $100 for full licensing period (applications submitted during odd-numbered years); $50 for half licensing period (applications submitted during even-numbered years). |
Notes: | Ensure all application materials are clipped or stapled together. DFS may reject application materials as "submitted separately" if pages are not fastened. |
How to Apply: |
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Bond Amount: | $1,000 |
Registration Renewal
Form: | Entity Form - Original/Relicensing: Application for Independent Adjuster's License |
Filing Method: | File by mail. |
Agency Fee: | $100 |
Due: | January 1 of odd-numbered years. |
Notes: | Ensure all application materials are clipped or stapled together. DFS may reject application materials as "submitted separately" if pages are not fastened. |
Bond Amount: | $1,000 |
New York Insurance Agency License
Agency: | New York Department of Financial Services |
Foreign Qualification is Prerequisite: | Not Set |
Exam Required? | Not Set |
Registered Agent (Special Agency) Required? | Not Set |
Initial Registration
This section applies to insurance firms that are applying for a license in New York for the first time.
Agency: | New York Department of Financial Services |
Form: | |
Agency Fee: | Varies by insurance type. Baseline of $100 |
New York Life and/or Accident/Health Agent License
Agency: | New York Department of Financial Services |
Foreign Qualification is Prerequisite: | Not Set |
Exam Required? | Not Set |
Registered Agent (Special Agency) Required? | Not Set |
Initial Registration
Filing Method: | Mail or online. Email licensing.applications@dfs.ny.gov to obtain a paper application and instructions. |
Agency Fee: | $80 per sub-licensee if New York is your home state. If not, see the fee schedule retaliatory fee details. |
How to Apply: |
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Registration Renewal
Filing Method: | |
Agency Fee: | $80 per sub-licensee if New York is your home state. If not, see the fee schedule retaliatory fee details. |
Due: | By June 30 of odd-numbered years. |
New York Life Broker License
Agency: | New York Department of Financial Services |
Foreign Qualification is Prerequisite: | Not Set |
Exam Required? | Not Set |
Registered Agent (Special Agency) Required? | Not Set |
Initial Registration
Filing Method: | Mail or online. Email licensing.applications@dfs.ny.gov to obtain a paper application and instructions. |
Agency Fee: | $80 per sub-licensee if New York is your home state. If not, see the fee schedule retaliatory fee details. |
How to Apply: |
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Registration Renewal
Filing Method: | |
Agency Fee: | $80 per sub-licensee if New York is your home state. If not, see the fee schedule retaliatory fee details. |
Due: | By October 31 of even-numbered years. |
New York Life Consultant License
Agency: | New York Department of Financial Services |
Foreign Qualification is Prerequisite: | Not Set |
Exam Required? | Not Set |
Registered Agent (Special Agency) Required? | Not Set |
Initial Registration
Filing Method: | Mail or online. Email licensing.applications@dfs.ny.gov to obtain a paper application and instructions. |
How to Apply: |
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Registration Renewal
Filing Method: | |
Due: | By March 31 of odd-numbered years. |
New York Life Settlement Broker License
Agency: | New York Department of Financial Services |
Foreign Qualification is Prerequisite: | Not Set |
Exam Required? | Not Set |
Registered Agent (Special Agency) Required? | Not Set |
Initial Registration
Filing Method: | Mail or online. Email licensing.applications@dfs.ny.gov to obtain a paper application and instructions. |
How to Apply: |
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Registration Renewal
Filing Method: | |
Due: | By June 30 of odd-numbered years. |
New York Life Settlement Provider License
Agency: | New York Department of Financial Services |
Foreign Qualification is Prerequisite: | Not Set |
Exam Required? | Not Set |
Registered Agent (Special Agency) Required? | Not Set |
Initial Registration
Filing Method: | Mail or online. Email licensing.applications@dfs.ny.gov to obtain a paper application and instructions. |
How to Apply: |
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Registration Renewal
