Join us for this FREE webinar featuring JIBNA Personal Jewelry Insurance. JIBNA is a unique, stand-alone personal jewelry program that can accommodate small to multi-million dollar schedules. Best of all, JIBNA does NOT require new appraisals! Wednesday, July 22 | 2:00 pm Save Your Spot Source
As of 12:01am on Tuesday, July 7th, emergency restrictions on insurance carriers' and premium finance agencies' ability to terminate coverage and requirements for premium flexibility are no longer in effect. The emergency regulation, first adopted on March 30th, and subsequently re-adopted with changes on June 29th, expired on July 6th, per Executive Order 202.48. Relief granted to policyholders prior to July 6th remains in effect. For example, an insured who demonstrated hardship for a June 1 premium payment is still entitled to a 60-day deferral (until July 31), and the option to repay that premium in 12 monthly installments. Contact Scott Hobson with questions. More…
The New York State Department of Financial Services today announced that it was again extending the expiration of individual insurance agent and broker licenses. These licenses will now expire on August 7. The move grants producers an additional 30 days to renew their licenses. The requirement that a monitor be present to complete producer continuing education and pre-licensing course exams online also remains suspended.Be aware that this extention applies to individual licenses only. It does not apply to licenses issued to business entities.On March 25, the department announced that it was suspending the expiration of producers' licenses for 60 days, through May 24, due to…