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...
This year has been characterized as the year when life could—hopefully—begin to assume some semblance of normalcy. However, for several reasons, 2022 is shaping up to be anything but a normal year in Connecticut state politics. A short session, federal funding...
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...
Last week, we talked about how to gain support for a bill. This week, we will review the often-complicated process a bill must go through after it’s introduced in order to pass through both chambers of the state Legislature. While on the surface it seems easy enough,...
Gov. Phil Murphy signed S-1559 into law on Tuesday, which allows consumers to bring “bad-faith” lawsuits against insurers to recover certain damages and expenses. Specifically, the new “bad faith” law—which goes into effect immediately—allows consumers to bring...
This year marks the second year of the New York state Legislature’s two-year legislative cycle. Any bill that failed to pass during the first year of the session has been returned to its chamber of origin and the process starts anew. The New York state Assembly wasted...
In Part I, we discussed how a bill is introduced in the state Legislature. In this second installment of articles discussing the legislative process in New York, we will review how to garner support for your bill—both inside and outside the Legislature. Additionally,...
I’m sure many, if not all, of you have seen the Schoolhouse Rock video I’m just a bill, about how a bill becomes a law in the U.S. The video gives an overview of the legislative process. But, have you ever wondered about the work that goes into how a bill becomes law,...