Filing Method: |
New York Limited Rental License
Agency: | New York Department of Financial Services |
Foreign Qualification is Prerequisite: | Not Set |
Exam Required? | Not Set |
Registered Agent (Special Agency) Required? | Not Set |
Initial Registration
Filing Method: | Mail or online. Email licensing.applications@dfs.ny.gov to obtain a paper application and instructions. |
How to Apply: |
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Registration Renewal
Filing Method: |
New York Property & Casualty Agent License
Agency: | New York Department of Financial Services |
Foreign Qualification is Prerequisite: | Not Set |
Exam Required? | Not Set |
Registered Agent (Special Agency) Required? | Not Set |
Initial Registration
Filing Method: | Mail or online. Email licensing.applications@dfs.ny.gov to obtain a paper application and instructions. |
Agency Fee: | $80 per sub-licensee if New York is your home state. If not, see the fee schedule retaliatory fee details. |
How to Apply: |
|
Registration Renewal
Filing Method: | |
Agency Fee: | $80 per sub-licensee if New York is your home state. If not, see the fee schedule retaliatory fee details. |
Due: | By June 30 of odd-numbered years. |
New York Property/Casualty Broker License
Agency: | New York Department of Financial Services |
Foreign Qualification is Prerequisite: | Not Set |
Exam Required? | Not Set |
Registered Agent (Special Agency) Required? | Not Set |
Initial Registration
Filing Method: | Mail or online. Email licensing.applications@dfs.ny.gov to obtain a paper application and instructions. |
Agency Fee: | $80 per sub-licensee if New York is your home state. If not, see the fee schedule retaliatory fee details. |
How to Apply: |
|
Registration Renewal
Filing Method: | |
Agency Fee: | $80 per sub-licensee if New York is your home state. If not, see the fee schedule retaliatory fee details. |
Due: | By October 31 of even-numbered years. |
New York Public Adjuster License
Agency: | New York Department of Financial Services |
Foreign Qualification is Prerequisite: | Not Set |
Exam Required? | Not Set |
Registered Agent (Special Agency) Required? | Not Set |
Initial Registration
Filing Method: | Mail or online. Email licensing.applications@dfs.ny.gov to obtain a paper application and instructions. |
How to Apply: |
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Registration Renewal
Filing Method: | |
Due: | By December 31 of even-numbered years. |
New York Reinsurance Intermediary License
Agency: | New York Department of Financial Services |
Foreign Qualification is Prerequisite: | Not Set |
Exam Required? | Not Set |
Registered Agent (Special Agency) Required? | Not Set |
Initial Registration
Filing Method: | Mail or online. Email licensing.applications@dfs.ny.gov to obtain a paper application and instructions. |
How to Apply: |
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Registration Renewal
Filing Method: | |
Due: | By August 31 of even-numbered years. |
New York Service Contract Registration License
Agency: | New York Department of Financial Services |
Foreign Qualification is Prerequisite: | Not Set |
Exam Required? | Not Set |
Registered Agent (Special Agency) Required? | Not Set |
Initial Registration
Filing Method: | Mail or online. Email licensing.applications@dfs.ny.gov to obtain a paper application and instructions. |
How to Apply: |
|
Registration Renewal
Filing Method: |
New York Third Party Administrator License
Initial Registration
Form: | |
Filing Method: | Email licensing@wcb.ny.gov |
Agency Fee: | $0 |
Law: | NYCRR Section 302-1.2 |
Before you Apply: |
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Registration Renewal
Form: | |
Filing Method: | Email licensing@wcb.ny.gov |
Agency Fee: | $0 |
Due: | Triennially by date of issuance. |
Required Attachments: |
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New York Title Insurance Agent License
Agency: | New York Department of Financial Services |
Foreign Qualification is Prerequisite: | Not Set |
Exam Required? | Not Set |
Registered Agent (Special Agency) Required? | Not Set |
Initial Registration
Filing Method: | Mail or online. Email licensing.applications@dfs.ny.gov to obtain a paper application and instructions. |
How to Apply: |
|
Registration Renewal
Filing Method: | |
Due: | By June 30 of odd-numbered years. |
