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Proposed Amendments to NY Regulation 41 (Excess Lines) and the Impact on Declination Rules and Requirements |
July 15, 2009
Previously published on June 2009
The proposed Eleventh Amendment to New York Insurance Department Regulation 41 (11 N.Y.C.R.R. 27.0 et seq.) would expand New York's "export list," making it easier to purchase certain coverages that have been largely unavailable in the admitted market by expanding the "no declinations" rule to those lines of insurance.
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The views expressed in this document are solely the views of the author and not Martindale-Hubbell. This document is intended for informational purposes only and is not legal advice or a substitute for consultation with a licensed legal professional in a particular case or circumstance. |
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