Market Conduct Profiles for 2007

Posted on December 20, 2007 by Cailie Currin

The New York State Insurance Department has recently posted a document that sets out the changes that have been made to the the Market Conduct Profile for 2007. 

Of particular note for NY domestics is number 6 on this list of changes.  This is an explanation of the change made to the Marketing and Sales Activities section of the Market Conduct Profile for 2007 to request an "excel file containing information about policy forms authorized for issue outside of State of New York. (sic, emphasis added)  For the year 2007, this information is for the period July 26, 2007 to December 31, 2007. "   This new filing requirement is the result of the statutory change to section 3201 on out-of-state filings.    

 

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