A bill (S.8127) that would simplify the process for placing business in the excess-lines marketplace passed the state Senate (62-1) yesterday. The legislation—sponsored by Sen. Neil D. Breslin, D-44—would reduce excessive reporting requirements. Currently, before...
Are you unable to get to the polls on Election Day? Did you know that you always can vote before Election Day through an absentee ballot or utilize your county’s early voting window? Both options are open to all voters in New York. Early voting Early voting is a...
In this final installment of our series about how a bill becomes a law in New York state, we are going to talk about the final stage of the process: rulemaking. Most people think that when a bill passes both chambers of the state Legislature and it is signed by the...
Gov. Kathy Hochul signed S.7882-A last week, which adds chapter amendments to the Comprehensive Insurance Disclosure Act (S.7052/A.8041), and amends the law to remove insurance applications from the list of insurance documents required to be turned over during civil...
Last October, the New York State Department of Financial Services announced that it changed the continuing-education requirements for insurance producers who do business in New York. The new requirements include additional education that insurance agents and brokers...
A little over a year ago, your political action committee adopted a new name and look. What is now known as the Agents Advocacy Coalition, the Official PAC of PIANY was once the Professional Insurance Agents of New York Political Action Committee (PIANYPAC). With the...
New York’s Cybersecurity Regulation (23 NYCRR 500) requires all insurance entities that hold a New York state insurance license—referred to as covered entities in the regulation—to file a certification of compliance with the New York Department of Financial Services...
Last time, we discussed how a bill moves through the legislative process, but that is not the end of the line. Just because a bill passes both chambers of the state Legislature, the bill is not guaranteed to become law. The final stop for a bill is the governor’s...
Gov. Kathy Hochul is expected to let New York’s indoor mask requirement expire on Thursday. Hochul announced in December that masks would be required to be worn in all indoor public places across New York state—unless businesses/venues implement a...
While year two of the 2021-22 New York legislative session is in full swing, the state Legislature passed several bills that are designed to amend laws passed at the end of the year one of the session. Comprehensive Insurance Disclosure Act Last month, PIANY reported...