New York Utilization Review Agent Report
Initial Registration
Form: | |
Agency Fee: | $0 |
Required Attachments: |
|
Registration Renewal
Form: | |
Agency Fee: | $0 |
Due: | Biennially by the registration anniversary date. |
Local Financial Services Company Licenses
Buffalo Collection Agency License
Foreign Qualification is Prerequisite: | Not Set |
Bond Requirements: | $5000 |
Exam Required? | Not Set |
Registered Agent (Special Agency) Required? | Not Set |
Initial Registration
Form: | |
Filing Method: |
Registration Renewal
Instructions: | Renewal Application Mailed to Applicant |
Filing Method: | |
Agency Fee: | $400 |
Due: | Biennially by September 30. |
Individual Licenses
New York Individual Financial Services Licenses
New York Excess Lines License - Non Resident
Agency: | New York Department of Financial Services |
Foreign Qualification is Prerequisite: | No |
Exam Required? | Not Set |
Registered Agent (Special Agency) Required? | No |
Initial Registration
Filing Method: | |
Agency Fee: | If issued for less than one year, $200. If issued for greater than one year $400 |
Registration Renewal
Filing Method: | |
Agency Fee: | If issued for less than one year, $200. If issued for greater than one year $400 |
Due: | Biennially by the end of the licensee's birth month. |
New York Excess Lines License - Resident
Agency: | New York Department of Financial Services |
Foreign Qualification is Prerequisite: | Not Set |
Exam Required? | Not Set |
Registered Agent (Special Agency) Required? | Not Set |
Initial Registration
Filing Method: | |
Agency Fee: | $50 |
Registration Renewal
Filing Method: | |
Agency Fee: | $50 |
Due: | Biennially by the end of the licensee's birth month. |
New York Insurance Agent License
Agency: | New York Department of Financial Services |
Foreign Qualification is Prerequisite: | Not Set |
Exam Required? | Not Set |
Registered Agent (Special Agency) Required? | Not Set |
Initial Registration
This section applies to insurance agents that are applying for a license in New York for the first time.
Agency Fee: | From $0 to $7,500 depending on license type |
Registration Renewal
Filing Method: | |
Agency Fee: | Varies based on Retaliatory Fee |
Due: | Biennially |
New York Life and Accident/Health Agent License - Non-Resident
Agency: | New York Department of Financial Services |
Foreign Qualification is Prerequisite: | No |
Exam Required? | Not Set |
Registered Agent (Special Agency) Required? | No |
Initial Registration
Filing Method: | |
Agency Fee: | Fees vary by home state. See the Life/Accident and Health/Variable Annuity Agent Fee Schedule for details. |
Registration Renewal
Filing Method: | |
Agency Fee: | Fees vary by home state. See the Life/Accident and Health/Variable Annuity Agent Fee Schedule for details. |
Due: | Biennially on the licensee's date of birth. If the licensee was born in an even-numbered year, their license must be renewed during even-numbered years. If the licensee was born in an odd-numbered year, their license must be renewed during odd-numbered years. |
New York Life Broker License - Non-Resident
Agency: | New York Department of Financial Services |
Foreign Qualification is Prerequisite: | No |
Exam Required? | Not Set |
Registered Agent (Special Agency) Required? | No |
Initial Registration
Filing Method: | |
Agency Fee: | Fees vary by home state. See the Life Broker Fee Schedule for details. |
Registration Renewal
Filing Method: | |
Agency Fee: | Fees vary by home state. See the Life Broker Fee Schedule for details. |
Due: | Biennially on the licensee's date of birth. If the licensee was born in an even-numbered year, their license must be renewed during even-numbered years. If the licensee was born in an odd-numbered year, their license must be renewed during odd-numbered years. |
New York Property & Casualty Agent License - Non Resident
Initial Registration
Instructions: |
|
Filing Method: | |
Agency Fee: | Non-residents, please see the fee chart to determine the licensing fee. |
Penalties: | There is a $20 fee for any e-check or paper check returned by the bank for insufficient funds. |
Registration Renewal
Filing Method: | |
Agency Fee: | Non-residents, please see the fee chart to determine the licensing fee. |
Due: |
|
New York Property & Casualty Agent License - Resident
Initial Registration
Exemption Eligible Organizations: |
