June 2020

Honorable George Nichols III Headlines NAIFA-NYS Webinar, Offers Insight into Promoting Equality through Insurance

During a special June 18 NAIFA-NYS town hall webinar, the Honorable George Nichols III, an accomplished insurance executive & regulator and current president of The American College, joined us for a June 18 town hall webinar [...]

May 2020

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 [...]

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 [...]

April 2020

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 [...]

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, [...]

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 & [...]