Additional Priorities Outlined in the 2014 Legislative Position Paper:
IIABNY supports agent involvement in the state’s health benefit exchange
and receipt of fair compensation for their services.
Excess & Surplus Lines Market
IIABNY supports changes to the Excess Lines law to facilitate the ease of doing business.
Modernization of Outdated Insurance Law & Regulation
IIABNY supports changes to insurance regulations that allow producers to maintain premium trust accounts in out-of-state banks.
IIABNY supports changes to the rules requiring specific approval from insurance companies for agents and brokers to hold fiduciary funds in an interest-bearing account.