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NY A09088
Bill
Status
Introduced
1/31/2022
Primary Sponsor
Pamela Hunter
Click for details
AI Summary
- Amends Insurance Law Section 2118 to modify affidavit requirements for excess line insurance placements
- Requires licensees and affirming brokers to record only the name and national association of insurance commissioners code of each authorized insurer that declines a risk
- Limits affidavit information to the basis for believing an authorized insurer might write the coverage type or class of insurance involved
- Prohibits reporting of additional diligent effort information on the affidavit
- Takes effect immediately but expires with the expiration of the underlying Insurance Law subsection
Legislative Description
Simplifies the excess line insurance placement affidavit requirements.
Last Action
substituted by s8127
5/9/2022
Committee Referrals
Insurance1/31/2022
Full Bill Text
No bill text available