Albany Update: Chapter Amendments to Insurance Disclosure Act Passed, Advocacy Week(S) Registration Open, Photo Inspection Co-Sponsor List Grows
Chapter Amendments to Insurance Disclosure Act Passed:This week, agents and insurers breathed a sigh of relief as the legislature finally passed the highly anticipated chapter amendments to the new Comprehensive Insurance Disclosure Act (CIDA). As expected, the CIDA will now apply only to actions filed after December 31, 2021 (not all pending actions, as originally passed). Additionally, PIP actions are exempted from disclosure, and the time frame for disclosure will be extended from 60 days to 90. Anticipating these favorable changes, Big I NY prepared a summary in our February 2022 E&O report. The governor is expected to promptly sign the amendments into law and…