It has recently come to our attention that the Department of Motor Vehicles (DMV) notified insurance companies earlier this year that they will start enforcing an existing regulation that requires companies to report new business to the DMV within seven days. As a result, some insurance companies have been notifying their agents of the need to report sooner to the company.
We are gathering additional information on this issue and will be meeting with the DMV to discuss the agents' role in the transmittal process. If you have received a notification from any of your insurance companies and are willing to share please send to Big I New York's Director of Government Relations Scott Hobson at email@example.com .
Kathy Weinheimer, CPCU, AAI
Senior VP Industry Relations