New letter designed to be helpful
In a recent conversation with Ms. Nelligan of the New York State Insurance Department, she assured me that the new language regarding continued use of the forms during the PAR process (discussed in yesterday's post) was not intended to cause alarm, but was rather intended to be sure that companies were aware that the number of policy forms issued is one of the factors in the determination of a fine, if a fine is appropriate in the circumstances. She assured me that the intent was only to provide information, not to cause undue concern at companies receiving the letter.
