Monthly Archives: March 2023

Big I NY – Not Just For CE!!!!!

​Big I NY is ready, willing, and able to help your agency with ANY talent challenge you may have.Did you know that we:Can help you recruit talent using our partner IdealTraits.  Hire The Ideal Fit For Your Team​Have partnerships with many colleges and universities and can help you in your search for an intern.  Agency InternshipsCan help your new employees get licensed. We offer pre-licensing classes quarterly.  Pre-licensing​Have GREAT "new hire training" available from our friends at New Level Partners.  New Hire TrainingCan coach anyone in sales.  Sales CoachingHave Leadership Academy - the perfect program for your future leaders.  Leadership Academy​Offer a free service through the National Big "I" for our members and…

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DFS Fixes License Renewal Application Issue

​The New York State Department of Financial Services (DFS) said in communications to its licensees today that it has addressed problems with license renewal application processing. If you've run into problems submitting a license renewal application in the last two months, you should try again.The issue was that individual agents and brokers were being asked questions about compliance with the Cybersecurity Requirements For Financial Services Companies regulation​. That regulation exempts from its requirements individuals who are covered by another entity's cybersecurity program. For example, producers and licensed customer service representatives who are employees of an agency are covered by their employer's cybersecurity program. These individuals are exempt from…

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Albany Update: Assembly Votes to Repeal Anti-Arson Application

​​On March 9th​​​​, the NYS Assembly unanimously passed Big I NY-supported legislation to eliminate an unnecessary ​burden on customers by repealing the anti-arson application statewide. Section 3403 of the Insurance Law requires the completion of an “anti-arson application" for people seeking property insurance for fire or explosion to complete. If a policyholder fails to complete this application, which is required upon initial application for insurance and on each subsequent renewal of the policy, the insurer must cancel the policy. Technology has advance dramatically since the application was first required, and the law has outlived its usefulness. Insurance companies today are required by law to have fraud prevention plans, which are filed…

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