Question from an IIABNY member: Back in the day when I became a licensed broker, the only P&C option available was a full P&C license to become an agent or broker. Now with GEICO coming to western New York, the option of having a personal lines license is available. My question is, if a staff member opts to only obtain a personal lines brokers license, as an agency does that prohibit us from allowing the staff member to do certain things in commercial lines? I understand that they shouldn’t be selling commercial lines but what about serving commercial lines?
Answer: I think the best way to answer this question is to look at the definitions in New York insurance law, specifically Section 2101.