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3, 2, 1 with Sue Keegan: Victory for Agents, Pre-licensing, & Cookies

​By Sue Keegan, AIC, MBA, Learning & Development Manager3 Things2 IdeasCelebrat​​e National Chocolate Chip Day​ on Saturday, May 15th.  Have you ever been so desperate for chocolate that you busted open a bag of chocolate chips?  No?  Is it just me, then?1 QuestionWho is your celebrity look-alike?  Back in the day I got either Sandra Bullock or Kristen Johnston (3rd Rock from the Sun) A LOT.  Let me know your celebrity look alike via email at skeegan@biginy.org​ or post in our Community​.  Also accepting pictures :^)Source

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Albany Update: NY-HERO Act Signed

This week, Governor Cuomo signed the NY-HERO Act into law, the bulk of which will go into effect on June 4th 2021. The bill mandates the Department of Labor (DOL) create sweeping regulations requiring workplace plans, standards, protective equipment, and responses to “airborne infectious diseases", which includes not just COVID-19, but potentially other airborne diseases such as the flu. The regulations could end up mandating costly equipment upgrades, disinfection procedures, modifications to work hours and schedules, and employee health screenings, to name a few. The bill allows any employee to file a civil suit against their employer for any alleged violations of the exposure plan.…

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Lenders Can’t Require Limits Greater Than Home Replacement Cost

​​The question comes into the Geek CaveTM often enough that I thought it would be worth posting a reminder here. In New York and Connecticut, the law prohibits lenders from requiring home mortgage borrowers to buy dwelling insurance limits that are greater than the home's replacement cost. Your Resident Insurance GeekTM has not had to answer this question since ... yesterday.​Here is chapter and verse. First, New York Banking Regulations  Section 38.9 states:No mortgage banker or exempt organization shall require any mortgagor, in connection with the granting of a mortgage loan, to obtain a hazard insurance policy in excess of the replacement cost of the improvements…

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