Health Insurance Exchange Course Available Only From NYSOH

​The New York State Department of Financial Services (DFS) has announced that New York State of Health (NYSOH) will be the only authorized provider of certification training courses. NYSOH is the health insurance marketplace for New York, one of the marketplaces created under the federal Affordable Care Act.All insurance brokers wishing to obtain individual or group health coverage for their clients through NYSOH must take a certification course and apply for certification. Previously, the certification course was available from third-party organizations such as Big I New York. The announcement on the DFS website states:Effective August 31, 2020 you must contact NYSOH to register a new account and to access the…

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A Few Minutes With Tim: Certificates of Insurance – What Limits Should You Show?

​Question from a Big I NY member: I have a commercial lines client who has a $5,000,000 umbrella policy with us.  The insured does not want us to show on certificates that he has a $5,000,000.  He would like us to show on the requested certificates a $2,000,000 umbrella policy.   The insured just bumped up his umbrella for one client.  The umbrella policy has always been $2,000,000 and he will be changing the coverage back to $2,000,000 at renewal.  Is this something that I can do?Watch the video below where my confidant and I consider this question. Also note the change in title because truth…

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