Final answer:
Licensed insurance agents in New York must complete 15 hours of continuing education every 2 years, as required by the New York State Department of Financial Services. These hours must be completed in courses approved by the state and include a range of topics, with ethics being a compulsory component.
Step-by-step explanation:
The state of New York requires licensed insurance agents to continuously update their knowledge and skills related to their profession. According to the New York State Department of Financial Services, the continuing education requirements for licensed insurance agents are 15 hours every 2 years. This requirement is meant to ensure that insurance agents stay current with the latest laws, regulations, and practices within the insurance industry.
To maintain their license, agents must complete these hours by taking courses approved by the New York State Department of Financial Services. Completing these educational requirements is integral for agents who wish to provide the best service to their clients and uphold the integrity of the insurance profession. The courses cover a variety of topics, including ethics, which is a mandatory component of the curriculum.
It is important for agents to comply with these requirements as failure to do so can result in penalties such as fines, suspension, or even revocation of their license. Therefore, the correct answer to the question regarding the continuing education requirements for licensed insurance agents in the state of New York is B) 15 hours every 2 years.