New York Issues blog

/New York Issues blog

Cuomo Approves 6 Regions for Phase I Reopening

Six regions—Central New York, Finger Lakes, Mohawk Valley, North Country, Southern Tier, and Western New York—are allowed to begin reopening based on their meeting of certain metrics, and the Phase I businesses eligible to restart [...]

By | May 20th, 2020|Categories: Member News, NAIFA-NYS Legislative Updates, New York Issues, News Alerts|Comments Off on Cuomo Approves 6 Regions for Phase I Reopening

Governor Outlines 4-Phased Plan to Reopen NYS

Governor Cuomo has laid out a 4-phased, regional approach to restarting NYS businesses after a wide-ranging shutdown in response to the coronavirus pandemic.  The Central/Upstate New York regions and the construction industry are likely to [...]

By | May 4th, 2020|Categories: Member News, NAIFA-NYS Legislative Updates, New York Issues, News Alerts|Comments Off on Governor Outlines 4-Phased Plan to Reopen NYS

DFS Says Producers Can E-Mail Clients about 90-Day Premium Deferral Period – No Physical Mailing Needed

The Department of Financial Services (DFS) has determined that producers only have to e-mail clients to tell them about the 90-day premium deferral period for COVID-19 financial hardship—and only send to the client e-mail addresses [...]

By | April 10th, 2020|Categories: Member News, NAIFA-NYS Legislative Updates, New York Issues, News Alerts|Comments Off on DFS Says Producers Can E-Mail Clients about 90-Day Premium Deferral Period – No Physical Mailing Needed

NAIFA-NYS Asks to DFS to Reconsider Notice Requirement for 90-Day Premium Deferrals

In an April 9 letter to Department of Financial Services (DFS) Superintendent Linda Lacewell, NAIFA-NYS stressed the great, and arguably unnecessary, burden placed on producers complying with the 10-day notice deadline for 90-day premium deferrals, [...]

By | April 9th, 2020|Categories: Member News, NAIFA-NYS Legislative Updates, New York Issues, News Alerts|Comments Off on NAIFA-NYS Asks to DFS to Reconsider Notice Requirement for 90-Day Premium Deferrals

DFS Offers Model Disclosure to Help Agents Comply with 90-Day Grace Period Regulation

The Department of Financial Services (DFS) has issued a model notice for agents to give policyholders telling them of the DFS emergency regulation that creates a 90-day, COVID-19–related deferral for payment of life insurance & [...]

By | April 7th, 2020|Categories: Member News, NAIFA-NYS Legislative Updates, New York Issues, News Alerts|0 Comments

Governor Cuomo Signs FY 2021 Budget

Saying that despite the COVID-19 crisis “we have to be able to walk and chew gum,” the Governor on April 3 signed a FY 2021 budget unlike any other NYS budget.  It is “calibrated” to [...]

By | April 3rd, 2020|Categories: Member News, NAIFA-NYS Legislative Updates, New York Issues, News Alerts|0 Comments