Urge Gov. Hochul to Quickly Sign the SSL Reform Bill

​​​Last Friday the State Assembly delivered the Supplemental Spousal Liability (SSL) reform bill (A.9407A/S.9021A) to Governor Hochul, giving her 10 days to act.  It's not too late to voice your support for this important legislation by visiting the Big I Action Center and sending the Governor a message urging swift action on the bill. Under current law, policyholders must affirmatively opt-out of the coverage, even if they are unmarried or applying for commercial auto coverage.  The bill exempts unmarried drivers and commercial policies from automatic SSL enrollment, thus removing the opt-out requirement.  Big I NY has been an outspoken advocate for these important changes to the SSL…

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NYAIP Reminds Producers To Verify Insureds’ Identities

​The New York Auto Insurance Plan (NYAIP, also known as “the Plan") is reminding insurance producers to take precautions when transacting business with Plan insureds by phone or email.The Plan's Special Investigations Unit (SIU) became aware of instances where producers took NYAIP applications, endorsement requests, and credit card transactions by phone. Some of them did not verify the applicant's or card holder's identity. They then falsely certified that they met the NYAIP identity verification requirement. The result was: Issues regarding applicant information.Disputed, unauthorized and questionable credit card transactions. The Plan reminds producers that when conducting business virtually, they must visually verify their insureds' identities. They…

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What is a Carrier Required To Do When It’s Pulling Out of a Market?

​A national insurance carrier announced yesterday afternoon that it is exiting the personal lines insurance markets countrywide. To find out what the carrier's legal obligations are under New York law, download our Carrier Market Action Questions & Answers document.This and other helpful resources are available for download at any time from the Frequently Asked Questions page in the Answer Center​ of our website.Source

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