Publication Date
2023-01-10
effective date
2023-01-10
jurisdiction
New York Excess Line Association Eliminates Parts of Excess Line Affidavits
Effective immediately the ELANY eliminates reporting elements from parts of excess line affidavits.
The following information will no longer be reported for declinations: - Affiliation of Representative: Company Employee, Agent, Other - Name of Representative Declining Risk - Reasons the insurer declined to underwrite risk
AgentSync Actions
Our compliance experts are constantly searching for and analyzing industry updates. Their findings are then recorded in the Regulatory Updates section of the Compliance Library to explain how the update impacts the insurance industry. If a change impacts an AgentSync product, this will be highlighted to inform you that the product is being updated to ensure you remain in compliance.
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This update has been reviewed by AgentSync compliance experts for industry impact and necessary automation in the AgentSync platform.

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