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Cybersecurity Regulation – Extension of Filing Deadline for Certification of Compliance Beginning in 2020

​Commencing 2020, The New York State Department of Financial Services (“Department") is extending the deadline for filing the Certification of Compliance pursuant to 23 NYCRR 500 (“Cybersecurity Regulation") from February 15th of each year to April 15th of each year.  Therefore, your next Certification of Compliance will need to be filed by April 15, 2020, covering the calendar year 2019, although the Department will accept Certifications of Compliance filings starting on January 1, 2020.  This extension is effective immediately with respect to Certifications of Compliance filings in 2020.   The Department will be issuing a proposed regulation to amend the Cybersecurity Regulation to change the Certification…

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Big ‘I’ Scores Key Wins as Senate Passes Spending Bill

​Government funding measure extends TRIA, NFIP and repeals the 'Cadillac tax.' WASHINGTON, D.C., December 19, 2019— The Independent Insurance Agents & Brokers of America (the Big “I") applauds the U.S. Senate for passing legislation that would reauthorize the Terrorism Risk Insurance Act (TRIA), extend the National Flood Insurance Program (NFIP) and repeal the Affordable Care Act's “Cadillac tax," all as part of government funding legislation. “The Big 'I' would like to thank the U.S. Senate for closing out the year with great news for independent agents," says Bob Rusbuldt, Big “I" president & CEO. “We are grateful that the passage of government funding legislation included…

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Big I NY Applauds Passage of Small Business Regulatory Relief Bill

​​We are pleased to announce that Governor Cuomo has signed legislation to require state agencies to consider specific impacts on small businesses when creating new regulations​​. The bill​, sponsored by Assemblywoman Simotas (D, Queens) and Senator Kaplan (D, Nassau County), is an important victory for small independent agencies across the state. Effective November 1, 2020, state agencies will be required to​ conduct an assessment of the minimum time needed by small businesses and local governments to apply with a new regulation, including practical, legal, and economic constraints on compliance. Furthermore, state agencies will be required to actively solicit the participation of small businesses and local governments during the rulemaking process. …

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