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​The New York Automobile Insurance Plan (NYAIP) this week announced a series of rule changes that will impact how certified producers service clients insured through the Plan and the fees they can charge for those services.

Under the revised rules:

• Deposit premium payments for all new business applications must be made electronically 
• Producers will be required to accept the insured’s deposit premium in the form of a bank check, certified check or money order made payable to the producer for the insured’s portion of the initial deposit premium, if the insured cannot pay by credit card or debit card
• Virtual confirmation of the owner/operator and virtual witness of signatures will be permitted
• In addition to the $65 maximum service fee, producers will be permitted to charge an applicant/insured for actual disbursements for the debit card convenience fee charged to the producer when they use the producer's premium account debit card for the electronic deposit submission. This will apply  when the registration and activation of their premium account for electronic funds transfer (EFT) is pending.

The new rule changes take effect on November 1, 2022. The electronic interactive manual​ will reflect the changes as of that date.