Thanks to the advocacy efforts of the Big I NY legislative team and members, Gov. Hochul has signed into law a bill that narrows the Supplemental Spousal Liability (SSL) opt-out to only those policyholders who indicate on their insurance application that they have a spouse.
Big I NY drove conversations with lawmakers around the customer confusion and time-burden of the original SSL opt-out requirement and engaged members in multiple grassroots calls to action urging both the State Legislature and Governor to quickly remedy the issue.
Thank you to those who made their voice heard on this matter and to lawmakers who swiftly addressed the challenges created by the original SSL requirement.
The SSL reforms are effective on March 24, 2025. As always, the Big I NY team is ready to help members navigate SSL and other compliance requirements.