What is the classification for an individual licensed to act as an agent in New York but residing in another state?

An individual who is licensed to act as an agent in New York while residing in another state is classified as a non-resident agent. This classification is designated for individuals who hold an insurance license in a state different from where they reside. In the context of New York, non-resident agents are required to comply with specific regulations and filing requirements to operate legally within the state.

This classification is important as it allows agents from other states to conduct business in New York, broadening the opportunities for clients to access insurance services. Non-resident agents must maintain their licensing in their home state and may be subject to different rules and regulations compared to resident agents, who live and work in the same state where they are licensed.

The other classifications do not accurately describe an agent who resides out of state. Temporary agents are typically individuals with limited licensing for a short period, independent agents refer to agents who represent multiple insurers rather than just one, and public agents are generally associated with public or governmental entities, which doesn't apply in this context.