New DFS Guidance on SSL Insurance
Abstract: The New York State Department of Financial Services (DFS) today published instructions about the upcoming change to New York insurance law regarding Supplemental Spousal Liability (SSL) coverage under auto insurance policies. Body: The New York State Department of Financial Services (DFS) today published instructions about the upcoming change to New York insurance law regarding Supplemental Spousal Liability (SSL) coverage under auto insurance policies. The change narrowed the scope of a law that required the coverage on all policies unless the insured rejected it.The circular letter is addressed to all auto insurers, the New York Automobile Insurance Plan (NYAIP,) rate service organizations such as the…