New York state Gov. Andrew Cuomo says he vetoed a bill that could have given groups like the National Association of Insurance and Financial Advisors and the National Association of Health Underwriters a boost because he disagrees with what the bill would do.
New York state requires insurance agents and brokers to get 15 hours of continuing education credit every two years. The bill that Cuomo vetoed, state Senate Bill 4365, would give a producer up to three hours of continuing education credit every two years for being an active member of a professional group that provides regular policy updates.
Cuomo is a Democrat. New York state Sen. Neil Breslin, who’s a Democrat, was the lead sponsor. Members of the state Senate and Assembly approved the bill unanimously.
Cuomo did not explain the veto in a press release or statement, and, at press time, his veto memo was not available online.