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New DFS Guidance on SSL Insurance

Abstract: The New York State Department of Financial Services (DFS) today published instructions about the upcoming change to New York insurance law regarding Supplemental Spousal Liability (SSL) coverage under auto insurance policies. Body: ​The New York State Department of Financial Services (DFS) today published instructions about the upcoming change to New York insurance law regarding Supplemental Spousal Liability (SSL) coverage under auto insurance policies. The change narrowed the scope of a law that required the coverage on all policies unless the insured rejected it.The circular letter is addressed to all auto insurers, the New York Automobile Insurance Plan (NYAIP,) rate service organizations such as the…

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ACORD Amends NY SSL Declination Form

Body: ​Insurance industry standards setting organization ACORD ​has announced it has revised a form used with New York personal auto insurance applications. Form ACORD 65 NY (2025/03), New York Auto Supplement – Spousal Liability Insurance Declination Form, is for use on and after March 26, 2025. It replaces form ACORD 65 NY (2023/08​).The new edition is designed to reflect the guidance ​the New York State Department of Financial Services (DFS) has provided for situations where an insured wishes to reject Supplemental Spousal Liability insurance​. DFS provided this guidance in response to a change in state insurance law that Big I New York pushed for last year. This edition removes two paragraphs from…

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“Spring” Into Action with In-District Legislative Meetings

Abstract: Some of the most impactful advocacy occurs at the grassroots level right in your community. That’s why we’re coordinating opportunities for you to meet with lawmakers when they’re back home in district offices. Body: The weather outside is frightful, but at Big I New York we're thinking about springtime in-district legislative visits! Some of the most impactful advocacy occurs at the grassroots level right in your community. That's why we're coordinating opportunities for you to meet with lawmakers when they're back home in district offices.You can learn more about these important local legislative meetings by visiting the In-District Legislative Meetings page and clicking on “SIGN UP!" to…

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