To Tell or Not To Tell an Insurer About a Young Driver
The insured should tell the insurer about all household drivers.
E&O
NYSIR’s AM Best Rating Withdrawn
UPDATE: Since we posted this news item, we have learned that NYSIR is a “municipal reciprocal insurer,” as New York Insurance Law Section 6102 defines that term. That same section of the law permits…
E&O Report | New Year’s Resolutions for Insurance Agencies & Brokerages
E&O Report | January 2024 | Volume 39, Number 1 As we start 2024, it is the perfect time for every insurance agency and brokerage to examine its business practices. Over the years, we have…
Is It Required To Maintain Signed Applications Even When the Carrier Allows Electronic Signatures?
Question: “Does New York State require us to maintain signed applications in our management system, specifically for the companies that allow e-signatures from their websites?” Answer: New York State insurance…
E&O Report | Additional Follow-Up to Questions Asked During the Annual E&O Telecast Seminar
E&O Report | August 2018 | Volume 30, Number 8 On June 6th, the Big I NY Annual Errors and Omissions telecast seminar was presented live from Hudson Valley Community College in Troy and transmitted…
NYS DFS OK’s Naming Entities as Additional Insureds on Certificates
The New York State Department of Financial Services has told IIABNY that, where a liability insurance policy contains an automatic or blanket additional insured endorsement, certificates of insurance may name…
E&O Report | Issues to Consider Concerning Agency Technology
E&O Report | September 2013 | Volume 25, Number 9 We regularly receive phone calls from independent agents with questions on a wide variety of topics. Quite often the topics relate to concerns about an…
Insurance Carriers Do The Darndest Things!
[This post appeared in the June 26, 2013, issue of IIABNY Insider] Every week, IIABNY’s Research Department gives members information about what New York State law allows insurance carriers to…
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