What’s in a Name? How To Change the Name on Your NY License

​It doesn't happen often, but occasionally a New York licensed insurance agent or broker changes their name and needs to show that on their license. Subsection (f) of Section 2102 of the New York Insurance law requires a "licensee" to notify the state Department of Financial Services "upon changing his, her or its legal name."Probably the most common reason for this is when a woman marries and assumes her husband's last name. The reverse may also occur - a marriage ends and the former wife wants to become known under her maiden name. And some folks just like to change names every few years.Whaever the…

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VIDEO: N.Y. Changes – Peer-To-Peer Car Sharing

​A new state law has made peer-to-peer car sharing programs, such as those offered by Turo, available in New York State. Last week, the state Department of Financial Services published several changes to insurance regulations to implement the law. Watch this two-minute video to learn what they mean to your clients and you.Music by AudioCoffee from Pixabay ​[embedded content] Source

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Your Clients Might Not Have Enough Rental Reimbursement Coverage

​Persistent supply chain problems are creating shortages of some auto parts, and that could mean some of your clients will be underinsured when they have to rent cars to subsitute for one that's been damaged.A recent article on TheDrive.com described the problems in vivid detail:Back in early December, Ed Kim was involved in a minor fender bender. He took it straight to the body shop recommended by his insurance company, and the mechanic told Kim that they have such a backlog that they couldn’t even look at his car for a month and a half. Luckily, the damage was minor, and the car was still…

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