We are pleased to announce that Big I NY and the New York State Insurance Fund (NYSIF) have collaborated to make the third party due diligence process required by New York’s cyber regulation as simple and effective as possible.
It is anticipated that NYSIF will accept the completed questionnaire as sufficient to satisfy due diligence on an agent in majority of situations. They may request additional information from agents in cases where they deem it necessary. Additionally, NYSIF will complete the questionnaire for itself and make it available to assist agents in conducting their own due diligence.
We would like to thank NYSIF for soliciting input from the independent agent and broker community in developing this process. We applaud their commitment to working together to improve the agent experience while enhancing the security of customer’s private information.