Daily Archives: May 21, 2020

Reminder: Cybersecurity Certification of Compliance Due June 1

​This is a reminder that, even with a pandemic going on, insurance agencies and brokerages must file the Certification of Compliance required by New York's cybersecurity regulation for financial services companies. You have until Monday, June 1. In the past, the deadline for filing the certification was Feb. 15. However, in late 2019 the New York State Department of Financial Services announced that it would propose a change to the regulation, moving the deadline to April 15. When the COVID-19 pandemic hit, the department announced that it was giving all financial services companies an extra 45 days to file. The department's website now states that…

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NYS DFS Delays Producer License Expirations Through July 8

​The New York State Department of Financial Services today announced that it was extending the expiration of individual insurance agent and broker licenses through July 8. The move grants producers an additional 45 days to renew their licenses. On March 25, the department announced that it was suspending the expiration of producers' licenses for 60 days, through May 24, due to anticipated difficulty for producers to meet continuing education requirements during the current pandemic. All licenses with expiration dates between those dates were automatically extended to expire on May 25. Today's announcement pushes that expiration date back to July 9. For example, a license scheduled…

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On Our Mind…Language of Leadership

​By Jim Lombardo, CPCU, AAI, AIM, MBA, AVP of Learning & Development I am sure, like me, you receive all kinds of inspirational messages and quotes from famous people. I actually like reading them and applying the principals if they seem new or different to me. I particularly like the ones that are sensible and seem to be very logical. After all, there isn't any special sauce to being a good leader- much of it is common sense, a true concern for others and a sincere interest in learning about your team. Here is a list of some leadership “language" that I think will hit home:…

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