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Filing Method: | |
Agency Fee: | For New York residents the full fee is $80, half fee is $40. Non-residents, please see the fee chart to determine the licensing fee. |
Penalties: | There is a $20 fee for any e-check or paper check returned by the bank for insufficient funds. |
Before you Apply: |
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Registration Renewal
Filing Method: | |
Agency Fee: | For New York residents the full fee is $80, half fee is $40. Non-residents, please see the fee chart to determine the licensing fee. |
Due: |
|
Penalties: | There is a $20 fee for any e-check or paper check returned by the bank for insufficient funds. |
New York Property & Casualty Broker License - Non Resident
Initial Registration
Filing Method: | |
Agency Fee: | See fee chart to determine fee. |
Notes: | Match the submission code numbers listed under the Resident or Non-Resident columns with the corresponding numbers on the Submission Requirements Chart to determine what must be submitted with the license application. |
Registration Renewal
Filing Method: | |
Agency Fee: | See the fee chart to determine the licensing fee. |
Due: |
|
Penalties: | There is a $20 fee for any e-check or paper check returned by the bank for insufficient funds. |
Explore licensing in other states:
Adjuster - A person or firm that is paid to adjust, investigate, and negotiate claim settlements. There are 3 categories of adjusters: company, independent, and public. Company adjusters work for insurance companies and investigate claims on behalf of the company. Independent adjusters investigate claims on a contractual basis for insurance companies. Public adjusters investigate claims on behalf of claimants, usually to determine the amount of money that can be claimed.
Agent in Charge - A licensed individual responsible for the supervision of all individuals within an insurance agency. The agent in charge must be licensed in the same lines as the agency.
Insurance Agent - Insurance agents act as intermediaries between the insurance company and policyholders. Agents can be either captive or independent. Captive agents represent a single insurance company, while independent agents represent multiple insurers.
Insurance Broker - Individuals who sell insurance policies while representing the interests of the buyer. Brokers are typically independent intermediaries without an insurance company affiliation.
Insurance Producer - May be used to refer to either individual insurance agents and brokers or insurance agencies and brokerages.
Managing General Agent - An agent or broker that is involved in underwriting and has other areas of authority normally handled by insurers. MGAs are typically involved in unusual lines of coverage or in geographically prohibitive areas.
Surplus Lines Insurer - An insurance carrier that takes on risks that a licensed carrier is unwilling to insure. Surplus lines insurers do not have access to state guaranty funds and are less tightly regulated by state governing bodies.
Third Party Administrator - An organization that manages group insurance policies and works with the employer and insurance carrier to process claims, handle loss control, and provide risk management and consulting services.
Title Agent - Title agents sell insurance that protects real estate owners against loss of ownership of a property due to a legal claim.
Viatical Settlement Provider - A company that purchases life insurance policies at a discount from individuals seeking immediately available funds.
Independent Insurance Agents and Brokers of America (Big “I”)
Advocacy group of independent insurance brokers and agents.
National Association of Insurance and Financial Advisors (NAIFA)
Professional association that advocates for favorable regulatory conditions for insurance agents and financial advisors.
National Association of Insurance Companies (NAIC)
A standard setting and regulatory support organization that is governed by state insurance regulators.
National Association of Professional Insurance Agents (PIA)
Professional association that provides education and advocacy for insurance agents throughout the United States.
National Insurance Producer Registry (NIPR)
An affiliate of the NAIC that provides streamlined and uniform producer licensing processes.
