With the onset of the COVID-19 pandemic in 2019, the world had to grapple with both a public health and economic catastrophe. Therefore, it doesn’t seem coincidental that through the surge in remote employment, unemployment rates rising, and the reliance on technology...
N.J.: New law changes the dates of certain primary election deadlines
Gov. Phil Murphy signed S-3595/A-5177 of 2022 into law on March 9, 2023. This law makes procedural amendments to update New Jersey’s primary election laws by adjusting the timeline of several of the state’s primary election deadlines. More specifically, the...
N.J. pay-to-play annual disclosure due March 30
New Jersey’s pay-to-play law (P.L. 2005, c. 271 Section 3), requires insurance agencies to file electronic annual disclosure statements by Thursday, March 30, 2023. Insurance agencies that have received $50,000 or more in the aggregate during the 2022 calendar...
N.Y.: Risk retention placement reports due March 15
New York State Insurance Law Section 5904 requires producers placing New York state business with risk retention groups not chartered in the state to report this business by March 15, 2023. To comply with New York State Insurance Law Section 5904(c), if a business has...
N.Y.: PIA-priority ‘bait and switch’ bill introduced in Assembly
Another day, another PIANY legislative priority has been introduced. Assemblyman David Weprin, D-24, the new chair of the Assembly Insurance Committee, introduced A.4668, which would restrict the harmful “bait and switch” practice in personal auto insurance, on Feb....
Can carriers blacklist vehicles because of TikTok?
Last week, the New Hampshire Insurance Department released a reminder that insurance companies in the state could not decline to offer coverage for private passenger vehicles based on manufacturer. The NHID specifically cited two manufacturers as examples of carriers...
PIANY continuing its work to repeal N.Y.’s antiquated arson law
New York City is unique. More than eight million people live in New York City and it is home to over 800 different languages. It is also the only city in New York state that still requires certain property owners to complete an anti-arson application to purchase...
Q&A: What you need to know about N.J.’s new handgun liability insurance law
Gov. Phil Murphy signed P.L. 2022, C.131 into law, which requires any person in the state carrying a handgun in public, to maintain liability insurance coverage. What you need to know about this new law: What does it say? The new law is a comprehensive gun safety law...
N.J.: Compulsory handgun liability insurance bill signed into law
Legislation that will require owners of handguns who carry in public to purchase liability insurance has been signed into the law. As previously reported, the Legislature worked quickly to pass this new law, P.L. 2022, C.131. Originally, the legislation was introduced...
PIANY priority legislation signed into law, placing business in excess-lines simplified
Gov. Kathy Hochul this week signed S.8127 into law. It simplifies the process for placing business in the excess-lines marketplace. The new law, sponsored by Sen. Neil Breslin, D-44, and Assemblymember Pamela Hunter, D-128, reduces excessive reporting requirements....