Yearly Archives: 2020

Ask Tim: N.Y. Workers’ Comp Coverage Endorsement on Homeowners Policy

​The following is a re-publication of a post that originally ran in 2011.Question from an IIABNY member: I have a personal lines customer who called saying he has a person come to his house every other week and do five hours worth of cleaning. He wanted to confirm there is liability coverage should she be hurt. I called the insurance carrier and the underwriter forwarded the attached Workers Comp endorsement, which to me is a bit confusing. Can you advise your understanding of this endorsement? I would assume if she were hurt on the premises and the insured was negligent (i.e. he allowed her to…

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DFS Nixes Requirement To Have Exams Monitored

​The New York State Department of Financial Services will no longer require that an insurance producer have a monitor present during an exam following a ​continuing education course. The department announced the change in a November 2 circular letter.Due to the COVID-19 pandemic, DFS started issuing a series of circular letters​ in March that extended producer license expiration dates and made other temporary changes. Among those changes was a moratorium on the requirement to have a monitor present during a CE exam. A circular issued in August extended the changes to November 5. The new circular stated in part:DFS hereb​y eliminates the requirement that a monitor…

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