DFS Okays Big I NY Request to Accept Emailed COVID-19 Notices Without Prior Consent

​Following repeated requests from Big I New York, the New York State Department of Financial Services has announced that insurance producers will be allowed to send the required COVID-19 premium payment rule notices to clients by email, regardless of whether the clients have given prior consent. This will relieve them of the requirement to mail or deliver such notices. Guidance is available on DFS's website​. The notices are required by emergency regulations the DFS issued on March 30. Those regulations implemented the governor's executive order declaring a moratorium on insurance policy cancellations, non-renewals and conditional renewals for 60 days. They also prohibited insurers from taking certain…

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