On May 9, the New York state Assembly passed S.8127, which would simplify the excess-line insurance placement affidavit requirements brokers must complete before placing insurance in the excess marketplace. The bill passed the state Senate on March 23, so the final...
A bill that would exempt agents from the diligent-effort requirement in certain circumstances passed the New York state Senate on Monday, with a 62-0 vote. The legislation (S.8128), which is sponsored by Sen. Neil D. Breslin, D-44, would eliminate the excess-lines...
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...
Legislation to streamline the process of placing commercial policies in the excess-lines market has passed the New York state Senate (63-0) on May 24. The bill (S.498A) would simplify the excess-lines affidavit that producing brokers must complete as part of the...
Each year, PIANY tackles legislation that its members identify as vital to the insurance industry, their clients and their businesses. They become PIANY’s legislative focus for the legislative session. In the first quarter of 2021, activity centered on these PIANY...